phoinix:


You have never heard about scalping, Sir, you must be living under a rock.

Haa. Yeepa. FBNH 4.95. Let me begin to prophesy. Nobody must scalp my man o

phoinix:


Bro, there are times for 20% and there are times for 2% . Today I am chosing between 0% and 2%. I don't give a hoot if I am splitting my profit in half.

0 to 2% ke.
This must be a new trading strategy. .
I wonder how come I never heard of this one b4

RabbiDoracle:


There is bewilderment as the global exchanges rages with bull, NSE is trading sideways. Not falling and not going up.

All that needs to be done is just look (like Lookman) and see the direction the market takes.

It has thrown confusion to chart lookers.

If market remains irrational like this, then smart investors will activate the dividend waiting mode and observe when the market finishes playing its games.

'Bewilderment' ke. We all know it is artificial nau. When they are done with their abracadabra then comes the fall.

See as culled from the Vanguard below.
A California man was arrested and ordered held without bond on Thursday for fraudulently obtaining some $9 million in coronavirus relief funds and using some of the money to gamble in Las Vegas.
Andrew Marnell, 40, a resident of the Beverly Grove neighborhood of Los Angeles, California allegedly submitted a number of fraudulent loan applications in relation to the coronavirus pandemic and obtained millions in Paycheck Protection Program (PPP) funds.
Prosecutors say he used some of the money to make risky stock market bets, and squandered hundreds of thousands of dollars at the Bellagio Hotel and Casino and other gambling establishments in Las Vegas as recently as last weekend.
The PPP loans were part of the unprecedented $2.2 trillion CARES Act, which provided aid for millions of Americans suffering the economic effects of the pandemic.

Mcy56:
Fbnh: Battle for N5 support ongoing.......which side is winning? We are watching......

Bargainers can't take away their attentions from interim dividend paying stocks......Ugaz......also 'F' somehow.....

The more times support is tested, the weaker it becomes. I hope this one holds.
Make I run b4 bargain hunters kee me.

sincerelymine:
Will FBN break this support tommorrow??

Maybe... Buying pressure seems to be getting weaker. I wish it holds sha.

DD adviced o.

BrokerHaruna:
Serious bears will descend on the banks. Covid seriously affected their earnings (re-low transactions). The dumpings will soon start. As it is, no bank should be judged on the basis of their old performance. These are unusual times! If care is not taken, some may even go under. SAD

I don't see this situation playing out. I don't think one quarter issues will kill the banks.
However, if it plays out I will be happy. We will be waiting for the 'serious bears' near the bottom - another wealth transfer on a platter of gold.

phoinix:


I beg to differ joo, has any of your trades determined the closing price before? Mine has and it is awesome.

Tomorrow when you busy on the FCMB charts remember that todays closing price is me.

phoinix:


Sorry, I meant sold. I don't know why this Ogas sour. I did something extraordinary and they bent on shooting me down.

I like this man a lot. He is Trump-like . He is in his own world and he believes in himself.
See. The move filled up two pages already - in the midst of this 'silence' o
Like Trump, the situation makes a very good comedy.

I run.

megamart247:


In order words we should wait for Guinness at N10 junction.
Thanks for your candid advice.

Guiness @ N10 and "Strength " mean different things oo.
Better not to mix the two.

DexterousOne:



If a stock broker goes bust

Your details are still gonna be in the register of the company, as kept by the registrars

I get your suspicion as a Nigerian, as coming from the environment we do, you always suspect and doubt everything

But you dont have so much to worry about

I like the part in bold. Check and recheck before you take the plunge especially when you don't know how deep the river is.

webizone:
This thread is livelier than the Forex thread. How comes?

Ha ha. U call this silence lively!
Wait till Meshpip Zen hit 11 or Rabbi's Zen hit 25. Then u will know the meaning of "lively"

stcool:
STERLING BANK....majority is concentrated in very few hands

Less vol traded the better... as usual Sterling needs to first cross above N2.00 then Fidelity and Fcmb cam follow

Haaa. Any reason for the statement in bold?

zionaigbokhan:
Good Morning all, I'm wondering what to do with my Access bank? It's too sluggish.

Bros do u have anointing oil? Use it and bind the devil commot for ur mind. Don't mind me o. This is serious joke ooooo

Most banks seems to be riding on bull since beginning of the week. You may want to hold and see what happens. You may consider putting a stop loss.

Pls do your DD oooo.

