US STOCKS DAY TRADE PICKS!
The pre-market is heating up and I’ve got my eyes on some movers.

Here’s what I’m watching today!
✅BATL Long >4.75 Short < 4.45
✅XPON Long > 0.1372 Short < 0.1252
✅BNZI Long > 5.59 Short < 4.62
✅LFLY Long >2.75 Short < 2.40
✅TNON Long > 6.80 Short < 6.60
✅GDHG Long > 4.41 Short < 3.88

Decide when to take profits based on price and volume action.
Happy trading.

megawealth01:


Did you say shareholders forum/association? Does Nigeria have any that's checking these companies?

I feel those parading themselves as association are probably on the payrolls of these companies?

At the moment, whatever exists is a farce.
The good old days of shareholder rights protection is long gone.

Raider76:


I think there should be a gov policy to make such companies list to grow the NGX, just like the Buhari gov got MTN to list.

Btw did you see them declaring N300b profit? If they were listed it will be loss they declare with all sorts of excuses like FX losses. The ways companies cheat investors and escape taxes is too much.

This is where a vibrant shareholders forum comes in.
But that aspect of our investment community has been polarized and watered down badly.
I remember the days of Sunny Nwosu and co in the 1990’s who would fight for shareholders rights and corporate activism to keep management of listed companies on their toes and instilling corporate governance.
All those things have been destroyed by brown envelop tactics.

Raider76:


Let them relist on the NGX for retail investors to benefit from all that N300b profit.

We should have understood these people by now na.
They only came to the market when they need funding that’s beyond their capacity.
And when they make enough money and the future looks much brighter, they have a rethink about their existence on the NGX and delist to go private and enjoy alone.
We too now have to be smarter and play the game with them accordingly.

Omorwumi:
Pls I need recommendations on US stocks to buy today

You have to be specific about what kind of stock.
If you dive into the market just like that, someone may recommend a day trade stock for you that could lead to quick losses because you who requested it was thinking of a long term investment.

Omorwumi:
Sir do you have group for US stocks to buy sir

If we create a group outside here, we effectively shut out many new members who will come looking for us here and not meet us.

Omorwumi:
I need best app to trade US stock

If you are in Nigeria, it’s either of Trove, Chaka, Bamboo.
Do your research and decide which to use.
Otherwise with a minimum of $2,500 you can use Tradezero.

aremso:
Good day guys, being a while. please is there any broker in US that accept nigerians

The one I know is not exactly I. The US but accepts Nigerians as long as you can start with a minimum deposit of $2,500.

aremso:


Bro welcome back, appreciate your creation of this forum where millionaires are made. Kudos. Also thanful to yok for making this space lively, being a while i came here.

Baba,
Thank you for your kind words.
Very pleased to hear from you too.
We are back, better and smarter.

Alaska90:


Chairman you are welcome back....Good to see you again.
Thanks for creating this forum oh
And I hope that your coming back now will bring life back to this board especially with your morning trade suggestions.
I hope the other older guys will also return.
Thanks

Thank you very much bro.
Very glad to read from you.
Better days ahead.

BullBearMkt:

...what of Oba & Ote$ rumuours?

They are the reason it can even climb to even N50!

yMcy56:

The whole OS is barely 1.2bn even with the bonus inclusive...
66.14% of it belongs to substantial, Directors and influential shareholders while,
33.86% is for free float.

In my opinion, lot's of patience is the key here.
Let's allow the itchy fingers dump finish if they choose to, then the patient ones should wait for the company's next move.
* Any dumping/fall will be an opportunity to pick more.

Q2 2024 Shareholding structure of 253million OS before bonus addition attached.

Very good work.
Well done Mercy.

megawealth01:


Being an entrepreneur in Nigeria is demanding. I celebrate all NAIJA entrepreneurs that don't have government connections but still thrives

Here has a lot of structures that encourages job creators compared to NAIJA

Naija will not cease to confound logic.
Just leave her matter.
When we ready, we go know.

