Zhirinovsky:
best of luck sir!

Oga check my epistle on this issue since abt 3 days ago and you would understand where most (not all cos Wale is truely a bad guy) of the bad news is coming from.

you cant blame Oga Kolaish he is only reporting what was in the press and not the author of the news. couple with the fact that he lost a sizable sum of money to Wales shananigan you would understand where he is coming from and why he decide not to touch Oando with a long pole

i lost considerable fortune to Wale shananigan and megalomaniac also, i am only able to look at oando dispassionately now because i had moved on (was very bitter before now also) and see if i can profit from his shananigan (a la jijo) instead of holding the bitterness against someone who doesn't know i exist.

so dont blame oga kolaish (you cant know how the shoe pinches until u wear it no matter the level of description given to you)

I am not blaming him for anything and I am sorry if he thinks otherwise. He wasnt even the one that made the post. I just spotted out a false accusation on the post.
Oga Kolaish I mean no disrespect sir .

robobo:


Oga check my epistle on this issue since abt 3 days ago and you would understand where most (not all cos Wale is truely a bad guy) of the bad news is coming from.

you cant blame Oga Kolaish he is only reporting what was in the press and not the author of the news. couple with the fact that he lost a sizable sum of money to Wales shananigan you would understand where he is coming from and why he decide not to touch Oando with a long pole

i lost considerable fortune to Wale shananigan and megalomaniac also, i am only able to look at oando dispassionately now because i had moved on (was very bitter before now also) and see if i can profit from his shananigan (a la jijo) instead of holding the bitterness against someone who doesn't know i exist.

so dont blame oga kolaish (you cant know how the shoe pinches until u wear it no matter the level of description given to you)

Thanks @robobo. I want to let you know that I am not the one that is posting bad news about Oando. My position is that any stock that is full of problems is a sign for any discerning investors to simply be cautious about such stocks. Some may still buy and make gain but the "caveat" must be taken seriously. No stock go down outrightly without showing signs of trouble for those that cares, remember Oceanic, Finbank and co.

I am not annoyed at all with Oando because It is not possible for me to keep gaining and not loose. if Warren Buffet and other notable investors have one time or the other lost, why wouldnt I. But I will fail in my responsibility as a member of this forum not to say my mind about the stock.

My opinion please.

Entries

- 2 types : buying pull backs or breakouts
- if u like pull backs , this is your season
- if u like breakouts , come back when prices break recent highs

For d pull backs team
- we are about 11 weeks into this pull back from recent highs , generally speaking
- stocks with a 50% retracement from their recent high shud be on your radar (use Fibs)
- u have to be patient with d pull back to gain good a good avg support entry
- be very patient , avoid itchy fingers loll

Since UBA close of register is tomorrow. When will they mark down the shares by 20K, is it date of register closure or date of payment?

fxuser:
Entries

- 2 types : buying pull backs or breakouts
- if u like pull backs , this is your season
- if u like breakouts , come back when prices break recent highs

For d pull backs team
- we are about 11 weeks into this pull back from recent highs , generally speaking
- stocks with a 50% retracement from their recent high shud be on your radar (use Fibs)
- u have to be patient with d pull back to gain good a good avg support entry
- be very patient , avoid itchy fingers loll

Oga mi sir, do we have any stock with a 50% retracement from their recent high

jinnyz:
Since UBA close of register is tomorrow. When will they mark down the shares by 20K, is it date of register closure or date of payment?

tomorrow.

#0.20k to be taken away from today's closing pricing

Guinness has retraced more than 50%

pluto09:



Oga mi sir, do we have any stock with a 50% retracement from their recent high

Prestige Assurance Plc

Proposed Share Reconstruction Dealing Members are hereby notified that Prestige Assurance Plc (prestige or the Company) has made an application to The Nigerian Stock Exchange for an Objection to its proposal to reduce the Company share capital from N2,685,216,000 being 5,370,432,000 ordinary shares of 50 kobo each to N1,908,705,000 being 3,817,410,000 ordinary shares of 50 kobo each in the issued and fully paid up ordinary shares of the Company. The share capital so reduced will be applied in writing off the capital of the Company which is lost or unrepresented by available assets. Prestige explained that the essence of the capital reconstruction is to enable the Company wipe out its accumulated retained losses of N776,511,000. It stated further, that the reconstruction will reposition the Company on a trajectory for subsequent accumulated retained profit, create more value to its shareholders, allow the Company to declare dividend and improve its perception in the market thereby making it more competitive. The foregoing is for your attention and information. Godstime Iwenekhai Acting Head, Listings Regulation Department

kolaish:
Thanks @robobo. I want to let you know that I am not the one that is posting bad news about Oando. My position is that any stock that is full of problems is a sign for any discerning investors to simply be cautious about such stocks. Some may still buy and make gain but the "caveat" must be taken seriously. No stock go down outrightly without showing signs of trouble for those that cares, remember Oceanic, Finbank and co.

I am not annoyed at all with Oando because It is not possible for me to keep gaining and not loose. if Warren Buffet and other notable investors have one time or the other lost, why wouldnt I. But I will fail in my responsibility as a member of this forum not to say my mind about the stock.

