Locotrader:
Calm down let capital market prevail
https://nairametrics.com/2024/02/07/nigerian-treasury-bills-rate-jumps-to-19-per-annum-as-cbn-targets-exchange-rate-stability/

yMcy56:

Funds still entering the market despite the TB rate that many are shouting about.

DANGSUGAR for instance, if anyone follows the activities there yesterday, he'll notice that the more some investors probably in profit were selling, the more people were making use of the opportunity to buy.
- It went all the way to -10% at some point and quickly went back up to close @75+ again.
- Huge funds still entered GTCO, FBNH and some other stocks despite the sell off witnessed generally, and quite some stocks still gain at COB.
- Guess, this is the type of opportunity some bargainers mY have been waiting for.
- No one should see his/her own investment plan as the best at any given time.....if they go, they'll still rush back again.
- Each should follow what works best for him/herself.
- Anyone moving to TB, good luck to them. They shouldn't make those in the market look like they don't know what they're doing.

yMcy56:

Go and try Morgan Capital Securities Limited
Seems people have been complaining about Meritrade here.
Send me PM so I can give you someone's number who is knowledgeable in that area and can assist you.
You go treat am well after everything is sorted ooo, no be only thank you he go chop.

Streetinvestor2:
Make una no vex.how do you delete on this thread

Streetinvestor2:
Since this policy is targeted at inflation and naira stability. If it achieves the target as short-term measure. And other policies compliments it in the long run and we have improved economy. Then how is it a minus to the stock market or bring bearish influence to the market

I have been trying to wrap my head around this policy and bear to the market. Pls I need opinions to understand the relationship of the market and this short-term policy measure on the economy

On long time bond is a different ball game if the yield becomes very high

Mankind2024:

Absolute truth be told, Nigerians have the shortest memory in the World.
How come this man forgot the N23T printed and looted by Buhari and his cabinet?
The gangs of Lagos were not responsible for the current economic Calamity caused by years of corruption.
Tinubu is ruling a dead 🐎 🐴 horse nation.
I repeat, Obi or Atiku would have been worse than the incumbent.
Billions of dollars 💸 💵 💲 on prosecuting insurgents iand banditry in the North, secessionists in the East
Despite the obvious years of the caterpillars and canckerworms, people thought there would be no hunger in the Land that is being reformed.
Tell the Northerners the obvious truth "THEY ARE 95% RESPONSIBLE FOR THE CURRENT HUNGER IN THE LAND "
Tinubu is trying his best, Nigeria has been warned of the present situation more than 15 years ago, when the government was told on the need for economics diversification "
No single president hearken to the warning.
Today, people are politicising everything.
Wonder shall never end.
The Hausa-Fulani elites that fleeced, looted, and ruined Nigerian economy are the one writing letters and organising politically motivated HUNGER protests across the Country.
There was protest in all the nations that institutes reform.
It is not new.
More letters to come from the people that mopped Nigeria forex and dash same to Saudi Arabia and Jerusalem, all in the name of religious pilgrimage.
Vanity of vanities.
The reality is dawning on everyone.

Capitas7:
As the increasing rates on fixed income vehicles continue to pose a threat to the stock market, it occured to me that FGN bonds, T- bills, MMF are not a reasonable option to Nigerians whose primary transactions are in foreign currencies, and so their funds will either remain idle or in the market. This is not a dollar-naira e-argument. The massive brain drain in the last one or two decades has seen many Nigerians earning and spending in hard currencies. Yesterday's "leaders of tomorrow" - the present day youth - continue to japa, and the ones remaining continue to assess their financial worths in those currencies too. As long as quality education now requires gadgets, reagents for experiments, subscription to foreign learning contents, life will continue to become more expensive for the youth and children of today. What will be the cost of education, simple family-sized sedan, accommodation, etc. in three years time? Initiation of Nigerian youth in foreign lands into NGX should be on the rise, but the discouraging factors get stronger by the day.

If you are very comfortable and not bothered about the decaying state of Nigerian economy, please think about your children who are in the japa generation; think about what the value of the financial wealth you've amassed will be when they're in need of it. If you think your children would need to work hard to build their fortune from scratch, please remember the saying: there's no need to reinvent the wheel - don't set your lineage back on the path of wealth creation just because of old, rigid philosophies.

Someone once shared a post here saying many years of investing and hardwork were being eroded by instability of the currency value, and they were attacked for it. A true, sad and objective view not well-received. In the current state of things, 18% annual ROI sounds good only on paper, even if we disregard the tendency of defaulting in the near future.

Please pray for Nigeria today, everyday!

Streetinvestor2:
complete rubbish. Who brought the pmb government that printed the 23 trillion .what party is tinubu. I was not expecting equity because he didn't come with clean hand.why hasn't he gone after pmb and his gang of thieves that put the country In this mess.

Sorry to all for bringing politics here but sometimes you can't turn blind eyes when some want to play with your intelligence

yMcy56:

Funds still entering the market despite the TB rate that many are shouting about.

