₦airaland Forum

MARKET COMMENT 25 MAY 2022
Despite the Fed minute meeting expected today, early indication is indicating a bullish day? However, we should only take this with a pinch of salt, with 2 Fed reps speaking including the Chairman by 14.00 EST, big money will not have hand in this market till after the FED Chairman's speech.

As things are going, we are shifting to stock with some Value qualities present in them, somehow tech stocks are becoming too unpredictable.

Premarket is as attached.

NO STORY DAY 24 MAY 2022- BEARS LIKELY TO CARRY THE DAY
If you have no inverse ETF in your portfolio, you are giving yourself unnecessary headache at a time like this.

Don't know inverse ETF to buy. Send "inverse Recommendation" to whatsapp no. +2348023054935

HAPPY NEW WEEK- WHAT IS THE PREMARKET TELLING US?

Premarket is telling us that a bullish day is possible with VIX and USD reducing. Biotechs, Oil, and Blockchains look promising.

However, we should avoid risky trades, the very low-priced stocks somehow are very risky, especially those trading below $1.

Somehow the blockchain products seem to be ready to shake off the recent disastrous fall.

Let us be careful in this market, longevity matters. These days, with the way I have seen stocks fall, I am seriously seeing that taking small losses may be better than letting our account suffer big losses. any loss above 20% is a problem, we just need to look at limiting losses.

The biotech stocks are coming back gradually, with Covid still in China plus monkeypox showing up, some biotechs will definitely make money.

Finally, let us avoid fraudsters adding us to investing groups. Did anybody see the NSITF Group, NSITF has no provision for Investment Group, this Group is just the work of a pure fraudster, let us be warned?

THE MARKET SHOWED US A POSITIVE SUPRISE TODAY
Despite the fearful mode of the premarket, was shocked to see some of our portfolios gaining today.

This is a good one.

TODAY EVERYTHING IN THE MARKET IS UPSIDE DOWN
Today the inverse ETFs seems to be in control of the market. But they are a difficult animal to trade. To trade them effectively, you need to catch them at the top or at the bottom.

Nevertheless, tommorow is another day?

Diversification will make us last in this market, despite the strong performance of Energy stocks, many of them were hit by the bearish arrows.

MARKET LOOSING MOMENTUM GRADUALLY- LET US ASSUME IT IS TEMPORARY
As the market is losing some steam and with FPIs not interested in our type of climate, I am sure some fear will likely catch the parties that turn every situation to full bid.

Therefore, if you see the likes of NNFM now set free, do not be surprised. It will be a big surprise if the stock continue on full bid today, the price of that stock going over NGN13.00 will just be unreasonable.

Let us see how the market plays out.

YOU NEED TO GET INTO THE GOOD STOCKS AHEAD OF OTHERS?
With the Foreign Portfolio Investors (FPI) staying away from Nigeria equities, making profit in the market is likely not to be easy.

Just like at the moment people that bought the good stocks are selling (if you bought INTBREW at around NGN6.00, you can afford to sell today at market and still make a good profit, actually it seems a lot of off takers are waiting despite the stock falling today, there is sill liquidity?)

Visit our page and see some stocks we have bough recently, usually before the public rush. Text "early bird" to whatsAPP +2348023054935 for more details. [url]https://twitter.com/kelanio2002
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WHAT STOCK ARE WE BUYING
This is the link that will be showing the Nigeria stocks we are buying daily (we have created this is a result of popular demand and we will endeavor to keep it updated constantly) , you do not want to miss the good stocks. Even if you are not buying the same day we are buying, you will never be too late to the party: https://mobile.twitter.com/kelanio2002

And if you want to be an early bird or get the gist as soon as we are buying!!! This is not free, but is Damm cheap!!!

WHAT WILL THE MARKET DO TODAY?
Good news!. Market likely to make some recoveries. Blockchain stock/tokens are looking fantastic.

As usual below are some figures after market closure yesterday (which will still hold as at this morning.

Let us still thread softly, the bull may not be fully back. Also remember that FED person speaking again at 7pm Nigeria time. We hope this FED speaker will not come and spoil the market! There is no way any FED speech will shake the market again, as the fear has been somehow priced into the prices at the moment.

