mails4funshi:
Trove keeps cancelling my order, I can not seem to figure out what is wrong

Suffered the same.
They confirmed it was a system error.

OakPearl:

Trove and Chaka. Please who can confirm that Chaka's exchange rate is truly N362 to $1? I spoke with a Trove official today and he disputes it seriously.

Chaka exchange rate today is 364/$

Ibrahim505:

Chaka exchange rate today is 364/$

N366/$ when I tried....

N363/$ now.

DeRuggedProf:


N366/$ when I tried....

Many thanks guys for your responses.
It means there is a serious fluctuation with Chaka's exchange rates.

Watching LL and OSTK

ALLY

It was oversold after a recent acquisition. Currently priced at $29.48. It was at $33 before the acquisition.

Market looking bearish today.
Pull backs come with great opportunities.
More work required to pick the safest stocks.
Apply patience in buying stocks on your watch list.

YerYer:
Watching LL and OSTK

Will watch.

YerYer:
ALLY

It was oversold after a recent acquisition. Currently priced at $29.48. It was at $33 before the acquisition.

Nice update.
Will run through also.

OakPearl:
Good evening and happy new year to you all.
After months of ruminating over this idea, I am glad to manage the time to create a tread like this.
This tread is to further open Nigerians and foreigners alike who have the same passion of wealth creation via investing in the United States stock markets.
As you may know, the market in the US is mirrored by the indices such as the Dow Jones Industrial Average (DJIA), The Standard & Purse (S&P) and the NASDAQ.
The whole essence is to have a pool of both inexperienced but interested would-be investors, and experienced resource persons who are willing to give back to the society by making informed analysis and opinions on the developments in the world markets and how members of this forum can make informed investment decisions accordingly.
I have tasted a bit of this market and can confirm that the world is a global village and that anyone can trade in the US market and make real US dollars from profits made.
For instance, I took a good look at the newly listed company called Virgin Galactic with thicker symbol (SPCE) and bought some shares at $8.20 on the 9th of December 2019. After watching it for a while and doing some more due diligence, I bought much more on the 10th of December 2019 at $9.23 as it kept rising.
As I type this piece to create this tread today the 4th of February 2020, it is trading at $19.56 per share! And am not a genius.

Gentle men and ladies, we can make a lot of money if we pool our wealth of knowledge and turn it into tangible financial cash cow.
This is not a get rich quick scheme, never a ponzi scheme, neither is this intended for any sort of internet fraud.
Wealth requires hard work (mental and intellectual) mixed with a good dose of patience.
I believe we are very many out there looking for legitimate source of building wealth.
This is just one more avenue we can utilize to team up together to accelerate our financial freedom.
Knowledge they say is power, but until acquired knowledge is applied, there can never be power.

Therefore I humbly declare this forum open to all chartists, fundamentalists, and freshers alike.
Lets keep it simple, no fighting or bullying , be of matured conduct, engage intelligently, add some humour, have lots of fun and of course make money together in the process.
Wow...the Dow has already jumped 500 points today , rebounding from the slide caused by the coronavirus in China!
Let me see how this reflects on my portfolio.


Cc:
toluway
obagadaffi
Quant
Yeryer
zPixel
kafeii123
ifeykay
nonfarmpayrol
zamirikpo
lexicot
brandable

Who's your broker?

Brukx:
Who's your broker?

Trove is the Nigerian Fintech intermediary that enables me trade from Nigeria.

OakPearl:


Trove is the Nigerian Fintech intermediary that enables me trade from Nigeria.

I'm checking their site. Seems cool. Looks like they carry out NSE deals too

YerYer:
Watching LL and OSTK

OSTK looking interesting.
More work to do on it this weekend.

Brukx:
I'm checking their site. Seems cool. Looks like they carry out NSE deals too

Yes.
You can trade Nigerian stocks and other commodities/investment options.

OakPearl:


Yes.
You can trade Nigerian stocks and other commodities/investment options.

can I receive dividends there?

Brukx:
can I receive dividends there?

Yes if you mean receiving dividends for your US stocks.
I had made that enquiry with Trove.
They confirmed that dividends are credited to your trading account directly.

nna777:
My people. I was researching on Gilead Sciences Stock. (GILD). It's set to rebound from its current low of $66 in the coming weeks. Its previous 52weeks high was $117.

Does anyone have additional info

Just checked. It closed $67.56 on Friday. Part of the top gainers. Technicals showing strong buy. They are the ones experimenting a cure for the coronavirus

I posted about the above stock a week ago. It closed higher today. refer to my initial post for better understanding. gained $2.70 today.

nna777:


I posted about the above stock a week ago. It closed higher today. refer to my initial post for better understanding. gained $2.70 today.

