People still board Dana..
Toor

aremso:


That is why u have to stick to the strategies that works for you, I can trade any stock even if they are going to do RS what matters most is the entry level before reverse split and the numbers of free float after the RS. I mentioned a stock here sometime around last year AKA, I have kid lady friend who I mentor she bought AKA and they did RS as at last time she screen shot the stock she was already on 85% gain after the reverse split. If you enter a stock at 0.70$ the stock gets to 0.20$ before the RS is done and post RS free float is still around 20-30m sure they will shot the hell out of it and and you will loose and even wtout shorting u will still loose because u bought higher before the RS and numbers of from float. If a stock is doing a RS and will have free float of 400-1m post RS is hard to short it down any how rather they pump for like 2-3days then short the hell out of it. Check this stock RENT after the RS the stock has done over 300% reason the free float now around 1munits AKA is even a slow mover with free float of 900k+ check egio has done pump up after RS post RS free float is 3m+ so it depends on the free float figures after RS. If a stock has free float of 400k post RS any little positive info they will pump to 500%. Check HOLO chart in Feb and see the movement it has 1.8m free float and small news triggered over 3000% massive up. For like 2weeks but one thing is it will surely come down so know when to pull out. That was why I stated earlier, Support and Resistance is very key when buying stocks. If I bought at 0.20 and u did at 0.80 they can still pump to 0.30 before RS and I can still gain well after the RS. Typical example I was averaging down FREQ from 0.65 to 43 cent, some one here bought at 0.33 made more money than me after the RS and merger in terms of percentage gained. TCRT I bought at 0.09 they pumped it to 0.27 before reverse split they person that bought at 0.25 can't escape the shorties gun but me don Japa wit over 100% gain

Yeah.. I get you sha.
Thanks

aremso:
Just looking at FOXO now and possible thing that may happen, they currently have 8m+ total shares and free float of 4m+. Possible scenario:
They will do RS of 1:10 which will bring the free float to 450k units then they will pump to stupor then do dilution before the share price goes down just like HOLO wit free float of 1m HOLO was pumped to 100$ before flogging now going back to 2$. Just assumption oo cos I usually look at worst case scenario. Newbies known when to leave in such case else you becomes bag holders

Just my own analysis ooo

Your DD applies

Hmm..
I've learnt to avoid stocks with possible reserve split o.
The shorting no be after after the RS day o..
Toor.

jafsumar07:
This is to appreciate all the movers and shakers of the group. May your portfolios continue to grow.

I need a recommendation in respect of a broker/ platform in Nigeria that allows premarket and after hours trading of US stocks.

Thanks.

Nigerian based?
I'm sorry none.

delvzy:
WEEKEND RESEARCH;
To all who wish to take part in this short-term educational-based research, feel free to contribute.

THEME; FINDING WONDERFUL COYS ON NGX THAT ARE FAR BELOW THEIR INTRINSIC VALUE

The question I'd like to put for is this; Based on the given metrics below, what stock or stocks have a high intrinsic value?
1. Return on Net Tangible Assets (RONTA)
2. Return on Equity (ROE)
3. Profit Margin
4. Earnings per Share (EPS)
5. Debt to Equity
6. Free Cash Flow (FCF)
7. Capital Light i.e Businesses that do not necessarily require extensive capital to operate.
8. Retained Earnings

DISCLAIMER
This exercise is for educational purposes to the general public. This shouldn't be tagged as financial advice

Which website can you find this fundamental metrics of Nigerian companies please?

CPI today.
Pray it gets softer than expected.

The market is ready to react to any news.

aremso:
Take note of this stock:

KTRA, they are margin with another company, the price is low at this current level in my own view. I mentioned FREQ here when they wanted to merge with korro and after the merger and RS, post merger and RS price was $14+ the stock moved from 14$ to $34 I pulled out at 34$ from 34 it gradually moved to 98$ if I had known I would have not sold. Same will likely repeat it self on KTRA

For those who wants to confirm post FREQ merger ticker name, is KORRO Bio


Your DD applies

Thank you drawing us in on this. I think it would be a big one. Though, I'm still researching more on it.

The merger with TuHURA bioscience, who is already in phase 3 of immuno oncology trials and would be an all stock acquisition.

Currently TuHURA is not trading in the stock market and we can't evaluate the company. But even at that, KTRA is about to break out. I think I like the chat.

Like the OP said, DD is vital.

waternogetememy:
LET ME PUT THE REVERSE TO YOU HERE.


IF UK IS MISERABLE, HOW IS THAT NIGERIA BUSINESS?


