Mpeace:
I doubtvthis. He cannot give almost all the important positions to the north,(finance, attorney general, power, defence, national security adviser, interior, transport etc

If that list of true, perhaps that's why the market reacted today

ojesymsym:
You spent around 2.5million and made around 5.1 million like this so. Profit of around 2.6 million. How long did you hold if I may ask?

for the sake of clarity, I bought:
3m units at 33k = N990,000
6m units at .40k = N2,400,000
Total Purchase Price = N3,390,000

Sold all the 9m units at 85k = N7,650,000
Less: purchase price = N3,390,000
Profit excluding transaction charges is N4,260,000
I bought the stock between16 - 30 May and sold by 4 July this year (2 months interval)

Sincerely speaking, All through my trading in NGX, I have made money from penny stocks more than stocks with fundamentals. transcorps is another example. But stocks with fundamental like dangote sugar and UBA that I bought for N19 & N10 since may is yet to return 50%.

ojeysky:


If that list of true, perhaps that's why the market reacted today

Well the list is not completely true but even if it is... I really don't see probs with it

I mentioned the stocks I'm heavily invested in here which includes CHAMPIONS B... I've never advised anyone to follow me as I have always fondly said they are gambles... If you can't gamble your funds just don't follow me and buy ooooo

CHAI, make better monies rain wella

megawealth01:
I mentioned the stocks I'm heavily invested in here which includes CHAMPIONS B... I've never advised anyone to follow me as I have always fondly said they are gambles... If you can't gamble your funds just don't follow me and buy ooooo

CHAI, make better monies rain wella

Mentioning them is not a problem. Making subsequent posts while mentioning them again with no substantive additional info is pure mischief, sir.

kolaish:
for the sake of clarity, I bought:
3m units at 33k = N990,000
6m units at .40k = N2,400,000
Total Purchase Price = N3,390,000

Sold all the 9m units at 85k = N7,650,000
Less: purchase price = N3,390,000
Profit excluding transaction charges is N4,260,000
I bought the stock between16 - 30 May and sold by 4 July this year (2 months interval)

Sincerely speaking, All through my trading in NGX, I have made money from penny stocks more than stocks with fundamentals. transcorps is another example. But stocks with fundamental like dangote sugar and UBA that I bought for N19 & N10 since may is yet to return 50%.

That is the irony of the market

debeey87:


So it's you people that are rushing champion breweries in millions daily all week. If you guys know something, tell us o. Volume traded for July so far has surpassed the last 2months.

@bullbearmkt, can the volumes be a leading indicator to something?

...absolutely. Volume is a 2-way thing; it could be accumulation leading to rise in price or distribution which leads to price decline.

Coolcash1:


Expecting 60-75 fib correction before any uptrend reversal.

...not unlikely, but I doubt it!

emmanuelewumi:



I expect a reversal by Friday or next week Monday

...having briefly touched 66k mark on 11/07, the NSE All share index now formed a bearish engulf similar to same price actions that occurred btw 03/07 - 04/07. On Wednesday 05/07 we saw reversal. My projection is price to dip to 60k - 62k then we await price actions for possible upward reversal.

BullBearMkt:

...having briefly touched 66k mark on 11/07, the NSE All share index now formed a bearish engulf similar to same price actions that occurred btw 03/07 - 04/07. On Wednesday 05/07 we saw reversal. My projection is price to dip to 60k - 62k then we await price actions for possible upward reversal.

That was almost my reply to his post yesterday.
Today and tomorrow will be bearish.
Maybe from next week, we can start looking for catalyst for upward reversal.
Earning season fast approaching.Time for FA to dominate and control the market than TA and SA has done in the past.

FMDQ LAUNCHES FIRST ETD OF ITS KIND

I was there yesterday representing my firm. It was colorful. The platform is for DM and TM only. We have the following as the DM:

1 . Access Bank
2. Zenith Bank
3. Wema bank
4. Sterling Bank
5. Stanbic IBTC

Aside this, we have 17 firms of TM of which my firm is one. The derivatives are:

1. Federal Government Bond futures

2. Dollar-Naira FX non deliverables contracts.

The underlying
Asset for the first derivatives product are basket of FGN Bonds ranging between maturity of 2 years and 30 years

The second product has $/Naira as the underlying assets

We will get there

The asset class is just derivatives. Just like you make gaaari from cassava. Gaaari is derivatives while cassava is the underlying asset. Like I said earlier FMDQ now have two separate markets for trading Federal Govt Bond and currency. One is spot market where you can actually buy and sell govt bonds ranging from 2 years to 30 years. The second is FX market where you can buy and sell FX.

To hedge those risk attached to those instruments In cash market, then derivatives market was introduced

Not that that is only two instruments that can be traded on FMDQ spot market, we have several of them. Only that two derivatives were picked to start with.

To deal in those two instruments, you must be extremely good in forecasting interest rate and FX. It is a big market that can run into trillions in a day transaction in the future if they get it right.

Just like NGX, FMDQ is the exchange where those cash market and derivatives market instrument are traded

Just like CSCS, FMDQ called their own CCP and it is called FMDQ Clear

Just like CSCS that combined both clearing and depository together, FMDQ separate their own and have another segment called FMDQ Depository

Just like a stockbroking firm whose is a dealing/Brokerage firm is called in NGX, the trading participants in FMDQ is called trading member

Just like each stockbroking firm has a bank that settled trade, FMDQ called it’s own is called Dealing member and they settle futures trade.