Very pleased with your gains bro.
Did a quick check just now and found some interesting details.

GILD is a large-cap biotech company that has been out of favor for a few years, with price weakness tied to past drug pricing failures and seeing its once-dominant hepatitis C market share decline.

However, the upside of Wall Street’s bearishness is that Gilead shares are now dirt cheap relative to its S&P 500 peers and sport an attractive 4% dividend.

Furthermore, the price chart is also in agreement that now is the time to take the other side of today’s investor pessimism. Since forming a Fibonacci-supported double-bottom pivot in December 2018, Gilead shares have established a symmetrical triangle built over 14 months. This month’s announced sales beat for the company resulted in the contrarian stock breaking above pattern resistance before settling back into a test of the triangle for support.

Overall, the price action appears bullish while skewing the risk profile heavily in favor of buying shares now.

Gilead Stock Strategy: I’d suggest buying this contrarian stock right now and setting a stop at $63.70. The exit contains risk to about 5% and only closes the position if Gilead’s February low and the pattern’s apex line fail. On the upside, $78 to $83.50 looks about right for profit-taking as shares challenge Fibonacci resistance and GILD’s 2018 high
See the chart below.

STOCK FOCUS

Tocagen Inc. (TOCA) $1.90

When a stock is gaining over 100% in a down market, you've got to pay attention!

Maybe this should have been posted Monday morning but I couldn't wait to post this one.
That's because I witnessed what I have never experienced before.
For the first time, I remained glued to my screen looking at the behaviour of only one stock for 30 minutes!

It was past trading time last night after 9.30pm Nigerian time, but the usual market makers trading was still on so I was able to see this stock trade from 42m shares around $1.88 until it rose to a day's high of $2.35 and came down back to close at $1.90 with a total of 50.4m shares traded finally.

I saw that it opened the day at a mere $0.90, meaning at a closing price of $1.90, this stock gained a whole $1.00/share, translating to a whopping 111% gain in one day!
It has now gained 292% in the last 5 days, 210% in the last 1 month, and 256% from January to date.

This is such an "unreal" or out-of-this-world return I had to look for information why this is happening. I wondered if this could be a typical case of what is called "Pump & dump" especially when the last info I could lay my hands on was an article written since Sept. 2019 about how the stock had slumped from an all time high of $17.95 to a terrible low of $0.42.

I continued my search all night until alas I found the reason at about 4am.
Tocagen is merging with Forte Biosciences.
It was announced during their Conference Call on February 20, 2020.

A good entry and exit timing will surely make you some serious gains on Monday.
N/B:
Do your due diligence.
You are the CEO of your portfolio.

The oracle of Omaha has spoken.

While Warren Buffett doesn't prognosticate on where interest rates are heading, the legendary 89-year-old investor expects stocks to continue to outperform bonds over time.
"Our perhaps jaundiced view is that the pundits who opine on these subjects reveal, by that very behavior, far more about themselves than they reveal about the future. What we can say is that if something close to current rates should prevail over the coming decades and if corporate tax rates also remain near the low level businesses now enjoy, it is almost certain that equities will over time perform far better than long-term, fixed-rate debt instruments,” Buffett wrote in Berkshire Hathaway’s (BRK-A, BRK-B) widely-read annual letter.
Buffett has long argued that stretched stock market valuations are justified by the fact that interest rates are at historically low levels. On Friday, the 30-year Treasury bond yield fell to a record low.
That said, Buffett cautioned that his "rosy prediction" for equities "comes with a warning."


"Anything can happen to stock prices tomorrow,” he said. “Occasionally, there will be major drops in the market, perhaps of 50% magnitude or even greater. But the combination of The American Tailwind, about which I wrote last year, and the compounding wonders described by Mr. [Edgar Lawrence] Smith, will make equities the much better long-term choice

FOR THE INDIVIDUAL WHO DOES NOT USE BORROWED MONEY AND WHO CAN CONTROL HIS OR HER EMOTIONS . Others? Beware!"

In the opening of this year's letter, Buffett highlighted a once "obscure economist and financial advisor," Edgar Lawrence Smith, whose 1924 book “Common Stocks as Long Term Investments” would change the investment world. Specifically, the main takeaway from the book is that well-run companies retain and reinvest earnings to grow the business. Today, as Buffett points out, this once novel idea is now well-known: "combining savings with compound interest works wonders."

