₦airaland Forum

Streetinvestor2:
I can't say about new registration but that moniker is older then yours when it come to stock matter. And that has always been his/her pattern of communication.

Ok, are his predictions correct? If so, let me sharply pull out my small millions.

locodemy:
You are right.This must be oracle.

159 Likes, only you . I don make am 160.

YoungBuffet:
Am a pro BAT but market will still tank, crude is going to $60 to me and budget pegged at $75, with the naira devaluation banks will record high none performing loans of dollars backed loans. So all I see here that motivational speakers are doing is to tell their audience to buy at any price that this administrationbull will take it to their desired future prices. Be fearful when others are greedy and be greedy when others are fearful. If oil sinks to 2016 price then people go sell their properties to average down.

The reasons you presented seem plausible at first glance, but if you look a little deeper, you will see that they are based on a number of assumptions that you are presenting as facts.

First, the Naira has already been devalued for a long time. The government has been subsidizing a select few players ever since. The #750 per dollar has already been factored into almost everything we buy.

Regarding crude oil, there are signs that it may crash, but there are also signs that it may rise.

Laso09:
Prophet utuocha is a very popular name. He has been around for a very long time.

Still, that account was opened a few days ago. Also, if you are Igbo, you would know that that name is offensive.

ProphetUtuocha:
I saw a cloud
Then, suddenly
The rain came

In the euphoria
Of the rain,
Folks got carried away

With a bang,
The shaking came
And the bears were merciless

You registered another moniker. What is really driving you? Are you acting in the best interests of other members, or are you nursing selfish motives? I believe the latter is more likely.

The fact that you disguised yourself with another moniker to pass the same message suggests this. You clearly believe that the market will tank, but like a typical human, you cannot bear to watch events unfold naturally. You want to influence others to follow your assumptions.

You are not alone; I see this behavior all the time, both online and offline. If left to you, you would manually push all stocks to red.

LordAdam16:
CBN has tagged that report as Fake News. Like literally.

https://twitter.com/cenbank/status/1664188877555355654

I still think this is a "where there's smoke..." situation.

It may be wise for those with huge $ holdings to shave off some of it. Buy back after the rate merging is complete. Tinubu has said there will be a single rate and that will happen in the near term. Rates fell as low as 705 in the black market amidst the panic. It's back up right now. But this is a prelude.

When it rains, it pours in the parallel market.

-Lord

Ok, Thanks for the info.

Zagee:
Official rate and black market rate will meet at some point(Unification). Unfortunately, its not happening soon as we don't have enough USD reserve to defend the naira(Even with Dangote's refinery). If you're thinking of bringing in your USD into the country, you should expect your yield on whatever naira venture you want to go into to be moderately high on a long-term basis. Else, its not wise saving those funds in any Nigerian bank.

*I did not advice you, I only made a comment.

I believe that the black market price of the dollar will come down to match the official price if the CBN opens up the foreign exchange market to all who need it. With the removal of fuel subsidies, the CBN can defend the naira at that price. Defending the naira at N461.6 is much more difficult than it is at N631.

All is not lost yet, and these moves can make us better or worse depending on how the new administration handles other factors.

phoinix:
I invest for dividends and long term capital gains. I try to buy low and hold for long. Can trading with 3M cover rent and school fees, I just need 1M yearly. Or should I increase a little.

You should focus on what you know how to do. Trading is difficult.

YoungBuffet:
Lolllllllll who is disturbing your dance? Is never a straight forward thing but it will surely tank if u like insult the hell out of me as they did to BAT is still doesn't change the fact before me.

So, you are 100% sure that you have all the facts and that you can convert those facts into realistic conclusions?

One of your conclusions is that I am insulting you

YoungBuffet:
Truth is bitter but never mind holding my Zenith 66. What is coming is beyond BAT. Is not a matter of doom Sayers. Newbies pls don't listen to motivational speakers ooo at this time.

When the market dips, one set of people will run around claiming that the stock market is finished and that they knew it all along. When it goes green, another set of people will take over the floor, brimming with optimism and claiming that it was meant to be.

Let's see who will dance tomorrow: the bear mongers or the bull preachers.

emmanuelewumi:
Accordingly to Stanbic IBTC Stockbrokers market review, today's gain is the biggest in 30 months and the second biggest in 7 years

If today's outcome is indeed an extreme event, one that hasn't happened in a long time, what is the likelihood that it will be sustained at the same pace?

It's possible that this whole thing is just a flash in the pan.

Caveat emptor: let the buyer beware.

yMcy56:
Follow your mind....
Follow your strategy........

