Toluway:

Technical analysis can be rubbished by socio-economic change, So, fundamental analysis should of necessity be a part of the bargain.

@Toluway, you are entitle to you opinion. Understanding is necessity!!!

Toluway:
I became a happy investor with rest of mind when i discovered the advantages of investing in reliable dividend paying companies. Any of them can give you a huge capital appreciation at any given time. You don't need to care about price volatility as long aa the company retains it's fundamental values.
Big money men don't go about chasing many stocks around. Even if you have over #50b, about five stocks will do. Monitoring a very few number of stocks would be easy. I've learnt my lessons from over a decade of trading, most of which were bedevilled by non-chalant attitudes and absence fron the market. #Agbalowomeri

I put it to you that you've never being a trader not to talk of being a good trader

Seniorman Tolu wetin I do you o

Pls am so new oo, can our mummy tell us wat is really happening to lasaco? I just got it on Tuesday and now it loosing twice @ ymcy56

Dammlonge:
Pls am so new oo, can our mummy tell us wat is really happening to lasaco? I just got it on Tuesday and now it loosing twice @ ymcy56

Your mstes bought at the right time.Dividend mark down didn't affect them even at today's loss.

But you just run enter at high price and they mark down on your head.Wait for your dividend and also wait for another rally if so.

Las las, our head go dey okay whether for good or for bad

locodemy:


Okay, every new account is activated for DCS.
It's left for you to deactivate or continue with it.
I always opt out because of my nature of trading.

Hope their customer care service is okay.
I see their platform as almost do it yourself.

Oga Locodemy please come onboard Investment One everything u need dey there and don't forget to use my link o

Make you join those wey dey help my ministry.

Meanwhile, all your answers from all the different contributors - @ymcy56, @otomatic etc are correct on DCS (Direct cash settlement) ie cscs dealing with investors directly as per proceeds from sales, and DMA (direct market access) ie ability to cancel trades during market sessions.

Investment One gives DMA so you can place and cancel orders during trading hours. However, you will need to request after your account is opened as already pointed out by one of the contributors.

Please note that all customers can trade online without DMA, the only difference is that a customer with DMA can cancel a trade he/she is no longer interested in during trading hours while a customer without DMA can only cancel a trade between 4pm and 7am.

emmasoft:


Oga Locodemy please come onboard Investment One everything u need dey there and don't forget to use my link o

Make you join those wey dey help my ministry.

Meanwhile, all your answers from all the different contributors - @ymcy56, @otomatic etc are correct on DCS (Direct cash settlement) ie cscs dealing with investors directly as per proceeds from sales, and DMA (direct market access) ie ability to cancel trades during market sessions.

Investment One gives DMA so you can place and cancel orders during trading hours. However, you will need to request after your account is opened as already pointed out by one of the contributors.

Please note that all customers can trade online without DMA, the only difference is that a customer with DMA can cancel a trade he/she is no longer interested in during trading hours while a customer without DMA can only cancel a trade between 4pm and 7am.

What are your brokerage charges like?

locodemy:


Your mstes bought at the right time.Dividend mark down didn't affect them even at today's loss.

But you just run enter at high price and they mark down on your head.Wait for your dividend and also wait for another rally if so.

Las las, our head go dey okay whether for good or for bad

But qualification date is 3rd July na

locodemy:


I have seen their platform.You can even deposit money for savings, buy airtime, data, stocks and other investments.All in one app but my worries is their fees are not helpful.Both buy/sell is 4% when other platforms are below

Oh they are even more expensive than meristem, thanks for this info o.... No need to follow-up with them on the form I filled niyen

Ginalex:
What are your brokerage charges like?

1.35%

MeezPat:
Omo, it's on full offer now, no buyer...e b like film...yesterday buyer yapa

But those who pressed sell button when I made the call sold more than 15millon units

emmasoft:


1.35%

That's for buy Nah.
Though what we need in this business is transparency and efficiency.

ojeysky:


Oh they are even more expensive than meristem, thanks for this info o.... No need to follow-up with them on the form I filled niyen

They are same but I think investment one has a better structure that's why I want to start using them.At least depositing and withdrawing fund seamlessly.

