₦airaland Forum

aremso:
Mad oo

The initial prices were derived after reverse stock spilts o.
Didn't mean it traded at the 15K price.

But yes, holders are in deep shit already.

yok:
MARKET LOOKING FORWARD TO A BULLISH DAY
Meme stock seem to be cooling down, today is for heavy weight stocks, so the US stock index will likely be bullish for the day.

For local platform with penny stocks, Trove is good, but note the minimum commission charge. If you want penny stocks foreign brokers are your best bet or you move to forex, where NGN10k will get you started (for this you can DM me)

Let us all have a nice day

Yeah.
I've done an indepth analysis and I saw that trove has more stocks than all of them.

Then Bamboo before Chaka.

However, trove comes with an extra cost when trading OTC

Please among Trove, Chaka or Bamboo, which has more number of stocks?!

And which is more suitable for trading Penny's please?

Yok2:
AGAIN A REMINDER THAT WE NEED TO KEEP OUR STOP LOSS SMALL (MAXIMUM EVER SHOULD BE 25% AND WORST 30%)- WARREN BUFFET & CO HAVE A RATE LIKE THIS AS EXIT

Gain of 100% should exit us, but alas, if you are carrying 90% loss on a stock, that stock gaining 50% everyday for 3 days may not return you back to profit. So, we must just learn to let go and take losses, with 30% max, you can still recover.

So, I do not want to know the name of the stock whether TSLA, MSFT, META etc, fall below 30% and I kick you out of my portfolio, and like skit makers will say: NA MUMU GO LET HIS LOSS GET TO > 90%, IT IS A POINT 9F NO RETURN

I just kicked out CCL with a 17 percent loss.
Painful but there are other opportunities to make money in the market.

Sake should please credit his account o

Zenith bank dividend just landed o.

After how many years?!

aremso:
Patient in this market pays with what have learned so far, I currently hold 2 pennies foxo and KTRA. Both have catalyst and will wait it out till at least 100% gain

Foxo catalyst: potential merger, AI inclusion in their operations but will likely do RS to meet up with continue listing requirements. 1:5 1:10 if the do 1:10 free float will be 405k if they do 1:5 free float will be 800k and if no dilution they can squeeze about 250% after RS from 1.75-3.5$ post RS

KTRA catalyst: merger with TUHURA and the reverse split can be around 1:20 and 1:35
If they push it to 0.40 before the RS the post Merger price will be around 8-14$ with free float of 4m+ and OS of 10m in my calculations then they can push it to 30-50$ am
Ready to wait for both outcome

Just my own assumptions which may be right or wrong.

DD applies

Not adding a dime to my small account again my friend 192 turned 535 has given me more confidence that my small money can grow bigger with time

192 what?

Earthstorms:
You guys amaze me.

You are asking what Tinubu achieved with the naira devaluation. Don't you really know that the FG is making massive gains by the naira devaluation?

Let me explain.
1st once there is loser in any policy, know that there is a winner.

The devaluation negatively affected those who earn in naira and have expenses in foreign currency. The food industries like Dangote sugar that import sugar from foreign countries in dollars and sell locally in Naira are at the receiving end of the naira devaluation.

Those who earn in foreign currency and spend in naira gained greatly from the naira devaluation. That is where the gains of the FG comes in. They sell crude oil in dollars and pay workers salaries and contracts execution in naira.

When dollar was 460 naira to a dollar, export of 1 million dollar worth of crude oil will give the FG 460 million naira when the dollars is sold to Nigerians. That same 1 million dollars worth of crude oil will give the FG 1.4 billion naira after the naira has been devalued to 1400 naira to 1 dollar.

So the FG is getting almost 3 times the naira it used to get from the same volume of crude oil after the naira devaluation. So the FG is gaining massively from the naira devaluation while those who use imported goods and services are losing money because of the naira devaluation.

You're not smart.
For a heavily import dependent state like Nigeria, devaluation does not favour anybody.

In fact, they'll be a massive trade deficit when the FG audits it's account at the end of the day.

Stop looking at short term gains.

Medicine

Lexusgs430:
UK...... The heaven of modern day taxation........ 😂

Chai..
Enjoy boss

aremso:
Wow happy for you bro, wished my portfolio smiling like yours. Don't worry with time this space will produce millionaires in dollars so we can also give back to our environment. I DON'T DOUBT THIS even with my shishi account.

Yes o boss.
Our goal is to lift others up even with small just as we started.

Lexusgs430:
Like penboy, nah small money I put too ....... 😂😜

What country are you in boss?!
I see you pay tax.

Some of us played Kintara with small money.
But we're up 41 percent.

Over time, big money would flow in.
Please when a call is made here, we do DD and take it to heart.

Just to prove that we don't play here.
Thank you.

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.