₦airaland Forum

mendes911:
Fidelity might be bae for a quick 10% by the end of this week. The question now is whether to risk for the small fries (10%) or rather have the patience of Job and keep waiting for the big pay day.

#Uncertainties of Life.

mendes911:
That means you will sell them to me at below N1.00 (If you buy at N1.20, I expect your stop loss to trigger below N1 and being a gentleman, you will respect your stop loss).

fxuser:
Trading
- they tell u just Buy Low and Sell High , sounds very easy ... it's actually easier to end up selling low and buying high.

lolx #sigh

mendes911:
Can you explain more please?

sellydion:
The king of the mattress! Nobody knows it all, for me to wound

the market go try. Never say never shaa. Seriously I enjoy this bear

Many stocks are coming down for another round of loading. Being bold

does not say you should enter market without knowledge.

No matter how, at the heart of trading or investing is risk management.

fxuser:
if u suffer from itchy fingers like me , just keep d amounts very very small . .

fxuser:
just comparing % drops from 52 wk highs ! some charts are very scary esp d ones wt prices breaking below their 200 moving avg

DeRuggedProf:
Diamondian prisoners are occasionally taken out to work, some refuse to return, others are faithful, the prison facilities continue to deteriorate...
Bet on nothing when it comes to Nigerian managers.
I once thought Diamond will never visit sub N2.00 not knowing a pig will always return to its base..
How this guy is so efficient in mismanaging this bank amazes me..

fxuser:
deriz no better teacher dan Mr bear , Mr bull is too forgiving

mendes911:
Fidelity might be bae for a quick 10% by the end of this week. The question now is whether to risk for the small fries (10%) or rather have the patience of Job and keep waiting for the big pay day.

#Uncertainties of Life.

TLAX:
Lol....

Easier said than done otherwise there would be more successful stockmarket traders/speculators/investors than those who gave up along the way out of frustration and despair.

Now to all my fellow players in this and other markets although i suspect you know these already... from insightful information i have pieced together from many sources - Less than 7% of SM participants get really rich from doing business in the markets - Equity, futures, currency (even worse here) etc. About 30% breakeven after years of trying, and the rest just give up and move on to something else.

Another interesting thing from reading Warren Buffets Letters to shareholders for 2016 and 2017, although this is conventional wisdom, lots of folks are much better off by just investing in index funds. In Nigeria we have quite a few promoted by leading brokers and investment banks. They do this thing for a living.

Now, Another Insight, There is no one way to make money from the markets. You need to constantly evolve. A strategy that made money 3 years ago can backfire and cost you your fortune. Your focus should be on making money and not on particular shares you hold. Emotional attachment is dangerous.

From personal experience...If you want to make thripple digit returns, it can't be found in the well managed and stable companies with nice financials. Those ones will deliver nice annual returns that beat returns on government securities by a mile. Thripple digit returns are in distressed stocks...NOTE:Distressed stocks, not DISTRESSED COMPANIES. There are about 3 i see clearly in the market now. It takes a measure of boldness, healthy risk appetite and research into these companies to unlock the returns. Never forget your statistics 101 lessons on Probability.

Be Greedy at the right time, fearful at the right time and never let over-confidence and over-familiarity with the market kick in. Otherwise, the market will get you.

RabbiDoracle:
You seem to have injured badly.

Take it easy bro.

fxuser:
lollx d many limitations of not having unlimited capital

fxuser:
no mind d MM, he shud try N2.05 nah and see if buyers wont turn up

mendes911:
The market needs to go down before these bulls can surface again. It's been long over due.

mendes911:
OhOk. Thanks. All these charts toorrr, that was how I followed one chart once and got lost. You are doing OK reading them, enjoy.

fxuser:
u seem to be taking it wrongly ..

RabbiDoracle:
I like this. Did you compose this?

