lancee:
https://www.abokifx.com/news/nigeria-s-exchange-rate-to-be-devalued-to-n550-1-as-investors-ignore-cheap-equities-nairametrics

Bring it on beaches

Coolcash1:


The FPI guys have been avoiding our market since the beginning of Emefielenomics that has led to wide divergence in official and parallel market rates thereby creating overnight millionaires at the expense of overall national prosperity and absence of clear policy direction. To be honest there is nothing new in the report as the current lull in the market is a testament to low appetite of this guys to come in despite the cheapness of our stocks compared to other emerging markets prices.

Nigeria is at the brink of slipping into another recession and the only way out is uniformity of forex rates.

So when we unify forex rates, we will not go into recession?

So long as we depend on oil, if oil crashes, this matter of devaluation and recession will still come up.

1 STEP AHEAD TO BEGIN A-MEDIUM TERM BULL RUN ON NSE
Nigerian Stock Exchange All-Share-Index faces some challenging "obstacles" ahead. If these could possibly be overcome in coming weeks, the exchange is in for another bullish run. The first hurdle to overcome lies between 25.5k - 26k; which will make the index creating a Higher-High scenario. This is followed by another resistant located between 29k & 30k.

My interest is on 30k level. A break above this level will successfully create a medium term wave-1 for the index (mere forecast), where profit taking may likely begin.

For now, market breadth is good; its time to buy at low and let wait for next few months for market to unwrap itself.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Coolcash1:


The FPI guys have been avoiding our market since the beginning of Emefielenomics that has led to wide divergence in official and parallel market rates thereby creating overnight millionaires at the expense of overall national prosperity and absence of clear policy direction. To be honest there is nothing new in the report as the current lull in the market is a testament to low appetite of this guys to come in despite the cheapness of our stocks compared to other emerging markets prices.

Nigeria is at the brink of slipping into another recession and the only way out is uniformity of forex rates.

Meffy is not the problem.
Our problem is over reliant on oil as forex earner.
Until we wean ourselves from oil, we will always have this problem of devaluation anytime there is a crash in oil price/volume no matter who is CBN governor.

BullBearMkt:
1 STEP AHEAD TO BEGIN A-MEDIUM TERM BULL RUN ON NSE
Nigerian Stock Exchange All-Share-Index faces some challenging "obstacles" ahead. If these could possibly be overcome in coming weeks, the exchange is in for another bullish run. The first hurdle to overcome lies between 25.5k - 26k; which will make the index creating a Higher-High scenario. This is followed by another resistant located between 29k & 30k.

My interest is on 30k level. A break above this level will successfully create a medium term wave-1 for the index (mere forecast), where profit taking may likely begin.

For now, market breadth is good; its time to buy at low and let wait for next few months for market to unwrap itself.

PLAN YOUR TRADES AND TRADE YOUR PLANS

You're doing well sir.

IYGEAL:


I have personally been targeting Okomu at 70 and below, to no avail.

I'm going to be patient.

Okomu that sold for N55 not so long ago in Covid era. Infact I remember bidding for it around N52 but it didn't come down that day.

Finally out of $LINK @$18

Profits locked and moving capital into $WAVES

Rumor has it about Coinbase listing today or next week and Microsoft partnership

If that happens and we hit above $10, I am taking my whole village to the moon



Some profits will find its way back to Zenith bank. No more holding useless stocks. Now that I have covered my NSE loss for 2020

ST Portfolio: Zenith, GTb, Fidelity case closed.

stcool:
Finally out of $LINK @$18

Profits locked and moving capital into $WAVES

Rumor has it about Coinbase listing today or next week and Microsoft partnership

If that happens and we hit above $10, I am taking my whole village to the moon



Some profits will find its way back to Zenith bank. No more holding useless stocks. Now that I have covered my NSE loss for 2020

ST Portfolio: Zenith, GTb, Fidelity case closed.

I keep wondering what the aim of all these your posts are of recent but I haven't seen any. If you talk about it once or twice it's okay but continuing to talk about them here when you can easily create another thread for that purpose even after there has been complaints about the posts shows you may have an ulterior motive.

RabbiDoracle:


So when we unify forex rates, we will not go into recession?

So long as we depend on oil, if oil crashes, this matter of devaluation and recession will still come up.

it won't so long there is no capital control that will discourage continuous inflow of FDIs to stimulate and reflate the economy.

RabbiDoracle:


So when we unify forex rates, we will not go into recession?

So long as we depend on oil, if oil crashes, this matter of devaluation and recession will still come up.

We don't have many options nah, what else can Nigeria export to the world in large quantities?

Even if we start trying now it will take years (atleat 10 or more) to develop a unique product that can hold neat market share. We are stock with oil revenue for a very very long time.

stcool:
Finally out of $LINK @$18

Profits locked and moving capital into $WAVES

Rumor has it about Coinbase listing today or next week and Microsoft partnership

If that happens and we hit above $10, I am taking my whole village to the moon




Some profits will find its way back to Zenith bank. No more holding useless stocks. Now that I have covered my NSE loss for 2020

ST Portfolio: Zenith, GTb, Fidelity case closed.

