Born2berich:
From my little observation today, i believe that some people are deliberately manipulating the prices of the stocks to head southward. Not too long ago UBA was about to be on full bid with only one offer but all of a sudden, someone comes and crashes the price.

Cowboyism at work? Lets see.

that is why no body should be in a rush to buy...

just put your price limit and be patient...

still waiting for my Custody at N3 and FBHN at N8

Born2berich:
From my little observation today, i believe that some people are deliberately manipulating the prices of the stocks to head southward. Not too long ago UBA was about to be on full bid with only one offer but all of a sudden, someone comes and crashes the price.

Cowboyism at work? Lets see.

Noticed that almost the same thing happened with FBNH, some keeps crashing the price..Hmmmm

#NSEMagomago

natruetalk:


bro i think not everything we are seeing on the itrade.

I believe itrade should be a direct feed from the NSE.

feelamong:


that is why no body should be in a rush to buy...

just put your price limit and be patient...

still waiting for my Custody at N3 and FBHN at N8

Custodian dey very stubborn.

Oand and Transcorp price manipulations ongoing, NSE- i hail theeeeee

Born2berich:


I believe itrade should be a direct feed from the NSE.

It is. If you put in a bid via Meritrade, it reflects on Morgan's iTrade.

Aks:
Oand and Transcorp price manipulations ongoing, NSE- i hail theeeeee

Sir, what would u say about Ikeja Hotel? This is stock market where u have to stay in the kitchen if one really wants to stand the heat.

Aks:
Oand and Transcorp price manipulations ongoing, NSE- i hail theeeeee

It's not manipulation. Its called bargaining. I changed my price almost 5 times just to enter oando.

feelamong:


that is why no body should be in a rush to buy...

just put your price limit and be patient...

still waiting for my Custody at N3 and FBHN at N8

Sir ,If FBNH shlould get to N8 , then Access bank should be around N5 or --- just my thot

Aks:
Oand and Transcorp price manipulations ongoing, NSE- i hail theeeeee

Na only God go save us. This is why some buy for long term and go to sleep. Following this NSE market everyday fit cause small madness for person and person no go quick notice am.

Elai147:


Na only God go save us. This is why some buy for long term and go to sleep. Following this NSE market everyday fit cause small madness for person and person no go quick notice am.

Oando

This thing is basic demand and supply. It could be that people are anxious of a rally next week and mopping up value stocks against next week hance the late day rally. Its not enough to just sit in the corner and wait for oando to fall to 17 naira or transcorp to fall to 3.1, and when it doesn't, you say there is manipulation. If u wan enter enter. If not sit down quietly.

The Great Decoupling.

duni04:
This thing is basic demand and supply. It could be that people are anxious of a rally next week and mopping up value stocks against next week hance the late day rally. Its not enough to just sit in the corner and wait for oando to fall to 17 naira or transcorp to fall to 3.1, and when it doesn't, you say there is manipulation. If u wan enter enter. If not sit down quietly.

I still disagree with you. Yes, the NSE is driven by demand and supply but that doesnt stop the price from being manipulated.

I stated it some minutes ago when i noticed some price manipulations in UBA.

Definitely somebody wanted to peg the price at a cheaper amount to enable him buy.

UBA was almost on full bid, then all of a sudden someone crashes the price then they quickly mop it all up. Same that happened in FBHN plc. Oando and Transcorp where lossing heavily and all of a sudden things changed (WHen 1459 has almost reached a sudden reversal happens and everything is being mopped up.)

The only thing i can conclude for all the people doing JIJO is that no one can time the market.

is it now that u guys r noticing that nse stock prices r bin manipulated by some people tru those on the floor to suite themselves? u guys ought to have known better. havent u noticed that in some cases, a stock might just be on full bid now and b/4 u know it, 4 no reason it enters full offer. this is what u get wen a country is neck deep in corruption. every thing goes sour!

Born2berich:


I still disagree with you.

I stated it some minutes ago when i noticed some price manipulations in UBA.

Definitely somebody wanted to peg the price at a cheaper amount to enable him buy.

UBA was almost on full bid, then all of a sudden someone crashes the price then they quickly mop it all up. Same that happened in FBHN plc. Oando and Transcorp where lossing heavily and all of a sudden things changed (WHen 1459 has almost reached a sudden reversal happens and everything is being mopped up.)

The only thing i can conclude for all the people doing JIJO is that no one can time the market.

Maybe you think its only people on NSEMPA that trade shares. I know it can be very annoying but the reality is not everybody has access to live feeds. Someone on another platform for instance may see a price at N2 at 12pm, not knowing that plenty of bargains would have been made between 12pm and 1pm, and then place an order at a ridiculous price by 1pm. There are plenty of other reasons for crazy prices apart from manipulation. I'm not saying manipulations don't happen, I don't even know. But this is my own theory of how crazy prices come up.

When the directors of Nigerian companies decide that sitting in on board meetings constitutes the definition of a boring activity and they decide that it's much more fun to play JIJO with their stock holdings, who is to blame please?

Allow them have some fun please. I understand that the NSE game annoys peeps, just like the casino-approximation of the Nigerian Stock Exchange annoys Emma Ewumi.

We live in exciting times.

stokfrick:
is it now that u guys r noticing that nse stock prices r bin manipulated by some people tru those on the floor to suite themselves? u guys ought to have known better. havent u noticed that in some cases, a stock might just be on full bid now and b/4 u know it, 4 no reason it enters full offer. this is what u get wen a country is neck deep in corruption. every thing goes sour!