TLAX:
Yes o. My random thots.

mendes911:
Chief, what if the MM over powers the buyers at N2.05? Remember how Jesus Christ feed 5,000 with 5 loafs of bread and 2 fishes and still had excess in surplus.

I pray none of the heavy weight with so much shares decides to offload (not that am not wishing for this shaaa).

Chibuking81:
Most stock struggle to maintain Monday high, but there was no enough fuel. Tomorrow is another day.
#42 is not far for GTB to visit, it will happen soon. UBA will visit sub #10.90 this week, FCMB their MM are losing strength, and might visit #2.30 this week, may be their MM needed money to defend Fidelity.

Why UCAP don't want to visit sub #3, Afriprudent sub #4. Patience is the answer, many are waiting at various junction for the vehicle to arrive.
For now no news to usher in Mr bull, Bear will still dominate the market this week.

It's time to look for sound fundamental stock to fix in your money for 3 months, 6 months and 12 months at 10%/ 20% and above interest rate.

Stocks for 2 months fix deposits from now are
1. Flour mill @ #32/ 34
2. Honeyflour #2.40 or below
3. Cutix. @ #3
4. Conoil. @ #30
5. UBA @ #10.50/10.80
6. Zenith bank @#27.50
7. GTB @ #42

For Nine months
1. Eterna @ #5.30/ #5/50
2. UCAP @ #3 or below
3. Afriprudent #3.70 ( one with patience can get it)
4. Zenith @ # 27.50
5. GTB @ #42
6. UBA @10.50/ 10.80
7. fidelity @ #2.15/2.20
8. FCMB @ #2.20
9.Julius berger @ #27/ 27.50
10. Transcorp @ #1.40
11. Ikeja hotel @ #1.86/ #2

Based on personal findings, you can add yours.

Chibuking81:
Is like most stock are dancing so soon to the above quoted price.
Patient is the answer.

Chibuking81:
Is like most stock are dancing so soon to the above quoted price.
Patient is the answer.

fxuser:
CBN MPC outcome
- maintains status quo
- MPR 14%, CRR 22.5%, LR 30%

fxuser:
CBN MPC outcome
- maintains status quo
- MPR 14%, CRR 22.5%, LR 30%

TLAX:
Lol....

Easier said than done otherwise there would be more successful stockmarket traders/speculators/investors than those who gave up along the way out of frustration and despair.

Now to all my fellow players in this and other markets although i suspect you know these already... from insightful information i have pieced together from many sources - Less than 7% of SM participants get really rich from doing business in the markets - Equity, futures, currency (even worse here) etc. About 30% breakeven after years of trying, and the rest just give up and move on to something else.

Another interesting thing from reading Warren Buffets Letters to shareholders for 2016 and 2017, although this is conventional wisdom, lots of folks are much better off by just investing in index funds. In Nigeria we have quite a few promoted by leading brokers and investment banks. They do this thing for a living.

Now, Another Insight, There is no one way to make money from the markets. You need to constantly evolve. A strategy that made money 3 years ago can backfire and cost you your fortune. Your focus should be on making money and not on particular shares you hold. Emotional attachment is dangerous.

From personal experience...If you want to make thripple digit returns, it can't be found in the well managed and stable companies with nice financials. Those ones will deliver nice annual returns that beat returns on government securities by a mile. Thripple digit returns are in distressed stocks...NOTE:Distressed stocks, not DISTRESSED COMPANIES. There are about 3 i see clearly in the market now. It takes a measure of boldness, healthy risk appetite and research into these companies to unlock the returns. Never forget your statistics 101 lessons on Probability.

Be Greedy at the right time, fearful at the right time and never let over-confidence and over-familiarity with the market kick in. Otherwise, the market will get you.

Mpeace:
Thise pple sef.

fxuser:
CBN MPC outcome
- maintains status quo
- MPR 14%, CRR 22.5%, LR 30%

RabbiDoracle:
I dey wait for them at sub 1.2

fxuser:
if u suffer from itchy fingers like me , just keep d amounts very very small . .