You changed my post.

GANDALF1:
Boss, na you be the market technician na. You should be telling us your findings

Yes, I am an electrical technician, my own na to dey run wire from point A to point B.

GANDALF1:
When you see this type of advise from Agba, it means he wants to dump on you tomorrow (that's if he is not dumping on you already). Be wise

Tony Elumelu, through his investment firm HH Capital Limited, and almost all of his close family members, bought close to half a billion naira worth of shares in UBA (it may be more, that is what calculated) . I knew something was up. I was even wondering why now, when UBA was trading at far lower prices last year and even early this year.

Could it be that he got wind of something that was coming? Will this trend continue into next week and beyond?

essentialone:
Finally jumped out of the aeroplane of Glaxosmithkline.

For those who are still inside it, I wish them a safe flight.

I think the game has changed from looking for the bottom to enter the market to looking for the peak to exit. I don't think we have reached the peak yet.

thesilentone:
Fibonacci - One clip (out of 5) in a Makarov pistol.

It works.

Your starting point is based on your perceived direction of trend.

Hope this helps.

This market has been undervalued for too long, yield chasers are coming back.

Do you mean that if you fire 5 rounds from a Makarov pistol, only one bullet is likely to hit the target? Bro, that's only a 20% probability of success.

I do not even like pistols. I prefer shotguns, such as the double barrel.

sterlingD:
I have been struggling to buy Dangote Refinery Sugar

You may not be able to buy today.

If you believe that the stock is undervalued, then queue for a buy tomorrow morning at 10:02 sharp, at a price 10% above today's closing price.

yMcy56:
My post of Jan 26.....
FIDELITY sighted @6.16......
Dream coming thru gradually.......
Chai!! I won't be giving this dream out for free again...

As the bull market rages on over the next few days or weeks, we should remember to take profits.

I will start taking profits when my stocks hit fair value or 60 to 70%, whichever comes first. I am planning to hold only the ones I bought at a bargain just after the COVID low. How do you see my reasoning, mommy Mcy56?

thesilentone:
Day well spent.

I saw your charts, and you use Fibonacci ratios with the highest point as zero. How has this worked for you?

My whole portfolio is up 4.45%. What happened? Kilode?

igbizen:
I don’t think that guy started from page one of this platform he would have known the rules here…he is lucky Lazyyouth is on holiday.

Lazzyyouth has a thread where he can run freely. Please do not invite him to this one. I repeat, do not bring him here. We already have enough trouble here!

If I were the one calling him a clown, nobody would mind. But you are like a celebrity, so your words carry more weight.

emmanuelewumi:
Nothing wrong in describing a laughable request as being clownish.

I think they are trying to say that because you are a role model to many people, it is important to remember that you have a responsibility to be kind and respectful to everyone, regardless of their social status or intelligence.

emmanuelewumi:
It is clownish to expect an unsecured loan of N5 million for 6 years for a new business, the founder has not exhibited a track record of success in business or his personal finance, the founder does not have tangible asset to contribute to the equity of the start up business. The founder is also a known gambler


The bank manager will walk him out of his office immediately

Have you ever made someone lose their temper before? Have you ever tried to reason with someone when they suddenly raise their voice to the loudest, "GET OUT OF MY OFFICE! MY FRIEND, I SAID GET OUT OF MY OFFICE! WHO LET THIS MAN IN MY OFFICE?!"

Ginalex:
Please house is now a good time to buy Presco? What are your thoughts please?

@120?

Mankindman:
You do not need to be an Oracle before you expect a volatility.
Volatility is an essential organ of the market.
Cash at hand is meant for neutralizing the effects of volatility.
Do not run away when there is blood on no 2 to 4 customs Street Lagos, even, if the blood is yours.
It is extremely difficult to time the market and predict accurately when the next blood is going to flow at Customs Street Lagos.
The market is independent of the economy of Nigeria. During the moderate oil boom (2017 to 2018) it didn't impact the market much.
Despite the pandemic of 2020 to 2022, the market did not shed much blood.
Let us look at the last blood in Guiness(2020 -2021), it took less than 12 months to recover from the low of N13 to band N17. It started insidiously, then recovered gradually. This is the kind of isolated blood people should look out for and punch at any time "t"
Use your cash to buy the blood, even if the blood is your.
The expectation that the Naira will recover from the sledge hammer of the US$ is a wishful thinking. Be it global market crash or oil boom. Nigeria government do not manufacture dollar, the US treasury keeps increasing the interest rate/s in order to tackle inflation in the US, each time the interest rate increase/s, the CBN and other Reserved Banks pay more money to access the dollar. Nigeria is not the only country that faces this dilemma.
On this, saving moderate cash in forex is not a Bad idea.
A careful study of Central Bank activities show the (band) target exchange rate is heading towards N700 - N1000 /$.
This has nothing to do with Dangote Refinery or imminent deregulation of the down stream sector.
One may need to ignore the economy and focus on individual companies fundamental to become a value investor.
The market will always recover faster than we anticipate regardless of global economy and financial crisis.
At the last statistics, 60% of trading on Nigeria exchange in the last 6 months was done by local investors.
With the popularity which the Nigeria exchange is currently enjoying, we might see 70% trading by local investors in the foreseeable future.
The take home point is Buy or at least Hold when there is blood on No 2 to 4 Customs Street, Lagos.
Never run away from the market. Time is the best friend of Mr Market.

