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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11422900 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 5:24pm On Aug 26 |
Streetinvestor2:MBA forex scam lol. It wasn't just in ph. Imo Aba and some others hot burnt too |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:24pm On Aug 26 |
emmanuelewumi: Oooh that's how financial illiteracy dey disgrace people from 1900 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 5:50pm On Aug 26 |
megawealth01: You think he shouldn't buy on a pull back? Last time it pulled back it came right back up. |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 5:54pm On Aug 26 |
Mpeace:Yes bro.Na after the scam.The noise on forex trading come reduce. Na some of them come they play the game now with oando stock .They no get time to waste.They need the money sharp sharp. The new moniker on oando matter dey increase every day. |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 5:56pm On Aug 26 |
brotherly: I am referring to the fact that it was Atiku's comments that forced them to quickly come out and explain themselves to the public. That's what opposition is supposed to achieve. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 6:00pm On Aug 26 |
NPFMCRFBK declared Dividend..... Result submitted to NAICOM for approval before it can be filed with ÑGX.... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 6:10pm On Aug 26 |
megawealth01:Exactly! That's what used to happen..... Once there's pullback many people pick race and the "I told you so" will come and add to their fears and remind them how they'll wait for it at sub N10 😁 Stocks do pullback every now and then but with small profit taking, then analysis will start on how it's going back to base. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 6:27pm On Aug 26 |
Raider76: That's his choice to make... I'm only asking an harmless question |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:42pm On Aug 26 |
Streetinvestor2: Pyramiding works like hard drugs. You have a million borrow 2 million making 3 million. You turned the 3 million to 15 million. Then get another loan of 30 million making 45 million and then turn it to N100 million. You will not want to diversify at all, you will continue to borrow against your unrealized profits 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:47pm On Aug 26 |
Hope you also heard of Afroil Oil. A company in the petroleum marketing sector. Other stocks in the sector like Oando, Mobil, African Petroleum, MRS etc were over N100. Afroil was the only one selling for 50k, the stock later moved to over N8.00. Even though it could pay it's rent for about 3 years and no dividend for almost 10 years Insiders were surprised by the renewed interest in their company by the investing community and that gave them the opportunity to sell their shares which used to be highly illiquid 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:50pm On Aug 26 |
The retiree that sold his house at Ikeja to buy the private placement of Big Treat nko. That Chinese babe did strong things to Nigerians she made billions of naira from the offer. I learnt she was duped by her Nigerian boy friend and she decided to get back at us on a bigger scale 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:53pm On Aug 26 |
When we could not get opportunities in the stock market again, a lot of offers came up in the private placements. People were selling stocks to buy shares in different private offers. As we speak we still have about N100 billion trapped in different private offers almost 20 years when they got money from investors 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Bagwa: 6:55pm On Aug 26 |
2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:56pm On Aug 26 |
emmanuelewumi: But if dey rock Opebi Ikeja in the 90s, Big Treat snacks and confectioneries na the bomb |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 6:58pm On Aug 26 |
emmanuelewumi: Actually when I heard (need to verify this) that Japaulgold is yet to mine any gold the saga of Afroil came to mind. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 7:04pm On Aug 26 |
Raider76: Japaul was listed during that bullish euphoria of 3004 to 2007. At about N150 to $1 in 2006. Imagine was a debt of N100 billion in 2006 is equivalent to in 2024. I was lucky my broker did not approve the additional margin loan for me in 2005. If not I would have been roasted like many investors and traders who vowed not to come near the stock market again, after the market showed them street. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 7:10pm On Aug 26 |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 7:11pm On Aug 26 |
Zenith got to an All Time High of over N70 even though the total dividend paid was about N1.50k. UBA got to over N40 even though the dividend paid was less than 80k Wetin we smoke for that time that we never knew that those prices did not make sense 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ololufemi: 7:24pm On Aug 26 |
Locotrader: Loco Baba don show face o for forum o! Na so e suppose be. Christmas never reach yet Loco Baba don dey bring glad tidings to the forum. Baba, this your love, I just hope say no JIJO mode o because many never chop the kind of liver wey you dey chop, Baba. 😂 Wishing you a pleasant week ahead, Baba. More grease to your elbows. 😎 |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 7:27pm On Aug 26 |
emmanuelewumi: What an irony, during the euphoria Presco and Okomu sold for less than N10. The bull run only affected banking and insurance stocks. Unilever was around N8, bought some Lafarge for N9. 00 |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 7:34pm On Aug 26 |
emmanuelewumi: 💯 |
Re: Nigerian Stock Exchange Market Pick Alerts by ololufemi: 7:35pm On Aug 26 |
Choiceguy: I still wonder why people feel so comfortable attacking OGG when he shows his cards. They need to put some respect on the dude's name. If you go back to see his posts based on his recommendations, OGG don help many people with his sleek and articulated picks! Baba na real G! 😎 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 7:37pm On Aug 26 |
Raider76: JAPAUL |
Re: Nigerian Stock Exchange Market Pick Alerts by designking: 7:38pm On Aug 26 |
megawealth01: Why not, a pull back to ₦40 or ₦45 is a good point to reload. I currently have around 48,000 units. I want to make it 100k units if the market can pull back. ₦200 per share for Oando is sure provided Tinubu is president of Nigeria.
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Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 8:04pm On Aug 26 |
emmanuelewumi:That zenith matter pain me die.I had 20,000 units. It was suppose to be my first 1,400,000 hit in the stock market. In my very eyes the paper profit vanished .And naira lose value join. I remember a land I bought for 45k which I later sold for 600k.I regretted not selling zenith at #70 because of emotional attachments to expecially bank sock.i bought it at #10 .60 at po and gtb at 10.90. If I am not wrong 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 8:09pm On Aug 26 |
Streetinvestor2: You are correct with the IPO prices for Zenith and GTB. That was around 2003 |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 8:25pm On Aug 26 |
emmanuelewumi:ok then.I started this stock business 2000/2001 Then I dey go bring goods for baifra market for cotonou sell for uni and other hustle. The stock market was for savings and I was so emotional attached to the stocks I bought. Infact going to my stock broker to place buy mandate they give me special happiness .I denied myself of many things my friends saw as enjoyment though I could afford them than they did.That is why I am really planning to retire early make I flex before next of kin come flex pass me..lol 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Panadee: 8:35pm On Aug 26 |
Streetinvestor2: ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 8:44pm On Aug 26 |
Streetinvestor2: There is no better time to flex than now. Let me send two weapons of mass destruction to your doormoth😂 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ojesymsym: 8:45pm On Aug 26 |
I do not think it is financial illiteracy in this case, I want to believe it is overconfidence. Poor or abandoned risk management process. Believing you can recover from a loss and then get deeper and deeper into the loss. I recently watched Rogue Trader and then I now realized why they commit suicide after losing money especially when it is other people's money. megawealth01: |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 8:54pm On Aug 26 |
Agbalowomeri:I no get strength again for that kind wahala. And vigra dey cause blindness plus other things join...lol. |
Re: Nigerian Stock Exchange Market Pick Alerts by 9free(m): 9:49pm On Aug 26 |
Streetinvestor2:Hahaha. LWKMD
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