Berkshire Hathaway's top stock holdings.
Berkshire Hathaway's top stock holdings.
Elsewhere, Buffett touted Berkshire Hathaway's $248 billion stock portfolio, which includes names like American Express, Apple, and Delta Airlines. Rather than stock holdings, Buffett views these as companies Berkshire Hathaway "partly owns." He added that these are companies "earning more than 20% on the net tangible equity capital required to run their businesses" and are profitable "without employing excessive levels of debt."

"Returns of that order by large, established and understandable businesses are remarkable under any circumstances," Buffett wrote. "They are truly mind-blowing when compared to the returns that many investors have accepted on bonds over the last decade — 2 1/2% or even less on 30-year U.S. Treasury bonds, for example.

And I nearly placed my order after my own analysis on the same stocks while it traded $0.80. Nevertheless, I wasn't too convinced then. And when I finally placed my order yesterday, it got rejected twice by Trove. A big lesson learned.

OakPearl:
STOCK FOCUS

Tocagen Inc. (TOCA) $1.90

When a stock is gaining over 100% in a down market, you've got to pay attention!

Maybe this should have been posted Monday morning but I couldn't wait to post this one.
That's because I witnessed what I have never experienced before.
For the first time, I remained glued to my screen looking at the behaviour of only one stock for 30 minutes!

It was past trading time last night after 9.30pm Nigerian time, but the usual market makers trading was still on so I was able to see this stock trade from 42m shares around $1.88 until it rose to a day's high of $2.35 and came down back to close at $1.90 with a total of 50.4m shares traded finally.

I saw that it opened the day at a mere $0.90, meaning at a closing price of $1.90, this stock gained a whole $1.00/share, translating to a whopping 111% gain in one day!
It has now gained 292% in the last 5 days, 210% in the last 1 month, and 256% from January to date.

This is such an "unreal" or out-of-this-world return I had to look for information why this is happening. I wondered if this could be a typical case of what is called "Pump & dump" especially when the last info I could lay my hands on was an article written since Sept. 2019 about how the stock had slumped from an all time high of $17.95 to a terrible low of $0.42.

I continued my search all night until alas I found the reason at about 4am.
Tocagen is merging with Forte Biosciences.
It was announced during their Conference Call on February 20, 2020.

A good entry and exit timing will surely make you some serious gains on Monday.
N/B:
Do your due diligence.
You are the CEO of your portfolio.

I have officially closed my account on Trove. Their rip off is too much. Imagine charging $2.5 for every order no matter how small, outside conversion rate of 368.8/$. Coupled with their app anomaly. I will end up working for them. I think I'd rather stick with Etoro, pending when I get a better alternative.

The Oracle has spoken.

Amotekun2020:
The oracle of Omaha has spoken.

While Warren Buffett doesn't prognosticate on where interest rates are heading, the legendary 89-year-old investor expects stocks to continue to outperform bonds over time.
"Our perhaps jaundiced view is that the pundits who opine on these subjects reveal, by that very behavior, far more about themselves than they reveal about the future. What we can say is that if something close to current rates should prevail over the coming decades and if corporate tax rates also remain near the low level businesses now enjoy, it is almost certain that equities will over time perform far better than long-term, fixed-rate debt instruments,” Buffett wrote in Berkshire Hathaway’s (BRK-A, BRK-B) widely-read annual letter.
Buffett has long argued that stretched stock market valuations are justified by the fact that interest rates are at historically low levels. On Friday, the 30-year Treasury bond yield fell to a record low.
That said, Buffett cautioned that his "rosy prediction" for equities "comes with a warning."


"Anything can happen to stock prices tomorrow,” he said. “Occasionally, there will be major drops in the market, perhaps of 50% magnitude or even greater. But the combination of The American Tailwind, about which I wrote last year, and the compounding wonders described by Mr. [Edgar Lawrence] Smith, will make equities the much better long-term choice

FOR THE INDIVIDUAL WHO DOES NOT USE BORROWED MONEY AND WHO CAN CONTROL HIS OR HER EMOTIONS . Others? Beware!"

In the opening of this year's letter, Buffett highlighted a once "obscure economist and financial advisor," Edgar Lawrence Smith, whose 1924 book “Common Stocks as Long Term Investments” would change the investment world. Specifically, the main takeaway from the book is that well-run companies retain and reinvest earnings to grow the business. Today, as Buffett points out, this once novel idea is now well-known: "combining savings with compound interest works wonders."

Berkshire Hathaway's top stock holdings.
Berkshire Hathaway's top stock holdings.
Elsewhere, Buffett touted Berkshire Hathaway's $248 billion stock portfolio, which includes names like American Express, Apple, and Delta Airlines. Rather than stock holdings, Buffett views these as companies Berkshire Hathaway "partly owns." He added that these are companies "earning more than 20% on the net tangible equity capital required to run their businesses" and are profitable "without employing excessive levels of debt."