Bjrokenhear003:


Lmao I no quote textbook and I no vex, Na market we Dey try analyze naa

But what I was trying to tell you is that the selling pressure becomes worse when a company issues bonus shares and some people sell theirs immediately dragging down the price, panic grows in other investors mind, making them sell their bonus issue and some of their portfolio and it drags it down more, next coy qtr result wasn’t close to expectation, Na GOBE JOIN

The only way the MPS won’t fall is if their PE ratio is high, so it’s would be an additional advantage having such shares for free Instead of dividend because I know with the cash the company is retaining, they can increase their PAT and it won’t drag the EPS down south

Imagine amazon doing bonus issue I won’t sell mine because I know it will grow further and another coy with unstable earnings

Agreed. We are both saying exactly the same thing.

Bjrokenhear003:


Continue quoting textbook, what I saw when trading is different,Go look At forte oil when they issued bonus shares and people rushed and sold theirs on the floor, the truth is that when they issue bonus shares,

1) the shares in the company increases

2) people rush to sell it on the floor crashing the price

3)if the company sustains the NP level as before EPS falls and MPS falls automatically and it’s get worse if NP level falls EPS falls further

So in any way I don’t like when a company issues bonus shares to its investors or does right issues( Flour mill 2018 if you don’t buy you have lost as TERP price falls) and people still rush to sell on the floor. Truth is cost of equity is expensive and isn’t tax free, whilst cost of debt is cheaper

You've succeeded in repeating what I wrote in point 1 and 3. Which person is quoting textbook now.
If d tin look like textbook stuff to you. No vex. Na human being dey write textbook, not spirit.

Point 2 is not true all the time. Maybe you don't understand what I mean by exceptions.

Mcy56:
GTB arrived KM 22.
Zee lifting body small small.

Think this has to do with the expectation of interim dividend.

Fidelity: 31M bids vs. 4.8M offers
FCMB: did 1.81 already....

UBA, Fbnh, Access.....lifting body small small

When you start seeing this format you know it's a bullish day.

Mcy56:

Meshpips' VWAP. Lol.
Does it means TA is more important boss?

Meshpips own is VAP if I remember correctly.

I think both have their place and equally important

locodemy:
While we are set to enjoy,let's bear in mind that chibuking's bonanza is real.

He only miscalculated it.

We must give alert when bonanza is sighted.one thing is it is sighted in the midst of bull.Very painful to ask one to climb down when he is enjoying and about to release...........


Runs.... Away

Which kain tin be dis. Where is Veecovee

naturalflow:
all through my life,I have never seen a billionaire chartist but I have seen a few billionaire fundamentalist.

Na because person no waka far na him no make he see squirrel wey get hunch back o.

Bjrokenhear003:


If JB issued bonus shares, the share price must fall because people will rush to the stock exchange to sell their bonus issue and the dilution of shares has occurred

Selling/buying pressure happens all the time. One of the ways dilution happens is when total units of stock is increased without corresponding increase in net profit thereby affecting the EPS. Market will eventually re-price the stock with time. There are exceptions though.

DrAwo:
Julius Berger 5 year results analysis...
Thumbs up...

Thanks a lot for your posts. A lot of us appreciate it.

Multiplier7:
Good day Family! Pls I need help here

After I told my eldest sister that am into stocks. She sent me 50k to invest for her on any stocks. Every now and then, she calls on phone asking me ..' How far, any good news? The thing tire me o

I only wanted to take out time to study the markets and buy the best for her. But since the pressure is constant.

I need help on stocks to invest this money to yield a nice interest for her. Please any suggestions is highly appreciated .

Thanks.

What if you eventually buy and the stock did not turn out well. You need to let her understand the risk.
If you don't like to be disturbed, send the money back and have your peace.

megawealth01:
Zenith @15.7 and GTB @21 good buy? The gurus in the house please help... MADAM MERCY and my ogas help out also

What is your plan? Do you want to trade or invest? Will it be short, medium or long term? Let all of these always accompany your questions. This will allow people to give you good advice.

Northeastern:


Chief, well done.

Your list is not comprehensive, FPIs buy a whole lot that you'll be surprised at some of the names they buy.

If you are not sure of a factual claim, frame it differently. You are off to a good start, work on your delivery, all those uhhhh should be done away with. Practice your presentation before shooting.

You have a global audience, so, assume no knowledge. In all your videos, provide basic info...... I'll go top-down like this......We'll be looking at Nestle today, the stock with the highest price on the NSE. Give a brief background of the NSE.... like the number of stocks listed..... the sectors.... its ytd return, and then proceed to talk about Nestle's sector in the same manner before focusing on Nestle as a company.

