veecovee:


Some time in the future, you'll surely remember that someone advised you to be humble.

Have a nice future

Thank you I will you keep trading fugaz and waiting for peanut returns

MoneyMakingOppo:


Oga stop foreseeing nonsense. Your analysis is rubbish like everything on this page

MoneyMakingOppo:


Yes they do. People complain about losing money following nonsense advice on this forum but as usual their complaints are either ignored or mocked by the same morons who have been leading people astray for years

Who is leading who astray,I guess u want to discourage the people helping the newbies without any form of monetary entitlement... If you want to talk , go open a forum on Forex and teach people how to trade for free....then we can take you serious...Smh

OBAGADAFFI:


Your, Profits on 1000unit of your trade is less the N140.

Yet you call us small minded investors.

Hahahaha no sir I actually made over a million naira profit on that trade Sir. It's one of the things that made me realize how empty-headed people like you are with your bullshit Kobo Kobo advice

Oluokoli85:



Who is leading who astray,I guess u want to discourage the people helping the newbies without any form of monetary entitlement... If you want to talk , go open a forum on Forex and teach people how to trade for free....then we can take you serious...Smh

Don't take me seriously. Don't take anybody on this forum seriously that's my point. They just come here joke and insult and talk about peanuts. Me I'm telling you the koko when adjusted for inflation none of them are really making money most are just too dumb to realize it

Intendy:
Stock with new 52 week lows

Portland paints #2.15k

Stock with new 52 week highs

Eterna #3.99k

What's happening with this eterna sef

sterlingmurda04:
Pls is anyone having problem logging into their meristem account via the MeriTrade app?

Same here.

Meanwhile can the big and small FX/NSE traders allow those of us that has no category talk about the purpose of this thread biko.

MoneyMakingOppo:


Don't take me seriously. Don't take anybody on this forum seriously that's my point. They just come here joke and insult and talk about peanuts. Me I'm telling you the koko when adjusted for inflation none of them are really making money most are just too dumb to realize it

Y don't u just leave quietly, y defame others instead of quietly leaving..........

MoneyMakingOppo:


Hahahaha no sir I actually made over a million naira profit on that trade Sir. It's one of the things that made me realize how empty-headed people like you are with your bullshit Kobo Kobo advice

1000 units is my minimum calculation.


Making over a million, is just profit from multiple 1000s.

Now imagine making:-

N5000 on 1000units of Zenith
N5000 on 1000units of GTB.

MoneyMakingOppo:


Don't take me seriously. Don't take anybody on this forum seriously that's my point. They just come here joke and insult and talk about peanuts. Me I'm telling you the koko when adjusted for inflation none of them are really making money most are just too dumb to realize it

You are right as regards the devaluation in some cases.

However some cases still beat the devaluation and inflation combined.

N1M is $2,700 if exchange rate was N360 to $1.

If N1m was used to buy Zenith in March 2020 at N10.90 and sold at N22, this will be 100% gain.

So effectively, that N1m will become N2m now. Isn't it?

N2m is $4,444 if exchange rate is N450 to $1.

As you can see, there is an increase in the initial capital even after devaluation.

Like you have pointed out, it is true that some cases can fall below initial fund if devaluation is factored in.

And that is why we advise knowing your entry price.

MoneyMakingOppo:


Don't take me seriously. Don't take anybody on this forum seriously that's my point. They just come here joke and insult and talk about peanuts. Me I'm telling you the koko when adjusted for inflation none of them are really making money most are just too dumb to realize it

Not in every case you adjust for inflation. I will use devaluation adjustment.

There are investors who invest in Nigeria but don't live in Nigeria. So how will the price of good and services locally affect them?

Once they make their gains, they change to dollar and transfer out of Nigeria.

Some posts suggest that all is not well "up there" - I simply pray for the writers of such, as I see their use of language as a deep cry for help. May God show mercy and restore them.

Thanks to all those who have been making very productive contributions here. Many of us read, take action and appreciate you, even if we don't comment. God bless you!

Back to stealth mode. ☺

The truth is that base currency of this market is Naira. If you are not making more than inflation
you are losing money, The case of devaluation should affect the diasporal people investing in Nigeria.

If Local Nigerians as well want to enjoy the devalaution , they should do profitable Dollar investment, which proceeds

could be repartriated to Nigeria at awoof rate.

RabbiDoracle:


Not in every case you adjust for inflation. I will use devaluation adjustment.

There are investors who invest in Nigeria but don't live in Nigeria. So how will the price of good and services locally affect them?

Once they make their gains, they change to dollar and transfer out of Nigeria.

MoneyMakingOppo:


Hahahaha no sir I actually made over a million naira profit on that trade Sir. It's one of the things that made me realize how empty-headed people like you are with your bullshit Kobo Kobo advice

Learn how to lie. You couldn't have made that much profit.
You'd have had to be trading the whole volume of that stock for at least 2 days when it was at it's highest.
I can bet my nuts that you didn't even make close to a fraction of 10,000.

Don't Ever be proud no matter how much you think you have or knowledge you think you've got ....

Try to be humble... my take on the recent incident on the trend...
You can always learn from anybody in respective of who they are... so be humble and not too mouthed...

