Please name one or two stocks for short term profits of about 10% and above.

Over 50m units of FCMB was traded today. The last time such a huge volume was traded was April 2015. I have FCMB in my portfolio and it's only normal that it caught my attention. My mandate to buy more at N1.53 wasn't successful today. No intention to promote it either.....just saying. In fact, it could be a prelude to a big crash in price.....may be not.

ogoo4real:
Please name one or two stocks for short term profits of about 10% and above.

Define short term

Manonamission:


Define short term

The short term I mean is one week min,
Two weeks max.

Manonamission:
Over 50m units of FCMB was traded today. The last time such a huge volume was traded was April 2015. I have FCMB in my portfolio and it's only normal that it caught my attention. My mandate to buy more at N1.53 wasn't successful today. No intention to promote it either.....just saying. In fact, it could be a prelude to a big crash in price.....may be not.

Good observation. I guess someone is placing a bet based on inside information.

stokfrick:


That's 1.46% profit after Morgans tax!
Hmm. U get mind oh. 4 D's kind one any small mistake, short term go turn long term!

This means that if he traded with N100,000 for example, he will make gain of only N1,400 after tax and fees? What kind of investment is this? It is better not to even trade at all than to take this heavy risk and gain only 1.4%...What if it went the other way round? NSE is loosing it but we are making money this year whether they like it or not.

ogoo4real:
Please name one or two stocks for short term profits of about 10% and above.

When you see a man selling handkerchiefs and still sweating profusely in traffic, it tells you that possession is not the same as ownership.
Oya digest.

Manonamission:
Over 50m units of FCMB was traded today. The last time such a huge volume was traded was April 2015. I have FCMB in my portfolio and it's only normal that it caught my attention. My mandate to buy more at N1.53 wasn't successful today. No intention to promote it either.....just saying. In fact, it could be a prelude to a big crash in price.....may be not.

I hope you are aware that their q3 result is not yet out and speculation is that the result might be bad....Some people might have gotten the info and may be dumping.... This is exactly what oando did to deceive shareholders when over 60million units were traded last year before they released the bombshell result...Better pray for the best...Remember, no company will ever withhold a good result for too long.

megainvest:


Good observation. I guess someone is placing a bet based on inside information.

Or someone is offloading based on insider information...

megainvest:


Good observation. I guess someone is placing a bet based on inside information.

Is it time to Jump out?

Caveat: I have Fcmb in my bag

Intendy:


When you see a man selling handkerchiefs and still sweating profusely in traffic, it tells you that possession is not the same as ownership.
Oya digest.

Hilarious. I love this.

Born2berich:
I hope you are aware that their q3 result is not yet out and speculation is that the result might be bad....Some people might have gotten the info and may be dumping.... This is exactly what oando did to deceive shareholders when over 60million units were traded last year before they released the bombshell result...Better pray for the best...Remember, no company will ever withhold a good result for too long.

Like I said, it's just an observation. It's not to raise anyone's hope.

ogoo4real:


The short term I mean is one week min,
Two weeks max.

Okay. This is a very personal opinion. Watch the sell off going on in SKYE. Target the N1.15 to N1.23 range. Let's hope it gets there. It just might touch N1.23 by Friday, hopefully (apologies to those that have SKYE in their portfolio). How deep your pocket is should guide when you start buying. That your 10% go dey small when harvest time reach ( max is 2 weeks from date lower value of the range was reached). Very very very personal opinion indeed........more like what I am doing in front of my computer. If it goes against projection.........na to sigh and laugh at myself o. If you buy at that range their is no point panic-selling if it dips further. March/April is just around the corner......meaning don't use borrowed money so you go fit convert to medium term.

VITAFORM CORPORATE ACTION:

Projected Dividend : 0.25k
Closure date: 15th-19th Feb.2016
AGM Date and Venue: Sheraton Hotel Ikeja, 2-Mar-16.
Projected payment month: March 2016


http://www.nse.com.ng/Financial_NewsDocs/11782_VITAFOAM_NIG_PLC._CORPORATE_ACTIONS_JANUARY_2016.pdf


http://www.nse.com.ng/Financial_NewsDocs/11780_VITAFOAM_NIG_PLC._FINANCIAL_STATEMENTS_JANUARY_2016.pdf

Justcul:


Is it time to Jump out?

