₦airaland Forum

BullBearMkt:
BELOW 28.55 IS NB BUYERS LEVEL. CAN THIS BE ANOTHER OANDO IN THE MAKING?
Price has "digged" below 28.55 at 3 different periods and got rejected. Another retest most likely will face similar experience. Could this be NB all-time low?

RISK: Stock has been making lower-low and lower-high and "this" may continue to push price further down.

PLAN YOUR TRADES AND TRADE YOUR PLANS

In my opinion, people buying NB are basing their hopes on a company they once knew, not the current reality on the ground. NB will sell for 15 naira or below when things become clearer (negative equity already). It's a very risky stock; I would stay clear of that one.

Streetinvestor2:
I didn't say TA is pointing 30.I only said supposing TA is pointing 30 while my target buy period will expire by end of third quarter.
I don't even know what TA price for wapco. I asked agba to help check. You can help me check too.

Ok, my bad o.

Streetinvestor2:
late ke to the party.It is TA that is late if I was waiting. I went to check my portfolio after reading this your post.I have had wapco since imo River.My BE today is 18.50.It use to be far lower. It went up with many buy of last Yr btw 24-30.I have plenty afolabi units in it like sugar.The new buy is to accumulate more quantity. I have pencilled 7 stock for retirement. And it is on the list strongly for dividend. Sugar is equally on the list.The slight set back for sugar was not paying dividend last Yr.I have target of 9 figure dividend for retirement

In your post, you said TA indicated 30, but you claimed it wouldn't go that low again based on fundamentals. I responded to your misconception about TA, noting that it has been there for a long time to identify different entry levels based on charts. If you dismiss TA because it's suggesting 30 now, you're consulting it too late.

Or na only Buffet dey do FA for this world? They for full Forbes nah.

emmanuelewumi:
Making it is good, managing it is better, multiplying and keeping it the best but the toughest.


There must be a reason why Buffet has been on the forbe list for decades. He is the longest member on the list.


Some past names on the list are now bankrupt, some have committed suicide.

His slow and steady strategies need to be stidies by anyone who is interested in multiplying and keeping it

Buffett may have been lucky, actually. If FA was as effective as it's often made out to be, we would have seen many FA practitioners in the upper range of Forbes. How can we be sure that no FA practitioner has closed shop and crashed?

There are others with different strategies who have been notably successful:

Jim Simons (quantitative trading)

George Soros (global macro strategy)

Ray Dalio (risk parity approach)

Peter Lynch (growth investing)

And many others.

Let's learn to respect other means. There is no single way to make money; whatever way you follow has risks associated with it.

Streetinvestor2:
I stand with this one.The TA thing sometimes makes it look like you are trying to time the market. If you have fundamental sound stocks. I prefer you use the quarterly results as guide to your entry. Like wapco presently. I have a buy for now.I have been looking if it will dip to 35 or less but it has been hovering around 37.And I know if q3 results which is my target comes well .I may not see it at 37 again unless the fundamental changes for bad.So do I wait to buy at 30 as TA pointer and likely miss out if q3 comes out solid. This happened in preseco and total. I will not wait .I will rather be picking in small batches of dip below 37.This is how I operate my own on any stock I see giving me 50% in a targeted time.And my purchase time target is September as per end of q3 in mind

You are the one who is late to the party, not TA. After 2022, TA would have advised you to wait for it at 20, as there was support there from 2021. The other significant point would have been around 30, which is clear in the chart because that was the resistance throughout 2022. In 2023, that resistance was broken, and if you had WAPCO in your sights, you should have entered then.

As of today, support is at about 35 or below. If you can acquire it there, you should be fine. Set your target for 45 and above. But why do people try to dismiss what they don't understand? I respect all strategies, whether FA or TA; they all have their strengths and weaknesses. And, just as we have Buffett, we also have Simons, who made billions using technicals.

chimex38:
He wasn't referring to you at all..
I think you probably read out of context.
His comment was just a follow up to @willie2015.

and I just happen to fall in that category that think TA is a bit complex like Programming

If not anything, credence was even inferred and given to your programming method as more advanced not belittled in the slightest.

not a call for "ignorance" as you put it.
#Peace.

My guy, relax, you didn't get the joke. No dey cover for anybody. They go disappoint you o, last last.

Agbalowomeri:
Why do you think the post was directed at you? Because I mentioned computer programming? Be calming down. "Computer programming" was to emphasize "complicated". Please read the context before you respond

I wanted you to bleed. You have, I am happy now.

chillykelly86:
You are actually steps ahead of the pack by writing programs that can analyze the NGX. Those that trade forex are used to hearing "bots" trading. Those are actually programs. Though NGX may not be ready for such tech yet, there's no harm in being a pathfinder in that field.

What's funny is the ignorance some people show here. You're trying to make fun of me over something that you use all the time. From you posting this here to booting up your phone, everything is run by programs. Almost all we do these days involves programs written by other people.

