₦airaland Forum

Well, why wasting time if there are better things( stocks) aside ETI

We are here to make money both in the long and short run,

megawealth01:
Well no comment as eti na my JIJO stock

It would soon go to where it belong

Mcy56:
Did anyone see the abracadabra in ETI now!
Back to 5.90..... This market ehennn.

Well trade what you see and not what you hope!

Enough lessons, Avoid stories that touch the heart

BrokerHaruna:
Folks should calm down. ETI result presents huge opportunities, huge upsides. Smart investors are positioning. Note that it's an audited result for a reason. Watch out for the ride

See all the shout for ETI e go reach N15! this is an embarassment

seyisanya:
This one nah ghen ghen...

In as much there is demand and supply price would move:

What is behind could be many things eg insider trading, my friend works there, pending acquisition etc

Just follow your style

daddymgg:
What's driving FTN cocoa plc to even gain at all after the poor result?

Wonderful MCY.

Before one can say that this market is bullish stocks have to break previous highs
to form higher high. Anything could happen from here, your advice is good but staying in cash

and watching for the entire market breakout to take action is better.

Mcy56:
I took this teeth shining to mean "shebi I said it that it is/was stage managing"
Hhmmm. Oga Selly after how many days/week(s)?
Chai!! No one can satisfy human beings.

Anyway, if you pay much attention to the movements, maybe you will look beyond that.
I think the red we are seeing on the floor, in banking sector expecially has to do with some analysts negative view and report of the special FX bill.
Seems some cant really figure out what it means for the economy and the banking sector, hence various analysis on it.
Tomorrow we hear a different thing again.

Eitherway the market respond, its still Mr. Market and it will present opportunities or provide capital gains. It's just for us to benefit from it.
Reason its very important for individuals to know why they're in the market and what they buy into.
What I know is that we are in the last quater and there'll be various activities.
Whosoever is in sound fundamental stocks should not panic unnecessarily.
It is well.

Mcy56:
Oga Selly, who is stage managing today's green again ?
Or the recession has ended just today?

S007:

Notting is impossible, with all other shellholders then

locodemy:
And when the bank goes bankrupt,you carry Kaya on head.

Na lie o.
Weldone bro.
Just that tomorrow is very pregnant in this stock biz

Strategy: When it goes up - Fine

When it goes down - wait N7-6

When it goes very down - buy more N5-3 ,,,,,,,,,,,,,,

Time frame is not cast in stone, I can exit as long as I am in profit.

If in loss position, collect dividend.

Thanks @Loco

locodemy:
You can only be sure of now not tomorrow.
Fbn may or may not be in existence.
Your timeframe is too long in this volatile market.

Make it only one season and subject to review after the season if at all you wanna go long term

Best advice bro

I am on bid for FBN 7.25 since opening still partially filled

Time frame 10 years

Excellent man

fidtopade:
Your post came to mind when the market started crashing, haven been in the market for over 12 years, I knew you were making sense. Well,
I bought stuff that I can confidently leave for a long time or for dividend yeild. My question now is, do you see further price reduction in the NSE?

I support the way you are seeing. I am getting out to cash, probably

could still buy low and get a juicy dividend.say above 10%

Penboy:
Hmm.. I see a dip sha.

For the past 3 weeks, then trend of Fridays have been "taking profits" and then "Rallying" on Mondays.

That's what I've just observed. Let's see how the market goes.

I'm sha getting set.

OBAGADAFFI:
If they raised the nominal value to N2, what will happen if the market price it below N2 after reconstruction?

Where you see price increase

swilo:
Access Bank is just a funny stock. Is it possible to walk with your head? With that amount of overhead offer, the price is still increasing.

Volume is quite high !

locodemy:
Some people are not done buying at that price,it will gallop when (they) are done.

You don't need TA to buy Sterling bank in most cases.

@Loco,

Join @1.98

locodemy:
When he sees Sterling bank at above 2.10 tomorrow,he won't remember it was selling at 1.97/98 today.

Even begging now at 1.98 as I speak.

That is why notting is cast in stone, market could change at the slightest minutes.

What is important is to make money whether bulls or bears

locodemy:
Oyel $47.65.
Na this one scatter the bears totally.
We for hear am

I COULD be wrong Mcy. nothing is cast in stone

Mcy56:
Oga Selly, who is stage managing today's green again ?
Or the recession has ended just today?

Yes that is right

emmanuelewumi:
You don't lose money until you sell.

Bro,

I dont talk when there is notting to say. I just want to help those that would listen.

