Intendy:
stocks with new 52 week lows

FO #50.20k

fidson #0.91k

Vitafoam #1.64k

cadbury #8.55k

7up #100.00k

stock with new 52 week highs

presco #47.10k

Chai fidson is one of the stocks that enriched my pocket in those days.What is really happening to it?Is it reversing to the bus stop or what?

soloniger:
chop make i chop, no be sooo

Ma broda you kw wats up.

#NSEToptrades by volume 27/2/2017
ZENITHBANK69,113,031
UNIC62,300,000
CORNERST22,179,020
UBA19,569,599
UCAP12,045,538

OBAGADAFFI:


Thanks

UACN finally start the Journey to the top.

I was jumping when I saw N13.64 on morgan in the morning, only for some people to take down to N13. The journey has started anyway.

locodemy:


Bros pls no dey trade like this naw!..........na only when one is afraid he can sell with margin profit and walk away without coming back again unless if the same stock plummets below 10%.

Let everyone trade as they wish and as they want.

Let me give you a scenario of an hypothetic stock named XYZ selling at N1.00 per share.

Let's say you and I invest N100,000 each in XYZ at the beginning of January.

You target 10% to sell and I target a minimum of 4% to sell.

Week 1 XYZ gains 7% and I SELL at N1.07 making a 4% net to get N104,000 while you still HOLD
Week 2 XYZ falls back to N1.00 so I BUY 104,000 units at N104,000 while you still HOLD
Week 3 XYZ gains 7% again and I SELL at N1.07 again making another 4% net to get N108,000 while you still HOLD
Week 4 XYZ falls back to N1.00 and now I BUY 108,000 units at N108,000 while you still HOLD
Week 5 XYZ gains 7% again and I SELL again to net 4% getting N112,000 while you still HOLD.

Note that while you are holding and waiting to get 10% I have made multiple 4% profit trades and my portfolio is 12% UP.

My point is that everyone has a trading strategy that seems perfect but when you find out what someone else is doing, you might find out they are WAY AHEAD of you in profit.

Therefore, MIND YOUR OWN BUSINESS AND MIND YOUR OWN TRADES.

Have a beautiful day great people and HAPPY INVESTING.

NextProdigy:


Let everyone trade as they wish and as they want.

Let me give you a scenario of an hypothetic stock named XYZ selling at N1.00 per share.

Let's say you and I invest N100,000 each in XYZ at the beginning of January.

You target 10% to sell and I target a minimum of 4% to sell.

Week 1 XYZ gains 7% and I SELL at N1.07 making a 4% net to get N104,000 while you still HOLD
Week 2 XYZ falls back to N1.00 so I BUY 104,000 units at N104,000 while you still HOLD
Week 3 XYZ gains 7% again and I SELL at N1.07 again making another 4% net to get N108,000 while you still HOLD
Week 4 XYZ falls back to N1.00 and now I BUY 108,000 units at N108,000 while you still HOLD
Week 5 XYZ gains 7% again and I SELL again to net 4% getting N112,000 while you still HOLD.

Note that while you are holding and waiting to get 10% I have made multiple 4% profit trades and my portfolio is 12% UP.

My point is that everyone has a trading strategy that seems perfect but when you find out what someone else is doing, you might find out they are WAY AHEAD of you in profit.

Therefore, MIND YOUR OWN BUSINESS AND MIND YOUR OWN TRADES.

Have a beautiful day great people and HAPPY INVESTING.

what about brokerage fee sir at each n every buy n sell won't DAT b factored in?

OBAGADAFFI:
ZENITH BANK PLC AUDITED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER, 2016 DEC. 2016 DEC. 2015 N'000'000 N'000'000 Revenue/Gross Earnings/Gross Premium: 507,997 432,535 Profit/(loss) before Tax: 156,748 125,616 Income tax expense (27,096) (19,953) Profit/(loss) for the year: 129,652 105,663 Earnings per share (k): 412 336 Proposed Dividend per share (N) 2.02 1.80 Proposed Dividend (N'million) 63,421 56,513 Closure Date: 13th March, 2017 Qualificatioin Date: 10th March, 2017 Date of payment: 23th March, 2017 Date of payment for GDR Holders: 3rd April, 2017

http://www.nse.com.ng/Financial_NewsDocs/16524_ZENITH_BANK_-_2016_AUDITED_ACCTS_FINANCIAL_STATEMENTS_FEBRUARY_2017.pdf

Nice work

afo7219:
what about brokerage fee sir at each n every buy n sell won't DAT b factored in?

Already factored in. 7% - 3% = 4%

duni04:

I was jumping when I saw N13.64 on morgan in the morning, only for some people to take down to N13. The journey has started anyway.

Yes o, the Journey as stated.