Sunrisepebble:
FINAL and FULL info on FMN, as it is no longer classified info and has spread far and wide within various circles, the coy wants to delist from the exchange. And will ofcourse purchase at a premium. The premium was set around #70 while the stock was trading ~#45, however with recent gains, it will be revised upwards. HONEYFLOUR will be included in the transaction, as they want to delist the two entities, consolidate and then list again as a new entity. Purchase price for HONEYFLOUR, I am unsure of. Congrats to all those who listened to the initial signal

Well done for your consistent insight trail on this deal.
I think more update awaits and will be unveiled when they disclose further details of the deal.
If you get more details before they make it public, it will be nice to know what they intend to do with NNFM as FMN owns 53% stake in NNFM.
Will be interesting for those here who may not have capitalized on FMN and Honeywell to swoop on NNFM if the structure of the deal favours shareholders of NNFM also as it does Honeywell shareholders.

emmanuelewumi:



Uche is now born again, he got gonorrhea from one of his side chicks.. Since he got cured few months ago, he is now sober apart from that he is now in his 50s and has decided to get closer to God.

Unfortunately people are still very skeptical, let us see as events unfolds

OakPearl:

You have been amazing.
I mean your consistency and steadfastness on this forum is very impressive and inspiring.
Well done for all you do.
As a welcome back insight, keep an eye on RUN.
A perfect swing trade set up between $17/$18.
I will be updating as the stock progresses.

RUN hits $20!
Hope you’re making money?

IYGEAL:


Yes o.

Especially as it seems dem dey listen and act when he talks

What is happening between the Dangote Group and NNPC is a case of incompetence meeting head on with competence and precision. Accountability and business integrity meeting with a system where deceit and lies form a core ingredient of existence.
Any one swapping jobs from Shell to the Nigerian civil service will easily develop migraine and BP due to the huge golf in standards and procedures.
The sudden grey hair on Alhaji says it all.
If that is his sacrifice for this country, may Nigeria be liberated finally.

designking:

@megawealth01 is one of my favorite person on this thread... I made some real cash from his picks and cautions.

Abeg should I sell my FirstBank stocks now? I have already made almost 40% on the recent rally. I can't seem to find why FBNH has been rallying and I doubt if the recent price can be sustained.

The powers fighting for the soul of First Bank is responsible for the price rise. Two of the chief characters are Femi Otedola and Oba Otudeko. Currently based on performance, they are not near UBA. Imagine them paying a dividend of 40 kobo and delaying it up till September when their peers have already paid final dividend in May and about to pay interim this month. As long as current value is concerned, UBA should be selling for around N30 ahead of FBNH but indeed the market obeys money so money is chasing firstbank irrespective of their fundamentals that’s why.
This fact is not meant to be viewed as an attack on First Bank which myself was once a staff of.
Simply unemotional post, because in this market, separate emotions and be at peace.

megawealth01:


The possibility of NS/DS to continue going south is still viable until a major development happen for them...

Bargain hunters be prepared for a kill

We go dey load am at every giving opportunity

If you ask me, that’s my plan too.
To load up more at any further dip despite my initial entry price for Sugar at N9.

Agbalowomeri:


Chai this man wicked o

No worry.
We will not forget your impact both on and off the field.

designking:


That is what most people here don't know. Dangote does business of scale and the singular reason the cement, sugar and salt businesses slowed was because Dangote Refinery.

No doubt about him doing business of scale, but I don’t think it’s the refinery that slowed the other businesses down.
He is organized enough to multitask his vision for the group. For cement, I think it will take some time for us to see what Otedola saw and racked up the much he invested that ballooned the price from around N300 to N700+ between last quarter of 2023 and February 2024.
Upscaling vision for Sugar and Nascon businesses (Dangfoods) slowed because of the hitches with SEC on the merger approval. That in itself is now only a delay that will soon be done with as I hear there’s enough reason to include rice in the deal. They are dotting the i’s and crossing the t’s.
I won’t be surprised if supplies for both stocks begin to wane.