Have a green day and let us stay on the side of caution.

Plus10:
Boss,please what time does the US stock open for trade in Nigeria,can it be traded at any time?

MARKET OPENING TIME IS [b]2 30PM TO 9PM NIGERIA TIME. [/b]When there is day time saving around September it will change to 3.30 to 10pm, and the revert back to 2 30 to 9pn arounf April.

You can only trade during the market opening hours. Generally it is better to trade when most traders are active as there is more volume and you get good fills.

[b]TODAY WE FEEL LIKE BEIGN A FATHER CHRISTMASS? - FREE STOCKS THAT WILL MOVE SOON (NO SMESME OR LONG GRAMMER) [/b]_ BABU TURENCHI?
Our members have received the Nigeria stocks for today. I am happy thar 2 stocks on our list are already on full bid.

As we are speaking my order is in the market for one of the stocks.

If you text "Nigeria stock" to whatsapp No: +2348023054925 (note our message goes whatsapp numbers ONLY) , we will send 5% of the stock on our list to you and add you to the free section of the Group. If you forget us : see below:

WHY WE NEED A TRADING SIGNAL SERVICE- SERVICE GIVING US MARKET DIRECTION/BUY SELL IDEAS
A trading signal service is like a coach to a sportsmen. The Coach tells you without attaching any emotion, what you should do.

Due to my writongs everyday, I realize that most of my writings most of the time are correct as confirmed by the market in a few days. The record is there on Twitter for confirmation.

In line with the above, we need to have that hedging in our portfolio, the market is so unpredictable at the moment, this can make someone mad and make you doubt if you realy want to do this trading /investing. Of a thing. Like as at time of this writing, Commodities are down, stocks are down, blockchain tokens are down even Chinese stocks are down (YANG - China inverse is in the early morning gainer list).

I believe the earlier we get a trading signal service the better. It will be like a stitch in time that may safe 9 in the future. . Just make sure the service is cost effective, this will give you some overview of the market. I remember. In early days of the forum someone said he subscribed to Motely fool service, this is good. Just subscribe to one that can give you service commensurate with the cost involve. I am sure your portfolio balance will thank you for it.

Below are the premamarket figures as at time of this message, as usual, I have cut off the low priced stocks on top.

Wishing all a good trading day. Let us not give up, but we need to preserve our capital. It is not compulsory that we trade everyday. At a time like tjis we need to slow down, have some few days to think of how we can make things better.

TODAY IS POINTING TO A LIKELY RECOVERY DAY FOR SOME LOSSE WE HAVE SUFFERED
The premarket below is telling us that we should expect some bullish moves. Note that I have cut off the usual low price stocks that are always at the top and show us some stocks that has at least some quality.

No matter what the market does, I will always be mindful of "the black swan days" (a day the market will do the unthinkable", Therefore, I will likely have these inverse stocks as an hedge, but as emphasized, I will be going in and out of them from time time to time. Also, personally I will avoid shorting the S & P 500 related inverse as much as possible (these are strong stocks that have withstood market shocks for a long time).

Happy trading day to all. I am loyal to this constituency to the core. For Nigeria stocks for our members (sorry, they are paying money, among the stocks were buying at the moment: DANGSUGAR, I cannot give all away free). If you are interested you can join us, rate is very cheap, less than $4/month. It is not for everybody please, only those who want to avoid making losses can join.

WE NEED TO HEDGE SOME OF OUR POSITIONS VIA INVERSE ETF IF WE CANNOT SHORT

Was a little surprised to see the early positive movements reversing again. My consolation were DUST, TRIP, VIXY which I just bought towards the close yesterday for the purpose of hedging my position in Gold and Oil related stocks. Fear in the market is on and may even be higher tomorrow. I believe the 2nd FED speaker for the day must have pressed an adverse button. The earlier speaker BOSTIC is coming back again to speak close to market close, let us see if he will reduce the tension against the big fear for tomorrow. Good thing is that CPI is before market opening. So once digested, the week will be normal depending on how the CPI figure is perceived by the market.

On a serious note, we need to enter into one of these hedges, if we are interested in this market.

