ihedioramma:
AMEN oooooooooooooooooooo and all so be with you, if you have any change with you follow me on FLOUR MILLS not dangote flour o . ONE LOVE .

i entered last year and im still in,thanks...ONE LOVE

Diamond bank formed a doji on friday BT trading in the overbought region. @ techies, how do u interpret this one?

mercylicious234:


Of a truth, this is also becoming an indicator in nse.

Let me just believe is the family side of Mercy that issued this statement and not the Banker Mercy.

BullBearMkt:

...Wao! In less than 24 hours, I got 4 people asking almost the same question. That means it must be critical!!!

Looking at the charts below, the 2 banks have recently rallied and are now "dangerously" sitting on long term resistance price level. A break above this level is very important to the stocks.

Which stock is preferred?
To attempt to select a preferred stock, I based my analysis on Sentiment and Sector comparison

1. POSITIVE SENTIMENT
Both FCMB and Fidelity are enjoying positive sentiment from investors cum traders, however, Fidelity is showing more participation and greediness than FCMB

2. SECTOR COMPARISON
Year-To-Date comparison of the 2 stocks with the financial sector index shows that Fidelity Bank has over-performed the sector with over 65% price appreciation while FCMB is under-performing the sector and cashing up at a faster rate (about 28% price appreciation).

PREFERRED STOCK
I tend to prefer Fidelity Bank stock to FCMB as it's having good participation/sentiment and currently performing better than the sector index.
It is generally belief in the technical "world" that a stock that is over-performing the market always do well in sort- to medium term, however, any negative info in the future can impede such stock's performance.

Thanks boss, well appreciated.

9free, what do u want me to say? Once is said to be accident, twice coincidence BT thrice is with intent.

I am an Engr not a banker. Let us leave it at that.

We are here to discuss stocks and make money.

Meanwhile, e be like say FO wan use reggae spoil my blues.

Agbalowomeri, where are you?

'' Men who can be right and sit tight are uncommon. I found it one of the hardest things to learn. ''
- Jesse Livermore


#NoteToSelf

mercylicious234:
Diamond bank formed a doji on friday BT trading in the overbought region. @ techies, how do u interpret this one?

very interesting close wt very big volume on d daily chart
d weekly chart is bullish
wkly close is a 10 month high breaking some major recent resistance
still 65% away from 2016 highs (d next wkly resistance)
will it rest along the way ?? we wait and see


dis:
still bullish here , I added more

fxuser:


very interesting close wt very big volume on d daily chart
d weekly chart is bullish
wkly close is a 10 month high breaking some major recent resistance
still 65% away from 2016 highs (d next wkly resistance)
will it rest along the way ?? we wait and see

dis:
still bullish here , I added more

also the Weekly RSI is at a 3 yr high
very encouraging to help sitting tight

Princkez:
i entered last year and im still in,thanks...ONE LOVE

JAH BLESS . KM #50+ .

mercylicious234:
Diamond bank formed a doji on friday BT trading in the overbought region. @ techies, how do u interpret this one?

Trend, trend, trend. Move with the trend

carpenter:
How market?

I have gone ahead to buy more of FBN, Oando, Tiger Brands, Nahco, AG Leventis, Learn Africa, Livestock Feeds and Transcorp.

No major reason why besides, it is sales!!! I just feel like spending some money, same as others would go to a shop and buy themselves clothes or cars. The only stock I plan on selling when things pick up is FBN.

Goodwill hunting...

Sales is good! Now is the time to spend some money, FBN are you ready to be sold? I see lots of lovers for you here...

Lol! What started as a bit of banter between Peter, Locodemy, Ihedioramma and Big Smart Guy has turned into a full blown out nuclear war of words between you people.

Everybody is just angry in this country. Wetin happen?

Make una dey calm down. Banter is good as long as it's civil.


We have made money and we are making more money this year!!!

richie9093:
Lol! What started as a bit of banter between Peter, Locodemy, Ihedioramma and Big Smart Guy has turned into a full blown out nuclear war of words between you people.

Everybody is just angry in this country. Wetin happen?

Make una dey calm down. Banter is good as long as it's civil.


We have made money and we are making more money this year!!!

making money is useless when one becomes angry
Cheers and enjoy your loots

Please Good people of this thread, pls am thinking of investing in stock exchange, pls I will like someone to brief me on how it works ..thanks and God bless you.

Princkez:
i entered last year and im still in,thanks...ONE LOVE

bro plz I will like to knw how to invest in stock and the possible effect and benefit.. Thanks my number on whatsapp 07032039094

Hello everyone. I wish to appreciate you all for the information being disseminated on this forum. I strongly believe a lot of lives have been transformed for the better via this very insightful forum. Although i am relatively new, both on this forum and trading in stocks as a whole, i intend to trade on a weekly bases (say buy on Monday and sell on Friday). Can anyone assist with stock recommendations for the week? or are they sites i can visit for such information from time to time? I will appreciate any assistance I can get from here.

