Dragonking:


bros, you be real monkey hunter how come you didnt help us with your picks since during the bearish period.

i did bro it was trading at 9.40 then

Anyone with me on AIICO? closed @1.14 today, marching on to 100%

GOOD AFTERNOON ALL
PLS I NEED SOME ONE TO HELP ME.
SWPLAT CLOSED YESTERDAY AT 404.25 ON FULL BID AND TODAY IT OPENED AT 385..WHAT HAPPENED
PLS I NEED CLARIFICATION.
THANKS

bigjay01:
Anyone with me on AIICO? closed @1.14 today, marching on to 100%

i have phobia for insurance cos they dealt with me and they are not easy to offload, BUYERS BEWARE

GudluckIBB:
GOOD AFTERNOON ALL
PLS I NEED SOME ONE TO HELP ME.
SWPLAT CLOSED YESTERDAY AT 404.25 ON FULL BID AND TODAY IT OPENED AT 385..WHAT HAPPENED
PLS I NEED CLARIFICATION.
THANKS

BECAUSE SOME BUYERS SOLD BELOW 404.25 MAYBE AT 385 TODAY

Michael11stock:
BECAUSE SOME BUYERS SOLD BELOW 404.25 MAYBE AT 385 TODAY

THANK YOU

Michael11stock:
i have phobia for insurance cos they dealt with me and they are not easy to offload, BUYERS BEWARE

Still carrying the likes of Lasaco, Staco, Mbenefit, Lawunion, Unic from the madness and naivety of 2007.

Lately have mainly focused my insurance play on AIICO & NEM only

bigjay01:


Still carrying the likes of Lasaco, Staco, Mbenefit, Lawunion, Unic from the madness and naivety of 2007.

Lately have mainly focused my insurance play on AIICO & NEM only

OYO NI OWA SHE OBOMI

My observation is that some of us like cheap things a lot. Stock A is cheaper than stock B does not mean you should always choose stock A over stock B. If there is a confirmed news that the bulls will soon visit the banking sector, you will see short term traders rushing to get FBNH (wey dey waka like millipede) because of its price. All things being equal, GTB and Zenith (esp. GTB) will always outperform others in the sector in terms of capital appreciation and otherwise.

Another thing is that most of us like to buy low (as in VERY LOW) and sell high. If this is your strategy, you will most probably enter trades at wrong enteries (buying at resistant, consolidation zone, etc). To some of us, it doesn't make sense to allow a stock rise to a certain price before buying. This set of people will never use a buy stop-order (an order to buy above current market price). If you want to JIJO, the best time to buy is not always at the lowest entry but at the right entry price. This way, your capital will not be tied down in a particular trade for too long.

My advise to those who are in the market for JIJO things is to go and study technical analysis so you can know when to enter and exit a trade. Stop depending on NSEMPA for stock picks as 99% of the picks only tell you when to enter a trade but fail to tell you when to exit. This is because the people giving you these stock picks can't tell you exactly when you should exit your position because they are not Nostradamus. They also want to be careful not to make you exit the trade prematurely or exit too late. Most probably, they will know when it is time to exit their own trades because they know their technical and fundamental analyses and when they do, they will not remember you. Sometimes, it is possible to use fundamental and technical analyses to calculate your exit point but this is not always the case. So it is important to learn how to do these things yourself and limit your dependency. You don't need to be a professional trader to be successful in JIJO but you need to know what you are doing. You can't ask for when to enter a trade and not know when to exit that trade.

Take up the challenge, make use of google and youtube, read investment books and become the CEO of your portfolio. This is exactly how our ogas here started- they were once newbies and some were even worse than you are right now. It is better to know how to fish than ask for fish all the time but this does not mean we should not ask questions when we need advice or opinions of others.

Abeg una no vex for the lengthy post.

@Elai147
Many thanks for the above. TA and some Fundamental Analysis ultimately will explain why a stock like Nestle is priced that high. ROE of >60 will always be attractive to Foreign investors and institutional funds who have set investment criteria and dont base their investment decisions on anonymous stock picks. In this game it is always a good idea to follow the big money.

GudluckIBB:
GOOD AFTERNOON ALL
PLS I NEED SOME ONE TO HELP ME.
SWPLAT CLOSED YESTERDAY AT 404.25 ON FULL BID AND TODAY IT OPENED AT 385..WHAT HAPPENED
PLS I NEED CLARIFICATION.
THANKS

Because there is no price tag on it. That a stock closed at a certain price today is no guarantee it will open at or higher than that price tomorrow. Most times, it depends on the bid and ask prices. If the stock closed at N5 yesterday and the best bid on the stock at the open of market today is N4.50 while the best offer price is N4.50, the stock will simply open lower than its previous day's close of N5. There are also after market hours trades entered by investors and these orders will queue up until the market opens the next day and may decide the opening price.

Some people may also manipulate the opening and closing price for whatever reason. They put in bids and offers using separate computers and trading accounts.

Pls, let us stop disclosing the actual amount we gained, better, we can use % to indicate such. Likewise, the actual amount of shares bought or sold. Note that, some are buying millions of units here and will never disclose the actual amount. This is to encourage some little and new investors in the market. Thanks.

My ogas, I have 800k. Which stock will you guys advice I buy?

[quote author=inviix post=32798160]My ogas, I have 800k. Which stock will you guys advice I buy?[fbn,afribrud,transcorp ]

[quote author=EGUNSOLA14 post=32799535][/quote]

Thanks my oga. Fbnh looks good. What about Oando?

passwelle:
@Elai147
Many thanks for the above. TA and some Fundamental Analysis ultimately will explain why a stock like Nestle is priced that high. ROE of >60 will always be attractive to Foreign investors and institutional funds who have set investment criteria and dont base their investment decisions on anonymous stock picks. In this game it is always a good idea to follow the big money.

like dangote cement?

