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PuristForest's Posts

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InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest:
yMcy56:
Go and try Morgan Capital Securities Limited
Seems people have been complaining about Meritrade here.
Send me PM so I can give you someone's number who is knowledgeable in that area and can assist you.
You go treat am well after everything is sorted ooo, no be only thank you he go chop. grin
Meritrade is very okay, they can be a bit slow with responding to email communication but they do.
Regarding the interfaces, both platforms have their strengths and weaknesses, the new Meritrade interface is very simple to use and more userfriendly for the most part, beginners will find this quite intuitive to get around. MorganCapital is more robust but less user friendly, you have to dig in and read the help material to find things as you go along, however, it has more advanced features including the ability to see live trades and a robust reporting functionality which enables you to see the summarized market data and all your portfolio and financials... for me thats what sets it apart from meritrade. Finally, Morgancapital is abit effective with email coms, they try to get back to you within a few hours. If i were to choose one, i 'd actually go meritrade!
Update 9-13-24: Further update to this , i personnaly prefer Meritrade to MorganCapital, one thing that i find very useful in MEritrade which i have not been able to adequately replicate in MC is to set a limit trade for days ahead, i find it more efficient in Meritrade than in MC. I can set a trade and leave it for 7 days for instance...this is very good because it enables you to hunt for the best price once you have done your analysis. What i mean is that if you do your analysis and you have a limit price, you can set it up in MT for 7 days...whenever i do this in MC, i find that it does not allow it overnight.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 1:46pm On Feb 07, 2024
Quick question guys, who sets the prices in the online platforms, sometimes it can be frustrating when you want to set a limit order at a certain price and you get the message "price is out of range". Is there a time when the prices are opened up and set daily, what determines the tradeable range? Sometimes, i feel that there's a racket in the process......

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 8:28pm On Feb 06, 2024
yMcy56:
Opposite!
I don't personally see OANDO going back to below 10 again.
The activities today was normal, a reaction from disappointed minority investors whose high hopes were dashed due to the adjournment again.

I stand to be corrected anyway.....as we hand over the situation to Mr. Market to take care of .....in its own way.

..but we must know that those guys have plans, what was in their mind we don't know.
Oando wont do 10 again
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest:
Streetinvestor2:
Oga ote didn't buy transcorp ,fbn and Dan cement based on TA at the various time he bought. He bought those shares strictly on FA which he equally mentioned, mostly for transcorp plc. Nobody here will equally tell us that TA saw the upward movement in those stock before ote entered.

And oga Emma here who has and continues to record great success does not base his dealings on TA unless I am wrong. He has never mentioned TA.So I am right to say billionaires no get time for TA
These people are market makers, they may not draw a bunch of lines on a chart but they do not also buy on a whim, they make the markets, they are slow and methodical, they are called the composite investors. They are slow to make the market because they cannot drop all their monies in the market as it will spook the market as there will not be enough liquidity to match their offers, so they (and their friends) will buy OTC and spread their buys over a long period of time usually months and years.
In any case, as an professional analyst, you are trained to understand market makers in action, this is when the market is at its most boring moments, the price is not going up nor going down for a very long long time, the price remains in a range, usually months. Why? The reason is because the market makers want to accumulate as much as they can at those levels so that their average price will be the lowest. IF Ote for instance makes it public that he will be entering a 1B position in Transcorp for instance, what do you think will happen in the market, guess what, everybody will start buying transcorp and eventually his average price will be higher than desired. The thing about accumulation is that is so boring many retail investors are not really interested because there is little or no movements, the truth is that when the movement starts, the composite investor is already in the market and has taken his position and this is when retail investors see the movements and then jump in (to make him richer). The best time to get in the market is the ranges. I tell my friends Ranges are your best friends!!! There is more to it but this is the abridged version.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 5:19pm On Feb 06, 2024
yMcy56:
Lol. In this market, I've learnt never to say "never"... smiley

When Oga Rabbi predicted ASI to reach +100k, and that some stocks will appreciate high in price....
One of our ogas here said, how can it be? That it can never happen even in 30yrs, but in less than 2years it happened!!

If anyone had said in a year's time, TRANSCORP will sell for N15, I'm sure many will say 'never' .....and come up with different theories of how it couldn't be so......this is same TRANSCORP that touched 19 despite the Tony/OS analysis paralysis here.

While not also in agreement with DANGFOODS reaching N350 in Q1 2024, I'll still not say it can never happen......but could just be a gradual movt overtime or year(s) sha. grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 2:26pm On Feb 06, 2024
Streetinvestor2:
That one nobi stone. It happens when you think say na you sabi TA pass .On the other hand TA na graphics which everyone interprets differently .The billionaires who move our make no get TA time. They invest in value and for future
...Thats a very hollow statement, no billionaire investor that did/does not have a formidable team. Infact, on the contrary, they surround themselves with a team of very sound analysts that review ALL investment decisions. If you think WB just wakes up one morning and decides to purchase an asset then that a joke!
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 11:20am On Feb 06, 2024
Dangsugar will be the stock for Q1'24....Asset next stop is 350 thats over 300%...DYOR
InvestmentRe: Us Stocks Pick Alert by PuristForest: 4:41pm On Jan 29, 2024
sgtponzihater1:
I am currently up 100% in my Nigerian stock portfolio in less than 12months. Probably luck though.
join us, we massively trade naija and us stocks https://discord.g g/6vxW4BNc (rmove the space btw the 2 g's)
InvestmentRe: Crypto Currency Investors Thread by PuristForest: 4:20pm On Jan 29, 2024
santos123:
Can you guys just discuss the market situation,abeg?
https://discord.g g/6vxW4BNc (remove the space between the g's)
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 12:53pm On Jan 29, 2024
Saybal:
what is your take on E transact .Buy or sell
i shared this on Jan 18 "Etranzact on a steady impulse, potential to do 100%..next stop 13.6"
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 12:11pm On Jan 29, 2024
Ellahlakes has a good setup, target 4.7~ 60% R:R
InvestmentRe: Crypto Currency Investors Thread by PuristForest:
sheanzy:
So the whole bitcoin etf hype Na wash


