feelamong:


None yet...Just Follow @PaulWallace123

he is a bloomberge reporter for Africa.....I expect the article the bloomberg any moment from now

Alright,thanks. I was very curious because of the stated yield of 10.75%. I was not expecting anything above 8%.

mercylicious:

U are a bad somebody. Even nassarawa won't give u DT kind of deals.

Nothing is Impossible. Have Faith.

lafencer:



PM sent.

PM seen and acknowledged.

leparj:
Good news. If you play long term ie at least 10-15yrs, Load this stock n go to sleep. U wont regret it.

May be you are talking of FBN of 15,20 yrs ago.
If you buy FBN today, you have to watch it like a hawk otherwise your money can enter bush.

CBN
- back with another fx intervention strategy to settle some back logs thru another unclear fwd contract
- continues wt d travelex / fbn & BDC arrangee at 375/$
- banks no longer able to fund foreign trnx using local debit cards

FCMB
- on full bid , no offers
- back at 1.11 level to find new support
- seems pull back is over
- um

fxuser:
CBN
- back with another fx intervention strategy to settle some back logs thru another unclear fwd contract
- continues wt d travelex / fbn & BDC arrangee at 375/$
- banks no longer able to fund foreign trnx using local debit cards

Do you think banks will suspend the ban on foreign use of Naira debit cards.

I once did something so so so stupid and I mentioned it here, I will normally do, we are all students.
I am taking another EXTREMELY STUPID decision again.
It seems ABSURD DECISIONS are THE PATH TO THE TOP.
Before you continue reading....NOTE: DO NOT FOLLOW ME. NEVER. I AM EXTREMELY IRRATIONAL and I trade myself. My brokers had pleaded with me to start trading myself as I had 'CHANGE' with them but was the one calling them even at home when they were in BED... . I felt they were not making me money but helping themselves.... . Though a broker is typically not there to make you rich...
I may see GTB up +3% and UBA down -4.6% and quickly start pressing buttons to rebalance between them {+3% - (-4.6%) = 7.6}...JIJO masters know what I am saying. Be mindful of commissions....
I first scan through my 'gambling set' (SET THEORY IN MATHS) each day and interpret what the numbers are whispering... .

BACK ON TRACK...I WILL BE ALMOST COMPLETELY OUT OF UCAP today and PUT ALL in FCMB and DIAMOND....Its just a GAMBLE!!!

@FXUSER, My friend, by the time your charts are screaming SELL or BUY, I must have taken this silly decision....still don't mind....WHAT IS THE FCMB n DIAMOND technical chart thinking.

I do this so that I do not come here in a week saying 'I mad huge gain or loss'...In a week, you will not need me to CALCULATE my 'PROFIT or LOSS'.. ...YOU will know what my shooting into the dark caused me....

And who is our teacher?

ihedioramma:
And who is our teacher?

All of us too... .

leparj:
Good news. If you play long term ie at least 10-15yrs, Load this stock n go to sleep. U wont regret it.

see me see trouble ooo, boys are looking for their reward today/tomoorrow, you are telling to wait for 15 yrs.

in other words buy for your children?

Yours sincerely is buying though. Who will enjoy it is a diff. discussion altogether

DeRuggedProf:


All of us too... .

As long as our life is risky too go on

angelo82:


Do you think banks will suspend the ban on foreign use of Naira debit cards.

- only temporarily
- they advise people to use their dollar denominated cards (debit or credit)

fxuser:


- only temporarily
- they advise people to use their dollar denominated cards (debit or credit)

Their advise is inconsequential,its hard for Nigerian in diaspora to fund the dollar debit card.

DeRuggedProf:
I once did something so so so stupid and I mentioned it here, I will normally do, we are all

loll
-we all struggle with discipline and itchy fingers

FCMB
- macd is still above signal line but below zero line
- since touching 1.20, sellers are still in market
- buyers turned up at 1.06 opening pushing price to 1.10 levels. things can turn ard quickly bcob
- there is no BUY / Sell signal confirmation
- lets just wait and see (wh is d most difficult part for traders , the DO NOTHING TIME lol)

Dis:
- i put some bids at 1.01 just to add my own tasere to dat 20m bid figure loll

Diamond
-similar to FCMB
- but dat Marubuzo after the doji 2 days ago says buyers de this market
- no clear sell signal yet ! macd still above zero line but almost kissing loll ! (charts sha)
- bollinger bands are currently squeezed together so any break up or down will be sumfin else (transcorp also)

