₦airaland Forum

Youngzedd:
Something came up. Saw other better opportunity.

I observed that stock, if it couldn't pass 0.73 today, then on Monday and Tuesday it will go below 0.70

I don't know if peptola understands that most people here are on the itrading engine.
We monitor our trades as they monitor the BP of patients in intensive care unit,
and somersault with the market as situation warrants.
As you read this, I can't tell you if I'm still with my own fcmb or not.
Leave that for the CSCS to worry about.
Afterall, a new info came out after I had bought it, the conference call report.
Suffice to say, as I mentioned earlier, we somersault with the market as situation arises.
Now, regarding transaction charges, one of my trading credos is this...
"Better to feed the broker,
Than to be fed to the bear."

By the way youngzedd, you no dey inject new money when new opportunity come up?
Na to go sell old one, even the one wey you just buy ystday?

Elai147:

me na only when closure of register catch me unawares.....

Elai147:
If you buy a stock based on dividend don't forget to keep track of your gains in terms of capital appreciation, and compare it to the amount you would get in dividend if you were to wait till the qualification date. If the dividend is yet to be declared use a projected dividend to make your calculation. If your current capital gain is significantly higher than your projected dividend amount you should know what to do. Also consider the expected drop in price on the ex-dividend date when the company is expected to decrease its market cap by the declared dividend. A lot of traders make money during earning season not from dividends but from capital appreciation realised when dividend is declared.

Now you wan spoil show by teaching everybody this trick.
When everybody begin practice am how market go be?
Leave the bleeding heart dividend investors to wait for their warrants abeg.
Your reward is in heaven.

DeRuggedProf:
I am still laughing over this.. . Una go kill person here fa....

Prof, nsempa na both business and entertainment.

peptola:
Play along with them and sell to who? That is not investing my friend it is manipulation and legal fraud!

******If you are buying FCMB you are not investing you are simply guessing and hoping********

Exactly what you whispered to yourself, no doubt, when you saw people buying tigerbrands at 0.98.
Don't be too irate over the fcmb matter. Everybody here is not into orthodox, conservative investing.
Some of us here, playing with our own money, are hard-nosed speculators, willing to take calculated risks for the chance of higher returns.
Speculators have their place in the stock market .
So since the profit warning, I entered fcmb for the first time today at 0.68, willing to escort it down to the the car park if that be its destination.
May not make sense to you because of your own orientation, but may make sense to another.
Everybody does not need to operate by the same investment strategies and objective.
That kola nut is bitter in your mouth does not mean there are not people who value it.

Youngzedd:
If you have idle money, purchase more than 1M units of fcmb and leave it for your grandchildren.

You won't have to leave it for your grandchildren, unless they are mature enough to take it over in a few weeks time.
The problem of this stock as far as I know is the profit warning which is hanging over it like a dark cloud.
When the expected bad full year result is released, and the market is done spanking it for one or two more days, it will commence a fast recovery back to N1 or above, unless the general market condition has by then so deteriorated that its peers like fidelity and diamond have themselves descended below N1.
Before release of full year result there is no sustainable rebound.
It may even touch the car park if the result tarries, but will never stay there as long as fcmb remains a going concern.

Godisfaithful:
Close @0.73

God is faithful.
The 'mugu' outfoxed the 'fool', at least for today.

I left the market feeling sorry for the 'fool' that sold his fcmb to me at 0.68,
only to see a man shouting on the phone along the Mariner that he was able to dump his fcmb on one 'mugu' at 0.68.

bigass:
Why are people dumping FCMB shares

Because the market is a place of overreaction.
The same people that scrambled to exit tigerbrands at 0.98 are right now queuing for it at 1.81.

Where people wey say they no dey buy loss making stocks?
Now who go even show you tigerbrands to buy?

DeRuggedProf:
Did you take a bet? He who needs beef must accomodate blood!

This is a hard saying.
We always want stocks to turn green immediately we take position.
As if we are the masters of the universe.
There are rarely gains without pains

Manonamission:
The purpose of the AGM is to deliberate on the year activities, results and other matters that may arise. The "A" stands for ANNUAL. Where a matter is to be considered urgently that it can not wait till the AGM, an EGM (E for extraordinary) is convened.

You're an industry insider no doubt.
These titbit lessons are highly welcome.

mercylicious:
i dont understand u. please replace the bolded with masculine.
or do u mean famine?

haha... all Nigeria's problems are feminine.
sisters have mercy.....

stokfrick:
Is he saying tier 2 banks like diamond and fidelity are safer?

Not at all...he's implying that those ones are not even worth the effort
to look into their messy stuations, sorry.

austinkenneth:
Not always market makers. I bought within that time frame, simply because it was just before then that my account with my broker was credited.

Your money arrived at the right time. Fcmb at that price is a golden buy.
If if goes down further buy more. Due diligence not needed.
You will reap when mr market is done with the shenanigans that will follow it's full year result which is around the corner.

ufotty2001:
whn there is over demand what happen to.price?