Everybody was expecting btc to go parabolic once accepted
The ETF was already built into the rally that had ensued. Everything is in the chart!!!
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 2:03pm On Jan 18, 2024
Etranzact on a steady impulse, potential to do 100%..next stop 13.6
InvestmentRe: Crypto Currency Investors Thread by PuristForest: 12:12am On Jan 17, 2024
clems88:
please how does one buy an ico presale token ? I'm trying to get the Manta token that's ending tomorrow but it seem confusing to get
Please still buy ico's.....
InvestmentRe: Us Stocks Pick Alert by PuristForest: 11:42am On Jan 16, 2024
sharone21:
Hi. Anyone using dabafinance for stocks and reviews
is this like an app, what does it do?
InvestmentRe: Us Stocks Pick Alert by PuristForest: 6:03pm On Jan 12, 2024
Obnoxious2001:
I have covered my face.
Please how do I learn/get involved
join my discord https://discord.g g/zZmwgRCG (remove spaces btw the g's)
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 12:37pm On Jan 12, 2024
i think tantalizer will surprise everyone
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest:
The market sentiment is quite bullish which is very good for investors, fridays are usually marked by selloffs are investors take profit however this week, we're seeing reverals caverton, cwg, wapco and the likes....people should really capitalize on this vitality/momentum in the market and take positions........
Wapco - heading for 66 ~47%
cwg - 12.4 ~43%
maybaker - 8.1 ~70%
redstarex - 6.3 ~63%
these are just a few of the assets we are tracking in the discord group
update
i think tantalizer will surprise everyone
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 10:48am On Jan 12, 2024
Caverton just bounced off a key support area...next stop is 3.07
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 10:12am On Jan 12, 2024
hadiza08:
Hello everyone. Please I'm new to the Nigerian Stock Exchange. Please can anyone guide me on what stocks to buy and which one is the most trusted an efficient NSE app to trade with.
. youre welcomed to learn here https://discord.g g/njjnmepX (remove spaces btw the g's)
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 12:31pm On Jan 11, 2024
Redstarex looking good, should easily do atbout 6.3 ranges thats over 100% today
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 12:23pm On Jan 11, 2024
lancee:
I think so ..most banks are recovering

wapco ..mvt na prob
NExt stop for wapco 60.7 since broken from consolidation range and 33 high
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 4:38pm On Jan 04, 2024
kodelee:
Hi Purist,
Could you pls share the link to the discord group.

Thanks
https://discord.g g/GYnjBX2f (remove the spaces between the two g's)
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 4:22pm On Jan 04, 2024
#Wapco is lookin very good having come out of consolidation, we expect an extended 5th wave taking us to about the 66 handle, that's over a 90% profit. DYOR
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 1:46pm On Jan 04, 2024
KayOn1:
MULTIVERSE
Chai!!!
Multiverse precisely hit the target that we set in the discord group @23, today i exited the second half of my trade with 513% profit

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 12:51pm On Jan 03, 2024
Prestige looking good, target 0.71 and 0.86
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 1:29pm On Jan 02, 2024
KayOn1:
Still can't believe what I am seeing though I exited @ 10 with substantial profit. The correction though ...
Royalex still looking good, its upwards from here 0.79 & 0.95
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 12:58pm On Jan 02, 2024
Multiverse one of the best assets of Q4........
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 11:22am On Dec 28, 2023
Sovrenins looking good today, has potential to do 70% to 0.64 ranges medium term
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest:
emmaodet:
Hello bro.
Please what books can I read or courses to attend to brush me up on stock trading? Just need your guidance.
Is reading a company's financial statement enough as a guide to pick a stock?
What do you think about mutual funds? I am also looking towards acquiring some with Stanbic IBTC with average return of 40% per annum.
After registering with cscs and a broker, do I just read financial statements and then buy a stock or there are graphs to look at like forex before trading?
Do we have a TA and fundamental analysis platform for guidance before picking a trade on Nigeria stock exchange?
https://discord.g g/N4mtWDva - technical analysis mainly (remove space between g's)
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 2:18pm On Dec 27, 2023
ThiagoKid:
This is also Oakpearl specialty.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by PuristForest:
ucap and multiverse need to correct temporarily.
ucap - Rally continues if we break 26 then it will open way to 29.3 ~ 423.6% of wave 1 else we may see correction to 19.5
Multiverse - next stop is 16.28 ~ 261.8% of sw1, these guys still have power to go higher medium term (have booked half my profit for now)
Caverton - breaking 1.63 very healthy, next stop here will be 2.08, if you've not entered 1.67 is a good entry as this asset will some appreciable growth in the next few months.

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