fxuser:
oando
- full offer (dodgy)
- mkt marker is playing a dummy or a sudden trend change !
- closed yesterday at 5.20 , maintained support above n5
- come friday opens 4.94 ! #fishy
- by 2pm we would know
- feels like a shake out !

- if it closes below support
- expect major pull back

Godisfaithful:


Sir, your point is well noted. All the developed countries I know of don't defend their currency by pegging it. They intervened in their forex market when their reserves is questioned. Anyway, that's a topic for another day. And u think CBN is independent body in Nigeria in terms of their decision making. Let's wait and see if CBN will completely win this war in the next 2-3 months? Don't forget Dangote refinery is not our solution to forex market. Some people are busy loading $$$$ at the moment because they might be able to see what me and you don't see...lol. In all, all the best sir!

Firstly, Nigeria is a developing nation. Countries will always defend their currency in desperate times and when they have the means to.
Russia stop intervening in late 2014 and the ruble jump to 81 rub to a dollar in 2 days. They have to stylishly re-enter the market. Now ruble is 57 to dollar. Mind you, before the oil price crash, ruble was 29. And this is a country that is the second largest exporter of arm and ammunition behind the united states.

Dangote refinery will not solve our FX problem, but anything that will reduce the pressure on FX is a plus.
Petrol, Rice, Frozen fish and meat. If we can stroke 2 out from these list or reduce our import dependency on these commodities (especially petrol and rice), the demands for FX will be greatly reduced and which in turn will reduce scarcity.

Big Northern speculators are offloading their $$$ in millions of dollars, those that have less than $20k want to sleep top of it, because they are seeing what either of us can not see.

Like you said, let's wait I see.

locodemy:


Oga pls tell them to take it easy o.The way the stock is drawing my attention,i am ready to half my fcmb shares after mark down to own 50% fbn,50% fcmb in my portfolio.I must get mine at 2.98 to 3.00.

Loco, are you sure you will load when it drop to 2.98.
You that I know, will move his goal post again.

fxuser:


- if it closes below support
- expect major pull back

just like that 4.94 offers gone !
took some

binaflexia:


Loco, are you sure you will load when it drop to 2.98.
You that I know, will move his goal post again.

all lot of bids already parked below n3.00 ! !

locodemy:


You are correct.you are welcome dear.

payment received

thank you

binaflexia:


Loco, are you sure you will load when it drop to 2.98.
You that I know, will move his goal post again.

Definitely i will unless the offer status is higher than the bid when it trades at 2.98 thats when i will shift my goal post.There is something i am seeing in the stock presently and is a stock one deer not to miss.

fxuser:


all lot of bids already parked below n3.00 ! !

Sir, people can cancel bid in an instant.
Like you always say, taunting.
The buyers are taunting the seller if they will come and sell at that level, immediately the price get there, see the way they will discharge and re-position lower.

Who no like cheaper tin...

OBAGADAFFI:

Last year
UACN paid - 100 kobo UNILEVER PAID - 5K

5Kobo or 50kobo? what of this year ?

locodemy:

NPF,JULIUS BERGER,CONOIL,CHAMPION BREW........

One love .

binaflexia:


Sir, people can cancel bid in an instant.
Like you always say, taunting.
The buyers are taunting the seller if they will come and sell at that level, immediately the price get there, see the way they will discharge and re-position lower.

Who no like cheaper tin...

Na my prayer be that bro.

ihedioramma:
5Kobo or 50kobo? what of this year ?

Just 10 GBA-HUAN...........Speed on my legs.

locodemy:


Just 10 GBA-HUAN...........Speed on my legs.

Unilever?

feelamong:



this should interest you....Just keep speculating on dollars..

http://www.businessdayonline.com/nigerian-firms-cut-back-dollar-debt-exposure/

has the dollar get to #200 ?

ZENITH BANK DIVIDEND ALERT just Landed

locodemy:
We have heared the nucleaus of fbn and fcmb results and dates,what is holding diamond,fidelity,union,uba,sterling,wema,eti,.......no info,no notice Nse.Are we to expect good things from them?
Egwu di kwa(fear dey)

you don't have to put UBA among them, oga na master .

locodemy:


Oga pls tell them to take it easy o.The way the stock is drawing my attention,i am ready to half my fcmb shares after mark down to own 50% fbn,50% fcmb in my portfolio.I must get mine at 2.98 to 3.00.

Sorry, get up from sleep . last two weeks i ask you to enter at #2.97/#2.98 but you did not now come and stop it .

ukay2:
ZENITH BANK DIVIDEND ALERT just Landed

Just got my now . what of ucap ?

ihedioramma:
Sorry, get up from sleep . last two weeks i ask you to enter at #2.97/#2.98 but you did not now come and stop it .

The time for them to release result according to their notice to NSE is far.I doubt if there is any catalyst to move the price until the result is released.so obeni,calm down,i will get it at even below #3.00.sure.

Only stock i respect ...NB and GTB...ACCESS anyday anytym

Tritri:
Only stock i respect ...NB and GBT...ACCESS anyday anytym

Is Great Britain also quoted @ NSE?
Aby my eyes dey deceive me?

locodemy:


Is Great Britain also quoted @ NSE?
Aby my eyes dey deceive me?

Locodemy the man i respect GET RICH OR DIE TRYING ...

Tritri:
Only stock i respect ...NB and GTB...ACCESS anyday anytym

Sorry the thing don already enter record.see am for up......how we go do am oga?

locodemy:


Sorry the thing don already enter record.see am for up......how we go do am oga?

Loco is any stock interesting today ? i see RED everywhere.

ihedioramma:
5Kobo or 50kobo? what of this year ?

5kobo last year

10koko this year

Could it be the fear of bears that attacked Total after releasing result and declaring dividend is probably what is preventing MOBIL from releasing its results too?....

#Just Saying

Tritri:


Loco is any stock interesting today ? i see RED everywhere.

The dividend you don begin chop no be INTERESTING? I will soon chop mine and that will be INTERESTING too. Now to bergain and reposition we dey now.

Coolcash1:
Could it be the fear of bears that attacked Total after releasing result and declaring dividend is probably what is preventing MOBIL from releasing its results too?....

#Just Saying

I think so. unilever should be 28 next week.and total 230 ...what u think?

locodemy:


The dividend you don begin chop no be INTERESTING?
I will soon chop mine and that will be INTERESTING too.
Now to bergain and reposition we dey now.

Chop ke? nope...i average down and will average more until it get to 15..that when i can claim or say i chop dividend..

OBAGADAFFI:

5kobo last year
10koko this year

O

Tritri:


I think so. unilever should be 28 next week.and total 230 ...what u think?

Unilever at that price is expensive...i think N25 will be ideal...For total, if it can get to that price, provided the accumulation party has not ended, will really be an opportunity for one to average down...

ihedioramma:
O

And next year 15 GBA-HUAN. Future dark for here.