Yem0350:
Pls, let us stop disclosing the actual amount we gained, better, we can use % to indicate such. Likewise, the actual amount of shares bought or sold. Note that, some are buying millions of units here and will never disclose the actual amount. This is to encourage some little and new investors in the market. Thanks.

Unfortunately, this is a faceless forum with different personalities. It may sound a bit Puritan trying to force virtue out of every moniker.

I once posited a way out for newbies ( intermediatebies and oldbies ) : Be careful of what you believe in a faceless forum. Though it may appear that no one will gain anything by claiming false profits or investments, but you may never know.

To thine own self be true. Refuse to be intimidated by whatsoever portfolio size you see here. All fingers are not equal. (In African China's voice)

passwelle:
@Elai147
Many thanks for the above. TA and some Fundamental Analysis ultimately will explain why a stock like Nestle is priced that high. ROE of >60 will always be attractive to Foreign investors and institutional funds who have set investment criteria and dont base their investment decisions on anonymous stock picks. In this game it is always a good idea to follow the big money.

Absolutely! Your last line mirrors a quote I often repeat in my early days on this thread: The easiest way of making money in the stock market is to follow the big boys.

Big boys: Big volumes and trades (liquidity), Market Capitalization, Sound Fundamentals, Institutional Investors. If you chase these, "you shall never walk alone" !

soloniger:
like dangote cement?

Yes Sir. Like The Sage posited above, if it is good enough for the Investment Corporation of Dubai to stake $300m for 1.4% and for the South African Public Investment Corporation to own 1.5%, while Blakeney Management also own about 1% of Dangcem as at the 15th of Feb, it is good enough for me.

Moneysage:


Unfortunately, this is a faceless forum with different personalities. It may sound a bit Puritan trying to force virtue out of every moniker.

I once posited a way out for newbies ( intermediatebies and oldbies ) : Be careful of what you believe in a faceless forum. Though it may appear that no one will gain anything by claiming false profits or investments, but you may never know.

To thine own self be true. Refuse to be intimidated by whatsoever portfolio size you see here. All fingers are not equal. (In African China's voice)

@Boss Elai147:

Your post has shown how passionate you are about newbies. But if juxtaposed with @mercylicious recent posts and my response when she called for advise to newbies, it would appear that no one can fully advise another regarding stock trading.

One line in your post sums up this truth: "So it is important to learn how to do these things yourself and limit your
dependency."

In the same vein, I do not think this thread was created for people to seek advice (as you mentioned in your last paragraph). Yes, people can ask for opinions of other investors. But anyone who needs advice or who be like "I have 500K please advise me on what stocks to buy", should either keep the money in the bank or look for a good fund manager.

Stock Trading is largely an art, after the technique or science has been fairly understood. It is unfair to you, oga Elai147 or any other person, to keep advising, advising and advising when someone is just interested in dumping their savings in some magical stock, and walk away.

Anyone who isn't ready to READ shouldn't trade. SHIKENA!

#no hard feelings
#unfortunately, some future newbies won't bother to read several pages of this thread before commenting.

lancee:

McIrx:

http://www.nse.com.ng/Financial_NewsDocs/FinancialStatementFull_FORTE%20OIL%20PLC._2015-04-15.pdf


FORTE OIL Q1

myjoy08:
http://www.nse.com.ng/Financial_NewsDocs/FinancialStatementFull_FORTE%20OIL%20PLC._2015-04-15.pdf


FORTE OIL Q1

This guy!
U be watch night?

mercylicious:


This guy!
U be watch night?

mercylicious:


This guy!
U be watch night?

Sister Mercy, remember, MONEY never sleep!

lancee:

I expect some shaving on this one. Retrogressive performance.

mercylicious:



I expect some shaving on this one. Retrogressive performance.

Hope so , market would decide morrow

mercylicious:



I expect some shaving on this one. Retrogressive performance.

Sister Mercy, i expect you to be with Sir Hispy by now and be cuddling at this hour of the day

Moneysage:


Absolutely! Your last line mirrors a quote I often repeat in my early days on this thread: The easiest way of making money in the stock market is to follow the big boys.

Big boys: Big volumes and trades (liquidity), Market Capitalization, Sound Fundamentals, Institutional Investors. If you chase these, "you shall never walk alone" !

That's my style. It is also very easy to buy and sell these stocks at will. My best performers are in this category.

Moneysage:

Absolutely! Your last line mirrors a quote I often repeat in my early days on this thread: The easiest way of making money in the stock market is to follow the big boys.
Big boys: Big volumes and trades (liquidity), Market Capitalization, Sound Fundamentals, Institutional Investors. If you chase these, "you shall never walk alone" !

passwelle:


Yes Sir. Like The Sage posited above, if it is good enough for the Investment Corporation of Dubai to stake $300m for 1.4% and for the South African Public Investment Corporation to own 1.5%, while Blakeney Management also own about 1% of Dangcem as at the 15th of Feb, it is good enough for me.


... 23977. passwelle: Quote Post
@Elai147
Many thanks for the above. TA and some Fundamental Analysis ultimately will explain why a stock like Nestle is priced that high. ROE of >60 will always be attractive to Foreign investors and institutional funds who have set investment criteria and dont base their investment decisions on anonymous stock picks. In this game it is always a good idea to follow the big money.
......

I'm an oldbie ooo...pls how do I know when dem institutional investors enter and exit a stock?