₦airaland Forum

Dwizeone:
Bros no keep kwayet o... Just fine-tune the tune ... Them then send Mendes to ghost mode... No follow suit ...

Present Sir. I say make I confirm if am responsible for the bears and na why I take style keep quiet. Am still watching. I was on early vacation and had time for my fellow members. . Am back to my day job!.

Please note that there's no way any stone from any member here will add or remove 1 kobo from my portfolio. It's all noise. It doesn't move me in any way!

Make I baff begin go work.

Make una continue dey dance the reggae, I am waiting for the blues.....

So this market is ONLY looking for 35% dividend yeild. Ohok oooo.

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/21261_CADBURY_NIGERIA_PLC._FINANCIAL_STATEMENTS_MARCH_2018.pdf

They should have released this result when the bulls were very much around.

Agbalowomeri:
UBA tomorrow

Access first.... Though they are birds of the same feather.

PharmAlfred:
No result came out today? Ahh! What are all the companies hiding?

No serious result today and the bleeding stopped. Let them hold their result oooo

Agbalowomeri:
Hahahaha
Just take one more shot to clear

You mean he should keep averaging down the shot intake. LOL.

Agbalowomeri:
True true na hangover

LOL. But you weren't clear on your statement. 200m units or 200m naira....

rationalmind:
On the 23rd of February 2018, total released it's result with DY similar to what NASCON is paying. Price pulled back immediately by 5% and gained as much as 17% right afterwards.

I have seen this same pattern over and over and it keeps repeating itself. Investors behave in very similar ways, and someone who can patiently study how they behave and react to situations does not need to have any special knowledge of FA or TA before making money from the market.

Matter of fact, it's the "science" behind TA

Science behind TA...

Agbalowomeri:
Those ones are waiting till 2pm

I know... Even at that, their total bids are LOW. Very LOW.

Dwizeone:
This one go trigger even those way dey sidelines to begin dump too o... Chai...

Look at the bigger issue.... Volume has seriously dropped across all stocks (Zenith is practically the only stock having volume trade).

@Wanaj0,

Do you have any info on Zenith? This dumping seems out of place.... Though not the first time am witnessing such but there was a reason the last time.

Like Agba mentioned, is it possible these foreign guys are leaving already? Could this be related to CBN and compaint about FPI's?

wanaj0:
Seems Milost is printing dollars to be invested only in Nigeria. They must be undertakers who invest only in DEAD companies

Oya, make we start to buy Unity Bank now.

People don wise up after JapOil.....

currentprice:
Then there is no need to be angry, so far u stick to our strategy, let fold hand together to see it @ 7

5 or 7 for Access Bank? Based on 40k dividend, won't it get to 5?

Agbalowomeri:
Chai chai mogbe
Money don enter voice mail
Yariyan #BringBackMyMoney

Who dash you boyfriend? Na "girl friend" you be self. Side girlfriend..... Na she be the "man".

.

RabbiDoracle:
1. Letting your emotions override your plan or system is the biggest cause of failure."

2. "Some traders are born with an innate discipline. Most have to learn it the hard way ."

3. "If you can't deal with emotion, get out of trading."


~ J. Welles Wilder Jr.

You know the set under the highlighted.

RabbiDoracle:
When it gets to 19kobo that is when you will know that they have registered, paid school fees, paid accommodation fees and have started receiving lectures.

19k Kee. If Fidelity gets to 19k, won't that be the end of the world?

Agbalowomeri:
That support was super artificial. nse charts need to be read with naija flavour. When the seller (who knows, maybe MM) was done selling, he released the recoil. And new sellers are entrying

Agba, I really have to disagree with you on this. That support was tight. Actually, the entity dumping made it impossible for the price to rally even if for 15%....

I got in at a point and barely left after 24 hours when I realised the entity wasn't done! Thank God my loss was ONLY trade fees.

fxuser:
um Transcorp
been adding little more btw N2 to 1.90 oh ... taking my avg cost up to 1.44 to 1.50 on different accounts
the yeye just pulled back further on some kind of low vol
very bearish posture , hv to hang on , because the volume traded are very low .. even d bids were very low

Sorry for barging on you oooo. I know you have a plan and you are trading that plan but what's really your expectation re.. Transcorp?

Q3 ain't that rossy and NBET is owning Genco's up and down. I also know one or two about their debt. Is this gut trading or you already have facts behind the koko?

Maybe they might get to buy one of these power stations been flaunted by FG....

wanaj0:
Seems there is a LOT of panic! People need to relax and manage their expectations.

People seems to believe the Armageddon is here! I don't think so.

For 'traders', we are in difficult times. There is NOTHING to move the share prices northwards. Most stocks already have the full ear result factored into their prices hence the 'bull' run end of last year. Except the final result is significantly different from full year result, don't expect major change in prices.

