SHLL still on steriods

lafuria1:


Yes I am,

The exchange is getting lower ie naira is getting stronger in parallel market against the dollar.

Bamboo is a reflection of what is happening in the parallel market


CBN announced that they will resume selling dollars to BDCs for them to sell at 386 naira to a dollar. So guys that bought dollars in other to resell for gains are currently rushing to sell off while demand is very low since it will soon be available at 386.

So if anyone plans to deposit more money, they should wait till end of the week to see how things go.

Any indications it will go back up?

YoungDaNaval:
Alright

You can start with demo account first.

YoungDaNaval:
If you're trading with Trove, drop your I'd so I can use you as referral

Greetings, am on trove and you can use this code.
SOKBTK

OvaSabi1:


Any indications it will go back up?

For now, no indication unless CBN can't meet dollars demand

it's all panic sell off due to what happened in 2017, where the dollars went as high as 530, it crashed to 365 and never went up till covid 19 came.

If oil crude price per barrel remain stable or keeps going up, will take time before the naira dollar exchange goes back up to as high as 470 to a dollar

babytoun:


No I am not on Trove yet

Got my fingers burnt on NSE many years ago so this time i want to learn first ...not in a hurry to start trading ...

At the moment i have started reading some of the books posted here by Jotrade......... I finished reading " How i made 2000000 in the stock market" yesterday.. Was a very nice read.

Now reading "Trading for a Living" ....i plan to read at least 10 of these books in the next 5 weeks before attempting a trade

You mean the same NSE that has been returning good turnovers. This life truely no balance oh

Good that you're reading..

OvaSabi1:


Any indications it will go back up?

For now no, we're just in the cycle again, where CBN we just have to spend more from the reserve to keep it at 386 that price while hoping our export could increase

I plan to sell my father's land, liquidate my savings account, take out a loan against my father's house and use my tuition money to buy tesla. I have done my research and I strongly believe tesla will go back to $2500 by Chrismas time. If I can raise N5 million and invest it all in tesla, I should have N25 million by Christmas. I'm about to become the richest person in my family and its all thanks to you people here.

rentAcock:
I plan to sell my father's land, liquidate my savings account, take out a loan against my father's house and use my tuition money to buy tesla. I have done my research and I strongly believe tesla will go back to $2500 by Chrismas time. If I can raise N5 million and invest it all in tesla, I should have N25 million by Christmas. I'm about to become the richest person in my family and its all thanks to you people here.

I hope you don't come back here with heart attack anyway, good luck bro

chigo4u:
Hello, which is the best app to use for trading
I’ve seen Trove, investbamboo and Risevest. Which do you guys recommend for a newbie

I will recommend Risevest for newbie, even some stock gurus also use it, because they give US Stocks which consist of 20+ high growth stocks, so you don't have to worry about picking your stocks like beans. You can also invest in Eurobond and US Real Estate.

With time you can now decide to invest in individual stocks on other platforms.

You can check this thread out for further information

https://www.nairaland.com/6049225/discover-how-free-yourself-naira

rentAcock:
I plan to sell my father's land, liquidate my savings account, take out a loan against my father's house and use my tuition money to buy tesla. I have done my research and I strongly believe tesla will go back to $2500 by Chrismas time. If I can raise N5 million and invest it all in tesla, I should have N25 million by Christmas. I'm about to become the richest person in my family and its all thanks to you people here.

Please tell me that you're joking. Are you trying to troll us here?

Lmaoooo

rentAcock:
I plan to sell my father's land, liquidate my savings account, take out a loan against my father's house and use my tuition money to buy tesla. I have done my research and I strongly believe tesla will go back to $2500 by Chrismas time. If I can raise N5 million and invest it all in tesla, I should have N25 million by Christmas. I'm about to become the richest person in my family and its all thanks to you people here.

Lol trailer fit jam u oh

rentAcock:
I plan to sell my father's land, liquidate my savings account, take out a loan against my father's house and use my tuition money to buy tesla. I have done my research and I strongly believe tesla will go back to $2500 by Chrismas time. If I can raise N5 million and invest it all in tesla, I should have N25 million by Christmas. I'm about to become the richest person in my family and its all thanks to you people here.

Trailer go jam you oh...lol

rentAcock:
I plan to sell my father's land, liquidate my savings account, take out a loan against my father's house and use my tuition money to buy tesla. I have done my research and I strongly believe tesla will go back to $2500 by Chrismas time. If I can raise N5 million and invest it all in tesla, I should have N25 million by Christmas. I'm about to become the richest person in my family and its all thanks to you people here.

You could pull it off and win

You could also be crushed..

