₦airaland Forum

SonofElElyonRet:
It's poverty mentality. Stocking up money while needs remain unmet and poverty runs amok

For an import dependent economy? I hope you know what reserves are used for

Starpro87:
Good day, bro.

So I was able to move the funds in my wallet, after which I was able to place order for stock.

For almost 2 days, it is saying executing .

Is that alright, or something is still missing?


Please note that I'm new in this whole stock stuff.
Thanks and thanks again.

It means that no seller has matched your imputed price. You can either leave it at that price till a seller marches it or increase the price a bit, or input purchase at market prices. If you look at the screen well you will also see the order book which lists the different quantity offered and prices and different quantities bidded and prices. You can take it from there.

Sometimes not being able to buy at the price you feel is fair is an opportunity to reassess the stock.

Agbalowomeri:
For an import dependent economy? I hope you know what reserves are used for

No i don't. Lecture me...
Part of that money is needed domestically

My stockbroker just shared on WhatsApp platform that union dicon resumes production

SonofElElyonRet:
It's poverty mentality. Stocking up money while needs remain unmet and poverty runs amok

Haaa.. this your perspective get as e be o.

Foreign reserves is not for the purpose of providing social amenities, it's to guarantee value of the local currency.

The government at all tiers have what's called budget, I think that's what they should plan and implement well to alleviate poverty, not draining the external reserves as you seem to prefer.


If anything, there's a strong correlation between reserves movement and the value of the currency. When the currency is worth more, citizens simply have more purchasing power with their local currency.


Maybe tokunbo Corolla will again go below N5m in a few months.

Even I am sort of waiting a few months to see if USD crashes more before I make a car purchase. N200 gains on $30k is N6m.

Even N100 gain is N3m difference.

https://www.youtube.com/watch?v=W7uKvkoJe5A

A few stocks I'd be watching closely in today's trading session on the NGX.

https://open.spotify.com/episode/3nMn0Ylei13FEc4GIC8Kpk

A few stocks I'd be watching closely in today's trading session

SonofElElyonRet:
My stockbroker just shared on WhatsApp platform that union dicon resumes production

It's been in the news since last August. An elaborate event was held to herald it.

chimex38:
#On numbers
We don't have depth yet on NGX. So much money chasing few stocks and liquidity; even the dead ones will rise again.

Also our economy hasn't been stable yet on so many fronts for easy predictions and forecast. Hence so many forecasts might dissapoint.

Our import dependent economy also renders the numbers a bit redundant since internal businesses largely depends on external economy and international markets happenings to opererate.


Going forward,
-if the tax issues are harmonized,
-forex becomes less fluctuating,
-We have an export trade surplus,
-Improve self sufficiency gap in major raw materials input for industries,
-More market depth- listing of companies that highly correlates NGX input with our GDP
-Improved spread, float and liquidity on some stocks,

then we will have much more aligned stocks whose numbers closely predict forecasts on an economy with little impact from internal and external shocks.

But for now, it works if applied to stocks that align +vely with it.
The situation is to identify those that are more tilted towards the numbers by the MM.
and apply others metrics like TA, sentiment,etc heavily for other stocks.

Yeah,

PropTrader:
It's been in the news since last August. An elaborate event was held to herald it.

Oh ok .

awesomeJ:
Haaa.. this your perspective get as e be o.

Foreign reserves is not for the purpose of providing social amenities, it's to guarantee value of the local currency.

The government at all tiers have what's called budget, I think that's what they should plan and implement well to alleviate poverty, not draining the external reserves as you seem to prefer.


If anything, there's a strong correlation between reserves movement and the value of the currency. When the currency is worth more, citizens simply have more purchasing power with their local currency.


Maybe tokunbo Corolla will again go below N5m in a few months.

Even I am sort of waiting a few months to see if USD crashes more before I make a car purchase. N200 gains on $30k is N6m.

Even N100 gain is N3m difference.