We've noticed Proud people don't really have much to offer its just a proven fact....

Its Well...
Kind Regards

MoneyMakingOppo:


Actually if you must know I am making real money in forex I'm just here to laugh at you clowns who don't seem to realize that for the fact that you are trading NSE stocks in naira if you haven't tripled your investment over the last two years you are actually losing money.
This kid must be a scammer.Enjoy your loot from your yahoo plus things and allow the "clowns"manage their little gains.
I'm just disappointed cos Everytime I come back to this forum I still see people being led astray by the same morons who have been posting here for years. The same idiots who bought fbnh shares at N15 when it was N180 to the dollar are now jubillating that the same fbnh shares moved from N5 to N6 when dollar is N450 people on this forum are still telling them "thank you Sir"

Scammer continue .

lancee:
Mcy are u still on ban , just checking on u ..Hope to see u comment soon

I've been out of ban but just gentle.
Thanks.

BTW, can Nsempas just stop this rather unproductive back and forth argument.
3 pages gone already on same

[quote author=Miyachi post=94876203]

Learn how to lie. You couldn't have made that much profit.
You'd have had to be trading the whole volume of that stock for at least 2 days when it was at it's highest.
I can bet my nuts that you didn't even make close to a fraction of 10,000.[/quote

Not true on many days japaul volume is over 10 million shares you can check for yourself. I think many people underestimate penny stocks

BullBearMkt:



...a guy that was here begging for advice where to invest "1.5m" has suddenly turned to pro less than a year. Calling people "small minded". In another post, he confessed his money is trapped

#wondershallneverend

Lmao!


Bwahahahahahahaha

Only N1.5m
Paltry N1.5m
And we no go hear word again
All of a sudden we became "small minded people"

This brother must have really had a troubled past

Sabiboy99:
Don't Ever be proud no matter how much you think you have or knowledge you think you've got ....

Try to be humble... my take on the recent incident on the trend...
You can always learn from anybody in respective of who they are... so be humble and not too mouthed...

We've noticed Proud people don't really have much to offer its just a proven fact....

Its Well...
Kind Regards

Well said.

fatboyebele:

Not true on many days japaul volume is over 10 million shares you can check for yourself. I think many people underestimate penny stocks

I stand to be corrected.

The day in question was 5th June, 2020.
From historical data on the NSE, volume of trades made was around 6.6 million.
In order for a profit of 1 million to be possible he would have had to trading more than 6.6 million.
Other days it wasn't that high. Please correct me if I'm wrong.

Parisfran:
The fact that after 6,000 pages you people dont know how to ignore is baffling.

If it is someone asking for help or advice now, only Mcy or 1 additional person will talk, yet see comments going on and on. This is actually very telling.

EXCELLENT!!!

Miyachi:


I stand to be corrected.

The day in question was 5th June, 2020.
From historical data on the NSE, volume of trades made was around 6.6 million.
In order for a profit of 1 million to be possible he would have had to trading more than 6.6 million.
Other days it wasn't that high. Please correct me if I'm wrong.

Was the trade open and closed all in one day? I'm confused

MoneyMakingOppo:


Don't be an idiot I told you I make good money in forex why should I come and invest in NSE stocks so you clowns can tell me about fugaz. Peanut dividends and making 10% increase per year while inflation is above that. I'll rather die.

I'm just here to point out your stupidity and make a little fun of you pompous ignoramuses for a while

You think is everyone on this forum that takes nonsense.If you don't get out from here, thunder will fire you and your generation.Is someone like you sars needed to deal with before they are disbanded

fatboyebele:


Was the trade open and closed all in one day? I'm confused

From his post, I take that he placed a single trade at 0.3.
That was the only day JAPAUL traded at it's 53 wk high.
He would have had to liquidate a position of over 10 million units to make his phantom profit of 1 million.
The volume isn't there to back his claim.

sterlingmurda04:
I have been receiving this error message since 4pm today.

Meristem has network downtime

emmanuelewumi:



They should tell you the stockbroking account the bonus was paid to.

Do you have CSCS online, with that you can monitor your holdings. Most times your CSCS holdings are different from in house statement from your stockbroker.

Thank you sir for this your professional advise. I paid for cscs online service and when I logged in my 10700 units of julius berger bonus was sitting there. It was meristem that didn't update their data base to align their record with cscs. Always gaining from the forum. Kudos to you guys

Dear @ MoneymakingOppo,
it's always best to ask questions where u find matters perplexing and not castigate others by drawing incorrect and bashful inferences.
Ur assertion on concluding that those who invest(ed) in FUGAZ can never make/book positive real return would seem an analogy that appears to "spoil a ship for a ha'porth of tar."
Aligning with the right coy(fundamental health) at the right time(technical stand) is KEY !! ...when u can do this, u will likely take back ur words and never generalize.

