₦airaland Forum

Toluway:
You're right. I've been using operamini. I will try other browsers.

I hope other browsers work. If not, you might have to use another gadget for this purpose. I think the Galaxy Note 2 is not compatible with 'Adobe Flash Player' which I think the platform requires. I stand to be corrected as I am not an IT person.

tenry:
Abeg no vex, I need your advice on stock to invest my money on. I have 100k to invest in stocks. I don't want to buy bank share, pls which stock can i invest in? I trust gurus here to direct me rightly.

If you are a newbies like me, don't invest on Stocks now except you have a long term view.

myjoy08:
For those in Skye Bank train, plz and plz don't be greedy in taking your short term profits. Just an advise...

seconded

Acidosis: If I were you; I will kill the man on spot.

Get someone to have him shot dead.

Forget the Police; they won't help you. You are from Edo/Delta state, do not die in Lagos.

Go to your state and hire assasins. With N50,000, you can make the baale cry over his dead son.

This is the kind of advice you get when people who are suppose to ensure justice is done becomes glaringly irresponsible.

..very hilarious responses so fa! God bless you guys for this eye opener on drugs

feelamong: these guys are really doing a great job here!

who is the market maker for Cadbury? they have to go and learn well o!

Seconded, I did loose some fund on that stock

passwelle: Sir, Access closed at 9.80 today I can now confirm to the house that the last minute trades done on this stock are actually done on the market as opposed to cross trades.

Thanks boss

passwelle: For what its worth, just before the market closed today, some units of Access Bank shares traded well above the days average price.
However, if there is a pattern, methinks there is something going on. In the past month, this particular stock trades low through the day and just before the market closes, enough volume exchanges hands to bring the closing price up. The closing price of a stock has an influence on the opening price of the stock. And erm this stock may be doing a rights issue soon also .

Bless you boss.
In other words, some people are helping the stock price rather than let the market naturally do its job. Could this be the market makers or just some 'well wishers'? Anyway, I llkeep my eyes wide open!

passwelle: Access sha

what is the explanation for this kind of trade, please biko, explain.

Aks: .
You will get access once you open account with morgan. You can check their website www.morgancapitalgroup.com for all info needed

I do have an account with Morgan. What I only see is the market trades; market orders is usually blank.

Aks: @all, FTNCOCOA that was selling for N0.66 in the morning now fully on offer (25M+ UNITS) @ N0.60 - N0.66. Monkey Hunting
Don't claim to know anything in this market otherwise..................................................

how can one monitor real time the offer/bid status on the NSE

Access bank seems to be looking upward

Agbalowomeri: Monkey hunters

....meaning?

What is responsible for the +ve performance of FIDSON
on the trading floor yersterday?

Aks: This is the right time for positioning in the NSE market.

After Bear comes Bull, the story will change in matter of weeks

I agree with you sir. Food eaten by the bulls was unwittingly prepared by the bears. Although that takes some real investment courage and patience.

mkwayisi: IMO, the hottest stock for short-term investment is PREMBREW. Since August 8, it has consistently risen from #0.77 to 1.65 (105.19% increase), within just 17 days!! Of course, you should know when the chips are set to come down

I am very wary of Prembrew. The volume viz-a-viz the number of deals moving that stock scares me away from it!

@Moneysage
God bless you real good

Deal all, I want to make short to medium term entries into any 10 of the following picks at the entry price indicated, make una please advise me biko!:

ASHAKACEM 33.00
CAVERTON 5.60
CCNN 14.50
DANGSUGAR 8.70
ETI 16.25
FBNH 14.60
FCMB 4.25
FIDELITYBK 1.95
FIDSON 3.20
JAPAULOIL 0.51
MAYBAKER 1.58
SKYEBANK 2.9
TOTAL 179
TRANSCORP 5.65
UBA 7.2
UBN 8.16
VITAFOAM 4.1
WAPIC 0.76

bigass: I am currently out of Stockmarket. Planning to go into beans and palm oil business.

Palm oil business also has lots of risk attached to it, you must really know what you are doing to do well in the business. The business could be very very profitable though.

BnsitL, it is like there are unending things to learn on the stock exchange. I observe that the closing price of some stocks are different from their opening price the next day. Is this observation right and why is this so?

this is why i never like the idea of transferring shares from one stock broker to the other; they will just make life miserable for you. one month is a lot of time in investment kwaa!

dont8: Why are most of our Military Officers so aggressive nowadays, it's a cause for concern for the authorities.

They are so aggressive because they have an overrated feelings of themselves; they believe they are some kind of gods and ''thinks nothing de happen''

how long does it take for Morgan Capital to open an account for a customer because I have scanned to them all the documents they required since July 25 and up till now they have not responded despite repeated reminders to them?

[quote author=dagr8][color=#000099][font=tempus sans itc][size=12pt] Brothers 'n' Sisters In The Lord

really funny!

Elai147: I am not sure if 'short' is practiced in Nigeria. But going short actually means you are borrowing the stock from your broker and selling it immediate with the hope that it will fall in price and then you can buy back the same share at a cheaper price and give it back to your broker.

we would recommend that you go for short at current market price (CMP) of N49 for the target of N46 and N44
This means you borrow at N49 and sell immediately and then wait until the stock falls to around N46 - N44 and then buy it back (you must have made some profit at this time) and return it to your broker. placing a stop-loss of N52 means that in case the trade moves against your plan, your broker should sell if the stock gets to N52 instead of falling as you envisaged (this will limit your loss).

we would recommend for traders and investors to go for long at N 1.13 and book profit at N1.25 and N1.33
This is the normal practice of buying @N1.13 and selling around N1.25 - N1.33. Using a stop-loss of N1.05 = just in case the trade go against your plan and fall instead of rising, your broker will sell when the price falls to N1.05.

I hope I didn't miss anything out.

Thank you so much, boss

jamace: How market, my bnsitl?

Meanwhile, Evilspirit is conspicuously absent. I think we need to search for him.

What is the meaning of this bnsitl?

Dear all, somebody should kindly explain the meaning of the two statements below to me: ''we would recommend that you go for short at current market price (CMP) of N49 for the target of N46 and N44 with stop-loss of N52'' and ''we would recommend for traders and investors to go for long at N 1.13 and book profit at N1.25 and N1.33; with the stop-loss of N1.05.''

My stockbroker mistakenly bought 24,000 units of Oando for me today at N28 per share. My instruction to him was to buy about 7, 000 units at that price. This will bring my total Oando holdings to about 50,000 units and that amounts to over 70% of shares in my portfolio. I am a bit scare of keeping this much value of a single stock. Should I keep them or order the broker to dispose off the excess at his own cost?

SKYQUEST: Kudos to you all. Kindly help clarify me on this: Since the closure date of ABC Transport is 11th – 15th August 2014, will one be entitled to the dividend and bonus declared if he owns the share as at 11th of August but sells the share before 15th of August?

Yem0350: It is the qualification date that will determine if your entitle to it or not

Thanks boss. Will the qualification date falls within the announced closure date of "11th – 15th August 2014", how do I get to know the specific date of qualification?

Kudos to you all. Kindly help clarify me on this: Since the closure date of ABC Transport is 11th – 15th August 2014, will one be entitled to the dividend and bonus declared if he owns the share as at 11th of August but sells the share before 15th of August?

Can a good friend of of the house assist us with the information about brokerage charges of Meristem Securities and that of any other good broker.

oohh God, Access bank again?