Coolcash1:
I have come to conclusion that FORTE OIL SHARES IS BEING SERIOUSLY MANIPULATED....HOW CAN THIS STOCK BE OUTDOING OTHER STOCKS IN THE SAME INDUSTRY...EVEN ALMIGHTY NESTLE IS NOT ACCUMULATING BASIS POINT AS IT IS...

I SUSPECT SERIOUS ROUND TRIPPING GOING ON...

NSE, truly, the more you look the less you see...

The thing dey pain you abi. Let those in the stock enjoy their loot.

Demand and supply rules this game. As long as there is someone who is ready to keep mopping up that stock, the price will continue to rise. Just enjoy the ride.

willyede:

i they follow you bumper to bumper on this one

Follow him bumper to bumper? I'm sure you did not understand his last line.
Your eye go clear when 'im go dump overpriced monkeys on you.

Coolcash1:


Nice one mercy...you no dey sleep?

sleep ke? when am supposed to be recouping my fcmb loss?

lancee:

Thanks mercy

i dont follow the chart ooo. i just use it to check probability of movt. Most times, the action happens b4 the chart picks it.

Now i understand why the bible said your heart is where ur money is.

rebekah2011:


The thing dey pain you abi. Let those in the stock enjoy their loot.

I am not pained bro. Just thinking of the insanity in the market noni...

[quote author=mercylicious post=42855942]
sleep ke? when am supposed to be recouping my fcmb loss?




Don't worry all will be fine. Any plan to average down?

[quote author=Coolcash1 post=42856068][/quote]

i dont average down on bad result . A loser is a loser.

[quote author=Coolcash1 post=42856068][/quote] I may likely sell my fcmb @ loss!!! Just 4% loss!!! Fcmb is now a penny stock!!! Whether u like it or not!!!

ufotty2001:
I may likely sell my fcmb @ loss!!! Just 4% loss!!! Fcmb is now a penny stock!!! Whether u like it or not!!!

Its your choice though..However, you need to look beyond your nose..I believe in contrarian strategy.

ufotty2001:
I may likely sell my fcmb @ loss!!! Just 4% loss!!! Fcmb is now a penny stock!!! Whether u like it or not!!!

If the 4% is at 0.92 is easy to avoid the loss. TARGET, AVERAGE DOWN AND TAKE OFF.

If I don't need the cash urgently, I will not do what you plan to do or what I suggested if I were you.

...rem'ed my oando

ufotty2001:
no name that people in this forum did not call me!!! All those praying for fcmb to get to 0.65k totally disappointed.. Even though fcmb will get to zero I will not sale out my shares dey can only hold my money for long.. This year I promise myself not to make loss!!! All those witches and wizza.rd praying fcmb shd fall to 0.55 and 0.65 are totally sleeping!!!

ufotty2001:
I may likely sell my fcmb @ loss!!! Just 4% loss!!! Fcmb is now a penny stock!!! Whether u like it or not!!!

Too early to break your new year resolution bro Don't give in to the witches and wizzard. Don't cause unnecessary panic here o.

Manonamission:




Too early to break your new year resolution bro Don't give in to the witches and wizzard. Don't cause unnecessary panic here o.

you are a bad somebody.

Intendy:
http://www.nse.com.ng/Financial_NewsDocs/12228_FORTE_OIL_-_2015_FINANCIAL_RESULTS_CORPORATE_ACTIONS_FEBRUARY_2016.pdf

see levels. first to release 2015 full year result, its also audited result. NEM, FCMB, OANDO, hope ur mgt is watching.

Revenue dropped but PAT N PBT increased by almost 30%. means its either their tax was reduced or their cost was drastically reduced. Lets see the full result sha. full year eps is 4.11, an increase of over 86%. let me check d 3rd quater eps sef.

3.45 naira div for a 300 naira stock? Jeez! They must be smoking oshogbo green weed.

in another news i don enter zenith again.

mercylicious:


you are a bad somebody.

see levels. first to release 2015 full year result, its also audited result. NEM, FCMB, OANDO, hope ur mgt is watching.

Revenue dropped but PAT N PBT increased by almost 30%. means its either their tax was reduced or their cost was drastically reduced. Lets see the full result sha

3.45 naira div for a 300 naira stock? Jeez! They must be smoking oshogbo green weed.