NIGERIA DOCTORS ARE STILL BUYING MANSIONS IN UK AND LIVING WELL WITH THEIR FAMILY THERE.


U WANT TO DISCOURAGE THEM FROM LEAVING?


THIS IS A BIG FAIL, THEY ARE TOO SMART AND EDUCATED TO BELIEVE SUCH LIES.

Buying mansions ke?!

yok:
WHAT DOES THE MARKET HAVE FOR US TODAY:

MARKET PLAN FOR 3 APRIL 2024
Looking at the activities in the early morning/Asian season. Highly probable that we see some recovery today's as per the pre-market gainers having some heavy weights [/b]from S & P 500 showing up in the gainers list.

Also looking at intermarket analysis, GOLD still has some postive move to make, while Oil
looks fairly weak.

[b]Happy day to all. Again we remember our GO (OAKPEAL) today. God should continue to protect him and the anointing to read the market should increase and for us (AREMSO, ZAGEE, PENBOY & Others that I have not name) let us keep the flag flying "THERE IS MONEY HERE"

We thank you for your work boss.

An earthquake in Taiwan already?!
How would your Semi conductor position fair over the coming weeks?!

For me, I'll be avoiding stocks with High PE during this second quarter. The market is sitting patiently waiting for a bad news to give it a 10% correction instantly.

Congrat guys

Osas4lav:
Hello everyone, I’m happy I found this thread. I’ve recently started learning trading and strategies but when I decided to start off and registered with brokers in Nigeria I realized they were very short on US stocks. My question is can I day trade on Trove, Chaka etc. maybe be able to use stop loss and take profit etc? 🙏🏽 abeg advices would be very much appreciated

Except you're making 20 percent o each trade, it is not advisable. You'll only be making money for your broker.

Yok2:
FOR THOSE THINKING OF OPENING ACCOUNT WITH TRADE ZERO!!!
Pls confirm from the platform if fractional share purchase is allowed? Very important, simply send them a mail, or else inability to buy fractional shares will handicap your accumulation of stocks like MSTR, ADOBE etc (share are close to or above $500/unit.

For purpose of emphasis, if you have less than $1500 to start, stay with TROVE, CHAKA. The commission of between 1.00 to 1.5% are reasonable enough, especially when we realize they are operating in a very business unfriendly environment like Nigeria.

I am saying the Chaka/Trove commission is reasonable if we look at the pre-Charles Schwab time. . Also, $50 (in Naira equivalent) is all you need to open account with any of the 2 and for now I can say their service is fair.

You still confused us further chief.

What's your analysis on tradezero?

The main problem I think is funding.

Most of the require ACH or wire transfer which is a backdrop for us.

chipa:

Read through the release from CBN. For the new minimal capital base the only recognize capital is paid capital and share premium. Retained capital, shareholder fund and other retained capital are not recognize. That means all banks are coming to the market to raise funds.
To be Frank with you there will be a lot of pumbing of bank share price. So try to be in the banks so that when they are pumping the bank share price your funds in the share will also be pumped up. This is my 2 Kobo advice.

Hmm.. Nice o.
What bank do you recommend ?

Mpeace:
I doubt if the fugaz will have any difficulty meeting these requirements.

They won't.

Alexas58:
Something exciting seems to be going on in the group major banks!

Grab this token $BBAR


And also add this $FTV
There seems to be a strong and ravaging bull market ongoing already

Yes..
Especially that BBAR.
I was a holder at 5 and sold at 7.
They also pay good dividends. I'll try and get back in if I see an entry point.

It's an Argentine bank and it's part of the MERVAL index which has been one of the best performing indexes YTD.

nurd:


I do look into publisher rocket but I don't trust their data. So, I do all my research on Amazon.

I publish high content books.

I also run ads and have spent $31 this month.

How many words are you high content?

Hard pellet stool, which sometimes is a symptom of constipation can be indeed painful.

It is also a risk factor for hemorrhoids, anal fissure and even rectal prolapse. I'm sorry for your ordeal. Although you added spice to make it sweet tho.

ifeolu002:


You own the stock you buy actually.
I am still a a newbie in foreign stock investment .
Just learning the robes from the ogas on this thread.

Pls I am open to join WhatsApp groups I can also learn from .
Pls who can I DM to get this opportunity

WhatsApp group is to rip you off your money.. Ask any questions here. Capable guys around would do justice to it.

Avoid taking stock advise from anyone in the internet without doing due diligence. On a good day I'll share my experience with that.