But what determines the amount to be saved in the foreign reserve? Can it be surplus to requirement? Can't part of it be deployed instead of your crazy borrowings

Ginalex:
me too

can you say that again 😂?

SonofElElyonRet:
But what determines the amount to be saved in the foreign reserve? Can it be surplus to requirement? Can't part of it be deployed instead of your crazy borrowings

So Dangote should have sold his companies to build the refinery instead of the crazy borrowings

Agbalowomeri:
So Dangote should have sold his companies to build the refinery instead of the crazy borrowings

The guy is not a business man jare

Agbalowomeri:
So Dangote should have sold his companies to build the refinery instead of the crazy borrowings

Not on all fours.. wrong analogy. Dangote is a business and purely profit driven

Ding

Agbalowomeri:
So Dangote should have sold his companies to build the refinery instead of the crazy borrowings

The effects and implications of borrowings are not exactly the same for a sovereign (national govt) and a corporate entity.

emmanuelewumi:
The guy is not a business man jare

Replace bolded with "government"

mikeapollo:
The effects and implications of borrowings are not exactly the same for a sovereign (national govt) and a corporate entity.

No mind the parochial duo
Modified: trio

SonofElElyonRet:
No mind the parochial duo
Modified: trio

Seems you don't understand that the level of your foreign reserves correlates well with the standard of living that you are advocating for. Why do you think the economy is stabilising

Agbalowomeri:
Seems you don't understand that the level of your foreign reserves correlates well with the standard of living that you are advocating for. Why do you think the economy is stabilising

Agba!!!
Positivity galore for the economy!
But when it gets to NGX, you tighten your face. Hope you are also positive that NGX go blow this year and Access and other stocks go hit 100%

Na to look for another bank to buy. No dulling, No time to check time.
The Acquisition must continue, to ...ell with share holders.

Very unrepentant people.

Mpeace:
Na to look for another thank to buy. No dulling, No time to check time.
The Acquisition must continue, to ...ell with share holders.

Mpeace:
Na to look for another thank to buy. No dulling, No time to check time.
The Acquisition must continue, to ...ell with share holders.

I hope and pray that the business models that priotises acquisitions left, right and center works perfectly at the end of the day.

mikeapollo:
Agba!!!
Positivity galore for the economy!
But when it gets to NGX, you tighten your face. Hope you are also positive that NGX go blow this year and Access and other stocks go hit 100%

So NGX never blow reach, all the way from 45k?

Agbalowomeri:
So NGX never blow reach, all the way from 45k?

The one that enters my pocket is what matters ooo
I don't necessarily benefit when Otedola or Elumelu pump and dump their shares to blow NGX

debeey87:
Very unrepentant people.

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

Are you still in 100% cash?

Agbalowomeri:
So NGX never blow reach, all the way from 45k?

The ''mighty' USofA is heavily indebted (about $38tn)...

mikeapollo:
The effects and implications of borrowings are not exactly the same for a sovereign (national govt) and a corporate entity.

Streaming is so slow today .....
It didn't even commence at 10am on the dot....
Data of 10.01 at 10.34
It's well..

Meanwhile, CHAMS buy one get one free....😁
MasterCard has only only 90 days to appeal....and if not done, they'll be slammed with payment of damages to the tune of N114bn......
Countdown should be from Dec 11th if I'm right..
After all, it's a big company self, how much is $360m to them.....
Let them pay CHAMS and close the matter joor.....😁

Btw, I don't think I've marketed any stock here before....
Will just post and be reposting on the reason why such stock is good I think.....
When someone was dumping JAIZBANK @N1.50 that time, guess my posts are marketing post shey? Lol.

The person offloading should just keep clearing the bids on the table nah

The vision is for an appointed time (2022-2027)

Mpeace:
Na to look for another thank to buy. No dulling, No time to check time.
The Acquisition must continue, to ...ell with share holders.