Buying bottom-out stocks is very profitable and low risk.

Just looking at PZ I bought around N11.making me sleep soundly.

OBAGADAFFI:


Yes o, the Journey as stated.

Buying bottom-out stocks is very profitable and low risk.

Just looking at PZ I bought around N11.just making me sleep soundly.

After how many years on Nairaland you can say this? Even the PZ is retracing it step backkward if care is not taken..Am sure people like you would already av there hands burt on FO. and PZ like twice...THERE IS NOTHING LOW RISK IN NSE.

NextProdigy:


Already factored in. 7% - 3% = 4%

Easy in theory but difficult in practice!!

Tritri:



After how many years on Nairaland you can say this? Even the PZ is retracing it step backkward if care is not taken..Am sure people like you would already av there hands burt on FO. and PZ like twice...THERE IS NOTHING LOW RISK IN NSE.

PZ is not in the same category as FO.

PZ , UACN belong to the FMCG categories.

This stock got the ability to pick up vary fast, once we get positive CPI( consumer price index).

Also note they got better management structure.

And yes there are low risk stock on the NSE, depending on your timings.

Those who bought FCMB at .80k got nothing to fear in the next one month.

Bewere of this name (NextProdigy) and tell me who he talk like? for me he talk like born 2be rich or THE BIG START GUY .

ihedioramma:
Bewere of this name (NextProdigy) and tell me who he talk like? for me he talk like born 2be rich or THE BIG START GUY .

Very funny.

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Intendy:
https://www.thecable.ng/cbn-pumps-fresh-80m-fx-market-school-fees-pta

Like I posited in one of my previous mails..I have started buying dollars yesterday

I bought at N460...

I intend to buy more as the price continues to slide....

Hopefully those that are waiting for dollars to get to N1000, will eventually sell to us..

feelamong:


Like I posited in one of my previous mails..I have started buying dollars yesterday

I bought at N460...

I intend to buy more as the price continues to slide....

Hopefully those that are waiting for dollars to get to N1000, will eventually sell to us..

I will buy dollar at N370 per dollar to import raw materials for my poultry feed company

feelamong:


Like I posited in one of my previous mails..I have started buying dollars yesterday

I bought at N460...

I intend to buy more as the price continues to slide....

Hopefully those that are waiting for dollars to get to N1000, will eventually sell to us..

Bought at N452 around 8.10am today in Sabo Ibadan. Just a little patience, seems the dollar will come as low as N440 before friday.

^^^^^
I don't understand the rationale for buying dollars high when you know the price will eventually drop. Can you kindly explain please. Maybe i'll learn something new today.

duni04:
^^^^^
I don't understand the rationale for buying dollars high when you know the price will eventually drop. Can you kindly explain please. Maybe i'll learn something new today.

Demand & Supply. It's simple Economics.

NextProdigy:


Demand & Supply. It's simple Economics.

Someone who's already speculating that the price may further drop on Friday is advertising that he bought at a high price on Tuesday, that's the part i don't understand. Why not wait till Friday, when he's sure the price will drop further, to buy?

duni04:

Someone who's already speculating that the price may further drop on Friday is advertising that he bought at a high price on Tuesday, that's the part i don't understand. Why not wait till Friday, when he's sure the price will drop further, to buy?

We don't have to understand everything. Whatever rocks his boat works for him and what you eat don't make me shit. MIND YOUR OWN BUSINESS.

NextProdigy:


We don't have to understand everything. Whatever rocks his boat works for him and what you eat don't make me shit. MIND YOUR OWN BUSINESS.

Next time if you're not quoted and if you don't know the right response to a post, just move along instead of quoting rashly and irrationally.
Thanks.

NextProdigy:


We don't have to understand everything. Whatever rocks his boat works for him and what you eat don't make me shit. MIND YOUR OWN BUSINESS.

duni04:

Next time if you're not quoted and if you don't know the right response to a post, just move along instead of quoting rashly and irrationally.
Thanks.

Take it easy guys. This shouldn't result in an insult.

@duni04, to answer your question, the other guy is only speculating based on some reasons best known to him. He bought at >450 because he's taking a bet that based on information available to him dollar will rise above the price soon making the earlier speculated N300 band unfeasible.

To me, i will advise you still hold your cash as our clueless CBN governor is still flexing muscle by pumping dollar into the FX market to placade innocent and unlearned financial people that stability as returned- which is far from the truth...The point is, this intervention won't last and when you see that the CBN's funding limit has been reached or closed to being reached then, mopping of the greenback should start...

Hope this explains it better.

Incredible response to Zenith's result yesterday, just incredible.

duni04:
Incredible response to Zenith's result yesterday, just incredible.

Thats to show that there is a big problem for stocks with disappointing results. First Bank on my mind.