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Raider76's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76:
megawealth01:
NNPCL Gives Update On Dangote Refinery Petrol Price, Purchase

https://dailypost.ng/2024/09/13/nnpcl-gives-update-on-dangote-refinery-petrol-price-purchase/
I think the marketers don't want to buy direct from Dangote. They want to keep the system of NNPC as the so called only importer (now buyer) so the old ways of making money through bridging, over invoicing etc will continue. I will not be surprised if NNPC now gives out Local Purchase Orders (LPO) to the marketers and favoured persons to be buying from Dangote and supplying to NNPC so that a markup and some form of arbitrage can be created. Trust the cabal to find a way of staying in business.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 9:12am On Sep 13, 2024
Sunrisepebble:
Against policy. I can provide more info but I don't want the news to cast and for volumes to spike and impact the transaction. Maybe a day or two before it drops but I think what I dropped regarding consolidate or hold a few weeks back was a good enough recommendation. Based on what im hearing ~#60 can be a reality. Please all, do your own DD
https://www.facebook.com/gilbert.ayoola/posts/flour-mills-of-nigeria-a-flourishing-future-amid-price-highs-and-market-trendsin/8066142013440478/
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 8:20am On Sep 13, 2024
missphumby:
someone please help me, i want to start investing in stocks, i need a stock broker to guide me, i am pained that i missed out on oando already 😪
Hmm.. It is 2006 to 2008 all over again. Many who have been in the market for years also missed Oando. It is part of the game. If you are coming into the market to get rich quick may be you should look elsewhere.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 7:20am On Sep 13, 2024
Choiceguy:
Etranzact will soon touch N10 and Chams is sold for N2 considering they are both doing almost the same business.
Share holding structure may be an issue. Etranzact is rather illiquid.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 7:05am On Sep 13, 2024
BullBearMkt:
Major elements that encourage day trading in US stocks, which are not available in Nigerian stock market include:
-US stocks enjoy high liquidity
-High volatility in US stocks
-Another important part is short selling availability
-Low brokage commissions and fees
grin grin grin grin grin
Still a lot of day traders in the US markets actually don't make any money.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 12:04pm On Sep 12, 2024
nosa2:
Thanks. I expected a rally today but GTCO is flat. Oh well, I guess there is a misplaced fear of the tax
Unless they have finished the RI price will continue to be affected by that.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 9:57pm On Sep 11, 2024
HesInMe:
You can't tell the difference? Even I as a long-standing Oando shareholder can: One is a monopoly of strategic importance to Nigeria's economic prospects and stability, the other is one among many.
You also cannot separate politics from Oando. No matter how you look at it the apparent connection to power keeps staying in people's view. On the other hand one just cannot but appreciate the tremendous efforts of Alhaji in actualizing the refinery. It is the biggest project ever accomplished by an individual Nigerian. It probably surpassed any project ever done by any Nigerian government. One may argue that he couldn't have done without government assistance. Granted. But the vision, the effort, the successful delivery of the project, and the struggles he is having the oil cabals, have endeared Alhaji in people's hearts. At a time when people have given up on the government refineries ever coming back on stream the Dangote refinery gave a ray of hope in people's eyes.
.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 6:17pm On Sep 11, 2024
megawealth01:
Dangote Refinery Begins Polypropylene Production In October, Saving $268m Forex

https://leadership.ng/dangote-refinery-begins-polypropylene-production-in-october-curbing-nigerias-268m-import/
I hope the polypropylene importers do not also have a cabal that will mess up Alhaji and call him a monopolist.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 3:16pm On Sep 11, 2024
KarlTom:
OandO. -8.38%
ETERNA. ±

cool
Oando feeds on news. We will need another one to reach and cross 100. The next expected news, release of results and court case, may put the bus in reverse gear.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 4:22pm On Sep 10, 2024
Looks like TRANSPOWER will establish a support level at M300 unless we have sudden cross trades of 100k at lower levels.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 4:18pm On Sep 10, 2024
Locotrader:
We have pointed a stock that will do wonder.
The rest will be story in the future.

