PETERiCHY:


It's no joke OANDO will drop below #7. early Last year i gave some stock picks ranging from fidelity to Transcorp to Fcmb etc and they all did well at that point in time but in the case of OANDO from onset i was screaming and issuing strong warning to everyone that it's strictly meant for "LONG TERM IDLE FUND" My obligation is to reveal what I saw in the spirit realms while the final decision remains all yours.

*ThE OcToPuS*

joseph1013:
All the figures you gave are exaggerated. It doesn't take away from the point you intend to pass to PETERiCHY though. I just hate exaggerations.

angelo82:
Costain to 35Naira?.............May God punish those who manipulated that useless stock.............

manie:
I can say he his 90% right, you can get the stock prices of the listed stocks in 2007 from proshare. Even Afroil a company that did not have an office because they had been eject, saw the stock price move from 50k to N7 within 2 month. Intercontinental bank that paid a dividend of about 30k and earning per share of less than N1 sold for N44. As a margin trader with FBN Capital I was able to buy Wema Bank for 80k and sold for between N9 and N10 within a year. The coming of the Karim Brothers to Costain through Shoreline saw the share price moved from 50k to N35 within 18 months. The market was very crazy between 2005 and 2007.

manie:
I can say he his 90% right, you can get the stock prices of the listed stocks in 2007 from proshare. Even Afroil a company that did not have an office because they had been eject, saw the stock price move from 50k to N7 within 2 month. Intercontinental bank that paid a dividend of about 30k and earning per share of less than N1 sold for N44. As a margin trader with FBN Capital I was able to buy Wema Bank for 80k and sold for between N9 and N10 within a year. The coming of the Karim Brothers to Costain through Shoreline saw the share price moved from 50k to N35 within 18 months. The market was very crazy between 2005 and 2007.

currentprice:


Thank you my grandfather on this share business,,,,,,, when i read joseph1013 post yesterday i understood he is a new comer to the business,,,,make he go check pre-2008 price of nse stock he go faint

angelo82:
Another major factor that led to loss of money is the fact that there was no online trading platform.............Even when the intercontinental/UBN issue was going on I couldn't sell my stock and I accepted the losses like that..............I hate that UBN stock with passion...........The takeover was fraudulent and thats why something like that will never happen to me again...........

joseph1013:
Interesting! Crazy world it must have been back then. No wonder, people sold their houses and lost the very clothes on their backs after the crash.

joseph1013:
Now I know. Apologies. How come most didn't use stop losses and kept watching their investments nosedive? It doesn't make sense.

cassimere:


The brokers were simply too powerfull. Investors were basically at their mercy, and they were usually answerable to the 'cowboys'.

And some people like us back then were plainly naive- I bought enough IPOs.lolz, sad...but true lol

manie:
Do you think stop loss can work in a crazy market where everybody and organisation were doing the same. Investors was buying the same stocks and selling similar stocks at the same time. I diversified my loot into real estate and money market instruments because the earnings of most of the banking, insurance and penny stocks cannot support their prices.

joseph1013:
Wait, are you saying that people were so powerless that they would watch N20 million become N5 million and still take no action? Accepted that there was no online trading for private individuals, but would one ask a broker to sell his stakes and such mandate would not be carried out?

manie:
Brokers were very powerful during that era and there was nothing like online trading for individuals in 2008. That was the era on non-availability of stocks for sale or purchase. My brokers always used my purchase instructions to first of all buy for themselves after buying enough quantity they would then buy mine 72 hours after the instruction.

manie:
Today na Sunday and you dey curse, I hope say you go church today. Traders paid for their greed, foolishness and laziness.Anybody who wants to make fast money, will lose the money faster than he made it. Unfortunately history always repeat itself.

joseph1013:
Now I know. Apologies. How come most didn't use stop losses and kept watching their investments nosedive? It doesn't make sense.

ihedioramma:
cool down my dear, we are all brother's and sister's in the LORD here, we dont use anger why replying a post or think we know it all . you are wellcome one love .

ihedioramma:
cool down my dear, we are all brother's and sister's in the LORD here, we dont use anger why replying a post or think we know it all . you are wellcome one love .

manie:
This Joseph does not believe in your Lord or religion, although that is a discussion for another thread. I am a Christain, but my mind is towards Agnostism.

LOL...Yeah, no Lord or Religion for me. That's in another thread. No need derailing.

Great thread we have here. I come in once in a while to make contributions and I always watch happenings here.

Respect to passwelle! Boss of bosses!

joseph1013:
Wait, are you saying that people were so powerless that they would watch N20 million become N5 million and still take no action? Accepted that there was no online trading for private individuals, but would one ask a broker to sell his stakes and such mandate would not be carried out?

ihedioramma:
for example, if you take your goat to market and know body ask you how much cant you take it back? thats proverb .

joseph1013:
LOL...Are you the self-appointed gatekeeper of the thread?

angelo82:
Costain to 35Naira?.............May God punish those who manipulated that useless stock.............

joseph1013:
LOL...Only the initiated can understand this. Sentence structure and punctuations in the right places might have helped though.

See, I come in peace! Not here to usurp your authority.

ihedioramma:
say what is good and dont come here to do any how . this room is a holy room is not just as the room you are coming out from . but who are you ? what time did you start to invest in nse? what of your age so i can know if you are up to in this room?.

ihedioramma:
say what is good and dont come here to do any how . this room is a holy room is not just as the room you are coming out from . but who are you ? what time did you start to invest in nse? what of your age so i can know if you are up to in this room?.

hbrednic:


Costain had an all time high of N86.38K ( i still have the figures on my spreadsheet )

ihedioramma:
for example, if you take your goat to market and know body ask you how much cant you take it back? thats proverb and that was what happen that time .

joseph1013:
LOL...Sire, again I bring no trouble. And I'm a nobody in the grand scheme of things. I think though that investment is not by how long you've been present or even by age. Pray tell, what experience did Buffett or Graham have when they started and how old were they? But then, what do I know!

cassimere:



This proverb...Chai chai