https://www.investing.com/news/economy/trump-predicts-coronavirushit-economy-will-come-back-very-rapidly-2113077


And my "word" was made flesh.

Cc veecovee

thesilentone:


It opens at my end

Done now

appr8

RabbiDoracle:


As expected

Oya see money. Worldwide printing.

Next move should be a ban on short-selling. . If they can do this, Dow may gain 15% in 1 day.

https://www.cnbc.com/2020/03/17/short-selling-bans-sweep-europe-in-hope-of-stemming-stock-market-bleeding.html


Short selling banned.

RabbiDoracle:


https://www.cnbc.com/2020/03/17/short-selling-bans-sweep-europe-in-hope-of-stemming-stock-market-bleeding.html


Short selling banned.

Right on cue.

RabbiDoracle:


https://www.cnbc.com/2020/03/17/short-selling-bans-sweep-europe-in-hope-of-stemming-stock-market-bleeding.html


Short selling banned.

my Oga u know this stock business well well o. Just as u predicted

OLOBAM:


my Oga u know this stock business well well o. Just as u predicted

My oga is the Oracle of NSEMPA! Full Stop!!! No contest.

Can anyone confirm that Morgan Capital has increased their broker commission to 0.5% from 0.25%

RabbiDoracle:




Those of us that bought Zenith at bottom-pot price are already having 18% gain. .

It's 18% already true true.

Say GT clocks anything below 20.50 tomorrow, we are looking at sub 18. Those who will buy early on Thursday markdown day, the speed of the reversal no go get part 2. In a twinkle, it will go from sub 18 to sub 20.

MYMINDER:
Can anyone confirm that Morgan Capital has increased their broker commission to 0.5% from 0.25%

yes, i was charged 0.5% for selling

RabbiDoracle:
https://www.investing.com/news/economy/trump-predicts-coronavirushit-economy-will-come-back-very-rapidly-2113077


And my "word" was made flesh.

Cc veecovee

Most times is difficult for a black man to appreciate or praise his fellow black man when he's good at what he does.
My brother I respect your wealth of knowledge. I have really followed your comments here for a very long time. You are really good at what u do bro. I think most of us are privileged to have u around. I know most of our Ogas and Madam that share their wealth of knowledge here for free. I say may God continue to increase u all in all ramifications of life.
You all wouldn't know the people u most have saved from wrong investments and how many Millionaires or Billionaires u have made through your input here.
May u continue to be humble even in times of pressure here which I see sometimes. God bless u all and equally bless us too.

Mills55:


Please Ma'am, will I still qualify for Gtb dividend if I buy tomorrow? Since tomorrow is the markdown. As it stands, I gave my analogue stockbroker instruction to buy, but I don't think my bid was successful. Cashcraft can really delay.

Please leave analogue brokers, open an account with a broker that offers an online trading platform and save yourself headache.

If people here including me begin to relate our experience with Cashcraft this thread go full. I wonder how they are still in business.

Infinitisi:


Please leave analogue brokers, open an account with a broker that offers an online trading platform and save yourself headache.

If people here including me begin to relate our experience with Cashcraft this thread go full. I wonder how they are still in business.

Thanks bro. Even my Penny earning Annuity Scheme (PEAS) that is with them, they have stopped it since last year. Return investors money has been an issue till date. Something I did that was suppose to run for 21 years, they just stopped it along the line. Thanks for your advice.

nna777:
I think we need to interpret what is happening in global stock markets especially US as it relates with ours.like someone said earlier, it's a health issue not a financial crisis.

The reason for the volatility of Dow is the spike in the cases of the virus in the country. This will definitely lead to panic and fear hence the selling spree.

Coming back home, there has only been 2 cases here in Nigeria. Our exchange has had it's fair share of the volatility. Most stocks have either reached their 52wk low or broken it and are reversing.

I am of the opinion that although there might be drop in prices of stocks but it will not be as bad as few weeks ago.

I know "health is wealth" sounds like a cliche but it's not far from the truth. I believe it's a financial crisis inasmuch as it's a health one. There's numerous research into how health of the populace affects the economy of a nation (indices such as gdp, etc.) If we truly see the big picture here you'll understand that this are uncertain times, market hates uncertainty. Factories are closed, supply chains are broken and it'll be so for the better part of a month or two, or even longer. What happens when the supplies run out and the factories are not back up yet. What happens to those that depend on menial jobs to get through. Economies are grinding to a halt and it'll take a lot to resurrect them after this is over.

