₦airaland Forum

austinkenneth:
Those that sold yesterday got it right and are in pole position to control future JIJOs within this month.

(1) They sell the bid, the price starts crashing (full offer) for days....This played out yesterday
(2) you panic and sell 10-20% below the price they sold.....This is playing out today.
(3) they come back to repurchase at lower prices (afterall the fundamentals of the company is OK, and they believe in the company more than you,but if they can get lower prices, why not?)
(4) they are done with repurchasing, price starts to increase due to their action.
(5) You bite yourself, I bought and then it crashed, I sold and then it rose. Something is wrong with me. I'm operating under a curse... etc.....
(6) You jump in again with others like you---> Full bid and they sell on you
(7) The cycle continues. Some in virtous cylcle. Some in vicious cycle.

By the end of the game, wealth would have been re-allocated. Some will be on top while other will be below.

Wealth would have been not necessarily created nor destroyed but transfered from one person to another.

Remember the transfer from one person to another is not 100% efficient just like energy (brokerage fees, brokers smiling to the bank)

My advice is: If you have a fundamentally sound stock and you missed participating step 1 above as the seller, do not partake in step 2.
That may lead to vicious cycle. Take a chill pill and re-join the game only from step 3 or 4.


*Modified again*

Coolcash1:
I pity those who because of the flash bull run invested in dead stocks like skye, unity, wema, wapic, japaul, nem, etc....OYO na their case...

feelamong:
OANDO is only for the strong hearted...Be Audacious!

Those who win here always win big!

feelamong:
"He noted that the group has deleveraged its balance sheet through the divestment of its upstream services company, Oando Energy Services and embarked on the expansion of its retail and gas footprint through a strategic partnership with Helios Investment Partners and Vitol Group to recapitalise its downstream business for $210 million and the $115.8 equity buy-in of its Gas and Power business by Helios Investment Partners".

He said the company was considering raising some N40 billion in new capital.

skedman:
i am not supporting the governor for stealing the treasury but the fact that he has invested it in nigeria however,it is a plus. All these half baked graduate on nairaland employment opportunities is not just the staffs alone it include the contractors that built the hotel who may have more than 50 staffs,the sand suppliers,borehole,aluminium, and lots more and when the hotel is finally ready the diesel suppliers,fish,turkey, chicken suppliers , the market people at large ,apprentice and many others will benefit . Can you now tell me the jobs it must have created for the people . I think most of you are lazy and your brain is only limited to being a staff and not a supplier nor a contractor.

feelamong:
http://thenationonlineng.net/oando-take-port-harcourt-refinery/

The Federal Government has entered into a Memorandum of Understanding (MoU) with Nigeria’s largest indigenous energy group, Oando Plc to manage the Port Harcourt Refinery under a repair, operate and mainteain (ROM) arrangement.

Chief executive officer, Oando Plc, Mr. Wale Tinubu at a presentation on the underlying facts of the group’s operations at the Nigerian Stock Exchange (NSE) yesterday in Lagos, said the group has received approval of the government to oversee the Port Harcourt Refinery.

“We also got approval from the President to repair, operate and maintain the Port-Harcourt refinery together with our partner Agip. We plan to increase the refinery capacity from 30 per cent to a 100 per cent, subsequently to 120 per cent,” Tinubu said.

Tritri:

while i was digesting and wondering where was i when uba was selling for 2.75 LAST YEAR...then u posted again about STANBIC then i realise BOSS pass BOSS ..Oga pass oga...after 2yrs i never make 50%....who did i offend Aberg forgive me ooh...

leo1234:
I threw away my UBA @5.65 before closure of register with reasonable profit though.

lancee:
NSE very sweet for past few days , always remember not to call Nse Gambling house and discourage others when the bear show face


Happy for all my BNSIDL ..go enjoy ur looted funds

woodcook:
nagode

woodcook:
bros abeg any suggestion on where make I put the small change I just collect from Oando?

BullBearMkt:
...when newbies are even making over 80% profit in OANDO just by listening to intelligent advice, then who's scamming who? Market is all about right time - Timing

Intendy:
http://punchng.com/investors-with-fake-names-to-forfeit-shareholdings-sec/

austinkenneth:
The markets will always be funny. Stocks that nobody would touch with long pole are now darlings.

The next thing now is to determine before hand the exit strategies, and stick to them.

austinkenneth:
After the delisting, the conversion factor from Ashaka to Lafarge shares will 57 of Lafarge for 202 of Ashaka plus N4 for very new Lafarge share.

If Lafarge is N46, Ashaka should be around N13. The two should move in tandem. Lafarge started moving before Ashaka thats the reason for the interest in it. But Lafarge rights issue has blunted the interest.

pluto09:
They have all been mentioned at a point by members on this forum.
Ashaka cement which I later found out might be delisted from NSE anytime from now. Hence I have removed it from the list.
Others are;
CCNN
Presco and
Okomu.
And just like somebody observed, price appreciation on these stocks might be slow but they represent great value at the current price in my own opinion.
We must also put it at the back of our mind that these type of stocks might not give the best returns in a bullish market.

And lastly,everyone should do his own dd as this is not a recommendation to buy.

woodcook:
Thank you! bros please what is your opinion on the effect of that on the stock price tomorrow; do you think it will impact the current trend positively or not? No vex i be jjc for this market ooh.

woodcook:
Please I came across a gist about Oando going to NSE tomorrow, any has an idea what it's all about? I will appreciate an info on that.

Thanks in advance.

PETERiCHY:
Both TRANSCORP and FIDELITYBK will soon cross the 2Naira mark, the jet-fuel in their tanks are MASSIVE.

*ThE OcToPuS*

Princkez:
uncle PETER...were art thou, TRANSCORP ooooo

lancee:
Be like say FO still dey sick , the thing no move at all

”The president has been waiting patiently for them to resign,’’ The source stressed

Intendy:
will try but service is down.

Oando is coming for right issue.