Not Oshogbo, its Ondo weed...FO is a scam..scamming investors since 1900

Coolcash1:


Not Oshogbo, its Ondo weed...FO is a scam..scamming investors since 1900

Ive benefited from that scam severally.i just missed this last one.
The early we learn how to allign with these "scammers", the better.

mercylicious:


you are a bad somebody.

see levels. first to release 2015 full year result, its also audited result. NEM, FCMB, OANDO, hope ur mgt is watching.

Revenue dropped but PAT N PBT increased by almost 30%. means its either their tax was reduced or their cost was drastically reduced. Lets see the full result sha. full year eps is 4.11, an increase of over 86%. let me check d 3rd quater eps sef.

3.45 naira div for a 300 naira stock? Jeez! They must be smoking oshogbo green weed.

in another news i don enter zenith again.

Kindly explain the reason for you picking zenith as i advised a friend to get a handful yday as i am trying to sell my diamond to get zenith hopefully

willyede:

Kindly explain the reason for you picking zenith as i advised a friend to get a handful yday as i am trying to sell my diamond to get zenith hopefully

Follow me at your own risk ooo. i could be right or wrong.
End of year results will start coming in anytime from now and people are full of expectation.Most people allign with stocks with history of good dividend pay out which most times, spark off bull when declared along with good result. Gtb and zenith are most times the first to release their result in the financial sector. Their 3rd quater result is also good and good div is expected which will drive positive sentiments and bulls if declared.

Am a weird "trader" and go by sentiments most of the time. so.....

PETERiCHY:
http://www.punchng.com/naira-falls-325-dollar-shortage/

N500 per USD is not far-fetched GOD answers prayer in diverse form.

Sai-Buhari

USD now N335

In Dec I made ascertion that people should invest in USD, AGRICULTURE, LAND and PROPERTY.

I repeat you can only invest your long term idle fund in the stock market because this year it will tank like never before.

He that has ears let him hear.
#backtovacationmode#

*ThE OcToPuS*

How will those who don't have current account get their dividends since it is required to fill the E-dividend form?

Only ...... will invest in NSE right now.

....... can be anything

leo1234:
How will those who don't have current account get their dividends since it is required to fill the E-dividend form?

Any account that can receive cheque should fly (be ok).
But are they stil; using cheque? is it buhari's instruction so as to take 50 naira from both account?

Let me check my trading account to see if buhari is taking anything there . the many trade alerts i get in only one order is enough. i cant thing of adding more costs in this bearish market.

leo1234:
How will those who don't have current account get their dividends since it is required to fill the E-dividend form?

You can use your SAVINGS account for E-dividend but warrants can't be lodged into them over the counter.

mercylicious:


Any account that can receive cheque should fly (be ok).
But are they stil; using cheque? is it buhari's instruction so as to take 50 naira from both account?

Let me check my trading account to see if buhari is taking anything there . the many trade alerts i get in only one order is enough. i cant thing of adding more costs in this bearish market.

My sister took my mother to skye bank to open an account to enable her claim her dividends with forte oil and they were told it must be a current account. Is it that the account officer is ignorant or what?

Manonamission:


You can use your SAVINGS account for E-dividend but warrants can't be lodged into them over the counter.

Please I don't understand. Do they still send warrants to share holders? I thought with this e-dividend everything is paid into the account.

leo1234:

Please I don't understand. Do they still send warrants to share holders? I thought with this e-dividend everything is paid into the account.

Of course, but it is gradually being phased out. E-dividend is a few years old already, it's not like it just started this year.

leo1234:


My sister took my mother to skye bank to open an account to enable her claim her dividends with forte oil and they were told it must be a current account. Is it that the account officer is ignorant or what?

The answer to this question was provided in my first response to your question.

mercylicious:


Ive benefited from that scam severally.i just missed this last one.
The early we learn how to allign with these "scammers", the better.

Powerful statement, if making money is what we are here for.

zendi:

Powerful statement, if making money is what we are here for.

Seconded. In other words, learn to swim with the sharks.

megainvest:


Seconded. In other words, learn to swim with the sharks.

I don't swim with sharks but Whales...

mercylicious:


Ive benefited from that scam severally.i just missed this last one.
The early we learn how to allign with these "scammers", the better.

I know what it takes to make dough from the market. However, my comment about FO is based on your post which is not uncommon in the stock market.

Reassessing and evaluating my portfolio against Monday to decide whether to take position or ignore.