specialmati:
pls how can i withdraw my money from morgan capital online platform

Half bread is better than none, So withdraw your money sharply take do better thing before you hear BUY BUY BUY or just GRAB it.

I am very worried about the leadership of the country..............That guy Buhari doesn't care about distribution of wealth...................He is not in tune with modern economic realities and as such stock market may suffer a lot under his regime......................

angelo82:
I am very worried about the leadership of the country..............That guy Buhari doesn't care about distribution of wealth...................He is not in tune with modern economic realities and as such stock market may suffer a lot under his regime......................

Exactly my thot..since the month of May .. too Bad

I noticed that the quantity traded in OandO has been very lean, 230k , today 705k units,
Please does that signify that investors are not selling or what ?, and why is the stock still on Full offer
will there be the possibility of a turn around is close-by, when there are no more sellers ??

cadno:
I noticed that the quantity traded in OandO has been very lean, 230k , today 705k units,
Please does that signify that investors are not selling or what ?, and why is the stock still on Full offer
will there be the possibility of a turn around is close-by, when there are no more sellers ??

More like investors aren't buying.

A turn around soon? Hmmm that one is hard o, with the way things are going, na to dey pray make e no touch 50k.lol

cassimere:


More like investors aren't buying.

A turn around soon? Hmmm that one is hard o, with the way things are going, na to dey pray make e no touch 50k.lol

It will turn around on Friday

please oando investor's dont sell if the money you use to buy is yours . topic must change nest week .

Agbalowomeri:


It will turn around on Friday

I hope so. Aside seeing my cash smoke on paper, there is this dude who calls himself my friend. He forms as though he's unhappy with what is happening with Oando, but deep down he's excited that I'm making a continuous loss. He compares the strenght of his portfolio with mine. I'll love to see him disappointed. To me, its not even about cash now, its pride. lool

PETERiCHY:
OANDO now @ N7:35k with no bid.

When i keep saying that STOCK MARKET is one the most organized gambling platform some keep arguing now we can all see for ourselves.

May GOD give those in that bus the fortitude to bear the loss.

my friend, what is your mission here?

What will it profit you if everyone stop buying Nigerian stocks and if it crashes... maybe you don't know, but that's what your post says all. Remember that someday you ll want to buy or sell.

Heeee! take it easy every country has their issues OK. Besides there is nothing you would say here to change much... pls dont be idle go make use of your time well.

Agbalowomeri:


It will turn around on Friday

when the market is green,I'm sure oando will follow

cadno:
I noticed that the quantity traded in OandO has been very lean, 230k , today 705k units,
Please does that signify that investors are not selling or what ?, and why is the stock still on Full offer
will there be the possibility of a turn around is close-by, when there are no more sellers ??

The bitter truth is that WALE and his GANGS has used that last week 75million units cross-deal to trap their last set of victim so henceforth they will allow the natural market forces to play out till they are they are ready to do what is in their mind.

Emotions , confusion, frustration ..several millions of naira lost on this forum ..some pple expressing their loss /some are keepin quiet , reading thru their comments you will know they re confused .. it takes Grace to overcome losses ..even me wey still dey make small change elsewhere i felt the Oando's loss ..know with time it will be a forgotten issue

Just notice today i have not been eating as much i used to , someone special saw me this morning and said i like the way u look now u have shed some weight .. I said am on diet ..she no no say na Oando result shake my body [ i dare not say it ]

I can't imagine people that on 3percent are goin thru

But all is well ..thats life

cassimere:
I hope so. Aside seeing my cash smoke on paper, there is this dude who calls himself my friend. He forms as though he's unhappy with what is happening with Oando, but deep down he's excited that I'm making a continuous loss. He compares the strenght of his portfolio with mine. I'll love to see him disappointed. To me, its not even about cash now, its pride. lool

lancee:
Just notice today i have not been eating as much i used to , someone special saw me this morning and said i like the way u look now u have shed some weight .. I said am on diet ..she no no say na Oando result shake my body [ i dare not say it ] I can't imagine people that on 3percent are goin thru
But all is well ..thats life

Una no go use laugh kill person amid this bear.