You expressed a lot of wisdom in your writeup. I have also reflected on Oracle's posts and Pa Ema's, among others.

One should at least apportion their assets to cash (or equivalents), trading, and value investing (especially at a great discount). Never go all in on any one of them at any given time.

I can talk more, but I have a headache from my deep reflections.

Oracle may be right when he said that this was not a bull market. If we compute the annual returns of the ASI, we see that it did 50% in 2020, 6% in 2021, and 20% in 2022.

For the first five months of 2023, it has only done 3.34%. All this full bid we have been seeing have not contributed much to the all share index.

Alternatively, we can argue that the heavy stocks remained relatively unchanged. These include the likes of dangcem, Nestle, Airtelafri, etc.

Agbalowomeri:
Elliott waves is a reflection of human psychology of fear/euphoria/soberness etc which will always repeat. It has nothing to do with voodoo

I may not have understood the message correctly. In his post, he pointed out that something big would happen in early 2020, but he was not sure what it would be.

COVID happened in late 2019 and early 2020, and it was the major reason why the market crashed. I may be wrong.

If COVID had not happened, the market would not have crashed in the same way. Did the Elliott wave cause COVID, or did COVID cause the Elliott waves to hint at the correction? Which one happened first?

RabbiDoracle:
Don't mind Peter. He is always like that. He finishes me on watsapp.

In January 2018, I warned that something big was coming. Got lots of criticism for it.

We bought around end of 2018 in tranches and into 2019 full time.

In January 2020, I still warned again that it is even bigger but don't know what it is. Still got lots of criticism for that.

We bought back in March 2020.

People made money.

The counter trend rally is always like that. People lose their heads.

Now I warn again.

This rally you see today cannot be compared to the January 2020 rally where brokers were calling clients to come and take loan. We warned it was a trap. The rest is history.

We are ending Wave 2 of what began in 2008. Wave 2 ends when oil crashes again.

I'm 60% cash - 40% equities. So all dividends shared so far, I got mine. But only warning that people should keep cash handy. It is coming.

Generational lows!

I was a little disappointed. I was expecting a more technical explanation.

It seems like you are using Elliott waves or some variation of it. Can I say elliott waves invariably predicted the COVID outbreak. This is because if the wave hints at a major correction, something in the world bends to fulfill its prophecy.

I think Elliott waves should be banned. They work a lot like voodoo.

yMcy56:
Well said @Emma.
Maybe as trader, someone like me needed to reduce the rate of posting daily activities that's much more related to traders mode of trading. Think I've actually been reducing it and will try more.

Newbies especially needs to embrace and inculcate investing habits with higher % goals on value... because some copies traders that knows their way around the market while they in turn do not know much about the 'tricks' that may be involved.
.....and the unfortunate aspect of it is that they won't ask those who knows road but will be doing trial and error. When odds are against them, they blame someone else for it.

You were writing so fast that your writeup became unreadable, which is very unlike you. I had to use Google Translate to understand it.

"As a trader, I may need to reduce the frequency of posting daily activities that are related to the trading mode of traders. I think I have actually been reducing it, and I will try to do so even more.

Newbies especially need to embrace and inculcate investing habits with higher percentage goals on value. This is because some newbies copy traders who know their way around the market, but they do not know much about the "tricks" that may be involved.

The unfortunate aspect of this is that newbies will not ask those who know the ropes, but will instead do trial and error. When the odds are against them, they blame someone else for it."

.

Mpeace:
With my initial holdings in transcorp, which I bought at .99, I was on over 200% gain. New purchases have done about 62%. I never sell one unit, and no intentions of selling this year.

I was talking about this recent corruption. If you have been in since the 0.99 days, that is good, more power to you.