Sir, well said. Tell me which countries or continent in the world that doesn't practice or engaged in the bolded? Am not trying to encourage such but believe me it happened in Europe, America, Asia, etc. So just play your own card right. That is why it is called stock market...!

Dexterax:
When the directors of Nigerian companies decide that sitting in on board meetings constitutes the definition of a boring activity and they decide that it's much more fun to play JIJO with their stock holdings, who is to blame please?

Allow them have some fun please. I understand that the NSE game annoys peeps, just like the casino approximation of the Nigerian Stock Exchange annoys Emma Ewumi.

We live in exciting times.

It's the Great Decoupling and it has entered full bid too.

Just wait till all brokerages start running live-feed software clients like Morgan. We're just scratching the surface for now.

21 November 2014
OANDO PLC ANNOUNCES ITS RIGHTS ISSUE
Oando Plc has notified The Exchange of its Rights Issue on the basis of 1
new share for every 4 ordinary shares held as at 25 July 2014.
The offer opens on Monday, 24 November 2014 and closes 19 December
2014.

Please verify it before acting on the information above. Good luck

21 November 2014
OANDO PLC ANNOUNCES ITS RIGHTS ISSUE
Oando Plc has notified The Exchange of its Rights Issue on the basis of 1
new share for every 4 ordinary shares held as at 25 July 2014.
The offer opens on Monday, 24 November 2014 and closes 19 December
2014.


Plz verify it before acting on such information.

duni04:

Maybe you think its only people on NSEMPA that trade shares. I know it can be very annoying but the reality is not everybody has access to live feeds. Someone on another platform for instance may see a price at N2 at 12pm, not knowing that plenty of bargains would have been made between 12pm and 1pm, and then place an order at a ridiculous price by 1pm. There are plenty of other reasons for crazy prices apart from manipulation. I'm not saying manipulations don't happen, I don't even know. But this is my own theory of how crazy prices come up.

Why would i think that it is only people on NSEMPA that trade share.

However, If thats is the case, explain what happened when for example, a bidder is ready to buy a stock @N5 then someone who wants to sell instead of accepting the bid decides to sell his own share at N4.6? Why sell lower than the bid price offer that is waiting to be sold to? Then towards the end of the trading session it suddenly just rallies and evrything shoots upwards.

myjoy08:



Sir, well said. Tell me which countries or continent in the world that doesn't practice or engaged in the bolded? Am not trying to encourage such but believe me it happened in Europe, America, Asia, etc. So just play your own card right. That is why it is called stock market...!

Exactly...Several exchanges practice manipulation of their share price.

Dexterax:
When the directors of Nigerian companies decide that sitting in on board meetings constitutes the definition of a boring activity and they decide that it's much more fun to play JIJO with their stock holdings, who is to blame please?

Allow them have some fun please. I understand that the NSE game annoys peeps, just like the casino-approximation of the Nigerian Stock Exchange annoys Emma Ewumi.

We live in exciting times.

True, although it is baffling, it still remains exciting

myjoy08:
21 November 2014
OANDO PLC ANNOUNCES ITS RIGHTS ISSUE
Oando Plc has notified The Exchange of its Rights Issue on the basis of 1
new share for every 4 ordinary shares held as at 25 July 2014.
The offer opens on Monday, 24 November 2014 and closes 19 December
2014.

Please verify it before acting on the information above. Good luck

Very funny.

myjoy08:
21 November 2014
OANDO PLC ANNOUNCES ITS RIGHTS ISSUE
Oando Plc has notified The Exchange of its Rights Issue on the basis of 1
new share for every 4 ordinary shares held as at 25 July 2014.
The offer opens on Monday, 24 November 2014 and closes 19 December
2014.


Plz verify it before acting on such information.

how much per share?

feelamong:


how much per share?

Sir, not sure the exact price...within the range of N22- N25. or might be lesser than projected price.

Dexterax:


Very funny.

hahahaha very funny indeed. monkey things

For the umpteenth time, being a prophet or pessimist is not the evil itself, the evil is expressing probabilities with a high level of certainty and confidence. Whoever does that is not only evil, but also grossly ignorant.

Whether you read 10 newspapers in a day or you work close to Oscar Onyeama, that should not give you the audacity to propound panic or recruit monkeys...even if you think you're helping your BnSitl. Pray, if anyone needs some acid to "shut their mouth", they really need to be pitied!

@PW and Oga kotlass: your comments show you have good understanding. Kudos.

myjoy08:
21 November 2014
OANDO PLC ANNOUNCES ITS RIGHTS ISSUE
Oando Plc has notified The Exchange of its Rights Issue on the basis of 1
new share for every 4 ordinary shares held as at 25 July 2014.
The offer opens on Monday, 24 November 2014 and closes 19 December
2014.


Plz verify it before acting on such information.

Myjoy, was it not in your post few weeks ago where you boldly asserted that OANDO has no plan for right issue in the near future? Are you really an insider or there are meetings you don't attend?? There is God ooooo!

Born2berich:


Why would i think that it is only people on NSEMPA that trade share.

However, If thats is the case, explain what happened when for example, a bidder is ready to buy a stock @N5 then someone who wants to sell instead of accepting the bid decides to sell his own share at N4.6? Why sell lower than the bid price offer that is waiting to be sold to? Then towards the end of the trading session it suddenly just rallies and evrything shoots upwards.

Bro everyones objective is ultimately to make money. It may be true that people with heavy wallets deliberately up the bid prices with tashere change just so they can sell millions or bilions, and the other way round with offer prices. If I had thet kind of money me sef go do am. As long as its not illegal.