I need closure. Haaaaaaa. I need answers

cadno:
I noticed that the quantity traded in OandO has been very lean, 230k , today 705k units,
Please does that signify that investors are not selling or what ?, and why is the stock still on Full offer
will there be the possibility of a turn around is close-by, when there are no more sellers ??

It actually means there are no buyers as the stock has been on full offer for some days. It is well (in Myjoy's voice). The pains will alleviate soon. When Wale and co. have successfully drag the price of the stock to where they want it, they will enter the market with full force. So watch out for a spike in volume. I am not too sure ooo (I no be myjoy) . But it is well

cassimere:


More like investors aren't buying.

A turn around soon? Hmmm that one is hard o, with the way things are going, na to dey pray make e no touch 50k.lol

It is better the whole company go down to 50 kobo, so that we can take a better position with peace of mind and wait for the northern movement of the vehicle.

cadno:
I noticed that the quantity traded in OandO has been very lean, 230k , today 705k units,
Please does that signify that investors are not selling or what ?, and why is the stock still on Full offer
will there be the possibility of a turn around is close-by, when there are no more sellers ??

Nobody is buying that is why its on[b] ZERO bid[/b].

Lots of people that places sale order on Oando since Monday are having problems disposing the stock.

Hope Oando won't become another DAARCOMM and Dunlop

veecovee:
my friend, what is your mission here?

What will it profit you if everyone stop buying Nigerian stocks and if it crashes... maybe you don't know, but that's what your post says all. Remember that someday you ll want to buy or sell.

Heeee! take it easy every country has their issues OK. Besides there is nothing you would say here to change much... pls dont be idle go make use of your time well.

Yes every country has their issues but Nigeria own is too much.

Tell me where else regulatory body will allow such a big cap Public quoted company to be using their investors funds to play football without any serious fines or sanctions over the years ?

It took a coy as big as OANDO more than 9mths both their 2013 & 2014 F/Y results, and that has been the order of the day same with many other coys in NSE.

At the end of the day their ordinary shareholders are now bearing the BRUNT and Instead of their CEO to be apologetic he's on keke Marwa shining teeth with the first lady.

And you want me to encourage people to invest their hard earn money in such environment

http://www.proshareng.com/news/Capital%20Market/Afrinvest-Examines-Four-Disquieting-Issues-in-the-Market-Proshare/29051

[http://www.zerohedge.com/news/2015-10-28/crude-tipping-point-arrives-china-runs-out-space-store-oil]

Earlier this month, we reported that supertanker day-rates has soared to over $100,000 for the first time since 2008 even as Saudi Arabia was slashing its price (to a $3.20 discount to the benchmark with the largest price cut since 2012) which suggested that in an effort to shore up its reserves and capture more market share amid dwindling demand (and excess supply) - a price war has begun led by US ally Saudi Arabia, and China is hoarding crude at these low-low prices.

* * *
And then something very unexpected happened: the world quietly hit a tipping point when, according to Reuters, China ran out of space to store oil.

In a report explaining why "oil cargoes bought for state reserve stranded at China port" Reuters notes that "about 4 million barrels of crude oil bought by a Chinese state trader for the country's strategic reserves have been stranded in two tankers off an eastern port for nearly two months due to a lack of storage, two trade sources said."
One tanker, the Ocean Lily, loaded oil from the Omani port of Mina Al Fahal, Reuters' shipping data on Eikon showed.

It is unclear what crude Plata Glory is carrying.
The oil was part of a total of at least 6 million barrels of crude bought by Sinochem for government stockpiles, but destined for a commercial tank farm in the city of Weifang, connected with Huangdao with a pipeline, the trader and port source said.

The tank farm, with total storage of about 25 million barrels, is mainly owned by Shandong Hongrun Petrochemical Co, an independent refinery partly owned by Sinochem.

