₦airaland Forum

Mpeace:
https://www.nairaland.com/4721265/presidential-panel-recover-7bn-bailout
FG to recover $7billion bailout fund from banks. Agba here comes your graveyard prices.

COULD THIS BE THE MONEY BEING REFERRED TO?

https://www.google.com.ng/amp/s/theeagleonline.com.ng/amp/group-urges-efcc-to-investigate-cbns-7b-loan-to-bankers
The 14 global asset managers and their local counterparts were Black Rock and Union Bank of Nigeria Plc; J.P. Morgan Chase and Zenith Bank Plc; H.S.B.C and; First Bank of Nigeria Plc; BNP Paribas and Intercontinental Bank Plc; UBS and United Bank for Africa Plc; Credit Suisse and IBTC Chartered Bank Plc; Morgan Stanley and Guaranty Trust Bank Plc; Fortis and Bank PHB Plc; Investec and Fidelity Bank Plc; ABN Amro and Access Bank Plc; Cominvest and Oceanic Bank Plc; ING and Ecobank Plc; Bank of New York and Stanbic Bank Plc and; Crown Agents and Diamond Bank Plc.
“According to the reports, CBN gave each asset manager, $500m of the external reserves to manage. Almost nine years after this pronouncement, no public report or account has been rendered by CBN on these the $500 million given to each of the banks. Also realizing that 3 of the banks (Intercontinental Bank, Bank PHB and Oceanic) were bought over by other banks and or liquidated between 2006 and now.

Agbalowomeri:
Pull back losing almost maximum for the day? This is more like P & D

Agbalowomeri:
Wetin dey happen to our AIICO revelation

DeRuggedProf:
In that corner for days.
Jijoists' heartbreak.

currentprice:
if u check u will shift ur price down

BullBearMkt:
...When FA expert talks, technical analyst will only concentrate on the chart to determine market's (sentiment) opinion. NB at 70 may be possible on the long-term and as a matter of fact, there is a strong support around 71.30. But before then, NB has case to answer why bulls should not attack it at around 93 (my highlight) and 76 (probably close to 70).

All what is needed technically now is to wait for market reaction at those critical prices, else there is no buying & price can continue shedding all weight gained since 2009

BullBearMkt:
...@tritritri, 93 looks fine BUT wait for confirmation from the market in term of price action. For now, there is no confirmation and the price could still go further down. PLS remind me by Friday, I am interested too

currentprice:
can the support hold well, time will tell

currentprice:
there are any diamond in the rough for those who open their eyes widely rather thay shouting monkey hunting to everything they read

as u be one of my oga let me show one

Airline service . go and check it sir

currentprice:
they plan for another right even before the conclusion of the previous right issue.

Agbalowomeri:
They wan sell finish first

fxuser:
um massive vol !

BullBearMkt:
...plz be warned! the general market sentiment is still bearish. What we still have is possibly a pullback - main trend is still down. Buy only if you know how to trade a pullback, else stay away!!!

Mcy56:
For me, if there be any banking stock to be watching closely for bottom price, its FCMB and Fidelity. Maybe Skye as well.
*Just thinking aloud o and because they are becoming penny by the day.*

Chai! Diamond sighted at 1.00 at the bottom bottom price; also Transcorp at 1.01.

toayofo:
I have been a silent observer and really appreciate the depth of insight i have gained from members here especially currentprice (cp) .

I need candid advice PLEASE.I bought Zenith at 23 naira some weeks ago based on what i percieved to be a bargain price....but I am now concerned by some comments here that it might drop to as low as 12!

My investment and exit plan was based on projected 50% capital appreciation within an 8-12 months period.Now I am thinking that I might have bought too early

I need a candid advice ,is it wise to sell the Zenith now and hope that it drops further (it is already below the 52wk low which I never thought will happen with the good result).PLEASE I NEED CANDID ADVICE as I invested a substantial amount ,if I sell tomorrow I will lose nearly 500k but I don't mind if I will be able to increase my holding since I will recover the loss over time.

As mentioned here by some,since cash is king,another alternative I was thinking about is to sell the Zenith and even if it doesn't drop any further ,target others that may drop even more....e.g. Fidelity,GTB,UBA etc where i might get better capital appreciation within 1 year

Seniors PLEASE ADVICE, Fxuser,CP........Thanks so much in advance!!!