@ Oracle has, using a fine illustration shown u how the ROI with one of the said FUGAZ(zenith) can infact beat Fx devaluation within a specified timeframe.
But in case ur still wondering whether that ROI adjusting for inflationary cutback can deliver a net positive real return, lets do a further dig.
...a brief;
Assuming u bought GTB @ the March low of N16.70-17 and exited @ N33, that's no less than 90% gain excluding total trx cost.
Now using the formula for Real rate of return...
(RR)= [1+nominal rate/1+inflation rate] -1
Nominal rate= 90% or 0.9, Current inflation rate= 13.22% or 0.1322
Hence RR = [1+0.9/1+0.1322] -1 ...which is approx 0.678 or 67.8%
The interpretation of this is that if u as an investor had put N2M in GTB at the entry and exit pegs cited above, ur NAV(ur networth) adjusting for all trx cost + inflation will be N3,356,000.

Let's look @ the matter of devaluation...
If we assume an exchange rate of N360/$ in early March, which would be me been generous with figures(the NAFEX/official window rate was in reality, at a slight premium above N360 peg then), and a N450/$ rate now(again another exaggeration with figures as we are this time matching the parallel mkt rate to the official rate, if u understand what I mean)... then, that would be a 25% upside.
Now hear this;
In practice, we are also suppose to compute the real return post ur Fx revaluation gain like we did above with the coy GTB. ...'cause whether the net $ gain(ROI) from the Fx play will be spent abroad without a re-conversion to the Naira, or kept in a mattress "until thy kingdom come"(in which case ur holding period could still take a bite from it), ur Fx gain remains NORMINAL !! To compute for Real rate of return, u must also adjust it for inflation.
The only difference btw adjusting it here and doing same abroad is the chance of a higher net +RR given the much lower inflation peg in some select countries.
Hence in reality, ur ACTUAL RETURN(real return in view) will be <N2.5M... it will actually be approx N2,141,000 if u decide to reconvert and burn the cash here in Nigeria. Needless to say that that figure is a far cry from the N2,517,000 net RR derived from GTB.

However, I'd like to be generous with the figures from revaluation gain, so lets assume that the 25% was ur real return.
By inference, assuming u decided to hedge against currency risk in early March by converting N2M of ur liquid cash to $, u would be worth N2.5M now.

Now if we decide to discount the value-loss from devaluation(to compare both asset play) by raking-off that 25% from our inflation adjusted RR of N3,356,000 playing the coy GTB, we'll have a net value(say X)= 75% of ur RR or 3/4(N3,356,000)= N2,517,000... which again, is still a premium(N17,000) above the devaluation peg.
By the way, I decided to exclude the cash flow accrual(dividends) gotten from playing these class of stocks.
Imagine if I had factored that in my computation. ...and quite possibly, decide to compound that cash flow by playing in the same coy or other value-driven assets before the end of the investment horizon !!
No don't compute the figures just yet... Just imagine it !!

When u do a similar estimate in FBNH and ACCESS(also part of fugaz), u'll see that these assets have returned more than a buy and wait Fx player could derive within the period under consideration.(March 2020 to date)
Aside the period specified, there are also several past instances where these class of coys and a few others have delivered more VALUE than u probably think. But yes, there are also a few times(vey few) when things had worked the other way.(favoured Fx play ahead of investment in these coys)... but as u have now seen, it'll be very wrong to generalize !!
So my dear, its incorrect to assert that one can not book a + real return playing the FUGAZ class of stock.
Everything will usually depend on ur investment personality, strategy and goals.
But remember;
The QUALITY of the asset and the PRICE u pay for it at any given time, is everything !!

Let me leave u with this piece of Nugget to ponder on;

"In the stock market world, the real winners are those who can prioritize their TRADE SETUP ahead of the ASSET PROFILE, and a little more than the quest for REWARD.
While the 2nd may define ur INVESTING POWER, it is the 1st that gives u a BARGAINING POWER !!
...for without it, the other can only engage the market in a mere "fight" but also concede more victories to it"
~Sinclair

"If u plan well ur VISION, u will often times execute ur MISSION. But in between that planning and execution MUST come KNOWLEDGE, STRATEGY and DISERNMENT.
...otherwise u might well be 'a prisoner of war' to the stock market and the intelligent few in it."
~Sinclair

Just be humble, but diligent and committed. ...and with time, u'll get to understand the stock market better.
Selah

abuhusna1:

Thank you sir for this your professional advise. I paid for cscs online service and when I logged in my 10700 units of julius berger bonus was sitting there. It was meristem that didn't update their data base to align their record with cscs. Always gaining from the forum. Kudos to you guys

That means you don't have CSCS online, it is just N2500 per annum.

RabbiDoracle:


You are right as regards the devaluation in some cases.

However some cases still beat the devaluation and inflation combined.

N1M is $2,700 if exchange rate was N360 to $1.

If N1m was used to buy Zenith in March 2020 at N10.90 and sold at N22, this will be 100% gain.

So effectively, that N1m will become N2m now. Isn't it?

N2m is $4,444 if exchange rate is N450 to $1.

As you can see, there is an increase in the initial capital even after devaluation.

Like you have pointed out, it is true that some cases can fall below initial fund if devaluation is factored in.

And that is why we advise knowing your entry price.

GBAM. Just play both sides

emmanuelewumi:




That means you don't have CSCS online, it is just N2500 per annum.

Yes boss I have now