I pray for the over demand in all my stocks,
then we see what happens to price

chukyjones:
this NSE ehh, just took out time to monitor FCMB on i-trade btw 2:20 and 2:29pm and just saw the actual effect of market makers; from full offer of 0.76 (@ 2:26pm) to full Bid of 0.82 (@2:29pm)

Where were the market makers when the stock sank to this nadir in the first place?
I think it's bargain hunters showing interest in the over punished baby.

ifeykay:
Sorry Bros wrong file was attached.

Nothing spoil. We hope it starts this way tomorrow morning.

ifeykay:
FBNH now on full bid.... Contrarian..Contrarian ....Contrarian
This time difference is really not helping some of us when good deals shows up at the beginning of the market.

you dey report full bid dey show us oversupply.
Abeg modify dat thing away.

zendi:
One thing with the elephant, peharps because of its size and weight,
once it's wounded, it takes v long to recover, weighing down the sector,
and by contagion the entire market.

Elephant don vex jump to its feet.
The glut don dry up.

One thing with the elephant, peharps because of its size and weight,
once it's wounded, it takes v long to recover, weighing down the sector,
and by contagion the entire market.

Youngzedd:
Will transcorp hit below 1 Naira again


I missed the opportunity

Most likely. History repeats itself, especially NSE price history.

I pray that this ill wind of profit warnings should steer clear of Zenith and GTB
to not crash this market altogether.
I'm also fairly hopeful of UBA because of the contributions of their many African branches,
many in countries not dependent on crude oil for their economies.

Fcmb has come to make somebody rich.
But its full year result is like a forewarned evil wind that must blow past b4 it rockets up above 1.

Fbnh on net offer now.
Pls somebody alert me when the glut starts to dry up.
It is then I might jump into the bank stock I'm targeting.

newdada:
If Fbnh's bear is occasioned by the management's profit warning, how will one account for the bear on zenith, GTB, UBA?

Skye is finally going below N1.

Bandwagon effect ! Simpathy bear, or solidarity bear if you like.
What affects First Bank infects all in the Banking sector from the days of Soludo.

ufotty2001:
Wish to inform the house that am out from NSE(trading) to return back by MAY 2016!! I wish everyone the best of luck as the lord God will continue to give us wisdom to buy and sell @ the right shares @ the right price and @ d right time.. Also, want to use this golden opportunity to appreciate those that encourage me in one way or the other and gave me the right tips and picks on investment nevertheless I will never forget stockbull, zedd, zendi, mercylicious, megainvest, chibuking81, teeboy95, 735i, born2berich1, coolcash1, ihedioramma, feelamong, lancee, currentprice, mfunkynation, fxuser, jamece, cadno and alot who directly or indirectly offer investment advice to me. I believe by MAY 2016 when I will return back a lot of u would have make 1000%.. God bless u all as we continue to succeed today and forever! Amen..

At school, at work, in whatever area of activity, it's beneficial to take a break once in a while.
But out of trading needs not be out of nsempa. You are among those who have kept the house lively.
Do continue to chip in constructively even if you are enjoying your loot at a South of France vacation.
Secondly, in the NSE, 'impossibles' continue to prove nothings.
Megainvest and other lucky bnsITL are still celebrating wildly their mega seplat loot.
So, personally, I have taken your 1000% wish to heart with a loud Amen.
And if you yourself become tempted at any point to prematurely terminate this your trading leave,
feel absolutely free to announce so.
However, no matter how hooked on it are some of us, stock trading is not the only route to the promised land.
So in whatever other efforts you have decided to focus on during this period, supernatural success be yours.

Godisfaithful:
Zenith, GTbank, Access, DangCem, UBCap results about to hit the market. Trade with caution and goodluck to everyone

Yes, results season is here. Let's be at alert.
The above mentioned, including Uba, fidelity etcc, may yet confound the doom pundits..
Financial services companies always manage to find a way to make money.

Intendy:
A TOTAL OF 3,283,277,052 UNITS OF TIGER BRANDED CONSUMER GOODS PLC WERE DONE TODAY AT N1.24 IN ONE DEAL. THE DEAL WAS A NEGOTIATED CROSS DEAL(BLOCK DIVESTMENT) BY VETIVA CAPITAL MANAGEMENT LTD AS BOTH SELLER AND BUYER.

A South African pessimist selling to a Nigerian optimist.
Locodemy na you dey accumulate 'tigerhead' ?

megainvest:
RED ALERT:

http://www.premiumtimesng.com/news/headlines/198635-exclusive-nigerias-economic-woes-worsen-major-trouble-hit-forcados-oil-lifting-suspended.html

I have to join PETERiCHY to advise everyone to be cautious this week. The bears may come knocking hard because this is a very serious blow to the Nigerian economy.

And you might want to dump your remaining seplat sharply
b4 the news spreads, if you read the story through.

willyede:
Guys what do you think with this news and the way forward for Tigerbrands ''TIGERBRANDS Appoints Ms Halima Dangote as an Executive Director''

I dont know your source, but this is 'one' news that speaks for its self.