MARTINS630:
Hello everyone. I wish to appreciate you all for the information being disseminated on this forum. I strongly believe a lot of lives have been transformed for the better via this very insightful forum. Although i am relatively new, both on this forum and trading in stocks as a whole, i intend to trade on a weekly bases (say buy on Monday and sell on Friday). Can anyone assist with stock recommendations for the week? or are they sites i can visit for such information from time to time? I will appreciate any assistance I can get from here.

justineu:
Please Good people of this thread, pls am thinking of investing in stock exchange, pls I will like someone to brief me on how it works ..thanks and God bless you.

Steps the two of you need to take;

1. Define your investment objective: do you want to buy for short term or long term

2. Stock market is not a Ponzi scheme as such it requires having knowledge of the market dynamics, micro and macro economics at large. To acquire knowledge, go and start reading from page 2000...It contains thoughts and experiences of members you need to start.

3. Don't be a stranger to investopedia, and other financial news and informative websites.

4. Start small as stock trading is very risky. You can loose money and as well gain money if intuition, caution and diligence is not applied. So, I will advise, as the saying is on the forum, you start with money you can afford to loose, say like N50k.

5. Never be tired asking questions on this forum...It costs nothing except data ...

6. Don't give out your email address or Phone number...it's not encouraged on this forum.

7. Good luck.

N

MARTINS630:
Hello everyone. I wish to appreciate you all for the information being disseminated on this forum. I strongly believe a lot of lives have been transformed for the better via this very insightful forum. Although i am relatively new, both on this forum and trading in stocks as a whole, i intend to trade on a weekly bases (say buy on Monday and sell on Friday). Can anyone assist with stock recommendations for the week? or are they sites i can visit for such information from time to time? I will appreciate any assistance I can get from here.

You will quickly develop high blood pressure using the pattern of buying on Monday and Selling on Friday. Stocks investing is for the PATIENT. Use funds that you can afford to forget for a while (if possible 2 yrs), not what you need weekly. It's not like buying and selling crayfish. I made returns this year for stock investments I made since 2015. A lot of good stocks have been recommended in this forum FBNH, DANGOTE FLOUR, TRANSCORP, FIDELITY, FCMB, DIAMOND, UACN, FLOUR MILLS, TOTAL, etc. Most of these stocks previously battered are retracing northwards, so don't scared by occasional pullback. Stocks don't move in a straight line. Again JIJO is tedious, keeps you anxious, sometimes you end up losing profits and good positions. Happy investing

safepaulooo:
N

You will quickly develop high blood pressure using the pattern of buying on Monday and Selling on Friday. Stocks investing is for the PATIENT. Use funds that you can afford to forget for a while (if possible 2 yrs), not what you need weekly. It's not like buying and selling crayfish. I made returns this year for stock investments I made since 2015. A lot of good stocks have been recommended in this forum FBNH, DANGOTE FLOUR, TRANSCORP, FIDELITY, FCMB, DIAMOND, UACN, FLOUR MILLS, TOTAL, etc. Most of these stocks previously battered are retracing northwards, so don't scared by occasional pullback. Stocks don't move in a straight line. Again JIJO is tedious, keeps you anxious, sometimes you end up losing profits and good positions. Happy investing

To add to the bolded, 2years should be subject to periodic review, say like every 6 months based on experience...The risk and uncertainty pervading Nigeria business space calls for intermittent portfolio assessment in monitoring one's investment by not waking up to hear about the demise of the company or one's investment has been eroded...This is very key to me.

On JIJO (trading), it's part of the market dynamics coz everybody need not be an investor. People have their own strategy and the choice is theirs to decide what they want and not that you will be discouraging the poster...Whether short or long, market generally comes with its own psychological and emotional effect on traders and investors...The upside of being a trader is the fact that the profit an investor will realize at maturity he would have made at least twice of it at minimum...

So, I will rather advise the poster to decide on the route he wants to take because it is his own sole responsibility after providing an unbiased guidance

[quote author=Coolcash1 post=57409865]



Yeah 6 months review of portfolio is fine. Weekly JIJO should be discouraged. That really isn't the philosophy of the stock market trading. Short-term trading is at least 2 months. One should have either short, medium or long term approach. Weekly JIJO is for crayfish sellers, it doesn't help the market stability and general wellbeing of the individual. But who am I to dictate what another does with his funds. This is just my own opinion

Thanks alot safepaulooo, i deeply appreciate.

Pls i need more information regarding diamond bank stocks as well as other penny stocks in which i wish to invest in the long run.

safepaulooo:
N

You will quickly develop high blood pressure using the pattern of buying on Monday and Selling on Friday. Stocks investing is for the PATIENT. Use funds that you can afford to forget for a while (if possible 2 yrs), not what you need weekly. It's not like buying and selling crayfish. I made returns this year for stock investments I made since 2015. A lot of good stocks have been recommended in this forum FBNH, DANGOTE FLOUR, TRANSCORP, FIDELITY, FCMB, DIAMOND, UACN, FLOUR MILLS, TOTAL, etc. Most of these stocks previously battered are retracing northwards, so don't scared by occasional pullback. Stocks don't move in a straight line. Again JIJO is tedious, keeps you anxious, sometimes you end up losing profits and good positions. Happy investing

Woow, i am humbled. I cant thank you enough. I truly need good professional advice from you all. I love this forum.