DANGSUGAR for instance, if anyone follows the activities there yesterday, he'll notice that the more some investors probably in profit were selling, the more people were making use of the opportunity to buy.
- It went all the way to -10% at some point and quickly went back up to close @75+ again.
- Huge funds still entered GTCO, FBNH and some other stocks despite the sell off witnessed generally, and quite some stocks still gain at COB.
- Guess, this is the type of opportunity some bargainers mY have been waiting for.
- No one should see his/her own investment plan as the best at any given time.....if they go, they'll still rush back again.
- Each should follow what works best for him/herself.
- Anyone moving to TB, good luck to them. They shouldn't make those in the market look like they don't know what they're doing.

KarlTom:
I believe that there is more than enough funds to service both the equity markets and the discount instruments market.

After all we have bids that are yet to be matched to offers and we have people with cash waiting for suitable offers

For a few, 18/19% p.a. seems too irresistible to be overlooked...

PETERiCHY:
FOOD 4 THOUGHT

Put a frog into a vessel fill with water and start heating the water.

As the temperature of the water begins to rise, the frog adjust its body temperature accordingly.

The frog keeps adjusting its body temperature with the increasing temperature of the water. Just when the water is about to reach boiling point, the frog cannot adjust anymore.

At this point the frog decides to jump out. The frog tries to jump but it is unable to do so because it has lost all its strength in adjusting with the rising water temperature.

Very soon the frog dies.
What killed the frog?
Think about it!
I know many of us will say the boiling water.

But the truth about what killed the frog was its own inability to decide when to jump out.

We all need to adjust with people & situations, but we need to be sure when we need to adjust & when we need to move on.

There are times when we need to face the situation and take appropriate actions.

If we allow people to exploit us physically, emotionally, financially, spiritually or mentally they will continue to do so.

Let us decide when to jump!
Let's jump while we still have the strength.

*ThE OcToPuS*

Streetinvestor2:
Oga I no enter oando like you who feels all your future is tied to oando and does not look front and back.That is why the only contribution you make here has to do with oando. No kill yourself if oando disappoints u.I said it very long ago here that the guys who went to court first are fake.And your likes brought out all kind of links to prove thr identity. Now your brains are resetting. being why should thr still be court case when they could sell higher and quietly leave..This same master at his first game.Use another group via court to make higher offer....It pays to be street credible

If this second group are real or serious. What they should be calling for now and putting all action in place, is to remove wale as ceo of oando. And you solve all problems with oando. Why hasn't nse suspended oando shares from trading for violations of its rules

Wale just pay me #20,lol

aj8:
For UBA, my eyes are glued to the circled support /resistance levels (refer to chart). If earnings/dividends are good, I expect it to resume the major channel . I feel it may move to a then b maybe c if the dividend is huge and then all the way down to e through d. Just a hypothesis. Of course, movement will not be in a straight line, expected to bounce off support and resistance on its way up or down. Buying at support and sell-off at resistance seems to be the norm for now.

mikeapollo:


It is very myopic and childish to use what you see on this platform to assess people's investment profile. How do you know someone's whole future it tied to one stocks, just because of discussion on a forum?.
Some of us have been trading and investing in the market for more than 20 years, and have witnessed and experienced several ups and downs. What you typed shows you lack maturity in the things of the stocks market!

Some real traders and investors don't even make comments on this platform. They only come online to read peoples' posts. Someone like me only make comments on Oando because it has been topical and controversial with new developments always evolving. I have been trading and investing for more than 20 years, but you would not see my posts here. And I have been on NL for long.
So open your sense and reason beyond what you read here on NL so you can be more circumspect and measured in what you type while hiding behind the facelessness of this platform.

Locotrader:


I don sell off my oando yesterday.
I don't want to talk about oando again.
Wale doesn't listen to technical, fundamental, sentimental analysis.People in oando will make some money but oando must be delisted.At what price is what I don't know.

Pls try to reunite with streetinvestor2.
He is my good friend just like chibuking whose child was kidnap sometime ago.

Zegra:

Where is Chibuking please ?

essentialone:
"Good morning house, I have not received any money from GSk. Is there any update?"

Locotrader:


I don sell off my oando yesterday.
I don't want to talk about oando again.
Wale doesn't listen to technical, fundamental, sentimental analysis.People in oando will make some money but oando must be delisted.At what price is what I don't know.

Pls try to reunite with streetinvestor2.
He is my good friend just like chibuking whose child was kidnap sometime ago.

Streetinvestor2:
I don't already program my mind before I enter oando as bet.The worst case I loose 5M or gain 8 M. But wale is bent on delisting. I won't lie to my self.
All I beg of him is to consider #20 as buy out price, lol.The only person that can stop wale is the president maybe for political reason.The opposition party may use it to paint his government bad since he has a link to wale..Oando is heading below #10 again because no positive news from its end......I remain street credible.

X21:
it is happening so fast

no single buyer for transcorp

Locotrader:


It wasn't easy for me to pull off yesterday.
After looking at right, left, front, back, up and down,I decided to back out of the contest and never in this life to talk or trade on oando.

I wish everyone in the boat success in all their endeavor including you my friend.

Locotrader:


It wasn't easy for me to pull off yesterday.
After looking at right, left, front, back, up and down,I decided to back out of the contest and never in this life to talk or trade on oando.

I wish everyone in the boat success in all their endeavor including you my friend.

kolaish:
lol @ the bolded. So loco could be afraid of some stock afterall.

But I know you very well, you will still jump at Oando if you see glaring opportunity to make money there.