The problem with Inverse ETF is that we need to monitor it and sell when things comes back to normal, as it just a short term protection.

In the process of search I even came across HDGE , which will go up when the market is going on (we may ignore the lower volume here), if we feel the bears will continue, HDGE should be in our portfolio. It is available on Passfolio.

Topson88:
Hi guys, Am 30 percent down in Amazon, should i cut my loss or wait. Is it likely to get worse?

It is good that stock opened positive today.

The support is indicated below. You can be trailing the support if price continues to move up. But if it closes lower than yesterday's closing price again, then there is problem.

Enjoy your day.

WHAT DID WE BUY RECENTLY?
From Friday 6th to date, we have covered our in out commission with at at least 6% in our pocket

Want to get our hot stock picks just as we are releasing it and we be your mentor: text "Nigeria stocks to +2348023054935", today we have another set?

CircleOfWilis:
as a newbie I no come understand wetin I dey see ooo

Please tell us what you are seeing. Today is a baptism of fire. We either get out if we find it too hot or we wait till the following day to see what will happen. If situation has not cahnged for the better? We either accept the losses or we sell and keep the cash till things are better.

TODAY'S MARKET IS HITTING OUR PORTFOLIO HARD?
I may have no option but to take some losses on some postions. It is very unfortunate, but sometimes it is better to cut the loss short.

Monitoring the stock, I was formerly us by 5%, but now down by over 3%. Thank God there is no commission on Passfolio Platform, will likely take the loss and keep my cash?

Taystee:
Where can I trade US stock?

You can trade on passfolio (check my profile for the link to the platform) . But I hope ypu know the state of the market at the moment?

Have you been trading any financial instrument before?

If you have not been trading before I will advice that you start with Nigeria stocks for now.

THIS IS NOT THE BEST OF TIME TO BE IN THE GLOBAL STOCK MARKET EXCEPT YOU HAVE SOME COURAGE PLUS A GOOD TRADING SYSTEM
Market is in a fearful state at the moment. The best opportunities seems to be in the Energy Sector. But do not expect to see many cheap stocks here! Today our stock pick is BPT.

If you cannot withstand the heat, just stay on the sideline for now. There is big risk in the market.

THIS MARKET IS THOUGH
This is a day when you do not need anybody to advice you.

MARKET COMMENT AT CLOSE 5 MAY

The market took back most of yestetday's gain. There are days like that? We move on to continue to see how we can be better at this.

Looking back at some stocks, their old prices and current prices it is just unimaginable how stocks can fall to atht level. I have realized it is a common occurrence in the market. An example will be FCEL (around $4 at the moment), I learnt at one time was trading for $200 sometimes in the past. This is a lesson for us that if see an obvious mistake, we just need to cut the loss and forget, especially if we make a mistake and buy the wrong ticker

Another day that most investors will like to forget has gone.

[quote author=benedictuyi post=112506743]Is it advisable to still hold on to $VERU or one should count his losses and move on?

UPDATE ON VERU PREMARKET 5 MAY 2022
VERU is still moving on, made a gain premarket today again. Actually I am interested in this VERU, only that my system will only tell us when it is getting to high momentum area.

Actually, I like anything recommended by Oakpeal , he know his style very well. By his own system, maybe he has sold the day he bought it at a profit (he always talk about day trading), on our part we do swing trading (this is our system and we are happy with it)- a slow and steady system with longevity in the market as our main objective. "A sort of slow and steady win the race"

Again I say a big shout out to Oakpeal, the Guy is good.

For people like me, I am one of the bad boys of this forum, I will say everybody should just accept me like that. There is money to be made here and I believe we will get it right in no distance time. Finally I say a big thank you to all members of this forum and the NSEMPA side that believe in Target Technical Analysis God bless you all.

TODAY WAS A VERY GOOD DAY IN THE MARKET- IT IS LIKE CHRISTMAS IN MAY
Please the speech by Powell today was a good one, the market applauded the speech by going green.

Congratulations to everybody in this forum.

