₦airaland Forum

Thank you bro, of course I will jump back. If I am not able to sell at a reasonable price tomorrow morning, I will leave it. If I sell, I will be back within days.

locodemy:
Remember to come back to benefit from the consolidation news.
Why not wait and pull all at #5?

my people, am heavy on transcorp, should I sell and wait for retracement? Hmm, itchy finger...or am I being too greedy!

zap away or not, just remember to invest in Nigeria. It is the place to invest. Typical emerging economy with increasing middle class, especially with a population nearing 200m. That can only result in increased transaction and boom in economy when managed well. Whichever way, our NSE na Baba.
I am not in naija, but believe it, I am one this forum daily (though I do not often contribute...sorry guys, just shy). I do not invest kobo in the country I am, but in Nigeria. I understand NSE better than oyinbo exchange, and nobody tax me 20-40% of my profit. Plus I cannot make a third of what am making on NSE over here.

Investnow2017:
I share the same sentiments. Who knows this might lead to meeting the goal of zapping away from this country prior to the upcoming elections with jumbo-size loot No be only me waka come Nigeria

drnelson:
you should learn to MYOB

i was talking to the person talking about aiico and not with you.

unless you be a barking dog who wan advise someone wey never seek you advice.

smh....

Fake Dr Nelson, you don’t even sound intelligent like someone who should be trading stocks. Anyway, we need someone like you to pump in imaginary 1bn so some of us can make profit. Many Lagos agberos have better manners than you, meanwhile, your interesting use of abbreviations makes me think you are probably a teenager who missed road unto this forum.

drnelson:
STFU who u be?

if i should not try it now then when should i try when the price goes up?

na your papa money i dey borrow buy shares? mthewww

This is not an acceptable response. You asked for opinion, someone gave a response. You then responded with insults and curses. I think you should apologize. Not cool at all.

Hello friends,
I need some advice here. I have some cash I’ll like to trade with for 3-6 months. Any suggestions on which stock might give best projected yield? Of course am aware there is always a risk and I can take some amount of reasonable risks (reasonable is the keyword here ).
Please help a bro.

Cheers.

Abeg BNSITL, any recommendation for or against use of Proshare's "The analyst"? Is their analysis worth that 50k subscription? Forgive me, I am one of those infrequent contributors, but I do benefit a lot from you guys! I pay serious attention to your gists.

House can we please put on our speculative hat for this. What do we think the trajectory of OANDO price will be? Will N10 be a reasonable exit price for short to medium term or that's too ambitious?

teeboy95:
i work with them. you need an initial deposit of 5M to trade with them.
their online trading platform is not like Morgan capital and the rest.

i have morgan capital as well and i have pulled all my fund out from stanbic. just peanuts remaining there for them and transferred to morgan.

its left for you to make your selection.
he good thing about Stanbic is that they can sell some kind shares that is hard to dispose off

I am with Stanbic, I think they are excellent. They usually manage to get my stocks even when it is difficult to buy, or sell when people are not really buying. The big part is you need to have at least 5m cash or share transfer.

I have to disagree with you a little. The fact that you lost millions on it means that some others made millions on it. OANDO is one of the textbook examples for a JIJO (jump in jump out) stock- if it rises, it must come down, if it comes down, it must rise again.You must not invest money you need urgently on it so that if things goes south, you either quickly jump out and lick your wounds or just wait for it to rise back up. The good thing about oando and some other stock is that it is always very liquid. As a rule, I do not go near illiquid stocks. What is the point if I put for example 2M on a stock whose daily sales is usually not more that 200k? what happens if I need to jump out? Na my only stock dem go sell that day?
For medium term strategists, I think OANDO is a bad idea, but for the long term strategists, I think it is very undervalued. People in 5-10 years will not believe that this stock was just above 3 naira this year. I know most people here are JIJO strategists, but stocks like these are good for people with long throat who have a high risk appetite, but also patience if thing does not go well in the immediate-term. It also means you should have access to money you can afford to leave alone for some time.
Declaration of interest: I have got my fingers burnt big time on oando, but then I have also made good profits both real and imaginary. Bought massively at <4 and 5naira. Waiting to bail out soon and reenter.

teeboy95:
lost Millions in this stock late last year..
can't touch that Oando even with a long spoon

Gentlemen, I have some few hundred k's I want to put in on a short term basis. What do you recommend ? Am actually already very loaded on OANDO and am not in a hurry to jump out, but this one is for JIJO. Am not a fan of over-diversification .
What do you recommend?

I loaded more OANDO yesterday, I hope it's the right decision. something tells me that the incoming government has little choice than to favour the ingenious oil company more in oil affairs. Also, oil prices has nowhere else to go but up (don't know when). OAND seems to be well positioned to benefit, moreso I think it is undervalued...just my thoughts.
However if things don't go well in short term, am ready for a long term.

Redoil:
i strongly believe some people were just playing and toilling with unity bank shares. Unity bank is predominatly own and controlled by northerners coincidentally they are the owner of nigeria and can do whatever they wanted.
Unity bank foolishness started immidiatily they were made to understand that power has finally return to the northern stronghold and i hereby authoritatively put the share price at N1.50k so that they could dilute the shares of other people to junk status i.e 5% and latter pour in money to acquire 95% for themselves and their brothers. Saibuhari

Nigeria has passed that level bro. The NSE is open to everyone, if you believe what you are saying, why not put in your money when the price drops, so that you will be part of those owning 95%.? I am not touching unity with a long pole for the time being. I hate stocks that I cannot exit from easily when I want -liquidity!

mercylicious:
Tolu, u are getting so serious these days. Try to smile once in a while. It helps u make better decision when u are at ease.


