locodemy:


Technically,wapic to see 50% rise.

Is unity bank among the prophets?

I am beginning to like technical build up of some stocks this morning.

Jp a sudden u- turn.uhmm

Interesting times building up gradually.

A new 10% quick come o

Sure? looks like it will move in the opposite direction.

Marketapprentic:


Now, I can confirm that you are in the line for JP waiting for who will hand over to you . There is God oooo! What is the difference between 21k and 20k?
Well-done sir! Continue

JP!

You are learning very fast.

Dow is Down with over 800 points.

locodemy:


Technically,wapic to see 50% rise.

Is unity bank among the prophets?

I am beginning to like technical build up of some stocks this morning.

Jp a sudden u- turn.uhmm

Interesting times building up gradually.

A new 10% quick come o

Lol... ...ur name should be changed to 10%.

thebargainhunte:
Dow is Down with over 800 points.

the Dow has had a healthy rally for some weeks now. It's only fair for a pullback to take place.

We are waiting for our own rally.

X21:
caverton!

what happened that that drove price south

Lol....when price should be rising as the last trading day (15/06) before qualification approaches. Perhaps market is disappointed with the 20k dividend proposed.

General state of the market. Some have said expect "bull", some have said expect "bear". I will share my own opinion during this public holiday weekend.

Stocks with new 52 week highs
Neimeth #2.57k
ABC #0.49k
Aiico #1.18k

TLAX:


Lol....when price should be rising as the last trading day (15/06) before qualification approaches. Perhaps market is disappointed with the 20k dividend proposed.

General state of the market. Some have said expect "bull", some have said expect "bear". I will share my own opinion during this public holiday weekend.

Market is consolidating.

I expected a breakout but it rather went into consolidation.

thebargainhunte:
Dow is Down with over 800 points.

Expected.

Jay Powell needed to pour cold water on the 'heating' stock market. It is good so that people will not be too expectant. Normally US, EU and Japanese markets don't need to rise so fast. The market was moving faster than the restart/recovery phase of the real economy. This was an anomaly.

However, March Lows will not been seen. But market will find its equilibrium at slight lower from these highs formed in Dow, NASDAQ and S & P.

I believe at intervals, media & Fed will be used to prevent overheating of the markets.

nna777:


the Dow has had a healthy rally for some weeks now. It's only fair for a pullback to take place.

We are waiting for our own rally.

Fed has reached point of no return. So they will be doing all it can to control the market.

With Fed pledging zero rates and no rate hike for a long time, gamblers go enter market. All the printed funds cannot remain in developed markets. It must find its way out to bid assets globally. It happened after 2009 intervention by Ben Bernanke.

But in the long run, after all assets have been bidded globally, dem go tire. And the bubble go burst.

nna777:


the Dow has had a healthy rally for some weeks now. It's only fair for a pullback to take place.

We are waiting for our own rally.

I think is because of what Powell said yesterday that the US economy would contract about 6.5% this year.

NSE Backs Social Bonds Issuance for New, Existing Projects
https://businesspost.ng/economy/nse-backs-social-bonds-issuance-for-new-existing-projects/

GSK Grows Post-Tax Profit Amid Flat Topline in Q1’20
https://businesspost.ng/health/gsk-grows-post-tax-profit-amid-flat-topline-in-q120/

Senate Okays Yuguda as SEC DG, Wants Enabling Climate for Investors
https://businesspost.ng/jobs/senate-okays-yuguda-as-sec-dg-wants-enabling-climate-for-investors/

It was another day of upside as NEIMETH pushed up by a maximum gain today to close @ N2.57.
That price is an approx 575% return from the time we gave a BUY recommendation here at 38k !!
As usual, the dude also closed in its "usual tradition" of full bid !!

Disclosure: following through with a 40-40-20 exit strategy, I sold down on the 2nd 40% of my holding @ N2.13 on Tuesday, after the 1st on Friday last week.
...will look to exit the balance of 20% at the appropriate time.


#SOSHALLITBEwithUACNandWAPCO
#ASTHEDAYSOFRECKONINGBECKONS

It is well.

onegentleguy:
It was another day of upside as NEIMETH pushed up by a maximum gain today to close @ N2.57.
That price is an approx 575% return from the time we gave a BUY recommendation here at 38k !!
As usual, the dude also closed in its "usual tradition" of full bid !!

Disclosure: following through with a 40-40-20 exit strategy, I sold down on the 2nd 40% of my holding @ N2.13 on Tuesday, after the 1st on Friday.
...will look to exit the balance of 20% at the appropriate time.


#SOSHALLITBEwithUACNandWAPCO
#ASTHEDAYSOFRECKONINGBECKONS

It is well.

That was a right call

U deserve this

MARKET UPDATE FOR WEEK ENDED 11 JUNE AND PLAN FOR NEXT WEEK STARTING 15 JUNE 2020

The bulls won for this week by a slight margin for the week courtesy of the spike in Crude price last weekend, due to the agreement by OPEC/Other oil producer to continue with the production cut.

Currently the Allshare index is in a supply zone with sellers waiting to sell. Therefore, there is high probability that the market pull back will continue next week, we should not let down our guards, only quality equities should be on our radar:

Gain for the week: +0.67%
Loss for the Month: -0.33%
Gain for the Qtr: +18.23%
Loss for the year: -6.18%

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

onegentleguy:
It was another day of upside as NEIMETH pushed up by a maximum gain today to close @ N2.57.
That price is an approx 575% return from the time we gave a BUY recommendation here at 38k !!
As usual, the dude also closed in its "usual tradition" of full bid !!

Disclosure: following through with a 40-40-20 exit strategy, I sold down on the 2nd 40% of my holding @ N2.13 on Tuesday, after the 1st on Friday.
...will look to exit the balance of 20% at the appropriate time.