Whatever you do..do not use tuition money to invest
Are you the only person in your family? Is your mother still alive? Why use her husband s house to take a loan?

anyone looking for a onestop site for simple stock analysis should checkout https://simplywall.st/

Justcul:


I hope you don't come back here with heart attack anyway, good luck bro

Bro I know how ridiculous it sounds but I think I can pull it off. If more people also think this way, the bubble will keep getting bigger and we will all make profit until the bubble pops.

OvaSabi1:


Please tell me that you're joking. Are you trying to troll us here?

I want to be rich. I cannot become rich making between 10% -50% gains like I see being posted here. I don't mean no disrespect. Had it been I bought N5 million worth of tesla shares just last year, I would've made generational wealth. I want to go down in history as the richest person in my family's lineage.

rentAcock:


Bro I know how ridiculous it sounds but I think I can pull it off. If more people also think this way, the bubble will keep getting bigger and we will all make profit until the bubble pops.

What bubble? We shouldn't be echoing the sentiments of the media.

rentAcock:
I plan to sell my father's land, liquidate my savings account, take out a loan against my father's house and use my tuition money to buy tesla. I have done my research and I strongly believe tesla will go back to $2500 by Chrismas time. If I can raise N5 million and invest it all in tesla, I should have N25 million by Christmas. I'm about to become the richest person in my family and its all thanks to you people here.

Be careful.
Wealth creation is not a gamble.
Make sure this plan remains only on paper.

Pls Oakpearl and other gurus in the house, I am TECHNICALLY considering buying NKLA @ this point.
Pls what FUNDAMENTAL reasons can you give for WHY I should not buy it. I intend to hold for 3 months

stokfrick:
Pls Oakpearl and other gurus in the house, I am TECHNICALLY considering buying NKLA @ this point.
Pls what FUNDAMENTAL reasons can you give for WHY I should not buy it. I intend to hold for 3 months

NKLA is a very volatile stock.
Interestingly, you intend holding short term as your technical charts might have shown.

They are fundamentally far from profitability as they are looking at first production in 2021 with orders being received for manufacturing of trucks.

If you are confident of what the charts is saying, then time your entry perfectly and trade purely on technical grounds.

STOCK FOCUS: Jounce Therapeutics $JNCE $7.53

#JNCE entered a licensing agreement yesterday with Gilead making it pop 55% from $4.84 to $7.53.

Deal is for the discovery and development of novel cancer immunotherapies and predictive biomarkers.

Under the terms of the agreement, Gilead will make an upfront payment of $85 million and a $35 million equity investment at a premium. Additionally, Jounce may receive up to an additional $685 million in future clinical, regulatory and commercial milestone payments. Jounce will also be eligible to receive royalties ranging from high single digit to mid-teens based upon worldwide sales.

This could still have more gas to run beyond $10.
DD advised.

OakPearl:


NKLA is a very volatile stock.
Interestingly, you intend holding short term as your technical charts might have shown.

They are fundamentally far from profitability as they are looking at first production in 2021 with orders being received for manufacturing of trucks.

If you are confident of what the charts is saying, then time your entry perfectly and trade purely on technical grounds.

Your point is good. But talking about profitability as a yardstick for upward/downward price movements- I have notice most US stocks rallying up have not even been profitable over some period of time and have been reporting -ive EPS. So what do u say?

Hello nairalanders, do you think PTON IS A BUY at 90dollars or should I wait for a dip. Also is there sufficient fundamentals to support that they will beat earnings which will be announced on September 10th.
cc: Oakpearl Yeryer and co.
thanks for your anticipated replies.

Peloton soaring, getting calls was good. @OakPearl thanks

Lilosh:
Hello nairalanders, do you think PTON IS A BUY at 90dollars or should I wait for a dip. Also is there sufficient fundamentals to support that they will beat earnings which will be announced on September 10th.
cc: Oakpearl Yeryer and co.
thanks for your anticipated replies.

Watch for pullbacks, this would beat earnings next week

Jotrade:
You can start with demo account first.

Where can I find the demo account sir? Is it a different app like trove

rentAcock:


I want to be rich. I cannot become rich making between 10% -50% gains like I see being posted here. I don't mean no disrespect. Had it been I bought N5 million worth of tesla shares just last year, I would've made generational wealth. I want to go down in history as the richest person in my family's lineage.

Okay na. Add lapo loan, go to bet naija, double it, buy shares, withdraw, take it back to betnaija.

Tech crashing, I bought cheap Apple calls for long term after iPhone 12 is released

ebuka1997:

Watch for pullbacks, this would beat earnings next week

Aright Ebuka, I will. Thanks for the quick response.

YoungDaNaval:
Where can I find the demo account sir? Is it a different app like trove

Thinkorswim