₦airaland Forum

Money Is Flowing Into McNichols After Getting Rejected At Double Bottom

PLAN YOUR TRADES AND TRADE YOUR PLANS

ositadima1:
In my opinion, people buying NB are basing their hopes on a company they once knew, not the current reality on the ground. NB will sell for 15 naira or below when things become clearer (negative equity already). It's a very risky stock; I would stay clear of that one.

..."when money matters, I don't joke around". Time has a way of proving me R/W. I'll leave it at that.

eziokwunwoko:
Good evening Sir BullBearMkt.
Please what is TA saying on Prestige, VFD, Wema, CWG, Custodian. Thanks

- PRESTIGE is a good stock & doing well
-VFD I'm contrained with data unavailability & liquidity to give your analysis
- WEMA: IF interested to buy, "get the stock with all your getting" between 5.80 - 6.20
- CWG: Just formed DB. Good one
- Custodian: Facing selling pressure. May stabilised after searching for good support level

I reviewed my portfolio at the close of business today, August 26th and faced a harsh reality, my NGX portfolio had incurred a paper loss of over NGN8M.
"NGX is a gamble 🎰 "
This reminded me of Warren Buffett's recent letter to Berkshire Hathaway shareholders, where he described the modern stock market as a casino. It's time for me to shift from being an investor to a regular trader. I'm following all the traders in this forum closely.
Investing (or 'farming') has become a dangerous profession, while trading (or 'hunting') is more lucrative. I'll be trading with all the resources and tools at my disposal. The good news for traders in NGX is that the market is relatively unsophisticated, with no derivatives, options trading, or leveraging, no shorting.
Additionally, stock prices are capped at a daily fluctuation of ±10%, meaning they cannot appreciate or decline more than 10% in a single day. This is music to my brokers' ears, I'm sure.

https://www.nasdaq.com/articles/warren-buffett-says-stock-market-is-becoming-casino-like-how-to-invest-and-not-gamble

Mankind2024:
I reviewed my portfolio at the close of business today, August 26th and faced a harsh reality, my NGX portfolio had incurred a paper loss of over NGN8M.
"NGX is a gamble 🎰 "
This reminded me of Warren Buffett's recent letter to Berkshire Hathaway shareholders, where he described the modern stock market as a casino. It's time for me to shift from being an investor to a regular trader. I'm following all the traders in this forum closely.
Investing (or 'farming') has become a dangerous profession, while trading (or 'hunting') is more lucrative. I'll be trading with all the resources and tools at my disposal. The good news for traders in NGX is that the market is relatively unsophisticated, with no derivatives, options trading, or leveraging, no shorting.
Additionally, stock prices are capped at a daily fluctuation of ±10%, meaning they cannot appreciate or decline more than 10% in a single day. This is music to my brokers' ears, I'm sure.

https://www.nasdaq.com/articles/warren-buffett-says-stock-market-is-becoming-casino-like-how-to-invest-and-not-gamble

Sophisticated Gambling?

Bulaba

Mankind2024:
I reviewed my portfolio at the close of business today, August 26th and faced a harsh reality, my NGX portfolio had incurred a paper loss of over NGN8M.
"NGX is a gamble 🎰 "
This reminded me of Warren Buffett's recent letter to Berkshire Hathaway shareholders, where he described the modern stock market as a casino. It's time for me to shift from being an investor to a regular trader. I'm following all the traders in this forum closely.
Investing (or 'farming') has become a dangerous profession, while trading (or 'hunting') is more lucrative. I'll be trading with all the resources and tools at my disposal. The good news for traders in NGX is that the market is relatively unsophisticated, with no derivatives, options trading, or leveraging, no shorting.
Additionally, stock prices are capped at a daily fluctuation of ±10%, meaning they cannot appreciate or decline more than 10% in a single day. This is music to my brokers' ears, I'm sure.

https://www.nasdaq.com/articles/warren-buffett-says-stock-market-is-becoming-casino-like-how-to-invest-and-not-gamble

It's amazing how you're enlightened enough to read Warren Buffetts letters but end up following the exact path he preaches against...

God speed in your new foray... May it not lead to even more losses for you...

BullBearMkt:
..."when money matters, I don't joke around". Time has a way of proving me R/W. I'll leave it at that.

I don't do emotions anymore, nor do claim I must be right. I observe and form my opinion; that's all.