The delays will cost millions of dollars and indicate how China is struggling to import record amounts of crude if storage and port capacity at Qingdao, its largest oil import terminal, are unable to keep pace.

Ocean Lily and Plata Glory, two very large crude carriers carrying oil for Sinochem Corp, arrived at Huangdao, Qingdao's main oil terminal, in early September, and both were still at anchor this week, waiting to unload, according to Reuters' shipping data, and trade and port sources.

Meanwhile, as noted above, China has been scrambling to buy ever more oil, which is currently en route to Qingdao and other ports, where it took will remain inert as there is absolutely no uptake capacity at this moment.

According to a senior trader familiar with Sinochem's oil trading and cited by Reuters, the tankers "are both for SPR (strategic petroleum reserve), but no tank space is available to take that oil in."

As reported previously, China's crude oil imports rose nearly 9 percent in the first nine months of the year over a year earlier to 6.65 million bpd, driven partly by reserve building.

The problem, as this incident reveals, is that while China has been doing what it does best: stockpiling commodities,

it has had far less end demand for the raw material, and as a result the crude pipeline has gotten clogged up. And now, it appears that even oil meant to fill up its SPR (coming at a time when the US announced it would begin selling millions of barrells from its own Strategic Petroleum Reserve), is unable to get to its destination.

China said late last year the first phase of the government's emergency stockpile is storing about 90 million barrels of crude oil, with the construction of a second phase due by 2020, partly through private investment.

Huangdao is the site of one of China's first SPR tanks, with space for 20 million barrels of oil and also has plans for a second phase of similar size.

A recent move to increase competition for oil imports by granting quotas to independent refineries has added to congestion at Huangdao, where operations were already hampered following a pipeline accident two years ago. "Storage and berths were not ready for such a quick market opening," the trader said.

* * *
Broker reports show that Sinochem owns Ocean Lily, while Plata Glory was fixed on a six-month charter at around $37,750 a day in April, with an option to extend for another six months, putting the cost of keeping the two vessels idle at several million dollars.

* * *
And just like that China has, if only for the time being, run out of storage facilities.
How long until this translates into an actual drop in oil purchases, and even more importantly, how long until the U.S. itself finds itself in a comparable "overflow" bottleneck, leading to the next, and sharpest yet, drop in oil prices.

angelo82:
http://www.proshareng.com/news/Capital%20Market/Afrinvest-Examines-Four-Disquieting-Issues-in-the-Market-Proshare/29051

This ship is heading straight to the berg

PETERiCHY:
[http://www.zerohedge.com/news/2015-10-28/crude-tipping-point-arrives-china-runs-out-space-store-oil]

Earlier this month, we reported that supertanker day-rates has soared to over $100,000 for the first time since 2008 even as Saudi Arabia was slashing its price (to a $3.20 discount to the benchmark with the largest price cut since 2012) which suggested that in an effort to shore up its reserves and capture more market share amid dwindling demand (and excess supply) - a price war has begun led by US ally Saudi Arabia, and China is hoarding crude at these low-low prices.


* * *
And just like that China has, if only for the time being, run out of storage facilities.
How long until this translates into an actual drop in oil purchases, and even more importantly, how long until the U.S. itself finds itself in a comparable "overflow" bottleneck, leading to the next, and sharpest yet, drop in oil prices.

Crude oil prices drop should not be affecting downstream coy like Oando, FO and co.
Most of them are still small players compared to shell, chevron in the upstream sector.

In fact they should be making profits buying cheap refined product and selling higher to the Nigerian public through subsidies.

When confused and in doubt, just do nothing!

#Relax and sip ur garri

Federal Reserves leaves Rate Unchanged


http://www.cnbc.com/2015/10/28/fed-leaves-rate-unchanged.html

Let's not forget that everyone lives in two worlds. One is the reality we live in, and the other is the one we create for ourselves. Choose the best that fit your journey. These too shall eventually pass!