For now, you must put in the effort to study and learn.

ifeolu002:
Optimus app by afrinvest is a good app to use

1.5% commission

Hmm..
So why should I dump my chaka for this?
Just asking.

Lie from the anus of a monkey.

No girl who you constantly take care of as you acclaimed early won't allow you cuddle her at night at the particular instance.

You were doing BF roles, steadily giving her money and gift over.along period of time. She even came to your house and stayed till 10pm. And she refused you to cuddle her.

This story is a big lie.
Please lie another one.

Zagee:


If not for the bamboo 1 dollar commission, I would have been flipping this for a while now.

Cannabis sector looks like its back in play though.

Due diligence is adviced.

Yes o.
I see fire in that sector!

So we've not still seen any commission less platform that Nigerians can use?!

Terrible sha.

This is the beauty of this page.
Let's grow together!

But only risk what you can afford to lose on speculation and Gamble plays.

I'm also gamble playing
$TOPS

This stock usually have a massive upside move in a year. I'm waiting for it.

Zagee:




Oga aremso, breakout out is +ve. 16% during close and 25% after close of business.
Ahead of nextweek. See you Monday 🙂

Nice call on FOXO.

I played it with small money.
But I'm up 17 percent already!

enemyofprogress:
no go Australia. There girls no sabi fok

Who tell you this lie?

Capitas7:


Very well said bro! I'm happy for you on those two winners too. You are sitting on a huge profit.
I enjoyed averaging down on some decent company stocks when I had accounts with brokers that allowed fractional shares. I had to close those accounts because the investors/traders never "owned" the shares. We were just custodians, if that's the right way to put it - and that does not align with my investment objectives.

Thank you for sharing your experience and views bro. Healthy conversations make us all better - nobody can flourish as an island.

Really?
Can you share such platforms please? Just in case some of us use them to be weary.

emmaodet:


Thanks very much bro.
I will go through those books and read them thoroughly.
Thanks

Ps.
You can also add good podcasts in addition to those books. You can download Google podcast or Spotify.

Search for "HALF TIME REPORT CNBC"
"FAST MONEY" CNBC

You'll keep abreast with recent happenings and analysis in Wallstreet.

Capitas7:
The Berkshire shares being accummulated by Warren around $25 in 1969 are now traded at around $600,000 today. That is the kind of wealth that the US market offers. There are opportunities to make money, but even more opportunities to build wealth. We choose which one we want. Cars selling for $2500-4400 back then are now selling for $30,000-60,000, so the then $25 is arguably worth $400 today at worst.

I remember doing some homework on Micron towards the end of 2022 and sharing with a good friend how I wanted to accumulate the stocks between $58-65. I did buy in tranches till my BE was $62. Poor quaterly results doubled with the performance of the sector made me sell all, to buy in another sector. I needed little patience, more believe in my judgements. What I was also yet to learn were:
1. How to decipher when one-off bad results do not harm the prospects of a company

2. How flexibly undervalued companies can fluctuate in price to shake off impatient investors.

3. Even when cutting losses, one should continue to reevaluate the company. Never stay away from accompany you once saw as undervalued.

4. Selling one to buy another is not always a good call. One sometimes needs extra cash for new opportunities - as you build your portfolio, also build your "waiting cash".

Micron has been selling for $90+ until yesterday when it rose to $113. No serious regrets - I am happy I identified a good company, and I am happy I learnt a lot of lessons from my mistake.

Everyone has a lesson or two to learn from the US stock market bro. And learning from your experience is also what adds to our knowledge and sharpens our skill in the market.

Like it is commonly said, time in the market is greater than timing the market. In 2022, I also own NVIDIA and AMD in my portfolio. Got in AMD around lower than 80 and NVIDIA around 260 or so. Then the rate hikes killed the market.

Funny thing is INVIDA came to us around 90 USD and many of us were still scared to go in. Look at NVIDIA today.

Anyways, lesson learnt. If you identify a solid company and the dynamics of the company hasn't changed, please hold an average down for any dip. I bet you, the stock will rise again.

Notable examples of stocks I own that did that.
1. $OSCR
2. $DAKT

Capitas7:

That's quite sad; you made a great point boss.

It is well boss.

yok:

Please we are no jokers here. Do not give fake news. This place is for serious investors.

We can all check: https://www.investing.com

Even the document you posted said rate was unchanged.

yok:

Please we are no jokers here. Do not give fake news. This place is for serious investors.

We can all check: https://www.investing.com

Lolz.
There was no rate cut after the meeting sir. There's still possibility in the future. But not after this meeting.