Mankind2024:
I reviewed my portfolio at the close of business today, August 26th and faced a harsh reality, my NGX portfolio had incurred a paper loss of over NGN8M.
"NGX is a gamble 🎰 "
This reminded me of Warren Buffett's recent letter to Berkshire Hathaway shareholders, where he described the modern stock market as a casino. It's time for me to shift from being an investor to a regular trader. I'm following all the traders in this forum closely.
Investing (or 'farming') has become a dangerous profession, while trading (or 'hunting') is more lucrative. I'll be trading with all the resources and tools at my disposal. The good news for traders in NGX is that the market is relatively unsophisticated, with no derivatives, options trading, or leveraging, no shorting.
Additionally, stock prices are capped at a daily fluctuation of ±10%, meaning they cannot appreciate or decline more than 10% in a single day. This is music to my brokers' ears, I'm sure.

https://www.nasdaq.com/articles/warren-buffett-says-stock-market-is-becoming-casino-like-how-to-invest-and-not-gamble

Because you don't rebalance your portfolio, I told you to book profit on Transcorp Hotel that the price does not make sense at over N100

Have you forgotten that United Capital was marked down, with your 600,000 units of UCAP that alone would reduce your portfolio value by about N10 million until the 1.2 million bonus shares are credited to your CSCS account .

Pa Emma giving us many history lessons. Very insightful and educative!

If you drive at bicycle speed and are tempted to join the speed of light wagon in the stocks market, please enjoy this post below from 2023.

Asúré tete ò ní kọjá ilé.

wanaj0:
It is always interesting when people focus on money to be made when prices go up but IGNORE the possibility of losses when prices go down. A lot of crypto mentality of quick money to be made at play. People tend to forget that the ORIGINAL design of the capital market is to create access to capital market.

When you join people trading you did not ask what percentage of their capital are they using. You joined using your entire capital and now you are complaining.

When people were using less than 0.0001% of their portfolio to buy OandO and shouting 100% profit. You also joined with 100% of your portfolio and now that almost 50% loss is starring you at the face you are angry! Angry with who? Were you planning to share the profit with anyone? Why do you expect anyone to share in your pain or misery!

There is always upside and downside risks. Know how you will manage both and Know PEACE

This is still September. New academic session has just started. NSE (sorry now NGX) is collecting school fees!

Kindly pay your fees quietly and don't disturb anyone.

Men are known when the BEARS appear

Eku market ooo

Streetinvestor2:
ok then.I started this stock business 2000/2001
Then I dey go bring goods for baifra market for cotonou sell for uni and other hustle. The stock market was for savings and I was so emotional attached to the stocks I bought. Infact going to my stock broker to place buy mandate they give me special happiness .I denied myself of many things my friends saw as enjoyment though I could afford them than they did. That is why I am really planning to retire early make I flex before next of kin come flex pass me..lol

@ the bolded.
If my children no hold my hand, i go nearly chop my money finish before i pai because many times, people who didn't suffer for the money have a funny way of squandering the money more than the maker of the money.

emmaodet:
@ the bolded.
If my children no hold my hand, i go nearly chop my money finish before i pai because many times, people who didn't suffer for the money have a funny way of squandering the money more than the maker of the money.

Teach them the right values of hardwork, diligence, honesty, delayed gratification, humility, money management, frugality etc.

There is reason why generational wealth is not common in this part of the world


This mentality is why are leaders are piling up debts for the unborn generation.


In most cases we don't leave a will for our children but we leave a bill for them

emmanuelewumi:
Teach them the right values of hardwkrk, diligence, honesty, delayed gratification, humility, money management, frugality etc.

There is reason why generational wealth is not common in this part of the world


This mentality is why are leaders are piling up debts for the unborn generation.

Hmmmmmmmm....you are right bro

emmaodet:
Hmmmmmmmm....you are right bro

Aliko Dangote is a third generation billionaire riding on the foundation laid by his grandfather

According to this book his grandfather was the biggest customer of British Bank of West Africa now First Bank as far back as 1930 by then he was referred as the richest Blackman in West Africa


In 1950 UAC gave him a credit facility of 500,000 pounds for the supply of agricultural produce

emmanuelewumi:
Teach them the right values of hardwkrk, diligence, honesty, delayed gratification, humility, money management, frugality etc.

There is reason why generational wealth is not common in this part of the world


This mentality is why are leaders are piling up debts for the unborn generation.


In most cases we don't leave a will for out children but we leave a bill for them

Bro, what valuation method or strategy do you use to evaluate a stock you intend to buy?

https://www.google.com/amp/s/punchng.com/africa-prudential-declares-n791m-profit/%3futm_source=rss.punchng.com&utm_medium=web&amp

Mankind2024:
It's fantastic that we're injecting some humor into this amazing forum! 🙌 Laughter is the best medicine, after all - and we'll need it to survive the rollercoaster ride of NGX! 🎠 As we navigate the twists and turns on the road to success, let's keep our sense of humor sharp and our sanity intact. After all, when life gives you lemons, make lemonade. And when NGX gives you volatility, make a witty joke and a smart investment move! 😄

You're a real man. A champion. Your head dey there. Ride on man 😁👍

yMcy56:
My Oga, na for street i pick am oooo
Osita don use his ChatGPT analyse am since nah. 😁

Btw, some people don take @Mankind2024 jokes too serious ooo, make una dey relax abeg.
How does it even sound to divorce because of one faceless person wey he never see before?
Don't even know whether na man like Agba said. Lol.

