Dwizeone:
It simply means reducing the price you bought a particular stock. Take for instance you bought FBNH at #4.00 and it goes down to about #2.00, if you buy about the same unit at the new price (#2.00), the average price will go down from #4.00 to about #3.00. That's the meaning of averaging down. The upside is when the price pushes upward you will record profit on that stock faster if you average down.

thanks, man. I really appreciate.

OBAGADAFFI:


If you decide to sell tomorrow, you will be selling @ loss

If you decide to average down at @circa N2:00k. you will have to wait till it gets to N2:00k.(if FBN BANKRUPTCY has not kicked in ).

If average down at @circa N2:00k, you will need to break even before selling.

All indicators are showing me you are trapped.

*ThE OcToPuS*

I want to ask a question, it might seem dumb but I believe we are all learning.

the question is: What does "averaging down" mean?

thanks in anticipation for your answer.

jenbost:
Please gurus in the house. I have no job now and thins are extremely difficult for me as no one is ready to help me. That aside. I have about 5 stocks certificates in my file. I was adviced to turn them to cash. Please I urgently need help as I do not know how to sell and who to sell to. Please it's urgent as we have nothing to eat.
Thanks in anticipation for your assistance.

what happens if this cash you get from selling the stocks finishes, what next? Bruh, you can actually use this to get back on your feet again.

I feel for you because I know the present situation of this country. and believe me when I say at the end of a storm, there'll be sunshine. There's light at the end of the tunnel, your tunnel is just longer than most.

If you can make it through the night, there is a brighter day in the morning. You shall overcome.

Try to use the stocks you have to make money for the longterm.

God help us.

Cetona:

Lol... We can be chat buddies

they say little drops of water make a mighty ocean. who knows where being chat buddies could take us? friendship? relationship? courtship? marriage? baby mama and daddy?

I don't mind us being chat buddies. I would welcome that.

ponpon:
lmao....who no sabi fish

eja nla, Na you be this? lmfaoo

ahhh!!! I sabi this guy for unilag that time.

Anybody that was in unilag from 2009-2013 will know this guy in faculty of science or biobaku hostel.

Na wa oo

Cetona:
No, i am not

Doesn't matter though. we can still hook-up right?
I can be your knight in shining to help you ease your boredom

horlamidey001:
gud

my namesake

Cetona:
Hi everyone. I am really bored and need new friends/chat buddies. I hope I can get here.

I have even tried the missdial method but it seems not to be working. This is to show you how bored I really am.

are you in Lagos?

Phinity318:
I keep hearing Mikel obi captain of u23 repeatedly of course not former which makes me wonder whether Mikel Obi is under 23 years old and if not why is he there with the u23 squad


#i need clarification please

all football teams of the Olympic is an U23 team. with exception of about 2/3 overages players.

Meaning basically the team is filled with players under the age of 23 but Mikel and one other person who is above 23 can join them.

Even if yobo and okocha still dey play, we still fit call them. But the maximum overaged players is 3 for all countries/teams.

ChynoBEATS:
Do u use mac?

nah, bruh.
I use FL studio on windows.

manie:



We can always rub minds together on this thread whenever the need arises.

alright. I'll be following your comments. They are very informative.

manie:


Imagine buying a stock for 100k and currently earning a dividend of 450k

bruh, can I have your email pls. I'm about to enter the stock exchange and I need a mentor/trainer just like you did too.

I'll be looking forward to it.

thanks.

looool. I don see this guy for real life. I saw him at Hair Planet near unilag. dude was driving one white Mercedes.

Na pimple and black spots full him face. pictures can deceive ehn!

looool. Omo, Na Basith papa house una come put for Nairaland. You guys will shocked at how many Mercedes-Benz cars are in that house.

The guy has bastard money.

Vanquay16:

Do you have kik?

looool. Kik? for naija? no, mehn. if policeman stop me Na the end be that

the way locodemy and thunderlicious tackle themselves on this thread though. 😁😁😁.

it's good for the laughs and giggles anyway

Vanquay16:
Hi all I just got back from a useless undeserved ban...I started making beats like 2-3 months ago more like a hobby...

Here are some links to my drive

Power circle

Touch of Soul

Ganja Man

Cc issy.larry

Teeboy.22

Explicitcontent

Richie9093

I used a friends FL studio

bruh, is there anyway we can relate personally? bbm?
WhatsApp?

issylarry:
I also want to upload mine but didn't know the site to upload it too

bruh, is there anyway we can relate personally? bbm? WhatsApp?

issylarry:
I also want to upload mine but didn't know the site to upload it too

try soundcloud.

