₦airaland Forum

kolaish:
Really. Less than 350,000 units traded since morning in tranches, probably by those analogue investors who normally send purchase mandate to their stockbrokers,unaware of happenings in the market.

It's 235k units traded since morning and no single block of 100k hence there's no price change yet.

If deep pockets are interested in cycling this one, they would have closed the required minimum units for price change to reflect. But they are not doing that.

Sidon look mode.

Edited: Finally, they just closed 100k units. Game on.

Chibuking81:
Pity them at least @ 1.70, by opening some doors for escape.
Sometimes stock hardly lose 4 straight day. Bear on a particular stock, stop over at 3rd day to drink water.

As we start counting,
1st day 1.81
2nd day 1.72
3rd day 1.63.
Don't panic, if real, one want to come down, you can easily come down at 1.63 and above. Just prepare your mind.

May be some doors will be open at 1.72, while many doors will be free at 1.63 for Diamond bank passengers to come down.
Their market maker might say otherwise, by tomorrow.

Have you watched their trade today? Can you see how traders are avoiding the stock? Nobody is even willing to stake money to help the share price drop. Diamond is on a long thing. Very long.

mendes911:
You are concluding that FCMB and Fidelity won't go on full offer tomorrow.

Well, Monday is already here. We watch and see.

Fidelity gone on full offer. Waiting to see if FCMB will obey as well.

Chibuking81:
Is it because Peterich exit?

Yes. That Jonah is about to leave the ship alone.

Oando - Full Offer.
Diamond Bank - Full Offer.

Kai, this one pass village people witch oooo.

Cc:

PETERiCHY:
Since Ramadan fast will kick off tomorrow I decide to put some of my dangflour for sale this morning @#11:90k

140kunits to be precise about 90k+units was filled the rest still pending. While the stock has traded over 2.8m units so far with #12:01k as the day high.

I wonder the GHOST TRADER that skipped my N11:90 offer and went to buy that of N12:01k.

May God deliver us from GHOST TRADERS

*ThE OcToPuS*

Hallelujah. Time to buy Dangote Flour.

Nichee:
Its just a matter of time @ 43Million offer and NO single BID, Diamond loosing is inevitable its just a matter of TIME.

You miss my point. There's still no single trade of 100,000 units. If market should close now, Diamond will not loose anything.

Diamond Bank holding strong. Yet to loose any kobo today.

Mcy56:

Diamond targets 30% stake in Exxonmobil downstream sector by 4th quarter of 2018
Diamond bank is set to acquire a major deal in the Nigerian Electricity Transmission Project

Diamond Bank takes over Geometric Power, generating 20,000 megawatts of power daily.

PETERiCHY:
After this terrible result if you still intend to buy diamondbk above 70kobo then your village people is very strong.

Betterstill wait till mid-Dec to buy in anticipation of their 2018 F/Y Result. because by then you will see headlines like Diamondbank back to profitability. They grew PAT by 283% coming from a loss of 4B to a profit of 1B blablabla.....

By the way this exactly what Dozie did to his shareholders.

Kai, which forum member could that crying guy be?

#ZoomsOff.

Chibuking81:
Transcorp and FCMB once taught me a lesson, those who will be tempted to sell at 1.8 or 1.7, without buying back at bottom level, will be regretting, when they will see it overtaking kilo #2, heading to #3.

If you might sell tomorrow, sell to enter at bottom level, because am seeing it competing with FCMB and Fidelity bank very soon at #2+.

You are concluding that FCMB and Fidelity won't go on full offer tomorrow.

Well, Monday is already here. We watch and see.

Deadlytruth:
From Q3 to FY 2011 UBA had a brush with very bad results (N16 bn loss for FY 2011) quite similar to Diamond's current one, it's price plummeted to as low as N1.64 but within 2 week afterwards it had reached nearly the N2.5 which it crashed from in response to the announcement of the result.
I see jijoist cleaning out on Diamond within the next three weeks

What was UBA's Q1 2012 like after they released FY2011? Diamond in this case followed up with an unimpressive Q1 after FY result.....

IchimokuPilot:
Extremely!
And loves Chiomatic, cokish figures take join.... ;

If not that Pastor Vee is trapped in Diamond, he would have started preaching to Sam Loco as regards his last statement aka 2 bottles. Pastor currently has got earthly things more worrisome than his heavenly rewards. All Pastor Vee could say is to wish bull upon us by Monday.....

It is well.

PETERiCHY:
I won't quote any fair price for now so that people can enjoy their weekend in peace.

There is more to life than stock trading.

LOL. Better not quote price. Am sure Diamond will reverse for good when you and your forum sister sells your individual units.

kolaish:
Well said. But I see the stock going down for just a week, thereafter, it may resists a further down movement.