Anyway Oga mi, I'm still open to that UCAP gift jare.....😁

Woman and money matter!

How many of them ready to learn anything serious?

Let us face it, many kids from average to affluence homes feel a large level of entitlement particularly when you thought you were doing the right thing allowing them enjoy the money you worked hard for and give them a life you did not have.

Some even take it a step further and start turning gay because in your benevolence, you send them go abroad.

emmanuelewumi:
Teach them the right values of hardwork, diligence, honesty, delayed gratification, humility, money management, frugality etc.

There is reason why generational wealth is not common in this part of the world


This mentality is why are leaders are piling up debts for the unborn generation.


In most cases we don't leave a will for our children but we leave a bill for them

ojesymsym:
How many of them ready to learn anything serious?

Let us face it, many kids from average to affluence homes feel a large level of entitlement particularly when you thought you were doing the right thing allowing them enjoy the money you worked hard for and give them a life you did not have.

Some even take it a step further and start turning gay because in your benevolence, you send them go abroad.

There is a difference between those who made money from business and those who made money from politics.

Those who made money from business and investment are doing a better work passing the knowledge and values compared to the other group.


My opinion though

One major lesson I learnt from my father (of blessed memory)...

emmanuelewumi:
Teach them the right values of hardwork, diligence, honesty, delayed gratification, humility, money management, frugality etc.

There is reason why generational wealth is not common in this part of the world


This mentality is why are leaders are piling up debts for the unborn generation.


In most cases we don't leave a will for our children but we leave a bill for them

emmanuelewumi:
There is a difference between those who made money from business and those who made money from politics.

Those who made money from business and investment are doing a better work passing the knowledge and values compared to the other group.

My opinion though

The worst case is civil servants. They can't take their children to work and teach them anything. They can only send them to school and only God knows how they will turn out. They see money with you and they don't know what you did to get it so they think they don't have to do anything in life.

Not always true sha.

Some of the kids of business folks take on far less challenging jobs like DJ.

emmanuelewumi:
There is a difference between those who made money from business and those who made money from politics.

Those who made money from business and investment are doing a better work passing the knowledge and values compared to the other group.


My opinion though

ojesymsym:
How many of them ready to learn anything serious?

Let us face it, many kids from average to affluence homes feel a large level of entitlement particularly when you thought you were doing the right thing allowing them enjoy the money you worked hard for and give them a life you did not have.

Some even take it a step further and start turning gay because in your benevolence, you send them go abroad.

This assumption is totally false about rich kids belonging to those with generational wealth.It is the 'i never chop ' parents who found sudden wealth treat their children with entitlement.Generational wealth is not an automatic thing,you need to successfully pass a skill to the next generation.

Most billionaires in Nigeria dwell on bank loans so there is no way they can pass such wealth to the next generation.
if your build your empire on a certain skilll and teach your children they will take it to greater heights.
Most African parents teach their children how to spend money not how to make it.
They believe sending you to school is the best gift a child can get from his parents. Like a Jewish saying 'if you dont teach a child how to make money,you are teaching them how to steal'.

Oando Bid depth 48M

Today will be worst than yesterday sha

Omooloriredade:
C and I Leasing.

Disclaimer - Not a recommendation to buy or sell

Great reward awaits you for this revelation.
It will not pass you by if you really want
Make sure you hold some of it.
Have a picture of what happened in Multiverse.

If you no have oando,comfort yourself here with a 100 to 500% returns in a short time.

Enjoy

I personally love the discussions here... A lot of decorum and maturity devoid of insults and childishness...

💕

Bagwa:
Oando Bid depth 48M

Today will be worst than yesterday sha

this is serious...that means it will get to #100 sooner than we think.

Bagwa:
Oando Bid depth 48M

Today will be worst than yesterday sha

How do you see the depth premarket?

Princkez:
this is serious...that means it will get to #100 sooner than we think.

Afreximbank that gave a loan of $650m did not look at the past performance of Oando aka FA, rather the future potential. A lot of people missed Oando because they were judging the company based on its past.

Oando is now the operator of the upstream assets and are already taking the bull by the horn with fantastic projections based on a presentation they did yesterday.

It's still not too late to enter for those still interested.

Locotrader:
Great reward awaits you for this revelation.
It will not pass you by if you really want
Make sure you hold some of it.
Have a picture of what happened in Multiverse.

If you no have oando,comfort yourself here with a 100 to 500% returns in a short time.

Enjoy

Caverton, Nko?