I think we still have value on the NSE. Zenith is trading at a PE of <5.00! That is a deal. Even GTB's PE is <10! They are ramping up personal loan now since the free TB money is gone for now. I expect the top banks to be able to sustain earnings in 2018. With current oil price, their Oil and Gas NPL should see some improvements.

Generally, people should FORGET about buying at the 'bottom' and selling at the 'peak'. It is a fallacy! I guess that is what is responsible for the gloom now! You are better off having a percentage profit you plan to make and exiting once that OBJECTIVE is met. Many seems to be trading without a strategic plan! The only plan seems to be to 'hammer'

And for those who don't have their emotion in check, flee the NSE! Your portfolio can be down 30% in just 2 weeks! For those that started last year and only saw the BULL run and thought it will continue, biko life is not like that!

Lastly, PLEASE avoid 'kalo kalo' stocks like JA PAUL irrespective of the seeming 1000% returns. Such stocks are not meant for 'ordinary' human beings. Only 'winch' people trade in stocks with zero fundamentals plus terrible corporate governance/management! When such stocks reverse, na like trailer going back on a slope! At least if person go chop frog, chop the one with egg!

Happy Investing

Is it school fees yet or this is still payment for course registration?

fxuser:
super risk management move , good reaction . kudos madam
i'm also at my highest cash level since dec also
anyway , this is d worst weekly performance for bank Index. Week to date is a massive -8.35% (massive weekly red engulfing candle)
Personally , got my first humble pie, fidelity holdings was bady out of position wt an avg cost of ard N3 ..
i dont know how to avg down , i chop my humble pie without fuss (blame d itchy finger issues later)
every market likes to serve humble pies ard every now and den (crypto community de chop am back to back dis yr lolx)
dis sell off is likely to continue into the new week ..
opportunities will present themselves again , we wud patiently wait and not be drawn into chasing them lol


Key reminder to Self:
Never ignore negative divergences

That Fidelity's ₦3.00 support was something else. It was too good to be ignored. Got a lot of people in, not just you alone. That's where the dumping started from.

What about your Transcorp?

RabbiDoracle:
Mendes , oya over to you.

Godisfaithful, another outing dey today ooo... You need to take madam out for shopping again ooo.

Over to me kee. Am not responsible for anybody's frustration. I will ignore as usual. Afterall they initially said you were gonna lick your vomit, they ended up licking your vomit for you. LOL.

The one that was calling Agba a master in January, called him a clown last week. Let them keep throwing the stock.

RabbiDoracle:
You will soon start seeing varieties. Poundo, semo, plantain flour and amala. Make your choice.

Keep talking. Today might be for you.....

RabbiDoracle:
Average out? Or average down or up?

Ok nauw.

Shiii. All na average.

Agbalowomeri:
That one na the last masquerade to dance; once it starts to dance just know that the kingdom of ............ is at hand

I have been monitoring GTB and the stock have refused to have any reasonable bid.

Maybe people should stop bidding for Zenith Bank. That might cool the sellers down a bit. Did you see how they avoided putting Zenith Bank on full offer though they had enough units to sell for that to happen. They are applying psychology.

Agbalowomeri:
Pillow and mattress gang = Oracle and Mendes419

Agba - Chiefoo of the Pillow and Mattress Gang.

mendes911:
Diamond, FCMB and Transcorp!!!

I will double my effort and make sure am not in any of these stocks long before results are out.

These stocks has the tendency of sending one on an early vacation to Spain or permanently send one packing to the village should their result be far below expectation.

Am not interested in either of the option.

This was my post early January, before we got to the peak. I never knew Fidelity will be Head of the Gang!

phemmie06:
If banks like GT and Zenith can be dealt with in this way , I wonder what will happen to other companies. Some directors will be scared of releasing their results. Except for companies like Austin Las, Caverton whose board meeting could be held during dinner or breakfast in the morning.

Well, nothing last forever. We all just need to have a plan and stick to it.

BTW, GTB is still fine. Maybe because they are yet to start having enough bids. I could be wrong. I will know for sure when they have reasonable bid quantity and price still remains where it is.

Dwizeone:
I sincerely was awe-stricken by that move Will the trend continue next week, the same people can push the prices up a bit, entice people with the upward price movement and then dump on them too

Dead cat bounce.

Momoney54:
What’s happening with Fidelity oh. Anyone has any idea?

It's not just Fidelity Chief. Don't mind that Diamond and FCMB closed flat, that was the handwork of MM's. The market is generally tanking.

Agbalowomeri:
Story of the toad in boiling water

He sounds quite experienced. I expect he must have had a stop loss. Unless his portfolio never bleed before (capital or paper profit wise)!

Agbalowomeri:
You dey my mind ni?

I always expect the worse in this market! And then re-adjust accordingly.