Nobody knows anything about this virus, we don't know if these cases that have recovered will remain immune, nobody knows if it's seasonal or whatever. It's still being found out.

How long this contagion carries on will determine if this becomes a full-fledged economic recession.
**Disclaimer: I might be wrong. Let me know why you think different.

RabbiDoracle:


https://www.cnbc.com/2020/03/17/short-selling-bans-sweep-europe-in-hope-of-stemming-stock-market-bleeding.html


Short selling banned.

Oracle no be guy name.

You just dey predict market world wide.

Good evening NL.

Please I need your help with information. (I am new to the stock/shares market)

My mum has had this stock broker friend with an active firm in Victoria island handle her shares for some years now. I am planning on buying few shares myself, I told her my plans and asked her to link me up with anyone she knows. That was when the topic changed o.

According to her, the last time she received any dividend from her shares which includes GT.bank was about 3years ago. Now eh, that time the total investment was 5m. Last year she called the lady, and she said something about shares crashing and now money don drop to 3m.

*This my question guy...



- What are the documents I am meant to request from this lady, that would show the history of her shares. Inflow and outflow of funds etc.( Just like a bank account has a statement of account)

- She has an account with GT.bank, can I present a "power of authority" to the bank. Cos at this point she needs me to handle the account, she doesn't stay in Nigeria.

RabbiDoracle:
https://www.investing.com/news/economy/trump-predicts-coronavirushit-economy-will-come-back-very-rapidly-2113077


And my "word" was made flesh.

Cc veecovee

... Hmmmm! Your word?

You are really trying, in fact you are gifted, but always avoid pride. It's pride to use WORD OF GOD like rhis pls.

BTW come join me predict the coming of God's kingdom

Please how can i go about endorsing my passport photograph as required by datamax registrar?

Thanks In anticipation bosses

seyisanya:
My oga is the Oracle of NSEMPA! Full Stop!!! No contest.

He is a very hard working man. He's getting rewards for hard work. Kudos to him.

Paulfroshman:
Please how can i go about endorsing my passport photograph as required by datamax registrar?

Thanks In anticipation bosses

oga write them and copy SEC, attach your cscs statement and valid means of identification. They dont like one copying SEC but if u do that, you will surely get the result. If they failed to respond send them reminder copy SEC, NSE and CSCS

Manuel91:
Good evening NL.

Please I need your help with information. (I am new to the stock/shares market)

My mum has had this stock broker friend with an active firm in Victoria island handle her shares for some years now. I am planning on buying few shares myself, I told her my plans and asked her to link me up with anyone she knows. That was when the topic changed o.

According to her, the last time she received any dividend from her shares which includes GT.bank was about 3years ago. Now eh, that time the total investment was 5m. Last year she called the lady, and she said something about shares crashing and now money don drop to 3m.

*This my question guy...



- What are the documents I am meant to request from this lady, that would show the history of her shares. Inflow and outflow of funds etc.( Just like a bank account has a statement of account)

- She has an account with GT.bank, can I present a "power of authority" to the bank. Cos at this point she needs me to handle the account, she doesn't stay in Nigeria.

Bro knowledge is power, u have come to the right place as the average Nigerian never obeys the prudent mans law of being a good fiduciary.......


Tomorrow by 8am walk into the brokers office and ask for the cscs statement to ur mums account or stock




I use God beg u don't look at any account on their system bearing ur mums name.....


I have suddenly forgotten the name of the brokerage house, the one in Nitel house marina 9th floor, on their system I have about 1 million naira, withdraw my money I can't, use the money to buy shares I can't......... Ok now , the shares that have been bought in my name receive dividend I can't




First get cscs position of ur mums account first

RabbiDoracle:


https://www.cnbc.com/2020/03/17/short-selling-bans-sweep-europe-in-hope-of-stemming-stock-market-bleeding.html


Short selling banned.

Still on track .. R onifa

veecovee:


... Hmmmm! Your word?

You are really trying, in fact you are gifted, but always avoid pride. It's pride to use WORD OF GOD like rhis pls.

