₦airaland Forum

Mcy56:
Please house, is there no market today or is it Morgan that is at it again?

jarkbauer:
how come my Morgan is blank at 9:45am?

Morgan Capital customers are responsible for this current selloff. The market will gain today should NSE deny them access.

RabbiDoracle:
Always check the management before you commit your fund.

My statement wasn't based on their management, rather on those hot money pulling stunts again.

What happened this January wasn't anything about financial, rather pump and dump.

They will be back again.

locodemy:
Double wahala.
some buy because of dividend and now they no see.
some buy just for capital appreciation,reverse is now the case.

LOL. That 11k trap.

Mcy56:
....... but has gone with the wind

Exactly my point. Buying Diamond at 18k might be same as buying a bank about to be nationalised.

maishai:
I imagine diamond @ 18k......... I will borrow to mop diamond then I am ready to wait for 6 years for it to rise to #2

Some of us bought BankPHB at 59k.

GTB and Zenith finally taking some heat. The end is not far anymore.

My opinion though. Could be wrong.

maishai:
By d time this bear finish with diamond bank nobody will fantasize about it on this forum again...... Its @ this junction I fear the 1k rule

Not at all. Diamond Bank will still sell for N2 by next year. We are only not certain what will happen between now and then.

RabbiDoracle:
Is there public holiday on Monday and Tuesday?

Kids/Schools will have Mon. and Tues. Others will be only Tuesday.

yom2:
thank u my brother, tell them make them hear. even how many jobs could have been created with that milost fund they chased away.

You mean Japaul's Management were part of the group that chased away the Milost Funding?

Mcy56:
Is it too early to say some stocks are reversing already? Uhmmmm, we keep watching.

There will always be a 10%-15% uptick as we move on. If you are an "agbero", you can try them once you see opening.

Cadillac15:
Its like you are a saddist in real life or someone that derives joy from chaos and badluck situations.

I remember how you were shouting last year about grandpapa bear bear etc. You used all available data including biafra and Nigeria's break up to justify your views.

Unfortunately, the bull continued until people made hundreds of millions. Then you disappeared only to surface again.

You will be busy again shouting bear, dollar, etc. Bull will creep in, enrich people again and leave you behind again.

Please learn to be a positive person. Badluck has a way of following people who are always negative.

Gracias

Easy Chief.

He was wrong on his premise, just comment on that and move on.

Dwizeone:
Some of the buyers are long termers so the immediate buzz is not so much of a concern to them.

Not until their stop loss gets triggered.

Mcy56:
You self. You too get mouth. Do you know his investment plan?

The forces fighting Fidelity no be here. Seems those forces are just bent on pulling it down by force. Surprising thing is that people kept on buying these stocks inspite of price fall. Wonders of NSE! .

The signs were there last week and became very glaring towards end of the week. I was surprised when most of us were hoping on the bull's return this week.

On the bolded, I was once averaging down UBA from about N8 all the way to below N2. I have been through and it's a rough path to follow. Very rough.

Mcy56:
You self. You too get mouth. Do you know his investment plan?

The forces fighting Fidelity no be here. Seems those forces are just bent on pulling it down by force.

Am trying to draw Sir FXUser out. He remains my boss. I haven't heard from him since yesterday.

Transcorp at N1.10 might be juicy. Just 20% more to go.

Can someone please check on FXUser? This is the time to be our brothers keepers!

Mcy56:
Continue praying, as you are praying so are people with stocks in their portfolio praying too.
You better start cherry-picking small small.

Cherry pick what nawww? Agba taught me to be a grave robber. One perfect grave robbery per year is enough for me. I don't aim to partake of all bull ride.

I might start cherry picking once the bears decends on GTB and Zenith. GTB and Zenith going on full will affect every other stock on NSE. That's what am waiting for.

currentprice:
you don enter?

Not at all. My statement is that I pray for the bear to continue till end of next week. It will be healthy for my portfolio in the sense that I will buy far lower.

currentprice:
you will shift post naw

though i also wish the bear to slow down for the shake of my pple still in the mkt. not funny any more

cc oga Tolu (fidelity bank)

Is this continues into next week, that will be the real koboko. I don't wish for this to happen for the sake of forum members that are still in but I pray for it to happen for the sake of my portfolio.

Chibuking81:
We are saying the same thing.
At #155 , economy was stabilize then, they reduce and look elsewhere, but at # 400, when exchanging dollar to naira the will buy more, remember that it was moving from #400, to #450, to #500 up to #600. They were still trooping in, but now the reverse is the case, from 600 to, 450, to 400, to #300+ and will still get to #200 +, with possibility of seen 100+, if crude oil continue improving.

If they did not take their gain with current dollar exchange to come back later, when will they take it.

To Nigerians, it a good thing, but to them bad.

A man will always see what he wishes to see. No need telling you otherwise.