Manonamission:


I thought we talking stocks here not Mathematics. Okay, on a serious note...... some charges or fees apply when buying and selling. CSCS, VAT,Broker fees etc. Most significant is the Broker's fee and it varies from one house to the other. So you will have a little less than N13,000.

no vex, bros. I studied mathematics in uni, I couldn't help myself. what's the least you, personally, think someone should start investing with?

carpenter:


Wow! Did I just touch a nerve there...mabinu O! I was only pointing out a fact that people complain about all the time, yet many still decide to join.

I was about to open with Morgan because of a recommendation I got on another trade. But since you say it's "cheap", mind sharing other quality ones?

zendi:


Go and sign up with a competent stockbroker and start investing.
There is no certificate to be awarded here to confirm that you have mastered it.
And I'm talking to all so called learners.
All of us who have been at it from the days of Soludo and Onyiuke are still making money, making mistakes, and learning from all.

I plan on doing this as soon as possible. except I'm still trying to understand what some basic terms mean.

Assuming I sign up with a broker with 20,000 naira and let's say a company is selling shares at 0.70k per unit and I buy 10000 units that's 7,000 naira (10000 * 0.70 = 7,000) spent on buying shares.

does that mean I would have 13000 naira left in my account?

ibe9ja:

In addition, 52-week low/high means the lowest/highest price the stock has traded during the last 52 weeks (1 year).

thanks for your input. I'm still a novice. I'm studying this thread before I go into this full-time.

Intendy:


in simple term
stocks hitting new 52 weeks low implies increased/intensity selling pressure on this stocks.investors may be sensing bad news and exiting position or selling down to enter more "perceived " viable stocks. and vice versa for 52 weeks high

though this is subjective.

thanks, bruh.

in layman's terms, basically, it means that the stocks are that low because people are dumping/selling their stocks?

wow. People fear what they don't know.

Intendy:
stocks with new 52 weeks low
lafarge wapco #59.80k
ETI #12.91k
Sterling bank #1.29k
Vitafoam #3.23k
No new high

bruh, pls enlighten me: what does new low mean and what does new high mean?

Thunderlicious:


No, 2.1 million was the total offer quantity for Access as at the time of my post. You can buy as little as 1 unit of any stock. Access closing price for today is N5.58 per share. I advise you to go and read about stock investing before you commit your hard earned money to it. use google and youtube to find information on stock trading. if you have time, you may read through pages of this thread.

You can start from here...
http://www.make-money-stock-value-investing.com/beginners-guide-to-investing-1.html
http://www.investopedia.com/university/stocks

bruh, you've been really helpful. I stumbled on this thread on Saturday and I've been following it closely. I've been to Reddit forums hoping I could get first-hand information(layman's explanation) on stock investing.

Thunderlicious:


The bid price is the highest price a buyer is willing to purchase the stock while the offer price is the lowest price a seller is willing to sell the stock. this is different from bid and offer quantities (which you hear people asking for in this forum). bid quantity is the number of shares for which a buy order is waiting while offer quantity is the number of shares for which a sell order is waiting to be filled. yes, the bid/offer prices are quoted in naira.

alright. so that mean Access were willing to sell the stock for 2.1M naira. In other words, if I wanted to buy Access stock with 1.5M naira, they wouldn't sell to me unless I paid 2.1m?

no vex at my ignorance abeg. I'm just trying to learn a new trade.

There is just so much hate in my people. Buhari is from the north, the north voted for him massively. of course he is going to respect governors from the north.

People from the east rejected him in the last election. do you want him to Respect obiano, ikpeazu, woke etc?

I believe if someone from the East becomes president today, most governors he'll respect will be from his region.

Igbo people no dey always dey satisfied. smh

Thunderlicious:


Access 5.45 (bid 8.2M/offer 2.1M)
UBA 4.62 (bid 7.9M/offer 13.2M)
UCAP 2.60 (bid 7.5M/offer 8.5M)
GLAXOSMITH 18.70 (bid 877,670/offer 240,462)
GTB 23.00 (bid 5.5M/offer 2.8M)

what's the meaning of bid and what's the meaning of offer? are these figures in naira or in stock bonds?

I'm new to this and I wasn't learn more before I out my money in it. I no wan go become johnny oo.

mercylicious:
31m bids 2896307 offer
6 m bids at .63 500k @.61 16m at 60k 1m at .58 31m @.57k
Meanwhile an someone is shooting in d dark by offering 2.5m units at 60k Another offer at .63k , 380050units

pls can you explain to me what this means? what's bid and what's offer?
is offer the amount in naira you wanted to buy the shares or is it the bid?

globe16:
A reconciliation meeting of PDP is going on and as you can see, every zone in the country is ably represented in the meeting. Compare this with the evil and satanic northern party called APC..

you call APC a northern party, yet the two people vying for the leadership of PDP are from the core north.

The presidential candidacy of PDP has also been zoned to the north for 2019.

ignorance is really a disease that can't be cure easily.

you're just a tool used to propagate hate.

wake up!!