₦airaland Forum

ebuka1997:
They weren’t in a bubble like tech, since the March crash tech has been seeing 300% increases but oil has been stable so there’s limited downside compared to tech.

Yep. And I expect the Robinhood crew to come and meet me in the gold and oil party

dinyelutochukwu:
Bitcoin in my opinion is going to dig below that $9,000 mark but definitely won't get to the lows experienced in march.

I wish I had the balls to invest in bitcoin sha.

I envy you guys.

#TitaniumBalls

ebuka1997:
I’m prepared to hold zenith bank for years so I’m not worried again. This result is impressive

In the next few months, after gold hits $3k I'll start coming back to the NSE

ebuka1997:
To be honest, I was afraid before the crash.. on Wednesday the signals were showing. I quickly got little puts into Wednesday. It’s a bears market there now, tesla is down 6% premarket already

Ninja. Oil stocks in Europe seem to be doing well......

ebuka1997:
I’ve played the NYSE na time for nse now, zenith bank all in!!

I agree the time to come back to the NSE is close but I'm waiting for one last collapse in the Naira.

RabbiDoracle:
Yeah. But it is called a headfake.After a while, it will drop to continue its direction. It will spiral out of control as equities spiral as well.

Oh, I pity the fool who listen to you *In Mr.T voice

RabbiDoracle:
With 5 for 1 stock split done by Tesla, the $278 is now equivalent to $55.

It can go lower oh

RabbiDoracle:
I hold 1 of the stocks. Been holding for long.

But that doesn't mean it will not fall back.

Gold has just gone to the market to buy shovel. Digging continues today.

You know gold is up right now

RabbiDoracle:
S & P VIX is now at 30.

Please leave US, EU, Asian equities now. Please.

This is an exit call to abandon foreign stocks, bitcoin, gold, oil.

VIX will need to spike to 95 ultimately.

The assets (equity, bitcoin, gold, oil) fall has started.

Na now you go know say Ninjas dey this game. Nothing is happening to gold and silver. Oil may fall but believe me owning Exxon or Total will give you better returns over the NSE in the next 12 months

RabbiDoracle:
Once there is a selloff and the algos join to intensify the sell, there are usually no buyers. At that point, there is liquidity issues. Because money isn't exchanging hands anymore. Hence the freeze.

In order for investors to settle their margins trading, they sell anything that can be sold. Gold, bitcoin, oil. Just to free up cash.


That is why when equities fall and a freeze occurs, they face other safe haven to unload them for cash.

That was why I told nosa2 that Gold will first fall massively before it will stage a comeback.

I'm trying to understand how gold take fall

Jejebabaa:
When u see oil prices crashing and u have forex u don’t want to put in equities, the best thing to do is to lock it up in dollar funds to at least preserve your capital from losing value after devaluation.
It’s also a way of diversifying your assets and for someone that also have forex expenses.

Every Nigerian has forex expenses. Most just don't know it

Jejebabaa:
Oga Nosa, this is overly optimistic about the oil price sir. There is no fundamentals now and in the nearest future to even justify $70 of oil. The future of oil is gloomy.

No wahala. Make we dey look

DrAwo:
What's your time horizon estimate?

Time horizon ke, I'm not rushing anywhere na. it's not like I'm in immediate need of the cash.

So I don't really have a time horizon. I have a price target of $3k for gold and $130 for oil

RabbiDoracle:
Bros, forget demand and supply. Global markets are rigged. Once you can accurately predict what they want to do, you will just be making money.

Gold is gonna fall and fall hard. Then the herds that are buying now will go and sell and depress it more.

It is after that time that the smart investors will enter again backed by media and start phase 2 of the move. If you look well, media assists in this bull/bear herd events.

Time will tell. My bet on gold is paying off nicely. I'm currently betting on a rally in oil

RabbiDoracle:

https://www.marketwatch.com/story/buffetts-berkshire-buys-gold-miner-barrick-slashes-wells-fargo-and-jpmorgan-stakes-amid-coronavirus-2020-08-14

Enough said

lancee:
https://www.abokifx.com/news/nigeria-s-exchange-rate-to-be-devalued-to-n550-1-as-investors-ignore-cheap-equities-nairametrics

Bring it on beaches

meine:
@nosa2 and stcool, please can you move the employment discussions and Crypto talks to another thread. You are starting to derail the thread.

I'm no longer responding to anyone

Adayoung:
Good day
Please give this brother a chance.
He is smart and might be right for the job.
This is his email
Xxxxxcc

Sent

CashDiMkpa:
Funny isn't it? A few posts away you said you could work anywhere and here you are ruling out the first chance you got because you didnt do computer science.

Tffhjfcvjkgvjkfcvjifcjifvjifcjiffhikbdsettv

Pattypatt:
With all due respect sir, those questions are too complex. I have no idea on how to answer them. I didnt study computer science.

!xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Pattypatt:
Personality questions. Okay. I will reply.

Maybe you should read the email first

Pattypatt:
I'm a bit confused here, is it a job or a questionnaire?

Xxxxxxxccccccxxxxxxxxxxxxxxxxxxxxxxxx

Pattypatt:
sent

Xxxxxxxxxxxxcccccccccxxxxxxxxxxxx

Pattypatt:
xxxxxxxxxxxxxxxx@gmaxxxxxxxx

I advise you delete now

Pattypatt:
I can relocate sir

How do I get your email address?

Pattypatt:
East

Ok

Pattypatt:
Good day nairalanders, I'm in dire need of a job, I hold a 2_1 degree, I'm hardworking and smart, I can work anywhere too. Pls help me. I'm tired of staying at home

Where are you located?

ositadima1:
Like someone pointed up there I may not really know what am doing yet.

These are a few I have read:

* Trend qualification and trading.
* Trend trading set-ups.

* A trader's money management system.

* Why stocks go up and down.

* Rule #1.
* Value investing for dummies. (This one I will start this weekend)

* The little book that beats the market. (I used the concepts in this one to buy Vitafoam, Caverton, and redstarex. My Caverton is in d red sha)

* NSEMPA.

Let me give you a little secret; nobody knows what they are doing. Everyone just has a strategy and they stick to it, until they don't

ositadima1:
Qwention I ask u, u no answer. Please read d book first before putting out erroneous comments.

Just so u know, if I strictly follow Rule #1 no stocks on the NSE would be worthy. No stock I analysed so far, passed the big five test. The valuation method he detailed in d book, is too conservative so much that u can hardly see any stock on the NSE trading close to that price.

Dem use Juju hold you for NSE?

Best thing you can do for yourself as a Nigerian investor is not to invest in assets dependent on the Nigerian economy.

The world is a very big place and thanks to technology you can access it from the comfort of your home. Don't waste that advantage

ositadima1:
I don hear u nah. I maintain that reading is the fastest way to achieve mastery.

Before February 2020, I knew zero about stocks, but I am currently 40% up on some of my investments with zero school fees. If that doesn't impress you nothing will.

It is a jungle alright but same rules ( risk-reward, TA, FA etc. ) apply.

Read Investment Biker by Jim Rogers. It would change your life

RabbiDoracle:
I'm cool bro. Thanks.

Just watching gold searching for oil.

I really pity Nosa2.

Depends on my entry price

Intendy:
Stocks with new 52 week lows

International brew #3.15k

Total #79.10k

CAP #15.40k

Interesting