Morgan is a small stock broking firm that is trying to use technology and price to price out their competitors. I pray they enter the list sometime soon. But note, most big guys DT invest in NSE don't have time to use I trade like we do, no time to watch bid and offer and they likes, they assign this task to their brokers in big firms. Most of the them are investors and not traders. The big houses have analysts with large years of experience for better research and can do forecast based on present fundermentals

I use Stanbic IBTC, they are the biggest. The advantage is that most time they get me the stock I want and sell the ones I want even when I wonder how they are able to sell/buy. (eg I was surprised how they sold by unity months ago even when the stock was in the mechanic workshop). They also buy me stock at really good prices despite intraday fluctuations.
Now to the drawback, I still envy you guys with live trade. I have to wait till end of the day to place my trade...so old school right?

ucheson2:
Let me call on my friends and well wishers to plz go and sell more oando tomorow. I saw your efforts today which made oando depreciate to N19 during the first section but when we placed our mandate during the second section and others took advantage of it, the price soared. we can do better tomorow. Don't forget that our goal this time is to achieve 3% of oando with our limited resource. We must all therefore continue to work hard and keep communicating until our goal is achieved. Thanks and sell more oando tomorow.

Who is this baba? Do you think the NSE is your village palm wine joint? You are being super-ridiculous my friend.

Yem0350: It is as a result of cross trading

I sold some quantity today.

chukyjones: I use them too. They are just good. For account opening, your portfolio should be worth N5M, used to be N10M.

Yeah, portfolio or cash of #5m minimum

I have to say that I have no regret porting from cashcraft, Stanbic IBTC has been fantastic. If you don't mind the high entry price or no of transferred shares, I will highly recommend them. They seem to have a way of getting stock to buy or sell no matter how tight the market seem to be and at a very reasonable price. I dumped transcorp last thurs after a 35% profit and increased my Oando on Friday, it was sold at markets highest price for the day., They were able to buy me #3m+ worth of oando at 24.98, I bought a little more today and I still wonder how they got it at #25 after looking at today's trading pattern. Meanwhile, I instructed buying at market price to be sure I will get my transaction done.

Aks: I can bet it with anybody, Oando shares can't go lower than N25. I picked few units today @ N25.81

I have bailed out of Transcorp today, 35%+ gain is good enough for me. I'll stake it on increasing my Oando tomorrow, the price seem really good. I expect it to pick up from Monday.

I wonder why there is a sudden surge in volume of Ikejahotels nearly 23m from usual 300k? Any idea?

Country people of nairaland, whats your take on unitybank, I know it in car park, but the volume of trade is still relatively high, whats up with it? I have always doubted the fundamentals, but any sentiments?

[quote author=mr-cali]SO WHO TOLD YOU ABOUT THIS FORUM DOC[/quote]I was with cashcraft where I can call up my account officer and talk about what to buy(tho many times, I think my judgement seem better than his), but they got suspended and I kept wondering why my trades were not executed, they didnt tell me on time about the suspension, so I changed broker, now I have to source for info on my own, I decided to check NL, so I saw this forum

Audacius: Hmmm. The N5,000 investors should plssss not be discouraged though. Been there. Done that. One should just ALSO be happy one is in the market to play the "game". I remember the thrill of my first shares: 50 units of oando at 97.50.(2002±). What's that with the current goings-on! The "air-breathing, mama ejiro-going institutions" are the ones keeping the market alive I guess. And they are many! Lol

yeah, my first investment thru a stockbrocker was 2,500 as a medical student, I built up my portfolio then 2007 got fingers burnt like most people, I sold off and ate guguru with the money. One has to be brave, I re-enterred again, lessons have been learnt: don't be too greedy, join the moving train, cut your losses quick if you have to...follow some smartasses in a forum like this.
With the train of unity bank surge early last year, transcorp, later this year and currently oando, my initial portfolio has grown nearly 400% (inclusive of losses made on some other stock), meanwhile. I totally missed FO's bus, I didn't even notice it. If I had been on a forum like this, I wouldn't have.

[quote author=mr-cali]can pls explain how you made the million today oga[/quote]I bought 418000 shares at 24.24, thats 10.13m on 31st Dec, the next business day is today, it gained 10.23%, so thats 1.13m. Still trying to get a little more while watching the tide of things. I recently discovered this forum, and I think you guys are great. The info we share here is invaluable.

Toluway: since last week meristem just couldn't get me Oando while I watch it appreciating at least 10% everyday. This is rather scary.

I think it may also have to do with the stockbroking house too, my broker got still got me over 400,000 units, got only 18000 today tho. I joined the bus late, but it doesn't matter, still made 1m+ today

immanuello: Happy New Year to all my teachers,lecturers,guadians on this platform,i say a big thank you to you all.May this 2014 be more rewarding than ever for all of us on our nija bourse.
Mercylicious please how is service efficiency of morgancapital cos i want to swap to morgancapital soonest and how fast is their trade execution and do they reply mails or mandates promptly.Also,are they good in getting a stock cheaper for clients than others as compared to investment one that i currently use,even though investment one is very good by all parameters but they are not super for me interms of getting stock bought for me at my baba-ijebu price limit as being a proud value hunter.Advice is also needed from all my ogas in the house to contribute in helping your SON.

Stanbic IBTC stockbrokers are also very good, they execute mandates promptly, few days ago, they managed to sell my transcorp @4.69 on a day it closed at 4.50.

Hello shrewd ladies and gentlemen, I have benefited a lot from this forum. I just have a quick question, if you will invest up to 3M, on which stock will you put it? Willing to stay for 3-6months.

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