I can imagine, me loose too that time sha ... But for our bros up there, The first thing that will come to mind will be revenge trading, but cooling off (Not vacation o, this weekend) will be necessary and prolly strategize on what next to do, it could be staying away from NSE, spot a better opportunity or enter tier 1.

mendes911:


That was a candid post sir. If he's as heavy as he said, he should take a vacation and go cool off. I have been there and I am saying what worked for me.

#OandoSaga...$1B.Loss.

Diamond Bank Records N11.6b Loss in 2017 Despite 3% Rise in Earnings
https://www.businesspost.ng/2018/05/11/diamond-bank-records-n11-6b-loss-in-2017-despite-3-rise-in-earnings/

After DBN went on full offer, somebody bought 600k units 20 seconds to close of trade. Chai. That's the mother of all itchy fingers.

Mpeace:
I DON DIE. OFF TO...

Despite all that has been said, Market has a voice of its own. Don't be surprised that Diamond may not even dropped more than your average buying price. So, I will advice you keep your eyes on it and sell before it goes down more than your average entry price.

fxuser:


d father shud hv sold d bank since, reminds me Oceanic .
family run banks sha

#smh

Learnt that the son is very extravagant.

Dwizeone:
I can imagine, me loose too that time sha ... But for our bros up there, The first thing that will come to mind will be revenge trading, but cooling off (Not vacation o, this weekend) will be necessary and prolly strategize on what next to do, it could be staying away from NSE, spot a better opportunity or enter tier 1.

Chief, na vacation oooo. Trying to sell from Monday and not able to comes with it's own added stress/BP. Make I keep quiet shaa.

I know jare, whatever feelers he got wasn't the right one

Mcy56:

LOL. He was warned severally here I believed. He could have somehow reduced his exposure then.

mendes911:

Well, goodbye to NSE till November. Diamond Bank is the last stock I was hoping to buy and "chop" once they surprise the market with a good result and I was watching/waiting closely with my bid ready. I can't recall how my times I had to refresh that NSE page.

Well, I hope members are not heavy here.

God saved you.

Remember if the result is good, you watch them surf. If it is bad, you watch them drown.

maishai:

to cap it bloody director are awarding contracts to themselves and their companies

This is conflict of interest ooo.

kolaish:
Despite all that has been said, Market has a voice of its own. Don't be surprised that Diamond may not even dropped more than your average buying price. So, I will advice you keep your eyes on it and sell before it goes down more than your average entry price.

Seriously? Have you gone through their Q1 result as well?

mendes911:


You really need to go on that vacation.

This weekend will be too long for some. They can't wait till Monday.

I truly pity them because this situation is terrible. Bad combo (FY and Q1)

RabbiDoracle:


God saved you.

Remember if the result is good, you watch them surf. If it is bad, you watch them drown.

Bros, my bid was lined up waiting for me to press "GO". I would have gotten some units if the result turned out fine. I dedicate time when I have such stocks in mind (either to sell or buy).

Make e first sell as early as possible, then wait, if he has a sentimental attachment to the bank, when there is a signal of price appreciation ( i don't know when that will be), the guy can uhmm re-enter. But na to cut loss now first

mendes911:


Chief, na vacation oooo. Trying to sell from Monday and not able to comes with it's own added stress/BP. Make I keep quiet shaa.

mendes911:

After DBN went on full offer, somebody bought 600k units 20 seconds to close of trade. Chai. That's the mother of all itchy fingers.

The dude must having been dreaming of DBN

mendes911:

Well, goodbye to NSE till November. Diamond Bank is the last stock I was hoping to buy and "chop" once they surprise the market with a good result and I was watching/waiting closely with my bid ready. I can't recall how my times I had to refresh that NSE page.

Well, I hope members are not heavy here.

Just Mpeace. But I truly feel for him.

E no go easy seeing yourself gain and afterwards you lose all and now threaten capital join.

Dwizeone:
I know jare, whatever feelers he got wasn't the right one

I'm learning to listen to the voice of the elders.
We need to be watchful of those delay in filing/delay in results the more now. Most times, it's not always favourable.

That was the idea from get go, the loss report was already known, the plan was to use Q1 to assuage investors

RabbiDoracle:


This weekend will be too long for some. They can't wait till Monday.

I truly pity them because this situation is terrible. Bad combo (FY and Q1)

mendes911:


That was a candid post sir. If he's as heavy as he said, he should take a vacation and go cool off. I have been there and I am saying what worked for me.

#OandoSaga...$1B.Loss.