Thanks to the volume traded these days.
Maybe after these consolidations,the break out will occur sha.
Volumes speak
The market read the listing of the N20b worth of new shares as having negative solution effect.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 12:14pm On Sep 09, 2024
Streetinvestor2:
Queues for japaul way go still come down to #2.20 after this cycle. Tell us your BE price..lol.
This Japaulgold cycle can reach 3.50. ooo.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 11:57am On Sep 09, 2024
megawealth01:
He is trying to outdo Fela grin
Lol. So hin get shrine?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 11:51am On Sep 09, 2024
megawealth01:
He has 36 wives
Geez! Is he an Oba or something? Na dem get plenty iyawos.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 11:36am On Sep 09, 2024
DeRuggedProf:
Agba, Ginalex is Mrs, take note... grin grin grin
Please is Agba the most eligible bachelor on NSEMPA? grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 7:46am On Sep 09, 2024
emmanuelewumi:
I guess you were not in the market during the crazy bull run of 2004 to 2007
Btw it is difficult to see data from those years on many of the charting websites. Most charts go back only about 10 years, and NGX is no better.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 6:42am On Sep 07, 2024
Sunrisepebble:
What is the reason behind the 100k rule? Was there a particular incident or what are NGX trying to avoid. Honestly, the NASD method of using a Volume Weighted Average Price reflects demand and supply dynamics better in terms of price movement
I believe it was a reaction to events leading up to and after 2008 financial crisis. The market rallied so fast just before 2008 that many people rushed in with all their money and were crushed when the market tanked just as fast. The ease of price movements was identified as one of the factors, and so the threshold was raised.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 6:27pm On Sep 06, 2024
Agbalowomeri:
They will soon return it back to 50k
Regulatory changes are very slow in the NGX. They have been talking about changing this 100k unit single trade for more than 5 years.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 12:32pm On Sep 06, 2024
Payunsin:
My Oando I sold on Tuesday, dem never credit me ooo
Habi EFCC dey investigate where I see that kin money?
grin grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 10:27am On Sep 06, 2024
ositadima1:
If you bought at 90, relax, you will make profit. shocked
On bid again
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 5:31pm On Sep 05, 2024
ositadima1:
I think Oando will start putting brakes on its fall tomorrow, if it closes low at all. I think Oando will cross 100 based on observation. It has exchanged over 24 billion naira in the last 5 days. Even today, with the risk of further decline, it managed to exchange 3.2 billion naira, which is 2 million dollars (at a rate of 1600). This is just observational analysis and not buy or sell advice. shocked
It is now at the 8-day EMA. Last time it regressed to the 22-day EMA before sharply reversing. If it were to repeat that pattern now the 22-day EMA is around 57. For many stocks having this kind of rapid rally the 8-day EMA line is a usual support level.

Just looking at the chart. Not saying or hoping that should happen.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 2:04pm On Sep 05, 2024
Oando don pass N3b in value traded again today at high volume of over 41m.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 2:00pm On Sep 05, 2024
KarlTom:
There was no factual evidence to buttress this claim... smiley
That's why I said "it's likely". Many people experienced this case where their orders were executed even when it's not their turn in the queue. Since we're not the ones doing the floor operations the only reasonable explanation is what was given.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 1:02pm On Sep 05, 2024
gare2510:
I attempted selling my OANDO at #73.75 there were about 6million bids in front of me but it was filled immediately, is this possible?
I believe this was discussed extensively before. It is likely your offer was sold to a bidder you share a broker with.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 10:23am On Sep 05, 2024
yMcy56:
In as much as I don't want to make any post today if possible, your allegation drags me out. grin

Wow! Just wow!!
This is not my papa's thread nah....
So trying to correct someone is now tagged "attack" and "marking territory"?
Which territory?
Haven't you seen me respond on "M" monikers even more, saying my opinion ?

Ok o.
"F" monikers, make una no vex o. If I see your posts, I'll be skipping as usual.....because I used to avoid posting on it or replying any of such post self, because of the attacks from anything "f" on this platform.

I'm just being myself.....and guess one needs to put up pretence attitude once online, but me I can't do that, I go kukuma keep quiet, ignore or skip una posts instead.
Ah. Madam Mcy you don pass this level now. You don't need to respond. She bi you no see all those doing the responding for you? Please cool and go about your biz of today as planned.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 8:25am On Sep 05, 2024
ProphetUtuocha:
Food for thought:
Why do people fear when entry opportunities are created and struggle to enter when the doors are closed? Be wise!
Because FEAR is one of the fundamental human emotions that are hard to control.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 8:00am On Sep 05, 2024
eddyakinrinde:
After ystday 10percent drop, am still up 330 percent in O&O, thank God I got it early, thinking of buying more as I only bow very few before
How do you plan the timing of your buying? Are just going to buy today or wait in case it drops further?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 3:48pm On Sep 04, 2024
KarlTom:
Sure thing.
Though it might be difficult to predict the 'dipest dip"... wink
I think you could get a 20% to 30% dip if the deep pockets are done buying.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 2:45pm On Sep 04, 2024
KarlTom:
Here's my 2cents on OandO dip (I know it's not worth much)

Do not sell your OandO (except you bought around 70+ and your heart dey cut) grin
If never buy before nko? You fit wait for the dip?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 1:57pm On Sep 04, 2024
Deadlytruth:
That is the nature of investment. Unpredictable as the Nigerian Stock Market may be, it still remains the shortest cut to overnight wealth in a legitimate manner. It is just to spot two opportunities of stocks that will do 500% one after the other all within a year, and then put N10m in one, and when it is done, you put the loot in the next one. Within that year that will become roughly N250m
You make it sound so simple. The chance of this happening in the manner you described is 1:1000
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 12:53pm On Sep 04, 2024
Despite the bear catching Oando today it has so far sold over 33m shares worth over N2.8b. The daily trade value has consistently been over N2b for many days now. This kind of money must be coming from somewhere big.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 12:30pm On Sep 04, 2024
undead:
My collegue Abdul-'Alim say dont warry, profit taker, Tinubu 4 x 4, Oando up up.
Somehow Oga @undead always shows up promptly when Oando is experiencing a down turn to cheer it up. You can almost time him using the bid/offer table of Oando.

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