Coolcash1:


To add to the bolded, 2years should be subject to periodic review, say like every 6 months based on experience...The risk and uncertainty pervading Nigeria business space calls for intermittent portfolio assessment in monitoring one's investment by not waking up to hear about the demise of the company or one's investment has been eroded...This is very key to me.

On JIJO (trading), it's part of the market dynamics coz everybody need not be an investor. People have their own strategy and the choice is theirs to decide what they want and not that you will be discouraging the poster...Whether short or long, market generally comes with its own psychological and emotional effect on traders and investors...The upside of being a trader is the fact that the profit an investor will realize at maturity he would have made at least twice of it at minimum...

So, I will rather advise the poster to decide on the route he wants to take because it is his own sole responsibility after providing an unbiased guidance

@safepauloo, I guess the use of "crayfish seller" might be too harsh.

All the same I appreciate you.

[quote author=safepaulooo post=57410165][/quote]

Thank you @coolcash1. You are kindhearted. God bless you so much. I wish i can have a more one on one with you via watsapp or other social media platform

Coolcash1:





Steps the two of you need to take;

1. Define your investment objective: do you want to buy for short term or long term

2. Stock market is not a Ponzi scheme as such it requires having knowledge of the market dynamics, micro and macro economics at large. To acquire knowledge, go and start reading from page 2000...It contains thoughts and experiences of members you need to start.

3. Don't be a stranger to investopedia, and other financial news and informative websites.

4. Start small as stock trading is very risky. You can loose money and as well gain money if intuition, caution and diligence is not applied. So, I will advise, as the saying is on the forum, you start with money you can afford to loose, say like N50k.

5. Never be tired asking questions on this forum...It costs nothing except data ...

6. Don't give out your email address or Phone number...it's not encouraged on this forum.

7. Good luck.

MARTINS630:
@safepauloo, I guess the use of "crayfish seller" might be too harsh.

All the same I appreciate you.

. Crayfish sellers is more or less the pseudonym for weekly JIJO. Companies need not be traded that way. Imagine how the company register of shareholders will look like and the registrar who keeps updating JIJOist. Common commodities like crayfish are traded that way. No hurt intended.

MARTINS630:
Thank you @coolcash1. You are kindhearted. God bless you so much. I wish i can have a more one on one with you via watsapp or other social media platform

Don't worry we are here to help ourselves...Any info you need just post it here for two reasons;

So that rookies can learn too and

Other experienced members can contribute as well from another perspective.

Good luck!

MARTINS630:
Thank you @coolcash1. You are kindhearted. God bless you so much. I wish i can have a more one on one with you via watsapp or other social media platform

There is no need for watsapp or other social media platform...this forum is filled with so many intellectuals in stocks business..

Always ask your questions openly and you will get answers from gurus here....as you may regret any private chart with any individual in this faceless forum..

As oga coolcash has said...start with N50k and learn how to trade first....dont forget you can loose your money or profit from your investment....can you withstand loosing money and do not panic...

My rule is I never loose or profit until i sell my share.....all the profit or loss are paper gain or loss until i sell it.....for example, after buying FBNH shares 2years ago, i lost almost 700k within a week, i was not disturbed because i know patience is the key....i kept on buying more FBNH shares....today, the profit i have made in the same FBNH share is much....as i always said, if you cannot have patience in stock excange, you may keep loosing money..

All the best in your investment as you start this journey.....meet you at the top...

ukay2:


There is no need for watsapp or other social media platform...this forum is filled with so many intellectuals in stocks business..

Always ask your questions openly and you will get answers from gurus here....as you may regret any private chart with any individual in this faceless forum..

As oga coolcash has said...start with N50k and learn how to trade first....dont forget you can loose your money or profit from your investment....can you withstand loosing money and do not panic...

My rule is I never loose or profit until i sell my share.....all the profit or loss are paper gain or loss until i sell it.....for example, after buying FBNH shares 2years ago, i lost almost 700k within a week, i was not disturbed because i know patience is the key....i kept on buying more FBNH shares....today, the profit i have made in the same FBNH share is much....as i always said, if you cannot have patience in stock excange, you may keep loosing money..

All the best in your investment as you start this journey.....meet you at the top...

My very same experience with FBNH. Patience is key

safepaulooo:


My very same experience with FBNH. Patience is key

Patience is key where fundamentals are right.
Exit with lightening speed if the company's managers are digging a hole..

BullBearMkt:

New week
- looking forward to the 3 penny banks !
- all 3 closed above 1.40 wt decent volume
- i like d price breakout here !

fxuser:


New week
- looking forward to the 3 penny banks !
- all 3 closed above 1.40 wt decent volume
- i like d price breakout here !

Reprisal:
I will divide my army into three formations tomorrow and ask each unit to attack from all fronts again.

NB: Loco, take note before you later say I sold before....
When hazy, I pull my army aside until the haze is cleared. I love each member of my army units individually and never treat them as a group of objects again. I hate loosing any member..
I never insist to fight in ALL weather conditions...