Make a passing comment on its fundamentals and the sentiment of the market at the moment and clearly state that you'll be focusing on TA. Please use TA terms and make your opinion clear. Say, the stock is bla bla bla its 50 or 200-day ma. Support, resistance, pullbacks, should all be jargons that you are comfortable using. If I were you, I'll focus on FA, TA, sentiment analysis, and dream analysis(shout out to Yariya). No one would want to follow you when it is only TA value they get, so, go all in.

Good feedback.
Although knowing ALL is desirable, I think there are very few masters of ALL.
Yes. There are people who do only TA. They are very good at it and they have a lot of followers.

Godlylifeoneart:
https://nairametrics.com/2020/07/04/cbn-imposes-fresh-crr-debits-on-banks-to-the-tune-of-n118-billion/

Access Bank Plc: N3 billion
Guaranty Trust Bank Plc: N15 billion
First Bank of Nigeria Ltd: N12.4 billion
Ecobank Nigeria: N7 billion
Sterling Bank Plc: N5 billion
Fidelity Bank Plc: N11 billion
Union Bank of Nigeria Plc: N12.5 billion
First City Monument Bank Ltd: N10 billion
CitiBank Nigeria Ltd: N10.2 billion
Stanbic IBTC Bank: N15 billion
Zenith Bank Plc: N7 billion
Wema Bank Plc: N3 billion
Titan Trust Bank: N2.5 billion
Rand Merchant Bank Nigeria Ltd: N4 billion

These are huge amounts that are leaving the banking sector. It’s a squeeze on the banks. A bank like First Bank, for instance, has about N1.4 trillion in CRR with the Central Bank. And there is Zenith Bank with equally as much as N1.5 trillion. These are monies that banks can potentially put in loans at 52% at 30%, or even put in money market instruments at maybe 10%. So, for a shareholder of these banks, this CRR debits are impairing the banks’ ability to increase their earnings because now are not able to use the funds that are legitimately theirs to create money for their shareholders. And the question is that under what framework is the Central Bank choosing to take people’s money?”

I am not in support of either the Central bank or the Banks but I think you are looking at it from only one side of the coin.

vibesdot001:
I bought my fidelity @ 1.7 pls any advice on how not to lose on that investment

What are ur reasons for buying the stock at that price in the first place?

megawealth01:

People want to buy below 7. Min price for now is 7.2 because of the 10% rule. Wait for 100k block at 7.2 then the bidders will return next day

Mcy56:

Hhmmm.
Banking supports getting broken anyhow.

Panick selling. Major banks already getting to oversold territory. Many of them around another major support level.
Mr history teaches reversal northwards should be happening soon.
Mr time will put things in proper perspective.

DD applies o.

talk2me2:
Meristem stockbrokers has really disapointed me. I sent them a payment request since on Tuesday they debited my cash account and processed the payment, and even sent me a mail that my money has been processed. But up to now they have not transfer the money to my bank account. I sent a mail to them this morning but they did not respond, I called them and they did not pick.

I don't know what else to do I suppose to invest that money into ETH cryptocurrency since yesterday and now ETH has started to rally

Logon to their website during work hours. They always have people at the other end for online chat support. You can go further by asking the chat guy for your account officer's info.

BullBearMkt:

I guess CSL used FA to predict N15 for GUINNESS because in TA, any stock with 52 week low has higher risk of going lower until there is "strength"

Thanks sir. Well said.
On a lighter mood. Looking at up to 2 year performance this stock leaves a bitter taste in the mouth just like the product. Unfortunately they won't allow us go short on NSE.
We are watching out for "strength" like a hawk.

locodemy:


I hope we are not talking of anything outside stock investment?

Key to stock investment is FA.

Loco doesn't invest money @ our own NSE but he only does Jijo based on TA and sentiments.

The FA helps to locate good stocks for short term investments .

Yes.

FA helps to determine if there is value in a stock at every point in time looking at risk to reward.
TA helps to optimize profit by helping to determine the right entry/exit point, trend, range, support/resistance etc. etc.....
I will advice every investor to seek basic knowledge of TA. It will help.

I have been looking to add to my GT and Zen for the past 3wks. TA did not allow me to buy immediately telling me those two will go a little bit more southwards for this period. Sometimes ago, I will rush blindly into the deal thereby missing out on a few quid.

Optimisation is the keyword here.

locodemy:


Never invest on TA but Jijo on TA.
It only show bullish or bearish signs.
In other words,it's P &.

I disagree. It does much more. I'm not a proponent though.

BullBearMkt:

...It needs patience

At least two years of steady consistent decline.
Lower highs and lower lows.
Charts still not looking good.
Seems to even defy indicators

I may be wrong. Can you pls look at this.

cc BullBearMkt