Caveat: I have Fcmb in my bag

For me, if I must hold 2 banking stocks in my portfolio in 2016, FCMB and FBNH will top my consideration especially at their current prices. Their holdco structure will confer on them certain privileges deposit money banks can not benefit from.
Govt is going to be raising a lot of domestic debt in 2016, the likes of UCAP, FBN Capital and FCMB capital, among others, will be arranging the funds (of course for a fee). The capital market will witness increased Govt patronage and we know the leaders in that field. I am aware DMBs will benefit from the fund raising but not in the form of incomes accruable to lead arrangers.

This is not a JIJO perspective though and you are permitted to thrash it as soon as you are done reading.

Buying stocks at this time(january) is just wasting cash.We will experience a turn around by next month and very active trading by the month end i.e next month.Pls gather your money while you stay away from the market just to allow it fall within our likes.whether good or bad money must be made this year and march is the first.

Raider76:


May be he is actually an oil trader, or at least in some kind of business in that area. I can't see anybody putting this much time on an issue unless one is making money in it.

ogoo4real:
Please name one or two stocks for short term profits of about 10% and above.

If you have the nerves try STANBIC.

Oil price falls below $35 a barrel to fresh 11-year low http://www.bbc.com/news/business-35243442

Oil has continued its rollercoaster ride into the new year, with Brent crude falling below $35 a barrel for the first time in 11 years.

Brent crude sank by 4.2% to $34.88 a barrel, surpassing its late December fall, and taking the price to its lowest level since 1 July 2004.

The price of US crude dropped 3.3% to $34.77 a barrel.
The sharp falls followed a short-lived rally on Monday after Saudi Arabia broke diplomatic ties with Iran.

Goldman Sachs has warned that oil prices could go as low a $20 a barrel, but most analysts are expecting the price to stabilise in the second half of the year as supply from non-Opec nations slows and demand remains relatively robust.

Bloomberg - China Halts Stock Trading After 7% Rout Triggers Circuit Breaker http://bloom.bg/1ZOCiok

Chinese stock exchanges closed early for the second time this week after the CSI 300 Index plunged more than 7 percent.

Trading of shares and index futures was halted by automatic circuit breakers from about 9:59 a.m. local time.

Stocks fell after China’s central bank weakened the currency’s daily reference rate by the most since August.

PETERiCHY:


If you have the nerves try STANBIC.

Peterichy Stanbic is not a good option at all.

ogoo4real:

Peterichy Stanbic is not a good option at all.

shiii just grab it.

Intendy:


When you see a man selling handkerchiefs and still sweating profusely in traffic, it tells you that possession is not the same as ownership.
Oya digest.

bros, which kind school you come put me this morning now!! abeg digest the talk for me...

Born2berich:
I hope you are aware that their q3 result is not yet out and speculation is that the result might be bad....Some people might have gotten the info and may be dumping.... This is exactly what oando did to deceive shareholders when over 60million units were traded last year before they released the bombshell result...Better pray for the best...Remember, no company will ever withhold a good result for too long.

Oga B2beR u dey make me remember those days again ..i was looking up to 18 naira before that bomb was dropped

http://www.bloomberg.com/news/articles/2016-01-06/oil-trades-near-34-as-record-cushing-stockpiles-exacerbate-glut

Turmoil in China’s markets is pushing oil closer to $30 a barrel.
Futures slid as much as 4.3 percent in London on concern the economic slowdown in the world’s biggest commodity consumer is worsening.

Brent for February settlement fell as much as $1.48 to $32.75 a barrel on the London-based ICE Futures Europe exchange and was at $32.87 at 2:43 p.m. Hong Kong time.

The contract dropped 6 percent to $34.23 on Wednesday, the lowest close since June 2004. The European benchmark was at a premium of 18 cents to West Texas Intermediate.

Born2berich:
I hope you are aware that their q3 result is not yet out and speculation is that the result might be bad....Some people might have gotten the info and may be dumping.... This is exactly what oando did to deceive shareholders when over 60million units were traded last year before they released the bombshell result...Better pray for the best...Remember, no company will ever withhold a good result for too long.

flesh and blood did not reveal this to you but my father in heaven.

http://www.punchng.com/external-reserves-lose-112m-in-five-days/

The nation’s foreign reserves have fallen by $112m in five days to $28.960bn; the latest figures obtained from the Central Bank of Nigeria have shown.

The loss, recorded between December 31 and January 6, was the biggest in Nigeria’s reserves since the CBN implemented the use of Bank Verification Number in the forex trading.

BUHARI-ECONOMICS

lancee:



Oga B2beR u dey make me remember those days again ..i was looking up to 18 naira before that bomb was dropped

only #18.00?i was expecting #25.00.The bombshell come land people to #5.00.God have mercy for FCMB but me and my household is ready to buy at 0.75.

To know the latest oil prices, Google PETERiCHY