I have used meristerm twice and stopped.My money was posted after 2 days.i don't need such broker.

I am currently using Greenwich securities though same fees but a better platform and good customer care than meristerm.

locodemy:


That's for buy Nah.
Though what we need in this business is transparency and efficiency.

Of course, everything is open. Technology has helped in that regard. Brokerage commission is the same for both buying and selling.
Please note all other charges are statutory and go to the regulators. It's only the brokerage commission Ione has power over.

Dammlonge:
Pls am so new oo, can our mummy tell us wat is really happening to lasaco? I just got it on Tuesday and now it loosing twice @ ymcy56

As dem call me say I get case to answer for Nsempa, na im I rush come....🏃
As I saw you post I said to myself:
Ghen! Ghen!! Mcy you must learn by force for this platform. God pls don't allow my enemies in this forum to rejoice over me IJN.

* First of all, Im your pikin o.
* 2ndly, it's Lasaco you mentioned.
* 3rdly, I think you panicked because you're a new comer and possibly new to investing.

* That a stock lose doesn't mean something is wrong with it's fundamentals, that's just market for you......bearing in mind that the stock you picked @2+, has been bought at some point... @81k, 90k, N1 by someone else who entered much earlier or when the stock was down in the market......if those set of people sell @2 or 2.34 or thereabout, they are pocketing over +100% profit, doesn't mean it's the end for such stock.

- For instance, some investors bought GTCO as high as N34 naira sometimes last year or so or 2021, GT fell all the way from 34 down to N16.80 before it started reversing up again....and we know where the share price is now. It can only take an investor to remain calm in such situation....while traders must have jumped out with some hair-cut.

* In this market, stocks goes up and down. More reason knowledge is required in trading, even if it's basic knowledge.....and, for newbies, we often emphasize on "investing" instead of trading. Buying at bargain price is also emphasized.

* As it is now, please do not panic, do not sell in haste or at loss. What you're seeing is paper loss, which can reverse back to gain when the price goes up again.
* Also, dividend payment is coming, just try and download APEL Registrars E-Dividend Mandate form, fill and scan back to APEL Registrars.
* Another strategy to use is averaging down if you still have some funds, don't be in haste, let the shedding bottomed, when recovery is sighted, you buy more to average your cost price down.
* Like I said, that's Mr. Market for us. It has a mind of its own. Lasaco shouldn't be trading less than N3.

** Pardon me for the epistle*

emmasoft:


Of course, everything is open. Technology has helped in that regard. Brokerage commission is the same for both buying and selling.
Please note all other charges are statutory and go to the regulators. It's only the brokerage commission Ione has power over.

Thank you.
We are together

Dammlonge:
Pls am so new oo, can our mummy tell us wat is really happening to lasaco? I just got it on Tuesday and now it loosing twice @ ymcy56

Lasaco has returned almost 200% this year alone. This should serve as a lesson to you. If you had the Yochaa app installed on your phone, you could have easily seen this under the stock's performance history. From there, you could have asked questions and made an informed decision about whether to buy the stock.

Averaging down is not an easy strategy either. You have to know when to do it, and if you do it too soon, it may make things worse. If you can bear the drawdown, you may try holding the stock and hope for recovery. If you can't, you may want to sell it and use the money to enter the stock later or to invest in a different stock.

Abeg someone should provide me with the pdf link to NPF MICROFINANCE BANK 2022 ANNUAL REPORT.
The annual report is on the link https://npfmicrofinancebankplc.ng/annual-reports
But it's not in pdf format,rather it's in flipbook format.

Thank you as you help me.

ositadima1:
Lasaco has returned almost 200% this year alone. This should serve as a lesson to you. If you had the Yochaa app installed on your phone, you could have easily seen this under the stock's performance history. From there, you could have asked questions and made an informed decision about whether to buy the stock.