"Returns of that order by large, established and understandable businesses are remarkable under any circumstances," Buffett wrote. "They are truly mind-blowing when compared to the returns that many investors have accepted on bonds over the last decade — 2 1/2% or even less on 30-year U.S. Treasury bonds, for example.

Here's a complete Berkshire VS S&P 500 Performance
from 1965-2019 with Warren's 2019 letter to the coy's shareholders.

millennium2012:
The Oracle has spoken.

millennium2012:
And I nearly placed my order after my own analysis on the same stocks while it traded $0.80. Nevertheless, I wasn't too convinced then. And when I finally placed my order yesterday, it got rejected twice by Trove. A big lesson learned.

Wow...that would have been you making over 100% in one day.
Not an easy decision to make without the supporting details.
Still has some gas in it though.

Ride on guys, I am really enjoying being here.

My fears are just with the rather pessimistic tone of some as regards the operations of Trove. You guys mentioned Chaka at sometimes but you haven't said anything much about bamboo. All these names and your reviews of them don't exude confidence at all. Trading stocks is risky enough. It looks like these brokers have not perfected their app for a lot of people to give negative reviews of their app messing up and not executing trades. Then there is this complaints of Trove overcharging.

My question is for those who have experience with these brokers. Which is better in terms of friendly commissions, speed execution of trades, withdrawals and ease of funding. What about they spread? Which broker has the tightest spread and also commission. Want to fund bamboo or Trove but don't want to keep dashing my profits to these guys all in the name of unfavourable exchange, large spread, commissions and other hidden charges.

Chaka added limit option on platform
Chaka opted for alternative way to compensate for the profit lost as a result of delay execution of buying and selling orders.
Chaka increased exchange rates conversion.
Nigeria start up companies are not here to serve the masses, rather to take maximum benefits from your money.
They knew that Nigerians would flock to them.
Hopefully, the international brokerage platforms will open up for Nigerians in the future once the identity issue and TIN are fully functional.
For now, investors have limited choices

I don't know your plan for this year but I have decided to join the Grand Contributors of Team Bulldozer.

Team Bulldozer is a team of high flying experts in various fields who have the common GOAL of saving people from the bondage of different diseases while making millions in the process.

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OakPearl:


Very pleased with your gains bro.
Did a quick check just now and found some interesting details.

GILD is a large-cap biotech company that has been out of favor for a few years, with price weakness tied to past drug pricing failures and seeing its once-dominant hepatitis C market share decline.

However, the upside of Wall Street’s bearishness is that Gilead shares are now dirt cheap relative to its S&P 500 peers and sport an attractive 4% dividend.

Furthermore, the price chart is also in agreement that now is the time to take the other side of today’s investor pessimism. Since forming a Fibonacci-supported double-bottom pivot in December 2018, Gilead shares have established a symmetrical triangle built over 14 months. This month’s announced sales beat for the company resulted in the contrarian stock breaking above pattern resistance before settling back into a test of the triangle for support.

Overall, the price action appears bullish while skewing the risk profile heavily in favor of buying shares now.

Gilead Stock Strategy: I’d suggest buying this contrarian stock right now and setting a stop at $63.70. The exit contains risk to about 5% and only closes the position if Gilead’s February low and the pattern’s apex line fail. On the upside, $78 to $83.50 looks about right for profit-taking as shares challenge Fibonacci resistance and GILD’s 2018 high
See the chart below.

Thanks for the info. Good news for the coy. Their clinical drug trial REMDESIVIR for the virus has been tested and approved for treatment. The stock will fly from Monday. If you can get it by Monday before it flies.
https://www.nature.com/articles/s41422-020-0282-0

https://www.upi.com/Health_News/2020/02/17/China-approves-antiviral-favilavir-to-treat-coronavirus/5291581953892/

Yeah. Most likely get some stakes tomorrow if the cloud is clear enough.

OakPearl:


Wow...that would have been you making over 100% in one day.
Not an easy decision to make without the supporting details.
Still has some gas in it though.

PRE-MARKET UPDATE

As the coronavirus debacle continues, Italy becomes the latest casualty.

Brace up for a massive hit to the Dow.
Many expensive stocks are about to become cheaper for those looking for medium to long term value.

Wealth transfer happens when the stock market is in crisis mode.
Don't be in a hurry to buy until you are convinced with your due diligence.
Interesting times ahead.