He shouldn't go on vacation till he sells everything off.

If Q1 is like this, my dear, Q2 will be something else.

What really went wrong.

I go study yhe report this night

RabbiDoracle:


Just Mpeace. But I truly feel for him.

E no go easy seeing yourself gain and afterwards you lose all and now threaten capital join.

But how can you buy a stock that's not very fundamentally strong at N1 and instead of selling, keeps buying more at N2 and N3.

No be every time we go dey accuse village people and wicked uncles oooo. Sometimes na we just take our hand fall mugu yakata.

locodemy:


chai.Na people money you dey abuse o.

When Fidelity declared 11k out of 65k, I knew something was about to happen.

I just quickly enter Tier 1 for safety. I no wan hear tori.

You don see person we get first class we dey hide him result, na when you graduate with pass you go turn to philosopher.

Mcy56:

I'm learning to listen to the voice of the elders.
We need to be watchful of those delay in filing/delay in results the more now. Most times, it's not always favourable.

Dwizeone:
You don see person we get first class we dey hide him result, na when you graduate with pass you go turn to philosopher.

Dwizeone:
The guy is heavy in diamond though and he could have cashed out, but then this experience is one you wouldn't want to have

My dear, no one likes such experience. Always terrible.

If he is like me that likes concentrating my funds in a stock for maximum gain, if it goes to loss, na die be that ooo.

Take heart brothers.

mendes911:


Seriously? Have you gone through their Q1 result as well?

Leave matter for mathias. Which result did skye bank has that it is still trading at 94k. Is Diamond result worse than the yet to be seen result that CBN is hiding for Skye bank.

kolaish:
Despite all that has been said, Market has a voice of its own. Don't be surprised that Diamond may not even dropped more than your average buying price. So, I will advice you keep your eyes on it and sell before it goes down more than your average entry price.

My dear , anyone that buys on Monday will be buying from the big volume guys. After this results na till August 2018 ooo. That is when Q2 will start pouring out.

But then if it's concentrated in a stock, when news or funny events unfold, you wouldn't rest on your oars except you are the owner of the company or you know what others don't know.

RabbiDoracle:


My dear, no one likes such experience. Always terrible.

If he is like me that likes concentrating my funds in a stock for maximum gain, if it goes to loss, na die be that ooo.

Take heart brothers.

kolaish:
Leave matter for mathias. Which result did skye bank has that it is still trading at 94k. Is Diamond result worse than the yet to be seen result that CBN is hiding for Skye bank.

Assumptions they say is the mother of all screw ups! There's a difference between assumption and reality. Why did traders rush in to sell at N1.90 today? Because it became clear that DBN's result is out and bad. No more assumptions/hope that the result will be fine.

Skye Bank still has no result and can trade at whatever price. Also, you should have noticed that Skye Bank has been under manipulation since January. If you follow closely, you would have seen it.

That said, the only thing that can save DBN is if they quickly engage an MM for price stability. Else, forget it.

Dwizeone:
That was the idea from get go, the loss report was already known, the plan was to use Q1 to assuage investors

But was Q1 any better?

From N4b PAT to less than N1b. Over 75% drop.

They need to tell shareholders what happened. They must have taken a very risky bet that went wrong.

Fidelity should also do some explanations. There is more they are yet to say in their FY 2017

mendes911:


But how can you buy a stock that's not very fundamentally strong at N1 and instead of selling, keeps buying more at N2 and N3.

No be every time we go dey accuse village people and wicked uncles oooo. Sometimes na we just take our hand fall mugu yakata.

Agba is here too.

I think his(Agba) case was a JIJO that went wrong.

RabbiDoracle:


Agba is here too.

I think his(Agba) case was a JIJO that went wrong.

Nope, Agba is already out. He sold way earlier.

But money will be made on this stock though. A reversal will give a sharp 40%.

It was not, but FY17 was too bad and they needed to resort to profit reportage for Q1 at the very least to save face.

RabbiDoracle:


But was Q1 any better?

From N4b PAT to less than N1b. Over 75% drop.

They need to tell shareholders what happened. They must have taken a very risky bet that went wrong.

Fidelity should also do some explanations. There is more they are yet to say in their FY 2017

kolaish:
Leave matter for mathias. Which result did skye bank has that it is still trading at 94k. Is Diamond result worse than the yet to be seen result that CBN is hiding for Skye bank.

You see a big man going to throw potopoto with Elede(pig). All eyes will be on the big man as to why he had to go so low and not on the Elede.

Elede know his house!!! Diamond na big man (used to be)