currentprice:


Lol.... the sign was there before yesterday na..... it all over the chart but pple call it lagging

27000 support now turn resistance

Considering "the chart" while using UBA as an example, there is a constant that has been reoccurring since October.
The coronavirus made its first appearance in the news in December during a bear yet the market paid no mindfulness and produced a bull in most of January.
So similarly the only thing that has been playing out (until a few days ago culminating today) has been the normal unfolding of this constant.
By next week we should know if the constant will remain making this simply a factoring-in of the coronavirus' impact on the economy,
Or....

Yesterday's news of Nigeria's first case of Coronavirus is what has triggered the negative response in the market today.
It's a shame we in this forum did not explore how such a senerio - Nigeria's first case - would affect the market.
We are too reactive in this forum.
In any case considering other exigent situations leading to reduced prices we should contemplate hedging.

emmanuelewumi:


You cant time the market, that is why you in tranches. If the dividend yield is higher than inflation, I am good to go.

Well that statement is not entirely true. There are usually patterns created for the perspicacious to decipher.

mendes911:


Those that bought today will be selling by Wednesday. LOL. We know how it rolls. LOL.

Thus spoke Zarathustra

Plumville:
Culprits have not been apprehended yet and all the details even police strategy to track suspects down with phone are being spilled here. Nigerian police and their quest for unearned accolades!

I am not sure it is "accolades" they seek. This looks like a setup to tie in some yahoo boys for the sins of someone else.

sellydion:
Humm! I fearoo. Pump and dump with stocks that have embedded potentials? okay oo

We they watch in 3D

at the right price

Marlianvestor:


In this market, you see whatever you want to see and ultimately get what you see... Just law of attraction in action! Whilst some see green, some see red or blue... Just make sure that you are validating whatever your are seeing. For traders esp, as long as you parameterise your trading re. entry and exit, incl loss policy whilst ensuring you stay on the side of probabilities always, you are more likely to succeed...

Coronavirus and oil price drop

currentprice:
nobody see coronavirus coming, this virus affected the movement seen last month which expected to continue this month but mkt has been badly affected and change the sentiments to favor those expecting bear mkt in order to buy low. seeing price move below the cycle pinbar on daily was a bad signal and price unable to move inside the weekly clouds makes matter worse

though the fundamental of stocks remain intact but if one have the opportunities to sell with little profit since price still well above August/sept prices, do so to buy more unit later.

if you sell, it not necessarily you buy back same stock as new opportunities will shows on other good stock. it another opportunity to make us rich

Not sure your assertion is right that the current bear is being caused by the Coronavirus and fall in oil price.
Because I don’t recall any virus or drop in Oil price from ending of November into December?

BMZK:
Happy New Year.
May 2019 be a greenish year to all of us!!

Hmmmm do some people still need 2019... with the kind of killing they already made on Diamond Bank? - 200% profit

#@Yariya & co

TLAX:
Chibuking and Peterichy...please confirm the Bonanza period again. Is it still Feb/March, or April/May?

jan/feb

arduino:
I carry all my Jaiz Bank loot poured into FBNH @N7.50 and some people dey bid the same stock @N7.45.
NSE is a crazy battle field wahala

I feel you.
that fbnh is crazy.

samzepaparazi:
\

BUT STILL ENDED IN FULL BID

this is exactly what happened with oando in april - it closed on full bid

no one believed it would be heading south just like that - so many were loading up out of excitement while the true players were easing out

check

samzepaparazi:
if you believe diamond bank will hit 3 in jan say yay!!!!!

N500 million in sales volume alone today? Bet it will be reversing on Wednesday

onegentleguy:




Mr Jona I do not need to tell u when I key into a stock.
...especially if ur not part of the private crew I stated above. Pls read the part of the post in bold.

Cheers.

so you don't need to tell us when you key out of the stock either

Jonathan:
Chai , that person that entered FO at 37 naira the other day. Chaiiii
There is God

lol

samzepaparazi:
the diamond access deal was a 260% promise from 87kobo.

you will be even at N2.26.

if access bank rallies further, you have an even better deal.

so why sell your diamond

Coolcash1:
sorry house, what is the share exchange ratio for the Diamond-Access bank merger?

7 for 2

over 100m already sold in diamond
wednesday will look like FO

4601CE:

He owns 75% of the outstanding shares . And he’s selling everything .
Abi which one is downstream again?

the disclosure clearly states 75% of the shareholdings in the company's downstream business

the company is made up of

1) downstream
2) power
3) upstream

onegentleguy:


Yes, I believe its a shakeout !!
With FO, TECHNICALS is still very much intact !!
Current price(day low) of N32 is still well above all key moving averages... including the pivotal 200 sma(@ N29.48).
The interpretation of this is that the expected PE investor(long term in view) who would supposedly buy up the 75% equity stake is 'still very much around and kicking' !!

This is clearly profit taking at work. I expect price to continue the uptrend in due course. When? ...I do not know. ...the market dynamics shall determine that.

CAVEAT: Just a feedback. ...not a recommendation !!

Cheers.

75% equity stake in the downstream operations and...
“There will be no sale of the ordinary shares or any other securities in any state or jurisdiction in which such an offer solicitation or sale is not permitted,”

sillysassysally:
I don't do stock picks but for the rest of 2018 and the pre-election period, I'd say FO because in light of the recent news of Femi Otedola selling his shares, I think there's going to be a cross deal at a price above N40.

This is just 75% of Downstream or is it 75% of the entire group?

735i:


DB wey done rally finish? Shine your light on FO.

what of the disclosure notice?

salanda:
Wapco rises
while Dangflour has been a little dodgy

And finally...

Wapco rises
while Dangflour has been a little dodgy

Please download and use FIREFOX for your MorganCapital login

OBAGADAFFI:


Leave our WAPCO alone.

It's one of the best bonanza in the Market.

Agreed but I was only referring to the mediocre one na

Hmmm WAPCo quite lively this morning

Agbalowomeri:


In fact, the most important that covereth all
It's an exercise
You finish, u drink water
You finish you sleep peacefully
It's an act of kindness and gratitude
It reduces your sugar level
At that very point, you are willing to learn all and any lesson; so you are teachable
Brings you closer to immediate and extended family

Actually the most important that covereth all which is also not on the list is MEDITATION

Agbalowomeri:


This is how you know the people from my Ijebu village

but I am not Ijebu

maishai:


Depends on how low i can get it, targeting an average down price of #12.

I understand

fxuser:
Healthy List

1 Get more sleep
2 Make time to exercise
3 Drink more water
4 Eat less sugar
5 Stay teachable
6 Read and write more
7 Remove clutter
8 More random acts of kindness
9 Don't respond to negativity
10 Spend quality time with family
11 Show gratitude

#ThursdayThoughts #Goodmorning

#copied

These 2 should be done without the use of money

maishai:


But You said this is a 3euro stock......... Actually, I believe wapco will still tend in the #150 to #200 zone in the next 4 years, I am on accumulation mode... I have this belief because Wapco has a humongous revenue stream and right now they are just trying to shake away weak retail investors

And you are truly going to hold for 4 years??