Agbalowomeri:


Na only cube of sugar my brain fit reason abeg

I no surprise oh, na you gather modules of garri the last time.
Abi no be garri dem dey use follow soak with the cubes of sugar?

Whenever you hear Dangote Sugar, stop thinking of cubes of sugar. Remember you are talking about a refinery!

Happy Monday!
FOR TODAY’S DAY TRADING PICKS ONLY.
Here’s what I’m watching today in the US market:

✅BBLG Long > 1.31 Short < 1.12
✅DRMA Long > 2.57 Short < 2.27
✅NCNA Long > 7.13 Short < 6.23
✅XCUR Long> 2.70 Short< 2.43
✅VRAX Long> 4.10 Short< 3.52

LWAY is a long term fundamentally sound stock.
Currently $21.88, if it ever touches down between $19.60 and $16.63, will be a good entry.

Mkay15:
Please, is it possible to register with more than one broker? And Implications of having two CSCS and CHN Account? Thank you

It’s your money.
Not unlawful.
But for ease of management, one CSCS is usually advised. If you have more, it’s not a problem as long as you keep track of each account.
Same for CHN which implies you can have more than one broker too.
The advantage is you have the opportunity of an alternative if one is faced with challenges of maybe accessing the NGX platform occasionally.

yok:


We welcome our GO (General Overseer of this forum) with 21 Gun Salute

I am surprised that no one noticed or comment, probably he sneak in at a time when market is in a challenging mood.

Nevertheless we welcome him and do not be surprised when we start seeing positive market movement as our GO is back. I am sure he has come with a load of miracles for us.

We say welcome Sir. We have been keeping the forum active and we will continue to do so for the foreseeable future.

You have been amazing.
I mean your consistency and steadfastness on this forum is very impressive and inspiring.
Well done for all you do.
As a welcome back insight, keep an eye on RUN.
A perfect swing trade set up between $17/$18.
I will be updating as the stock progresses.

BullBearMkt:

Chief OakPearl, I hope you're doing great!
NNFM is experiencing selling pressure. Current price at Jan 2011 support. IF this support cannot hold the price, then there a subtle hurdle between 32 & 36 before jumbing to 30!

Doing very well thank you.
Nice to read from you and thanks for your swift response.
Keep up the good work bro.

KarlTom:
Actually, FLOUR is yet to gain a kobo while HONEY is currently +10%

Is Flour so illiquid OR

I am thinking it has a lot to do with the hint @Sunrisepebble dropped.
Broker to broker cross deals might be happening, with a few retail-retail investor’s transactions.
But in all, when a stock goes full bid, no one wants to sell.
I haven’t checked the free float though to answer your question fully, but I recall Flour’s bull run from N18 to over N40 some years ago. Noticed the illiquidity then too.

Now that Honeywell flour mill has followed FMN in entering full bid, could it be the turn of NNFM?
A quick check shows NNFM is on full offer, even though they have a net asset per share of N36.90.
At today’s lowest offer price of N39.15, might not be too bad an entry for the FA purists.
The risk in it is that it’s on full offer, no bid at the moment.
But there are offers higher than the least price.
Meaning once the least price is cleared, there’s a tendency for attention to be drawn to it.
Flour mills (FMN) that is on full bid now actually owns 59.6% of NNFM.
BBM the great, what sayest thou thine charts on NNFM?

yMcy56:

How could you forget our one and only Customstreet?
Sometimes, I do feel Sunrisepebbles is somehow Oga Customs self....

When we tell them to tone down on their rude and careless posts, they turn it to attack......
You won't believe the kind of personalities here and even those our Ogas on top....
@CP, Oga Oracle, Oga Wanaj0, Oga Emma, even Agba and quite some others with simple monikers that one can't even imagine.....some don't post, some it's once a while.....
You know say I don tey here small...

True, true, you don tey here with those monikers mentioned.
You dey try!

The market is a voting machine in the short term, but a weighing machine in the long term.
Feels great to be back at last!