Like I said, I forgive his ignorance.

Funny niggaz full here.

Agbalowomeri:
Even if you are solely using FA, TA will maximize your efficiency. I think some people think TA is computer programming 😂

LOL, I forgive you, because they say ignorance is bliss. You show Ichimoku and RSI here; did you do it with pen and paper? Don't you know you're running a program when you use your fancy technical analysis? What if I prefer running my technical analysis on programs I wrote myself, huh?

For your mind you think you are funny, LOL.

yMcy56:
My Oga, na for street i pick am oooo
Osita don use his ChatGPT analyse am since nah. 😁

Btw, some people don take @Mankind2024 jokes too serious ooo, make una dey relax abeg.
How does it even sound to divorce because of one faceless person wey he never see before?
Don't even know whether na man like Agba said. Lol.

Anyway Oga mi, I'm still open to that UCAP gift jare.....😁

Madame Mcy56, na u mentor me for nursery school oo.

ojesymsym:
That is the spirit of touching money talking there. There is a certain invincibility people get when they start making more money than they ever dreamed of and more than everyone around them. They begin to feel very powerful and start wanting to acquire even things they do not need for themselves.

So they see a beautiful woman and say to themselves, "I must have her", whether she is single or married, taken or not, they no longer care.

Money good o, but you can easily use it to ruin the lives of people around you if you allow it to intoxicate you. This is particularly true of Africans since we seem to always be in one form of competition or pepedam attitude.

@Mcy69

chunkuli:
Na your ride? quote author=ositadima1 post=131647830]Una go explain tire, no dey book profit just dey ride, lol,

Go and learn how to quote somebody first.

ololufemi:
I don't disagree with you on this one o, my brother but I think the dude has been more like a "Keyser Söze" from the movie "The Usual Suspects" over the decades.

His moves over several decades has been similar to that of the Zwischenzug in chess. It symbolises moves used by very smart chess players to even beat grandmasters at the game when they loose their guards or get greedy.

If an individuals can apply it to life, especially business and politics, they will outsmart over 90% of the people within their ecosystem by controlling the active areas of influence through deft moves.

ololufemi:
Many people underestimate the tactics of the President we have today and it makes me wonder why? The dude is cut from a different cloth when you compare him with others. From experiences with people and several discussions over the years, I see him as a the quarter-back of the smart major political elites including the favorites of many people. Just look at his deft move with the small lion lady who is poised to be the next CJ.

If you look at the antecedents, for him to have gotten himself on the Presidential ticket and seat, it is something he had planned for several decades when he became a Senator of the Federal Republic. Regarding the NNPC job, I believe that the President has chosen a replacement for the NNPC job immediately he was placed in and had control over Aso Rock. He must have also assured this person to be patient and just bid time to take over when the coast is cleared.

Have you not noticed that his godfather from the days of their Mobil parapo was a member of the NNPC board under Buhari and is the current Chairman of NNPC. He had also encouraged his supporters from various Oil and Gas companies, Legal and Investment Banking firms to move into NNPC since the days of Buhari in 2015 (I know a few of them who left big firms to join that corporation). It may be one of his joker to sell some of the shares from some of the subsidiaries of NNPC to the public and list them on the floors of several exchanges across the globe.

I see him most likely as the strongest political elite from the MKO-Tofa-SDP-NRC era that still wields so much power to control and protect the interests of many political and corporate elites across various Democratic republics and regime starting from 1992.

Many forget that he was instrumental in the Econet, Pension Reform Act, etc amongst other deft corporate moves that have happened over the years.

When these elites decide to play chess, we must watch and study the game from outside and not be caught playing draughts.

In other words, he is the "Michael Scofield" of our universe.

Raider76:
How are we sure those non-Oandobites, or NOANDOBITES, are not actually in Oando?

Point of clarification : Riding the Oando bus does not automatically make you an Oandobite. Oandobites are those who incessantly chatter about it out of fear. They invest too much emotionally, causing themselves great pain at any dip. If you approach riding sensibly, you clearly don't fall into this category.

yMcy56:
Lol.
Na dem start am but can't take the heat again.
Pls don't reply them again.

All this Oandobites, una no go kill person ooo.

toyeoye:
My simple statement must be too hard for you to process, sorry I can't help you.

Okey Sir!

emmaodet:
@ Oandobites

toyeoye:
English is a bastard
Again...
All sentiments are welcome

It doesn't seem so, or maybe you are selectively blind to what has been going on here.

toyeoye:
It's not unusual to have this much chatter about a stock that's trending. Saying this chatter and excitement is annoying others is absurd on a public forum.

All sentiments are welcome.

Why are you all Oandobites intent on silencing opposing views? Let those against it present their opinions freely.

Una go explain tire, no dey book profit just dey ride, lol,

yMcy56:
Pls Mega, no need replying every post.
Most of these posts are becoming monotonous and boring because it's same thing being repeated all over!