Stcool, we love that you celebrate your wins, but you’re derailing the thread.

stcool:
Finally out of $LINK @$18

Profits locked and moving capital into $WAVES

Rumor has it about Coinbase listing today or next week and Microsoft partnership

If that happens and we hit above $10, I am taking my whole village to the moon



Some profits will find its way back to Zenith bank. No more holding useless stocks. Now that I have covered my NSE loss for 2020

ST Portfolio: Zenith, GTb, Fidelity case closed.

Create a dedicated thread on Crypto like we have dedicated thread on TB, US stocks and MF. This will not only educate the interested individuals but encourage seamless flow of information. Crypto does not synchronize well with NSEMPA.

stcool:
Finally out of $LINK @$18

Guy how old are you?, I will be very disappointed if you are older than 17. Even at that, 16 year olds can be made school prefects and they will act more responsible than you are acting now.

dinyelutochukwu:

Stcool, we love that you celebrate your wins, but you’re derailing the thread.

Noted. This is my last post regards it

Lots of cross deals going on in banking stocks

This is not as easy as we say it...
when put into perspective, we are heavily import dependent. The implication of N550 exchange rate will be tough on the Nigerian. We will suddenly realise that there are sooo many other imported stuff that our lives have been built around than PMS(petrol)
I still remember Austerity Measure of 1985 - 90... It was tough!! and at that time our taste for foreign stuff was yet very benign... talkless of now..
550 exchange rate will be painful.. some will say for a while.... But how long is that 'while' ? no one can say..

Unfortunately during the $100+.Barrell of oil era, we didnt do much to diversify as a nation. My concern is for the average Nigerian... we are about to pay a huge price for poor leadership over the years...

abeg make i no derail the thread ...back #NSEMPA!

Tvegas:
For heaven's sake they should just unify the rates once and for all. They are aiming for N550 next. Do whatever needs to be done now and damn the consequence.

Justcul:
If GTb by mistake close above N25.5 by friday, hen, bye bye

Decision day for GTB, stay "Down" or go "UP". Which ever way, money must be made..

This Intbrew will not kill person o.... It's still digging for oil

Justcul:


Decision day for GTB, stay "Down" or go "UP". Which ever way, money must be made..

Can you throw more light on this, why is today special for GTB?

I think its a personal thing for Justcul.
Based on his exit strategy, today may be decision day for him..to sell or hold.

@Justcul abi? if e pass like dis... tell us o..

meine:
Can you throw more light on this, why is today special for GTB?

Don't get sold a story!
Good intentions and attention-grabbing details aren't enough to make a good Rule #1 investment, because there's nothing certain about a nice story.

zimams:
I think its a personal thing for Justcul.
Based on his exit strategy, today may be decision day for him..to sell or hold.

@Justcul abi? if e pass like dis... tell us o..

Lol. not personal bro, just a strategy (Entry, Sell, Hold, or Consolidation). The idea is that, GT has been nocking on this door for freedom, but for some reasons, its been caged below 25.. images below should share more light. i mage 1 is a DAILY chart while the second one is a WEEKLY chart.

Breakout is expected when it gets to this point. It might not be today, it might take a little longer though.. A breakout might see it fly to 30 or 32.. slight resistance at 28.



I might be wrong so pls dont rely on this analysis to make your investment decisions

Fidson

ojeysky:
This Intbrew will not kill person o.... It's still digging for oil

Hope you know INTBREW has a negative EPS of -35k per share

Is uacn a good by at n5.00k? cc.bbm.fxuser.ogg. currentprice.emmanuelewumi and at all

meine:
Can you throw more light on this, why is today special for GTB?

Hi meine, i hope you got me now. I am loaded in GTB so, its only normal to check on its weekly movements

PETERiCHY:


Hope you know INTBREW has a negative EPS of -35k per share

NSE eh.... My brother even with the significantly reduced revenue from seplat people are still gunning for it, look at neimeth as well, plus uacn as well. Make intbrew move a little bit o based on other speculative factors and not on EPS

Justcul:


Hi meine, i hope you got me now. I am loaded in GTB so, its only normal to check on its weekly movements

I am loaded small with about 700k units, that's why I am interested. Right now, I wish I loaded more. Bought at 21.5 , meristem showed 14% gain few days ago. Zenith that got the bulk of my funds still dey 7% . I wished I followed my gut and sticked to only GTB

meine:
I am loaded small with about 700k units, that's why I am interested. Right now, I wish I loaded more. Bought at 21.5 , meristem showed 14% gain few days ago. Zenith that got the bulk of my funds still dey 7% . I wished I followed my gut and sticked to only GTB

I greet you.. my average price is 18.00