₦airaland Forum

FannySwindler:
Spicytayomic. Am not really a JIJO master....but situation calls for it. I knew there would be last minute magic as usual...as most Banks always try to return to opening price once it's 2.15. So I positioned myself.

Am out of Access now....but will enter tomorrow to be registered for dividends to make my additional profit....Fingers crossed.

angelo82:
For NSE,you should monitor Brent price which is the sweet crude............West Texas oil is 44.60 while Brent is going up and now is 49.12................I believe you are quoting WTI oil and not Brent oil....................

Elai147:
Have you thought of the effect the introduction of Whatsapp, Viber, Skype, BBM and the like has on the revenues of these companies? How many people still waste credit to call their love ones when they can use services like whatsapp and viber calls for free? A huge chunk of their revenue comes from international calls and how many people still use their phones to make international calls when you have free services like voip calls? Telecom companies are currently having huge drop in revenues due to the recent invention of whatsapp, voip and others and there is possibility that this will continue. Why do you think MTN is coming to the market to list? Where were they all the while telecom business was still booming? Now the tin don red for them and they have decided to list. I think due diligence is required when it comes to investing in telecom companies. I don't know why I see them as thieves.

Michael11stock:
nawa ooooo FO and SEPLAT are now mate almost the same price lol NSE the unseen is more than the seen

angelo82:
Price of brent is still above 45.................

http://www.bloomberg.com/energy

otokx:
OANDO still looks unattractive.

angelo82:
Brent is 48.74...............This is bear has nothing to do with oil...........Oil will still go up more..................

passwelle:
All stocks on the NSE can attain a maximum of +5% or -5% of the reference price. The reference price for the day is the opening price at 10.15am. If a stock opens 5% up, that price becomes the reference price for the day, it can thus attain a further +5% of that reference price i.e daily max of +10.25% from the previous closing price. Likewise, it can go -5% of the reference price. Please can the brokers in the forum help clarify this to keep folks from being misinformed. All the rules from mid 2012, 10 market makers, 16 equities jist is TT.

stokfrick:
I agree with u. However more stocks easily made 10%(that is from previous closing price) as at then than now. I can't really remember but its like the rule regarding daily price movement was reviewed by late 2013/early 2014. I stand 2 b corrected though.

angelo82:
In few months,FBNH will surpass your entry price but try not to sell for now.....................

passwelle:
Sir, learn about stop losses, and in future deploy them. Since Oando was N22, the OS has increased by almost 50% while the oil price (the major source of their revenue) has declined by more than 40%. All the best.

lancee:
Imagine those that bought IPO @ 33 naira 2007 , and secondary market then @ 44 naira ,what a situation

Elai147:
Hehehe, Oando don finally trade below 5-year low. E remain NSEASI... Patiently waiting... . When the bulls finally surface na break-even JIJO masters go dey think of, no be profit. Our prayer points should be to break even before profit takers go start fellowship.

This is why it is better to be a long term investor and maybe do very little of JIJO on a part-time basis make e no be like say person dey dull during the year. Long term investors are always happy during the bear and the bull seasons. Think about it.

ogadeolu:
And the bleeding continues as predicted.....i suspect a global meltdown again, i hear it happens every 8yrs, is it another 8 yrs since 2008 nii.....but this time i will not be slack oh, the likes of FO that got to less dan 10naira and i overlook, i will crucify them ni.....If you want to JIJO, set ur stop loss, if you want a long term, you can decide to buy and wait on the side line, but the wisest investors dont catch a falling knife, just like our forex that got to N250/$ and now struggling to be N200/$, bad time dont last forever, i will not be left on the tarmac again, guess someone remember that saying...happy investing.

invest wisely, time is money and life.

PETERiCHY:
it amuses me when I read comments about the market bouncing back very soon.

The bottomline is the both PDP and APC has lavished the nation's treasury on their selfish campaign now the oil revenue they were hoping to recoup their investments from is not forthcoming.

To the extent FG have to deep hands into the NLGN fund and pulled $2.1billion to bailout states just for payment of pending salaries not even for infrastructures.