This bear should slow down abeg. At this rate, my entry prices might be met by next week and it will be too early to go in. The year is still young.

Fidelity.... Ohh Fidelity.

See as FCMB is racing after Fidelity as well. This kind of love toorr. What God has joined together, let no MM put asunder!.

Mpeace:
I don't agree with the parts in bold. If the naira strengthens against the dollar, ie if the dollars weakens, it would be of greater advantage to the foriegn investor as it means more dollars profit and value for their investments in the country.
Example: if they have a unit of seplat at 720, that is $2 when converted at an exchange rate of 360 to a dollar.
Assuming the dollar weakens against the naira and 1dollar becomes 180naira, it then means that they have made more money by investing in the naira since that seplat at 720 which was $2 now becomes $4 at the new exchange rate.

Exactly.

Chibuking81:
Just to make common sense.

Oil price recovery from 27 dollars, to 45 dollars, to 65 dollars, now at 78 dollars per a barrel, it is a good news to the Nigeria economy.

But good and bad news to foreign investors.
Good news, as they have pump the stock price to above 100% with announcement of Nigeria coming out from recession, they will sell now and convert the money to dollars, to invest elsewhere, or to come back later.

Bad news; If they fail to sell now, they will be at losing side, because very soon, with rising of crude oil price, more dollars will troop inside the country from sales of crude, the price of dollars both in primary and secondly market will reduce drastically. Dollar will not be scarce again. Naira will be strengthen.

For instance, if dollar to naira is 1 dollar to 380 naira, if the price reduces to 1 dollar to 190 naira, that means the value of dollar for that foreign investors who wishes to sell his stake in Nigeria equity market to convert it to dollars has reduces by half.

One should not be surprise these days to see more offer building up, even when one assumed that price has bottomed out.

Foreign investors are cashing out, they are smart, but we need to also follow them with smartness by preserving our cash, because very soon, the price of naira will appreciate greatly. Economy will be stabilize again and then they will come in again. Stock market this days is just like game, it make one paper billionaire today, tomorrow it will still step him/ her back to millionaire, if not more lower than before.
Dividend and bonus use to be onions for ones investment, but today mode of trading has turn stock market more of gambling field.

Your inference is wrong sir. If exchange rate drops from 360 to 190, they have made a killing (on commodities already within the country) without putting in any effort.

Remember what happened last, investors were selling stocks and leaving the country when exchange rate was pegged at N155 only to return back when it could at N400!

gabscity:
if this happens soon ehn... no dulling this time o, i will just apply for all my pension from ARM.

i enjoyed fbn @ 3.20.. if i see again before Dec, ...na to resign by by this time next year o

What if those banks get nationalised?

Chibuking81:

Fide injured people no be small

What of Flourmill?

How can you compare the two? Flourmill has barely lost 25%. Fidelity has lost half of it's year high.

rebekah2011:
It is not easy to know what to avoid these days but some people just like to be scammed. I just dey feel for those trapped in Diamond Banks' bus

I can't feel for anybody still trapped in Diamond Bank. At least there was 20m units bid today for over an hour for anyone to jump ship!

Chibuking81:
Flour mill even @ #30.80 no one want to buy. This bear really mean business.

Where is Tritri and those that were trying to convince him that he made a mistake by selling then? He can re-enter now and have change left.

locodemy:
Na only me and you get the heart to talk here now o.

LOL. My vilage people tried to lure me into Fidelity today for a quick 10% under the disguise that God was talking to me. I remembered you saying that I will soon get trapped in a stock. LOL, na so I jump and pass.

aremso:
is a matter of of time, the duo will be in red

That will be the emergence of the grandpapa bear bear.

BullBearMkt:
WHAT TO DO IN THIS TIME OF BEAR
This period is not a good time to buy stocks on NSE. As the index is collapsing, it will bring most stocks down with it while few will definitely not follow the index. You know what? These are the strong ones to watch out for when the index bounces back - No 1 home work!

The chart below is a monthly NSE ASI, market reaction around the highlighted area is very important. Watch out for market reaction at this key support area and if price falls below this, the next key support level is around 35900. Any fall below this could indicate the market want to retrieve all it gave in 2017 till early this year!!!

A quick comparison of this is in 2014, where we witness the first 4 months of the year bearish the 5th & 6th month were aggressively bullish but it led to a massive sell-off till 2016. Is this election fever?

PLAN YOU TRADES AND TRADE YOUR PLANS

Thanks Chief.

Please, is it possible for you to be cropping out 2008 - 2009 whenever you post NSE indices. That area reminds me what I had to pass through for 18 months. It still raises my blood pressure! Just joking though.

DBN.

If you discount the 5m units gang, you practically have 700k units bid against 4.5m units offer. NSE.

Zenith and GTB sitting STILL. I don't call these bears. Just minor disturbance.