I think we can pls talk about other stocks.........while OANDO faithfuls can peacefully be enjoying this new era and the new found love.......😊

Let them continue to argue while the O&O shares continues to appreciate in price and break new grounds.
Our own na to follow pot belles chop. 😁

https://doclib.ngxgroup.com/Financial_NewsDocs/42055_OANDO_PLC-OANDO_PRESS_RELEASE_CORPORATE_ACTIONS_AUGUST_2024.pdf

It is the Oando chatter that is becoming monotonous. Perhaps you should create another thread for Oando alone. Let's discuss other stocks too.

You people are the reason for this oppositions; there's too much cho cho cho about one stock.

yMcy56:
@Omooloriredade
Thanks for all these clarifications...
Pls I want to beg you to stop replying Oga Emma, there's nothing you can explain that he will accept or agree upon in as much as he's against a particular stock.....the more you explain, the more he comes up with other reasons to justify his claims....
Don't try to explain or convince anyone about any interpretations again!

* Anyone that has worked in Oil & Gas sector before, especially in Contracts department and an O&G lawyers, will easily understood all those statements and disclaimers when entering or signing Contracts/Sales/Purchases Agreements.
They are industry standards!


You've tried!
Pls let everyone suit himself or herself on this matter and believe what they want to believe.........While the Company continues to forge ahead.
No need going back and forth again.
Thanks.

So u don work for Oil and Gas Contract department before?

brotherly:
This is your problem. Investment is a personal decision.

Those who haven't followed your lead on OANDO shares may have different investment strategies .... no be only you get sense.

All of you, more than 25 people I counted here including @undead, are posting positively about Oando. Why won't you allow the other camp to post their own opinions?

Must everybody sing praises for the same stock? Abeg, free the people who say eh go cast, why you dey try force ur own matter for other people throat, na so u dey do?

BullBearMkt:
FOR THE NASCON FAITHFULS
The first task for the stock to accomplish before a reliable rise in price to occur is for price to close above 35.75. A close above this level on high volume will drag price towards the resistance level (red highlight). From here, it is expected that price to re-test previous support (optional). A rejection at the support level, again, on high volume is the catalyst the stock needs to start a rally to the upside...

PLAN YOUR TRADES AND TRADE YOUR PLANS

I use Renko charts these days and eh dey sweet my belle. Since January 20-something, all the swing highs have never been able to break past previous swing highs, so I feel that breaking the last swing high at around 41 may indicate a reversal in Nascon.

Na that 41 i go dey watch.

Agbalowomeri:
So you sold GTCO already. We are headed above 40 Lol

LOL

emmanuelewumi:
200% in 4 years gives an annualized return of 31%.

20% annualized return in 10 years is a job well done

Stanbic IBTC, United Capital, GT Fund manager equity funds did not achieve this

You are comparing big investment houses with billions of naira in their portfolio, with somebody who trades 5 to 50 million. They are not on the same level at all. The smaller your capital, the easier you can take advantage of volatility. Those big companies mostly use FA like Warren Buffett, and there is no high-frequency trading in Nigeria, so they can't use that approach like their peers abroad.

Here is a passage from Reminiscences of a Stock Operator, by Edwin Lefèvre. This book recounts the trials and tribulations of the greatest speculator who ever lived: Jesse Livermore:

Not so long ago I was with a party of friends. They got to talking wheat. Some of them were bullish and others bearish. Finally, they asked me what I thought. Well, I had been studying the market for some time. So, I said: "If you want to make some money out of wheat I can tell you how to do it."

They all said they did and I told them, "If you are sure you wish to make money in wheat just you watch it. Wait. The moment it crosses $1.20 buy it and you will get a nice quick play in it!"

"Why not buy it now, at $1.14?" one of the party asked.

"Because I don't know yet that it is going up at all."

"Then why buy it at $1.20? It seems a mighty high price."

"Do you wish to gamble blindly in the hope of getting a great big profit or do you wish to speculate intelligently and get a smaller but much more probable profit?"

They all said they wanted the smaller but surer profit, so I said, "Then do as I tell you. If it crosses $1.20 buy."

As I told you, I had watched it a long time. For months it sold between $1.10 and $1.20, getting nowhere in particular. Well, sir, one day it closed at above $1.19. I got ready for it. Sure enough the next day it opened at $1.20–1/2, and I bought. It went to $1.21, to $1.22, to $1.23, to $1.25, and I went with it.

I couldn't tell whether the breaking through the limit would be up through $1.20 or down through $1.10, though I suspected it would be up because there was not enough wheat in the world for a big break in prices.

The price went beyond the $1.20 mark. That was all the point I had and it was all I needed. I knew that when it crossed $1.20 it would be because the upward movement at last had gathered force to push it over the limit and something had to happen. In other words, by crossing $1.20 the line of least resistance of wheat prices was established. Copied...