Oshiomole on the hand is busy fight Iweala bcuz she didn't approve a certain loan for his state.

Emeliefe on his own side is claiming the reserve is now growing in leaps and bound while CBN can no longer defend the NAIRA which lead to the free fall.

Now tell me who is deceiving who?

The major reasons Pa. MB is not in a hurry to appoint his cabinet due to lack fund.

I ve said it countless times that the only way forward for Nigeria is AGRICULTURE so it's better Nigeria and Nigerians wake to reality and stop living in fool's. paradise.

By NOVEMBER some of the things I'm seeing now will be made manifest.

*ThE OcToPuS *

PETERiCHY:
it amuses me when I read comments about the market bouncing back very soon.

The bottomline is the both PDP and APC has lavished the nation's treasury on their selfish campaign now the oil revenue they were hoping to recoup their investments from is not forthcoming.

To the extent FG have to deep hands into the NLGN fund and pulled $2.1billion to bailout states just for payment of pending salaries not even for infrastructures.

Oshiomole on the hand is busy fight Iweala bcuz she didn't approve a certain loan for his state.

Emeliefe on his own side is claiming the reserve is now growing in leaps and bound while CBN can no longer defend the NAIRA which lead to the free fall.

Now tell me who is deceiving who?

The major reasons Pa. MB is not in a hurry to appoint his cabinet due to lack fund.

I ve said it countless times that the only way forward for Nigeria is AGRICULTURE so it's better Nigeria and Nigerians wake to reality and stop living in fool's. paradise.

By NOVEMBER some of the things I'm seeing now will be made manifest.

*ThE OcToPuS *

ogbs2020love:
I currently have no car.
I have almost all the stock s on the NSE worth about 5m.
A wife and a child.
I'm 30years
I have a life extra savings policy with axa Mansrud. worth 500k
2 commercial plots of land worth 2.6m .
my problem is that I am addicted the NSE.
pls should I buy the car now,or invest 450k. then wait and buy the car by next year,?
pls assist here

angrybull:
There is no room for gamblers in the stock market, you are strictly an investor. If you want to be called gambler in stock investment then you choose to act foolish.

angelo82:
This generalization is wrong..............Yes you gamble big time when you are buying stocks of companies that are making losses............When you buy based on speculation you gamble but when you buy fundamentally sound stocks you invest except or otherwise if crisis like the 2010 occur and some companies incur serious losses,then there is possibilities of loosing out but this happens in every business.............Baba Ijebu is 100% gambling while stockmarket investment is not 100% gambling............Forte Oil was trading at a very low price in 2010 or thereafter but see where it is today without any restructuring of their shares like that of unity bank shareholders..................I read an article of one of the top executive of FBNH and he said they are not raising any capital by any right issue because it is unfair to their shareholders and it will add pressure to their equity...........So the resort to the use of cleaning up their balance sheets,savings cost to improve their capital base and also retaining most of their earnings..........Buying their stock can not be gambling as they are thinking ahead and put the interest of their shareholders in consideration.........Same goes to Zenith,GTB,ACESS,and some serious listed companies on NSE...............Unless my friend you are indirectly fighting the market and promoting bears so as to actualize your own dream..............You make sense in most of your post but sometime you over emphasize on irrelevant points based on your emotion...............Devaluation may happen or not but as a trader you need to figure out what you will do next incase the unexpected happens..........Market goes on regardless and people will still make money.............

carpenter:
"I admit to buying stocks, but I think that it's a very dangerous idea. Remember that for every stock you buy, there is someone on the other end who thinks it's just as good of an idea to sell" Culled from Business Insider

Michael11stock:
I am loosing 60% of oando the thing dey pain me ooooo gan gan

myjoy08:
I just hope some people will not use this devaluation issue to miss the right path? Anyway, our great Oga Peterichy who received his salary in $$$ is very interested for CBN to devalue our currency so that poor people like us would not be able to compete with them. Anyway, God is watching us all!