My opinion please.

My Oga i feel u. and appreciate a good citizen u have been on this forum.

in this game/ market we win some we lose some. the important thing is for the win to outweigh the loss.

Shalom

Zhirinovsky:
Guinness has retraced more than 50%

Guinness has not sold for more than N100 this year. 50% retracement is still far away.

fxuser:
Entries

- 2 types : buying pull backs or breakouts
- if u like pull backs , this is your season
- if u like breakouts , come back when prices break recent highs

For d pull backs team
- we are about 11 weeks into this pull back from recent highs , generally speaking
- stocks with a 50% retracement from their recent high shud be on your radar (use Fibs)
- u have to be patient with d pull back to gain good a good avg support entry
- be very patient , avoid itchy fingers loll

my oga bolded refer 11 weeks? i can only count 3 /4 from the high of 38198 in first week august

kindly shed more light here, u knw im a baby on this technical thing

wld appr8

pluto09:



Oga mi sir, do we have any stock with a 50% retracement from their recent high

yes oh
Ex: transcorp, diamond

robobo:


my oga bolded refer 11 weeks? i can only count 3 /4 from the high of 38198 in first week august
kindly shed more light here, u knw im a baby on this technical thing
wld appr8

not the index sir
some of the stocks that made new highs
Banking index is 3 to 4 weeks , ur spot on.

pluto09:


Guinness has not sold for more than N100 this year. 50% retracement is still far away.

Guinness is still in a downtrend ,(trading below long term MA's)
so a corrective bounce shud not be seen as a reversal.

The 50% retracement I am talking of is on recent gains.

pluto09:


Guinness has not sold for more than N100 this year. 50% retracement is still far away.

fxuser:



yes oh
Ex: transcorp, diamond

Thanks.
Diamond is on my watch list, anything below N1.10 will be good for me.
Lead us not into temptation is my prayer when transcorp is mentioned

Zhirinovsky:
The 50% retracement I am talking of is on recent gains.

OK.

Seems like we are fast approaching that raining season. Buy 1, get 2 free. We are patiently waiting.

mendes911:

Seems like we are fast approaching that raining season. Buy 1, get 2 free. We are patiently waiting.

I sense so too.

robobo:


Hello Chief

if the index breaks below 36k what other indicator / sign can one rely on to finally confirm that it is reversal and not retracement.

wld appr8 ur response.

in addition kindly note that there is 3 black crow already if u take monday into consideration, so this is looking like a more like a reversal than a retracement

Thank you Oga fxuser.

i wld appr8 if u respond to this enquiries i raised some days back

cos u still feel this is a retracement while it is looking like a reversal

Which do you refer as a corrective bounce sir, the surge from N66-N96.5? or the present downtrend

fxuser:



Guinness is still in a downtrend ,(trading below long term MA's)
so a corrective bounce shud not be seen as a reversal.

fxuser:



Guinness is still in a downtrend ,(trading below long term MA's)
so a corrective bounce shud not be seen as a reversal.

I need to see improvement in Guinness balance sheet before I can consider putting my money into it. I am not swayed by the sentiment of white superiority in management.
Profit is the koko

pluto09:


Thanks.
Diamond is on my watch list, anything below N1.10 will be good for me.
Lead us not into temptation is my prayer when transcorp is mentioned

Below N1.00 for Diamond and Fidelity will be nice. If it rains heavily this coming September, we might get there. Am waiting for those portfolio guys to get done with their dumping (Fidelity looks like the last stock they are dumping on people), only then will they get the rain makers to provoke a heavy downpour (they sure know how to do that).

My family and I sidon dey wait for them shaaa.

My heart felt condolence (though they will still recover) goes out to those that I sold my diamond at N1.48 and N1.31. Many thanks to una oooo. (N.B. I hope none of them are on this forum).

Market is seriously bleeding.
School fees in mind.
Preparing group for September entering junction.

pluto09:


I need to see improvement in Guinness balance sheet before I can consider putting my money into it. I am not swayed by the sentiment of white superiority in management.
Profit is the koko

God Bless you sir as per bolded

in fact bar any other thing u ve made my day with this statement

Chibuking81:
Market is seriously bleeding.
School fees in mind.
Preparing group for September entering junction.

I doubt market is bleeding yet, wait till GTB and Zenith starts bleeding.

I take side eye dey look all these guys buying fidelity. They must know what I don't know.

robobo:



God Bless you sir as per bolded

in fact bar any other thing u ve made my day with this statement

pluto09:


Thanks.
Diamond is on my watch list, anything below N1.10 will be good for me.
Lead us not into temptation is my prayer when transcorp is mentioned

loll
i cut out wen 1.40 failed
but dat 1.22 level and below is inviting
d bears have work to do

Oh my dear ELEPHANT! How are the mighty fallen!

mendes911:


I doubt market is bleeding yet, wait till GTB and Zenith starts bleeding.

I take side eye dey look all these guys buying fidelity. They must know what I don't know.

The market is a two way thing. One has to be prepared since nobody knows for certainly the direction the market will go.