Let us continue to drop more ideas in this forum. I will make myself available to provide technical analysis at anybody's request (but limited to one stock per day, the stock will be determined based on the highest number of request)

Goodnight all.

benedictuyi:
Is it advisable to still hold on to $VERU or one should count his losses and move on?

oakPearl
posty56

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See the comment below. All of us just need to get a trading system/know something about how to read charts. Getting a trading system for about NGN3,000 will not kill us.

But, if we want to try youtube or ideas from other places, good luck.

See our comments below on VERU. Premarket the stock is up 0.34% as at time of this post.

We can be your mentor plus get all our daily stock picks/tips at a promotional price of NGN2k per Month instead of the regular price of NGN6K per month. For details send [b]US STOCK PICKS [/b]to whatsapp +2348023054935

EVERYBODY HAS AN AREA OF EXPERTISE- WE KNOW HOW TO DO STOCKS!!!
I am happy with our stock picks. Latter this week or any moment from now we will tell the market our stock pick for the week, plus update on our follow up on FPIs. We will use the system that produced Fidson to do the pick.

But if for any reason Mr. Labalaba does the job he is fairly good at (we all know his pastime, but I still like him), then we will get to know some few days after!!!

We can be your mentor plus get all our daily stock picks/tips at a promotional price of NGN2k per Month instead of the regular price of NGN6K per month. For details send STOCK PICKS to whatsapp +2348023054935

CAN MATHS BE RELIED UPON IN THE MARKET
Yes to some extent. We bought 2 stocks today. But for fear of the bears, deciding what to buy [b]among the oil stocks [/b]was a tug of war. Somehow, fundamentals of one of our choice was the final decider after we have used math to eliminate the others. And what was our fundamental, one have started selling products and the other is still at development stage.

We will give the name of the 1 stocks later today!!!

WHAT STOCK DID WE BUY TODAY
I always tell people that we need a trading system to survive in this market. It is possible for us to give you stock signals, but when it comes to the time to make the entry, it is our system that will guide finally as regards what to buy.

Today we bought GOTU. And since we are not paying commission, a gain of 10% (but stock like this, below $5 attracts $0.2 charge per unit) may be okay for us.

Another thing I like about Passfolio is the accurate calculation of your gains by the platform. Something funny happened to us last week, immediately we bought one of the products, about 1hr I saw 13% gain, I said this people have started like those platforms that display abnormal figures, I told myself that such type of gain is not possible (I told myself that the platform , will correct itself, I was thinking I have bought that item before and I added to it). It was the second day I then decided to check the history (this is a problem on other APPS, I believe we all know them) of my transactions very easy on Passfolio only for me to confirm that the plaform was right, unfortunately my 13% became 1%, no problem I sold and took my 1% in good faith as the position was threatened. The moral of this story is that Passfolio has a platform that you can rely on, the profit displayed is likely to be correct.

yok:
MARKET RECOVERED FROM HEAVY SELLING EARLIER IN THE DAY
Good to see market recovering, earlier things were scary.

What did we buy today? After close of market we will give update. At least, if we are sure of our system, we should buy first to show conviction.

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Yes we bought this based on[b] technical[/b]/fundamentals analysis.

WE HAVE SEEN THE REASON WHY OIL/OTHER ENERGY STOCKS ARE BACK IN GREEN- GERMANY LOOKING AT A RUSSIA OIL BAN?

But this news has already been on the table yesterday? Why were stock prices for oil sent lower earlier in the day? The market is not your friend!!! Whatever you can do to get good trade ideas, please do it.

Also, let us start diversifying our portfolios, if you are too heavy in the oil sector, please start taking some profits and look forward to diversifying to other industries. We know in a general bear market no where is safe, at least hat we can avoid, should be avoided.

Happy trading day to everybody.

MARKET RECOVERED FROM HEAVY SELLING EARLIER IN THE DAY
Good to see market recovering, earlier things were scary.

What did we buy today? After close of market we will give update. At least, if we are sure of our system, we should buy first to show conviction.

27 APRIL 2022- WHAT IS MARKET SAYING
Market likely to make some recoveries from the recent losing figures. Fear as indicated by VIX is slightly reduced.

Below are some figures from the early gainers. We can see some good stocks there. PAA is our stock for today (safe stock, plus dividend).

Wishing all the best.