Averaging down is not an easy strategy either. You have to know when to do it, and if you do it too soon, it may make things worse. If you can bear the drawdown, you may try holding the stock and hope for recovery. If you can't, you may want to sell it and use the money to enter the stock later or to invest in a different stock.

Osita, there's no one way to stock movement. You could buy high and the stock will still go higher.

See the case of CONOIl, MRS, FTNCOCOA, etc of recent.......when we thought FTNCOCOA already peaked, @93k or so, it took off again to circa 1.80.
While we think CONOIL already peaked @35+, it went further to 86; what of Guinness, and others in that category?

Even if Lasaco is picked @2.70/2.80, it's still cheap if we consider the financials and the share price of its peers.

Imagine WAPIC trading @94, even SUNU touched 50k or so, then Lasaco is trading @58k as at today's closing price.

So, sometimes, the market can be irrational and the way people rubb.ish insurance stocks here is appalling.

If I had mentioned Cornerstone when it started moving, they would have rubbish.ed it, but see it's Q1 alone, it made over +800% in PAT if I'm right, yet we want such stock to remain at 20k?
This same Lasaco was rubbish.ed at 90k, but eyes opened when it delivered over +200%. Same thing with MANSARD.

STNWAUME:


Dont you hear the saying

"Bull make money,
Bear make money,
Pigs get slaughtered!"

If you are a smart Alec. You should have taken advantage of the pre & post inauguration bull. Instead of idling away waiting for a mirage generational low.

As if eventually when stocks gets to a generational ow it won't rise again (SMH)

Lolllll stories average down continue! A US stock did 400% for me between that period just 3.5k units alone has covered all those your gains on top of all your stocks put together in the same period. Let me give u the name of the stock go and check that same period. DHC. For your your info, another one will soon enter my trap that one na 800% target, am holding till next year.

yMcy56:

As dem call me say I get case to answer for Nsempa, na im I rush come....🏃
As I saw you post I said to myself:
Ghen! Ghen!! Mcy you must learn by force for this platform. God pls don't allow my enemies in this forum to rejoice over me IJN.

* First of all, Im your pikin o.
* 2ndly, it's Lasaco you mentioned.
* 3rdly, I think you panicked because you're a new comer and possibly new to investing.

* That a stock lose doesn't mean something is wrong with it's fundamentals, that's just market for you......bearing in mind that the stock you picked @2+, has been bought at some point... @81k, 90k, N1 by someone else who entered much earlier or when the stock was down in the market......if those set of people sell @2 or 2.34 or thereabout, they are pocketing over +100% profit, doesn't mean it's the end for such stock.

- For instance, some investors bought GTCO as high as N34 naira sometimes last year or so or 2021, GT fell all the way from 34 down to N16.80 before it started reversing up again....and we know where the share price is now. It can only take an investor to remain calm in such situation....while traders must have jumped out with some hair-cut.

* In this market, stocks goes up and down. More reason knowledge is required in trading, even if it's basic knowledge.....and, for newbies, we often emphasize on "investing" instead of trading. Buying at bargain price is also emphasized.

* As it is now, please do not panic, do not sell in haste or at loss. What you're seeing is paper loss, which can reverse back to gain when the price goes up again.
* Also, dividend payment is coming, just try and download APEL Registrars E-Dividend Mandate form, fill and scan back to APEL Registrars.
* Another strategy to use is averaging down if you still have some funds, don't be in haste, let the shedding bottomed, when recovery is sighted, you buy more to average your cost price down.
* Like I said, that's Mr. Market for us. It has a mind of its own. Lasaco shouldn't be trading less than N3.

** Pardon me for the epistle*

In as much as I enjoyed your post, I think we should all understand this FACT - A good trader always make money in the market!

-What make you think it's traders that get hair-cut and not investors?

A good trader not only reading the price actions but also read market sentiments and as such will rarely get cut unaware!

I tried not to mention this, but below is the post I made on my platform on 29/09/2022 on GTCO you referred to in your post. Informed followers that I am buying the stock the next day 30/09/2022 (aiming for dividend). Bought at 17.80 and recently sold same this June at 34.50!