But remember, the minimum amount to trade with is N50,000,000 of which your initial margin is 10% deposited in your margin account

BerniceIma:
Time in the market is better than timing the market .

I intend to buy N100,000 worth of Zenith Bank shares every month for 10 years and I'm going to reinvest every single dividends for that 10 years.

I just want to see how time in the market is better than timing the market.

That is good considering the stocks fundamentals.
But I will advise you rebalance your position when the price is good to get more of it

IYGEAL:


Mentioning them is not a problem. Making subsequent posts while mentioning them again with no substantive additional info is pure mischief, sir.

Yes Sir

I've always said it's gamble so those that follow me goes with them knowing the risky cost of such

locodemy:


That was almost my reply to his post yesterday.
Today and tomorrow will be bearish.
Maybe from next week, we can start looking for catalyst for upward reversal.
Earning season fast approaching.Time for FA to dominate and control the market than TA and SA has done in the past.

...maybe, maybe not.

BullBearMkt:

...maybe, maybe not.

What if it starts moving up this morning?

Good morning bosses. Pls what does edmms processing fee for registrar mean?. I was debited by my bank.

FBNH STOCK PRICE DECLINE PROVIDES BETTER BUYING OPPORTUNITIES
The recent fall in FBNH's stock price, descending from 23.50, presents an enticing opportunity for investors/traders to align their interests with those of Oba Otudeko by acquiring FBNH shares. The price is anticipated to stabilise btw 16 - 17.40 level. However, the ongoing skirmish involving Eco Bank, FBNH, and Otudeko raises a pertinent question: Could this conflict cast a shadow over FBNH's stock price? Only time will tell.

PLAN YOUR TRADES AND TRADE YOUR PLANS

megawealth01:


What if it starts moving up this morning?

...highly possible. If you read through my earlier post, that's exactly what I indirectly pointed out by comparing the recent price actions with those of 3rd, 4th & 5th of July!

BullBearMkt:

...highly possible. If you read through my earlier post, that's exactly what I indirectly pointed out by comparing the recent price actions with those of 3rd, 4th & 5th of July!

The charts are still bullish

DD pls

BullBearMkt:
FBNH STOCK PRICE DECLINE PROVIDES BETTER BUYING OPPORTUNITIES
The recent fall in FBNH's stock price, descending from 23.50, presents an enticing opportunity for investors/traders to align their interests with those of Oba Otudeko by acquiring FBNH shares. The price is anticipated to stabilise btw 16 - 17.40 level. However, the ongoing skirmish involving Eco Bank, FBNH, and Otudeko raises a pertinent question: Could this conflict cast a shadow over FBNH's stock price? Only time will tell.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Why are you changing "if" to "however"

BullBearMkt:
FBNH STOCK PRICE DECLINE PROVIDES BETTER BUYING OPPORTUNITIES
The recent fall in FBNH's stock price, descending from 23.50, presents an enticing opportunity for investors/traders to align their interests with those of Oba Otudeko by acquiring FBNH shares. The price is anticipated to stabilise btw 16 - 17.40 level. However, the ongoing skirmish involving Eco Bank, FBNH, and Otudeko raises a pertinent question: Could this conflict cast a shadow over FBNH's stock price? Only time will tell.

PLAN YOUR TRADES AND TRADE YOUR PLANS

As a staff of FirstBank I don't want to talk about the battle for the coy but anyone entering FBN is definitely doing that for long-term

Agbalowomeri:


Why are you changing "if" to "however"

He doesn't want to be quoted if things go south just as some people wanted to deal with loco yesterday

I got heavily attacked in 2021 but I kept my calm because las las we are all adults

Agbalowomeri:


Why are you changing "if" to "however"

lol!
Agba, it's just to avoid monotonous!

Please what is the best way can one use meristem online, i deposited money into their account yesterday, hoping to trade , only to be told T+1 day.
Today , money is not yet showing in my account.
Please what way can i deposit money and it reflect immediately for trading.

megawealth01:


He doesn't want to be quoted if thibgs go south just as some people wanted to deal with loco yesterday

lol!
I love being quoted. IF price go south, north, east or west, price actions will reveal the reason(s).

megawealth01:


As a staff of FirstBank I don't want to talk about the battle for the coy but anyone entering FBN is definitely doing that for long-term

...but you always call yourself a gambler; bankers are more calculative, sometimes stingy etc

BullBearMkt:

...but you always call yourself a gambler; bankers are more calculative, sometimes stingy etc

Who do ponzi pass? Maybe you are talking about accountants turned bankers? Bankers are naturally extravagant and flamboyant so we always want fast monies

BullBearMkt:

lol!
I love being quoted. IF price go south, north, east or west, price actions will reveal the reason(s).

Na man you be

megawealth01:
Who do ponzi pass? Maybe you are talking about accountants turned bankers? Bankers are naturally extravagant and flamboyant so we always want fast monies

...you're correct! It should be Accountants. I have one as a sister! She's... OMG!!!

megawealth01:


As a staff of FirstBank I don't want to talk about the battle for the coy but anyone entering FBN is definitely doing that for long-term

A staff of a bank exposing himself to the stock market.Hmmm how much do you earn as a banker to be exposed so high in almost all the stocks?
Loco is a humble business man.Dealing on computers and accessories.No one can question my source of income