Going down below N1 might not necessary be on a straight line. The bus will always stop, drop old passengers, pick up new ones and then continue. It's the destination that matters. And there will be choppings for the strong "hearted" ones.

We watch shaa. Mr. Time will tell.

mendes911:
Could that be Diamond FY17 result on fire? Na so the result hot reach.....

I thought as much. DBN will need to pay for renovation works at CBN.

OakPearl:
Keen watchers of the market know that Diamond is on a slow but steady rise upwards.

Barring any seriously negative impactful outcome of both their FY 2017 and Q1 2018 results, it shall soon be on its usual catch up race with FCMB.

#Buying&SellingPatience

You were saying something earlier......

fxuser:
lolx u don carry mop already #chai

Mop, bloom and dust pan. My family and I are ready. If mugu no fall, how maga go chop ni?

RabbiDoracle:
Agba is here too.

I think his(Agba) case was a JIJO that went wrong.

Nope, Agba is already out. He sold way earlier.

But money will be made on this stock though. A reversal will give a sharp 40%.

kolaish:
Leave matter for mathias. Which result did skye bank has that it is still trading at 94k. Is Diamond result worse than the yet to be seen result that CBN is hiding for Skye bank.

Assumptions they say is the mother of all screw ups! There's a difference between assumption and reality. Why did traders rush in to sell at N1.90 today? Because it became clear that DBN's result is out and bad. No more assumptions/hope that the result will be fine.

Skye Bank still has no result and can trade at whatever price. Also, you should have noticed that Skye Bank has been under manipulation since January. If you follow closely, you would have seen it.

That said, the only thing that can save DBN is if they quickly engage an MM for price stability. Else, forget it.

RabbiDoracle:
Just Mpeace. But I truly feel for him.

E no go easy seeing yourself gain and afterwards you lose all and now threaten capital join.

But how can you buy a stock that's not very fundamentally strong at N1 and instead of selling, keeps buying more at N2 and N3.

No be every time we go dey accuse village people and wicked uncles oooo. Sometimes na we just take our hand fall mugu yakata.

RabbiDoracle:
God saved you.

Remember if the result is good, you watch them surf. If it is bad, you watch them drown.

Bros, my bid was lined up waiting for me to press "GO". I would have gotten some units if the result turned out fine. I dedicate time when I have such stocks in mind (either to sell or buy).

kolaish:
Despite all that has been said, Market has a voice of its own. Don't be surprised that Diamond may not even dropped more than your average buying price. So, I will advice you keep your eyes on it and sell before it goes down more than your average entry price.

Seriously? Have you gone through their Q1 result as well?

Dwizeone:
I can imagine, me loose too that time sha ... But for our bros up there, The first thing that will come to mind will be revenge trading, but cooling off (Not vacation o, this weekend) will be necessary and prolly strategize on what next to do, it could be staying away from NSE, spot a better opportunity or enter tier 1.

Chief, na vacation oooo. Trying to sell from Monday and not able to comes with it's own added stress/BP. Make I keep quiet shaa.

After DBN went on full offer, somebody bought 600k units 20 seconds to close of trade. Chai. That's the mother of all itchy fingers.

RabbiDoracle:
When I saw other Tier 2, I suspected there was problem and advised we enter Tier 1 for safety.

It is still not late. Buy a mattress for storage or enter Tier 1 at a good price. GUZ

A pillow case is big enough for me. Am not as big as you are.

RabbiDoracle:
I told you guys 80kobo before.

I was banking on N1.00. Seems like I was too generous.

Dwizeone:
Make una no finish this guy na

That was a candid post sir. If he's as heavy as he said, he should take a vacation and go cool off. I have been there and I am saying what worked for me.

#OandoSaga...$1B.Loss.

RabbiDoracle:
See what hope did to you.

Now you understand the proverb that : a bird in hand is worth more than 1,000 in the bush.

Shiiii. Don't add salt to this woundjure.

Mpeace:
Uniin bank result is out, diamondbank to follow. Vacation to SA loading

You really need to go on that vacation.

Well, goodbye to NSE till November. Diamond Bank is the last stock I was hoping to buy and "chop" once they surprise the market with a good result and I was watching/waiting closely with my bid ready. I can't recall how my times I had to refresh that NSE page.

Well, I hope members are not heavy here.

Kashif:
Ha! What hit Diamond bank?? On top the divestment?

Thank God I firmly sat on my fingers when the temptation came. Wetin I for tell my children?

Na wa o! Na sub N1.00 get am now

This requires more than a thanksgiving. My sincere apologies goes out to those I sold to months back. I hope they made some profit and left.