We should be cautious how we attribute losses to traders and not the so called investors

yMcy56:

Osita, there's no one way to stock movement. You could buy high and the stock will still go higher.

See the case of CONOIl, MRS, FTNCOCOA, etc of recent.......when we thought FTNCOCOA already peaked, @93k or so, it took off again to circa 1.80.
While we think CONOIL already peaked @35+, it went further to 86; what of Guinness, and others in that category?

Even if Lasaco is picked @2.70/2.80, it's still cheap if we consider the financials and the share price of its peers.

Imagine WAPIC trading @94, even SUNU touched 50k or so, then Lasaco is trading @58k as at today's closing price.

So, sometimes, the market can be irrational and the way people rubb.ish insurance stocks here is appalling.

If I had mentioned Cornerstone when it started moving, they would have rubbish.ed it, but see it's Q1, it made over +800% in PAT if I'm right, yet we want such stock to remain at 20k?

Financials kwa.
Which one?
Q1 result.
Abeg let stocks rise first.
If we begin to access them by results, blood will shed.
Price has to go up to meet up devaluation ni

BullBearMkt:
In as much as I enjoyed your post, I think we should all understand A BASIC FACT - A good trader always make money in the market!
-Why make you think it's traders that get hair-cut and not investor?
A good trader not only reading the price actions but also read market sentiments and as such will rarely get cut unaware!

I tried not to mention this, but below is the post I made on my platform on 29/09/2022 on GTCO you referred to in your post. Informed followers that I am buying the stock the next day 30/09/2022 (aiming to for dividend). Bought at 17.80 and recently sold same this June at 34.50!
We should be cautious how we attribute losses to traders and not the so called investors on this platform

Boss you're right!
I'm also one of the beneficiaries of GT @16.80, 17 & 17.20.
What I mean is that traders don't wait and have such patience as investors.
We must be able to differentiate between the two..... whosoever want to invest must have tripple dose of patience.

However, I still repeat, some investors needs to change their mindset towards some stocks.....that a stock dealt with you in the past is not enough to be rubbishing them all the time.
They cant continue to live in the 18th century.
Market also thrives on sentiments.

....

locodemy:
Financials kwa.
Which one?
Q1 result.
Abeg let stocks rise first.
If we begin to access them by results, blood will shed.
Price has to go up to meet up devaluation ni

Yes.
But sometimes we still need to let them see what they want to see while Mr. Market/news/sentiment handles it their own way.

I rest my case jare.

yMcy56:

Boss you're right!
I'm also one of the beneficiaries of GT @16.80, 17 & 17.20.
What I mean is that traders don't wait and have such patience as investors.
We must be able to differentiate between the two..... whosoever want to invest must have tripple dose of patience.

However, I still repeat, some investors needs to change their mindset towards some stocks.....that a stock dealt with you in the past is not enough to be rubbishing them all the time.
They cant continue to live in the 18th century.
Market also thrives on sentiments.

To me, the thing is we have good and bad traders & same applicable to investors. The main keys are:
-Patience
-Working Strategy(ies)
-Risk tolerance (Risk/Reward)
-Stick to your plans
...and you will continue to make money

YoungBuffet:


Lolllll stories average down continue! A US stock did 400% for me between that period just 3.5k units alone has covered all those your gains on top of all your stocks put together in the same period. Let me give u the name of the stock go and check that same period. DHC. For your your info, another one will soon enter my trap that one na 800% target, am holding till next year.

I'm really trying to understand you. Seriously.

Zagee:


I'm really trying to understand you. Seriously.

see oo understand me? U wey never understand your self u want to understand another person. Person that wants to watch the blinking of crab eyes by river side will stay long there ooo. Continue to study me oo

YoungBuffet:


see oo understand me? U wey never understand your self u want to understand another person. Person that wants to watch the blinking of crab eyes by river side will stay long there ooo. Continue to study me oo

You are everywhere. It's giving nu!sance

Hope those tree can grow within 3 weeks to give me 100% of my investment capital?

Just 100% only.I no talk 200%

I thought I quoted somebody above.
The guy don delete the virus post