BTW come join me predict the coming of God's kingdom

Financial pastor.

nna777:


It's 18% already true true.

Say GT clocks anything below 20.50 tomorrow, we are looking at sub 18. Those who will buy early on Thursday markdown day, the speed of the reversal no go get part 2. In a twinkle, it will go from sub 18 to sub 20.

U may be right .. As long as no more fresh bad news .. I believe this mkt is mostly driven by locals ....(Pension funds / others .. Am not ruling out Few Fpis as well .. Another Tbills mature on Thursday.. Will be in the mkt to buy more Gtb if I see a good bargain.. Brought down aggressively from 32 to 21.90.

Thinking I shld stop today and wait after div to buy at fair price .. Hope it works out

Miyachi:



**Disclaimer: I might be wrong. Let me know why you think different.

Your comment is on point. You missed the point I was trying to pass. Europe is now the epicenter of the virus including the US. Because of the proportion at which the infection is doubling, measures are being taken one of which is lock down (no movement except necessary). This has led to shutdown of systems in the affected nations.

Automatically panic will set-in to sell stocks, etfs, etc. leading to drop in the indices.

Coming to Africa,

Is the virus doubling here? NO

Is any nation on lock down? NO

Has Schools, business, movements been restricted? NO.

Are we here going about our normal lives as if nothing is happening? YES.

Since Nigeria is dependent on forex and our main cash flow is still oyel, we had to at some point partake in the Index drop.

Am not in anyway saying that you are wrong, all am saying is that if the virus was pandemic in Africa or say Nigeria as a country and we had to go on lock down like Italy and France, it could have been much more worse to the point fundamentally sound stocks like Zenith and GTB will be selling below #5.

But since it's not pandemic here and our index has had it's share of drop, stocks are beginning to reverse. So our case is really different.

Am sure some people where in awe when our market didn't nose-dive today because the US index dropped almost 3000points yesterday. My explanation above was the reasons why.

I hope you understand.

maishai:

Bro knowledge is power, u have come to the right place as the average Nigerian never obeys the prudent mans law of being a good fiduciary.......


Tomorrow by 8am walk into the brokers office and ask for the cscs statement to ur mums account or stock




I use God beg u don't look at any account on their system bearing ur mums name.....


I have suddenly forgotten the name of the brokerage house, the one in Nitel house marina 9th floor, on their system I have about 1 million naira, withdraw my money I can't, use the money to buy shares I can't......... Ok now , the shares that have been bought in my name receive dividend I can't




First get cscs position of ur mums account first

Thanks alot...

God bless you...

I know this is the only place I can get genuine info

How far about WAPCO result, What's the UPDATE?

RabbiDoracle:
https://www.investing.com/news/economy/trump-predicts-coronavirushit-economy-will-come-back-very-rapidly-2113077


And my "word" was made flesh.

Cc veecovee

Ìfà, Ìfà, Ìfà! Ìrú mì rèè óó. I wag my tail and pay obeisance.
All postulations na hit, back to back.

Na safe I open b4. Now, I wan go bust my armoury Iyalaya anybody. Ìfa is in the building

Enyinne:
Sis , I finally bought few gtb today . Pls what should I do next so I can get my dividend . I use Morgan capital . Pls advice. Thanks so much for always been helpful

Start processing your e-dividend with Datamax registrars.
You can download the form at Https://sec.gov.ng or search online for the form.
Fill it and submit to the registrar. Remember to do follow up on it.

MYMINDER:
Can anyone confirm that Morgan Capital has increased their broker commission to 0.5% from 0.25%

Where have you been?
It's been increased to 0.5% going to a year now, if not more than a year self.

owoblow77:
Na safe I open b4. Now, I wan go bust my armoury Iyalaya anybody. Ìfa is in the building

Mills55:
Thanks bro. Even my Penny earning Annuity Scheme (PEAS) that is with them, they have stopped it since last year. Return investors money has been an issue till date. Something I did that was suppose to run for 21 years, they just stopped it along the line. Thanks for your advice.

Try and open account with a digital broker so you can trade by yourself and move your stocks too.
Cashcraft is not what it used to be before, they are not catching up with the prevailing trend and I fear for them if they don't do something urgently to handle this.