I am still in the market with heavy money. I am suffering the way some area ( Trapped Bro)

Not withstanding I would still offer valuable advice to those who cares about hard earn money.

Rule number one is Never lose money

Rule 2. Dont forget rule 1

PharmAlfred:
You are or seem so, going by how you have been jumping around looking for you to blame for the bear. Getting too excited and in the " I told you so mood".

Relax, this is not the end of the market.

Bro, you just said what is in your mind , I dont play blame game here.

Go and read that post again and underline the blame section. Then I would say sorry

If you cant please let us take caution.

PharmAlfred:
Bro, remember that guy is solely responsible for his decision. Don't try to blame other people for it. If Access turns N15 tomorrow, will you still say this? Good thing is that the young at least bought a healthy/sound stock.

Stop pushing the blame agenda.

I said stage managed, naa so Mcy say no be so.

OBAGADAFFI:
As an experienced investor should know That Bull na, shakara Bull

That is what given hope at a time like this can do

See what you trade not assumptions. Assumptions has dealt with many here Oando is an example.

ucvin:
My fingers are burning. Bought access @9.90 prior to the buzzers. Now it's 7.90?
I also entered uba@7.50 today.

I no be JJC, I am sure that @ is a misquote

PharmAlfred:
Someone of said GSK is expensive because of of EPS of 36kobo. I bet you are new to investing. Wapco is selling for over N20 but has EPS of 1naira and some kobo. Access has an EPS of N2.90 but is selling at N8 today, Union bank 56kobo EPS but trading at over N5 while Fidelity with 70kobo is trading below N2.50.

There are a lot of factors that account for valuation. I believe OGG and Currentprice will help you out.

@Sellydion.

I no be JJC, I am sure that @ is a misquote

PharmAlfred:
Someone of said GSK is expensive because of of EPS of 36kobo. I bet you are new to investing. Wapco is selling for over N20 but has EPS of 1naira and some kobo. Access has an EPS of N2.90 but is selling at N8 today, Union bank 56kobo EPS but trading at over N5 while Fidelity with 70kobo is trading below N2.50.

There are a lot of factors that account for valuation. I believe OGG and Currentprice will help you out.

@Sellydion.

As good as many Analysts are price following still seems the best
Better when suported with reasons, When there is divergence, take action.

moneymanager:
Yea, this was what I was told as well by a friend in the Fin Sec. He gave this as the reason GTB was so high. That why one has to be cautious cause once the forex comes in, heaven only knows what will happen to the stock afterwards.
Thanks for the details Mehn ������

bro, this is not yet time to strengthen hope, this recession is Almost World Wide, People should watch and wait,

Down movement may linger than you think.

PharmAlfred:
We have seen this pattern play out again and again. If you want to sell, just go ahead and sell but remember recovery is already in sight starting from today. Most stocks will close higher than you expect. Bargain hunters know this and have already bought to their fill.

Also keep an eye on GSK vaccine news.

Happy investing.

nna777:
With the news of the recession, the plug has been pulled. We dey for sideline dey watch.

I am not selling this yet, I bought for 2021 in view, It does not matter what the market is doing now.

The way to profit in bear market is dividend. GSK is fair enough.

kalkah:
Don't panic yet, I bought GSK last week Monday in the Morning 6.95, it drop to 6.4 same day. Then on Tuesday it started rising in the Morning hoping to that it will drop in the afternoon just like how it happen on Monday it did not drop and it was on full gear till Friday.

Unfortunately I set buy order at 6.85 and 6.7 on Friday, before I login this morning the order has been filled, my average price is 6.56.

Let wait and see how Market behave this week, anyway I will sell some this week when the price reach 7.2 that will give me at least 7 - 8% profit and my average price will go down to 6.26.

I am not selling this yet, I bought for 2021 in view, It does not matter what the market is doing now.

The way to profit in bear market is dividend. GSK is fasir enough.

kalkah:
Don't panic yet, I bought GSK last week Monday in the Morning 6.95, it drop to 6.4 same day. Then on Tuesday it started rising in the Morning hoping to that it will drop in the afternoon just like how it happen on Monday it did not drop and it was on full gear till Friday.

Unfortunately I set buy order at 6.85 and 6.7 on Friday, before I login this morning the order has been filled, my average price is 6.56.

Let wait and see how Market behave this week, anyway I will sell some this week when the price reach 7.2 that will give me at least 7 - 8% profit and my average price will go down to 6.26.

We have seen this before untill all doors are full opened

Willie2015:
No, ma
I dont agree with you...
December is historically bullish...
Mkt will pick up again by 1st..
to 2nd week of December ...
I need Xmas money