#SOSHALLITBEwithUACNandWAPCO
#ASTHEDAYSOFRECKONINGBECKONS

It is well.

NOTE: All those who contacted me(either via mail, private chat or otherwise) over this stock should pls do well to be guided accordingly.
...I want to believe that some might be members here.

Its important to stick to ur laid out STRATEGY in line with ur personality(risk awareness and tolerance level), investment horizon and set out goal !!
As u may already know, I have personally sold down on a big chunk of my holding in NEIMETH, because am following through with the part in bold. ...u should also follow urs.

NEIMETH could witness a further rise in price, or it might fall from here. ...everything is possible !!

I recommended the stock(then @ 38k) for reasons bordering around its fundamental stance, given the possibility of a huge feasible reward discounting surrounding risk. ...and also re-echoed it at the eve of the current pandemic.
It has already risen quite high, delivering over 575% margin/return !!
From here, it's also possible that something else might be aiding the fast rise in price. ...everything from a possible new investor(s), a takeover/buyout, fund raising(rights issue) or anything else. ...Maybe !!

Also see the link below;
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/4883#82582641
https://www.booksie.com/618814-alarm-bell-in-nigeria-between-fear-risk-and-opportunity-

Selah.

OBAGADAFFI:


That was a right call

U deserve this

I prefer non-acoholic wine Sir.
...and if I can square it up with a plate of hot NKWOBI, then all the better !!
Both combination are like a suiting hub to the nerves.

Regards

onegentleguy:
It was another day of upside as NEIMETH pushed up by a maximum gain today to close @ N2.57.
That price is an approx 575% return from the time we gave a BUY recommendation here at 38k !!
As usual, the dude also closed in its "usual tradition" of full bid !!

Disclosure: following through with a 40-40-20 exit strategy, I sold down on the 2nd 40% of my holding @ N2.13 on Tuesday, after the 1st on Friday.
...will look to exit the balance of 20% at the appropriate time.


#SOSHALLITBEwithUACNandWAPCO
#ASTHEDAYSOFRECKONINGBECKONS

It is well.

Nice one bro.

With this type of gain, if you enter villa they will be calling you:

Ogbuefi n'uko efi

Marketapprentic:
Now, I can confirm that you are in the line for JP waiting for who will hand over to you . There is God oooo! What is the difference between 21k and 20k?
Well-done sir! Continue JP!

You don decode Peter.
One would have wondered what his palava with JP was/is all about.... if not because he's interested.
Just wait and see how tone and meme will change once he's inside the bus again.

onegentleguy:


I prefer non-acoholic wine Sir.
...and if I can square it up with a plate of hot NKWOBI, then all the better !!
Both combination are like a suiting hub to the nerves.

Regards

AIICO:
Proposed Bonus: 1:5
Proposed right: 5 for every 13 shares
Bonus Qualification date: June 25, 2020
Payment date: N/A
Registrar: United Securities Limited

NB:
Payment date not applicable because it's bonus issue.......bonus to be automatically credited to your portfolio on/after qualification date.........if you already processed your e-dividend mandate.

Intendy:
Stocks with new 52 week highs
Neimeth #2.57k
ABC #0.49k
Aiico #1.18k

Who could have imagined that these penny stocks will be making intendy's new high list. This life na turn by turn.

Japaul reversed to close at 25kobo.....we wouldnt see negative comments .....until the day it shed some kobos again. Peter Una well done o.

gabscity:

I will suggest u just delete this and also assume u have never thought of it!

I can't but laugh out loud at this.

RabbiDoracle:


Nice one bro.

With this type of gain, if you enter villa they will be calling you:

Ogbuefi n'uko efi

Chai !! ...no be small thing bro !!
NEIMETH has brought us some pandemic relief fund.

Btw, hope u can see our brothers at the Fed reserve?
With the plan to hold rates at near zero pegs over a run of 2 yrs(possibly 2022) to help dislocate covid-19 related shock on consumers and reduce strain on the macroeconomic end, there's likely gonna be an even more chase for yield.
EMs will be flooded with cash !! Risk premium is already decelerating given the gradual resumption of economic activities.
...add that to the fact that asset prices presents a far better margin for REWARD from valuation(MoS peg in view) in most EMs unlike in the US and EU where most assets are overvalued and overbought, and ur guess is already as good as mine.
So much money !!

Frankly, this is so NOT a good time to hold cash.
There can be no better time to be a portmanto... oh sorry, portfolio investor than now.

Regards

OBAGADAFFI:

Chai bro !! ...I didn't say e-non-acoholic wine and e-NKWOBI naw.
I want the real one !!

Regards

Mcy56:

Who could have imagined that these penny stocks will be making intendy's new high list. This life na turn by turn.

Japaul reversed to close at 25kobo.....we wouldnt see negative comments .....until the day it shed some kobos again. Peter Una well done o.

Help me ask him if he has loaded Guinness,

Na Japaul...Peter wan tension

stcool:
Help me ask him if he has loaded Guinness,
Na Japaul...Peter wan tension

Peter is eye-ing JP from one corner.

onegentleguy:


Chai bro !! ...I didn't say e-non-acoholic wine and e-NKWOBI naw.
I want the real one !!

Regards

Okay, how do you want it.

Zoom, Team or Remote desktop

I have entered Neimeth with 25% of Access. Thanks all

NYSE...seriously down

Everywhere don red

zionaigbokhan:
I have entered Neimeth with 25% of Access. Thanks all

Now that the deed has been done.
Shine your eyes well well.
Make sure to bail out at the slightest emergence of abnormal volumes on the offers side.
Good luck.

zionaigbokhan:
I have entered Neimeth with 25% of Access. Thanks all

Don't say you weren't warned.