Agbalowomeri:
It got worse, after it got better

aremso:
Gurus,

Why is zenith falling faster than Gt seeing that both possess almost the same quality

DeRuggedProf:
Thanks Sir, I will soon be seeking your help again.
I can dissect the differences between the sound of advancing rain and the sound of advancing battle formations...

DeRuggedProf:
Present Sir!
Hope ur doing great.
A snail should never stand in the path of an elephants, but 'superglue' itself on its back...
A nice time to practice shooting...

Agbalowomeri:
Seeing a future resistance if it breaks the cloud

fxuser:
every now & then we get a big drawn down dat causes regret and humbles us back to keep been a student of d market. I know dis too well and i really mismanaged some trades and my execution was poor. The result for me was mental stress , poor sleep, moody and beating myself up mentally because i knew better but executed poorly

For me:
- d problem was , i broke all my rules and d trade size was big
- i refused to accept i was wrong , (wishful thinking is d chartist nightmare lol)
- secondly i realised i still had loss bias issues , d pain of 2m loss was greater than d joy** of a n10 mln win (as examples)
- the above is a very poor state of mind , im learning to detach emotions from wins or loss and just stick to rules and risk mgt
- mark douglas vids helped on our belief systems work against our trading and hw they can cause self sabotaging beliefs
- trading composure website helped on hw to meditate and keep a positive state of mind
- Just let it go gradually , detach from d pain , stop thinking about wat else u cud hv done with d money, guard ur mind from negativity
- STOP looking at the P&L . . write everything dat u did wrong on dat trade and wat u want to do next
- u'll be fine bro , opportunities are laying up gradually , we need to be in prepared mentally over the next few weeks and months
- take time off .. remember all d good things . it going to be great


#bless

mendes911:
Agba, we have had enough charts (TA) today from you, BBM and CP. Kindly look at that your Jazz and tell us what you see.

Pluto will come later and make his own controbution based on FA.

mendes911:
Bitcoin? That one that can erode all my capital within minutes.

tritritri:
Even Zenith?

Yayira:
He wasn’t referring to NSE or any index in Africa when he said that.
Within 2 months Oando went from 100+ to 300 then from 300 to where it is today. Long term on NSE is dicey.. one year slf na buy and be ready to stay woke.

Buffet that won’t even take nestle for free.

mendes911:
Yes but buying USD is just for security of funds unless we will experience same awoff that happened last time, else gain on USD might not surpass 10% - 15%.

mendes911:
Am getting more and more scared. Should global market melt down kick in, cash or no cash, everybody will be in trouble. I doubt Trump will allow things get to that level shaa but never say never, Trump is loco, big time loco.

USD might be king by then.

wanaj0:
Once you start to see oil price going down, then you know the end is near

fxuser:
d ultimate weapon of mass destruction is no longer military , its simply financial instruments esp dis US Fed Rate , sanctions etc . . . .

dis clamor for foreign capital inflows is a recipe for boom bust cycles across EM's , they will now come back wen prices are extremely cheap lolx

if nt for CBN's gov unorthodox multiple fx window wt some decent reserves , Naira will be dancing shaku-shaku wt Lira & other EM's

africa needs an exchange dat can facilitate trnx flow across borders seamlessly, but d black man ehn . . #sigh

(pls excuse my ramblings) #movingOn

currentprice:
CP is working hard day/night scanning every stock to detect most undervalued one among other, when posted here instead of pple to do further search to detect why pple should buy or to jaa, they will be calling names.

i have seen one appears to be juicy again but i will like to see their Q3 report because this ^{improvement in the H1 bottom line over d previous seem to have other incomes increases and expenses reduces} thatz make it look more goody. anyway,,, i post it or not doesn't matter now because no stock is immune to the current mkt mood. every stock will still fall, the more it fall the juicy it will be but anyone that want it now can just do little research, with the bolded will help to detect the stock.

_{^{Happy weekend!}}

Godlylifeoneart:
Regardless of election... The best 5 stocks in d Nigeria boss are GT bank, zenith, flour mills, okomu oil, n Nestlé..... They are d stocks dt can return your losses regardless of Mother and Father bears