Dis:
i took some profits before on both & currently on d side lines

fxuser:


loll
-we all struggle with discipline and itchy fingers

FCMB
- macd is still above signal line but below zero line
- since touching 1.20, sellers are still in market
- buyers turned up at 1.06 opening pushing price to 1.10 levels. things can turn ard quickly bcob
- there is no BUY / Sell signal confirmation
- lets just wait and see (wh is d most difficult part for traders , the DO NOTHING TIME lol)

Dis:
- i put some bids at 1.01 just to add my own tasere to dat 20m bid figure loll

Diamond
-similar to FCMB
- but dat Marubuzo after the doji 2 days ago says buyers de this market
- no clear sell signal yet ! macd still above zero line but almost kissing loll ! (charts sha)
- bollinger bands are currently squeezed together so any break up or down will be sumfin else (transcorp also)

Dis:
i took some profits before on both & currently on d side lines

Lol.. .
Thank you a lot & TGIF.
There will be a FORCED BREAK....

this thread makes me realise dat there is only 1 industry in Nigeria, People predict fairly accurately how moves will affect d earnings of banks.... Abeg can we take dis to other sectors of d nse eg cement and brewries... lets know d moves d companies involved are making

Big vols

Diamond
85m plus units traded

Access
30m plus

message from Stanbic


+++
Dear Valued Customer,
Thank you for your continued business.
On account of current market conditions, please note that with effect from 18 October, 2016, you will not be able to use your Naira debit and credit cards for international transactions.
If you wish to carry out card transactions priced in foreign currencies from that date, you can request for a USD card (debit or prepaid) from any of our branches.
We apologize for any inconvenience that may be caused by this decision. We trust that our USD card product will allow you to continue to pay for goods and services that are priced in foreign currencies.
To ensure unhindered access to your USD debit or prepaid card while abroad, kindly notify us of your impending trip(s), preferably before you leave Nigeria.
+++

End

fxuser:
Big vols

Diamond
85m plus units traded

Access
30m plus

Who is buying DIAMOND and why DIAMOND?

WAPCO at what price is favourable to BUY?

fxuser:

message from Stanbic


+++
Dear Valued Customer,
Thank you for your continued business.
On account of current market conditions, please note that with effect from 18 October, 2016, you will not be able to use your Naira debit and credit cards for international transactions.
If you wish to carry out card transactions priced in foreign currencies from that date, you can request for a USD card (debit or prepaid) from any of our branches.
We apologize for any inconvenience that may be caused by this decision. We trust that our USD card product will allow you to continue to pay for goods and services that are priced in foreign currencies.
To ensure unhindered access to your USD debit or prepaid card while abroad, kindly notify us of your impending trip(s), preferably before you leave Nigeria.
+++

End

We should be expecting a lot more of such mails from all the remaining 19 banks banned from Forex market soon..

Thank God this latest ban did not affect the value of dollars in parallel market

feelamong:


We should be expecting a lot more of such mails from all the remaining 19 banks banned from Forex market soon..

Thank God this latest ban did not affect the value of dollars in parallel market

The problem now is most people outside won't be able to buy from any market even from parallel market.

Tritri:
WAPCO at what price is favourable to BUY?

Whenever you sense a reversal.
Very large volumes was traded today.
Not sure it will trade below 40

I thought of averaging down by Monday.

Tritri:
WAPCO at what price is favourable to BUY?

N33 - N37..... ..EXTREME PATIENCE NEEDED...YOU MAY BORROW FROM FMR. PRESIDENT JONATHAN..

Why is Guiness still going higher even with the Recent bad news..

Tritri:
Why is Guiness still going higher even with the Recent bad news..

Why is FOREIGN EXTRA bitter in the mouth yet people still drink it? The mystery of GUINESS....

DeRuggedProf:


Why is FOREIGN EXTRA bitter in the mouth yet people still drink it? The mystery of GUINESS....

pluto09:


May be you are talking of FBN of 15,20 yrs ago.
If you buy FBN today, you have to watch it like a hawk otherwise your money can enter bush.

At the price it is sellin now, One is not likely to lose money in the long term. U never say never so u ve a point. Load heavily now n sleep with one eye open.

leparj:
At the price it is sellin now, One is not likely to lose money in the long term. U never say never so u ve a point. Load heavily now n sleep with one eye open.

A stock of 50 kobo can still be expensive.......Guy no go sleep for fbn oo.......if you buy now,just set a target of 10-15% and sell......no stock is good for long term now.......fbn can even go down to #2.00 in the future.......be very careful in trading.

FBN price has remain too low for long time and early next year it might go down as low as 1.80Naira unless there is improvement in their balance sheet.That bank really need some great news to move up so that the rest of the banking stocks can move too.