₦airaland Forum

I understand now

RodgersAkpafu:
They are not a scam
Their system is just......
Somehow

So lemme explain it in simple terms

For every asset on an exchange, there is the bid section (how much people are willing to buy) and the offer section (how much people are willing to sell)

So the highest bid price and the lowest offer price is always not the same
the highest bid price will always be lower than the lowest offer price (well most of the time)

the difference between the two is what we call the "spread" in finance

In some sectors, the spread is very small (eg banking stocks, you often see 50k to N1 gap )
some other industries it is much wider
Because Bamboo operates on the market buy Nd not limit buy/sell, what they do is as below

WHEN U WANT TO BUY SHARES. it will go and pick the offer price available there, which is always higher than the highest bid rate....

WHEN YOU WANNA SELL, it will now go to the bid side and pick the highest possible bid (the available one)
And like I said earlier, the highest bid will almost always be lower than the least offer price

That's why it appears that bamboo is cheating

The limit buy/sell function is mot there yet for some reason best known to them.

To circumvent this, you go for brokerages that allow you to exercise limit buy/sell function
meaning you buy or sell at your own set price, and the if the market doesn't accept your price, your trade fails

Thats why Bamboo trades don't fail
they pick the market price
but limit buy or sell can fail

Hope I didn't confuse anyone

UBA dividend landed smoothly.

purity2all:
UBA dividend landed smoothly.

Still waiting for mine lol

Blaqq2:
I understand now

I'm sure it's non Bank stocks you went to buy

purity2all:
UBA dividend landed smoothly.

😀😁

I hope Tony is coming to take Transcorp to newer heights after the reconstruction. It is now the only one without 1trn market cap

Sunrisepebble:
I hope Tony is coming to take Transcorp to newer heights after the reconstruction. It is now the only one without 1trn market cap

TRANSCORP will surprise us...

RodgersAkpafu:
They are not a scam
Their system is just......
Somehow

So lemme explain it in simple terms

For every asset on an exchange, there is the bid section (how much people are willing to buy) and the offer section (how much people are willing to sell)

So the highest bid price and the lowest offer price is always not the same
the highest bid price will always be lower than the lowest offer price (well most of the time)

the difference between the two is what we call the "spread" in finance

In some sectors, the spread is very small (eg banking stocks, you often see 50k to N1 gap )
some other industries it is much wider
Because Bamboo operates on the market buy Nd not limit buy/sell, what they do is as below

WHEN U WANT TO BUY SHARES. it will go and pick the offer price available there, which is always higher than the highest bid rate....

WHEN YOU WANNA SELL, it will now go to the bid side and pick the highest possible bid (the available one)
And like I said earlier, the highest bid will almost always be lower than the least offer price

That's why it appears that bamboo is cheating

The limit buy/sell function is mot there yet for some reason best known to them.

Just like when MTN said per second billing wasn't possible back in the day until Glo came in. All of a sudden, that which wasn't possible became possible. Scams come various forms.

Like 2 years ago I raised these concerns here about all these "Fintech" companies. There are good ones with good intentions but majority of get as e be. Yochaa is also a Fintech company, while they also a middle man but theirs is straight forward as long as you know how to set limit orders.

Wetin dey push transcorphot 106
Dangsugar 31

ojeysky:
Looks like over 1bn was traded on champion today Abi meristem app is acting up ni

More like someone is trying so hard to keep the price low in order to accumulate.

Mpeace:
Wetin dey push transcorphot 106
Dangsugar 31

Dangote sugar probably responding to a possible negative Q3 report

RodgersAkpafu:
I'm sure it's non Bank stocks you went to buy

I actually had both access and zenith

When be qualification date cos no dividend of any dividend paying stocks don reach my hand

purity2all:
UBA dividend landed smoothly.

Blaqq2:
When be qualification date cos no dividend of any dividend paying stocks don reach my hand

October 15

Mpeace:
Wetin dey push transcorphot 106
Dangsugar 31

Shey person go just count em losses for this Dangsugar

yMcy56:
You can't know a buy from sell except a bid or offer table is displayed.
Some transactions are Cross Deals, that is, crossing from one account to the other without necessarily showing who buys or sells what.
Bid or offer table will just let you see the bids and offers on ground.

Thanks for the explaination, when you mean bid or offer table , you are referring to this right.

NFA but if Transpower (50% stake) is at a market cap of 2.7trn and Transcohot (76% stake) has a market cap of 1trn then Transcorp itself should have no business trading at a market cap of <500bn. It should be a #100 stock post reconstruction

Princkez:
TRANSCORP will surprise us...

designking:
Dangote sugar probably responding to a possible negative Q3 report

Any idea when there Q3 result will be out?

Thank you.

We learn everyday...

RodgersAkpafu:
They are not a scam
Their system is just......
Somehow

So lemme explain it in simple terms

For every asset on an exchange, there is the bid section (how much people are willing to buy) and the offer section (how much people are willing to sell)

So the highest bid price and the lowest offer price is always not the same
the highest bid price will always be lower than the lowest offer price (well most of the time)

the difference between the two is what we call the "spread" in finance

In some sectors, the spread is very small (eg banking stocks, you often see 50k to N1 gap )
some other industries it is much wider
Because Bamboo operates on the market buy Nd not limit buy/sell, what they do is as below

WHEN U WANT TO BUY SHARES. it will go and pick the offer price available there, which is always higher than the highest bid rate....

WHEN YOU WANNA SELL, it will now go to the bid side and pick the highest possible bid (the available one)
And like I said earlier, the highest bid will almost always be lower than the least offer price

That's why it appears that bamboo is cheating

The limit buy/sell function is mot there yet for some reason best known to them.

To circumvent this, you go for brokerages that allow you to exercise limit buy/sell function
meaning you buy or sell at your own set price, and the if the market doesn't accept your price, your trade fails

Thats why Bamboo trades don't fail
they pick the market price
but limit buy or sell can fail

Hope I didn't confuse anyone

purity2all:
UBA dividend landed smoothly.

Smoothly at 2.41pm? Any congrats... i never receive

adewaleayandiji:
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We buy into companies here; we neither buy nor sell cats and dogs 😁
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We buy into companies here; we neither buy nor sell cats and dogs😁

vefexam:
Thanks for the explaination, when you mean bid or offer table , you are referring to this right.

Yes.

OandO. +2.00%
ETERNA. ±
ARADEL. ±

Blaqq2:
I just confirmed
Bamboo is just outright scam
Their charges to begin with is just funny
Plus the fact that they sell your stocks at the lowest possible option is just sad

They have Bamboo zled you

KarlTom:
OandO. +2.00%
ETERNA. ±
ARADEL. ±

Good job. Your efforts will not go unrewarded.
Oando will surely pay some reward for this Xmas, whether they like it or not

purity2all:
UBA dividend landed smoothly.

Abeg who else don receive smoothly o ? To buy grilled catfish dey hungry me o. And na UBA money I wan use buy

Princkez:
TRANSCORP will surprise us...

Negative or positive?

megawealth01:
Negative or positive?

with TRANSPOWER and TRANSHOLT results what do you expect....heavy positive

UBA pay me my interim.

UBA pay me my interim dividend

Princkez:
with TRANSPOWER and TRANSHOLT results what do you expect....heavy positive

WOW