currentprice:


you never see nothinng by the time guys peep into the audited report of some the compay by month end. you go see load of TumpD money queing pre-market

You hit the nail on the head.

This is a herd effect

^^
so now is the time to pick some good one before then

Market may pull back tomorrow so that people can alight. Monday may not be ok as well.

Let's see how next week will be.

currentprice:
^^
so now is the time to pick some good one before then

We go join there when we finish with the bad ones

currentprice:


but CFO of a company will never say negative things on where is choping now

...And that's why we always say that DD should always be ur companion.

Pls enough of the talk on Skye bank. ...So we don't run down on the many useful chat on this great forum.
Let's just allow TIME to put things in their perspective.

In the words of pa ihedi, ONE LOVE FOLKS !!

RabbiDoracle:
Market may pull back tomorrow so that people can alight. Monday may not be ok as well.

Let's see how next week will be.

By then support for diamond fcmb transcorp ati bebelo would be above 2; fidelity above 3
We take it from there

Agbalowomeri:


We go join there when we finish with the bad ones

currentprice:
^^
so now is the time to pick some good one before then

You mean BUY now?
even at these high prices.
Time to follow my ogas at the back.
oga currentprice need to explain himself here o.
The way you talk of fcmb and diamond bank audited results after bad Q3 results of both.
or you are using figures of speech?

RabbiDoracle:


Though we all suspected that something is happening there based on the news about AMCON acquiring bad loans from bank.

That news is not a good one in my opinion. Shareholders fund of this bank was almost wiped out from the last audited result. AMCON buying their bad loans implies, an allocation of a stake in Skye bank. Well, may be not but there was a substantial capital injection of N100B at take over. Market capitalization is less than N7B. By now, I expect current shareholders of the banks to be holding on to empty cans. Their shares are actually almost zero. The best deal for the shareholders of this bank will not even measure up to 30% of what Union shareholders got.

It's still very for possible to make 100% capital appreciation for JIJOists. Buy don't stake your capital in the stock for the hope of a better future sha.

Disclaimer: I could be sincerely wrong since I am not an insider.

Agbalowomeri:


By then support for diamond fcmb transcorp ati bebelo would be above 2; fidelity above 3
We take it from there

It looks like the matured Tbills rate today and the unalloted oversubscribed of yesterday Tbills has been pumped to NSE which is sustaining the rally. No time to do one year Tbills with low rate of 14.30% when guys can make it in 2 days in NSE.

Agbalowomeri:


By then support for diamond fcmb transcorp ati bebelo would be above 2; fidelity above 3
We take it from there

Fidelity would be hitting 3 by tomorrow then pull back.

In my first post in 2018, I mentioned FCMB, Eternal Oil and Gas, FBNH and Transcorp as the stocks to watch out for in the short term.

The companies have started delivering good returns to those who care, if you have reaped bountifully from these companies dont forget to pay your tithe or give to charity.

locodemy:


You mean BUY now?
even at these high prices.
Time to follow my ogas at the back.
oga currentprice need to explain himself here o.
The way you talk of fcmb and diamond bank audited results after bad Q3 results of both.
or you are using figures of speech?

He mentioned Access previously.

Disclaimer: You're the CFO of your portfolio o

DANGOTE FLOUR.....the conductor is still shouting....wole wole wole.....He will take baba blue at N17.00 then shout for the last price @ N20.00.............DD applied

currentprice:
oando sold 26m with nothin on offer at the moment, i hope nobody will tell us he got trap on this stock later

cc Tritri

Na wa ooh...Currentprice/Intendy u cant give me a call dat something is going on in oando ?

today is my child 1yr bday and i was busy...anyway i have put my 3.1M unit for sale ..hope it went through.

1 LUV.

My order is sold...sold with a lose of 4M plus

RabbiDoracle:
Market may pull back tomorrow so that people can alight. Monday may not be ok as well.

Let's see how next week will be.

After two(2) GAP UPS, the third day normally hit a resistance, heavy volumes come up early followed by FULL OFFERS then some RETRACEMENT.
The depth of the retracement is what actually concerns me. You may pull out at times and discover yourself chasing back the trains just like Fidelity, Dangsugar, DF and MAYBaker did last year.
The ACHABA fee (commissions) you may pay may forever annoy you or not....

Just entered market.......se my portfolio in GREEN ALL OVER........2018....OPEN DOORS

ONLY Cornoil PLC the disgrace my portfolio now........i go sell am go buy Eternal Oil Plc

samguru:
In my first post in 2018, I mentioned FCMB, Eternal Oil and Gas, FBNH and Transcorp as the stocks to watch out for in the short term.

The companies have started delivering good returns to those who care, if you have reaped bountifully from these companies dont forget to pay your tithe or give to charity.

So you no mention diamond? DF nko? what of Zenith? or Fidelity?
Oga guru na joke I dey o

tritritri:



Na wa ooh...Currentprice/Intendy u cant give me a call dat something is going on in oando ?

today is my child 1yr bday and i was busy...anyway i have put my 3.1M unit for sale ..hope it went through.

1 LUV.

My order is sold...sold with a lose of 4M plus

is part of the game. it a good time to have the cash for other promising stock than remain trap on what we can't predict it end

tritritri:



Na wa ooh...Currentprice/Intendy u cant give me a call dat something is going on in oando ?

today is my child 1yr bday and i was busy...anyway i have put my 3.1M unit for sale ..hope it went through.

1 LUV.

My order is sold...sold with a lose of 4M plus

Welcome to the world of cowboys and good baptism. I do not pity you fa because that is part of the game which teaches you to be ruthless.
Also that this zone is full of sweets and scorpions

RabbiDoracle:
Market may pull back tomorrow so that people can alight. Monday may not be ok as well.

Let's see how next week will be.

Like u said ogaoracle ..lets see how next week will be

Where do we go from here ..Take profit and come back to buy at higher prices with more donations to brokers and other fees like my FBNH danflour and uba OR wait for pull back and buy more , or deep pull back [if u re lucky it comes before results start coming ]

More homework to be done
Only if there could be just one more deep pull back to board buses

currentprice:


is part of the game. it a good time to have the cash for other promising stock than remain trap on what we can't predict it end

As you Avoided the call part..oya drop me a stock to buy with d cash now...meanwhile hope u were able to load back before the rally?

The bids are scary

FBNH movin forward

tritritri:



Na wa ooh...Currentprice/Intendy u cant give me a call dat something is going on in oando ?

today is my child 1yr bday and i was busy...anyway i have put my 3.1M unit for sale ..hope it went through.

1 LUV.

My order is sold...sold with a lose of 4M plus

Frankly I wouldn't have sold with a huge margin of loss if I were u. ...I do not like oando, neither do I plan to key in for now but with this coy, I believe the downside risk is now minimal. ...add that to the fact that oil prices have been on a steady rise and the company have been churning out good result recently, then it makes sense to assume that this was a wrong trade decision.
Yes oando may be embroiled in a sec issue now but if anyone believes that that alone can make it go under, then they can believe anything. ...Pls don't get me wrong, but in this part of the world, even things that have wrong signals written all over them can excel.
Dont be surprised if the suspension is lifted and the stock rallies. ...there's always the 'bug factor' about the Nigerian terrain that wins over proper cooperate governance.
So while it's not a bad idea to exit, I wouldn't have left that exit door with an over 4M loss.
But this is just me doing some random thinking.
I wish u the best on whatever action u take !!

locodemy:


I have even sold all @ 56kobo (few units )and 57 kobo (most).
Baba God.I thank you oh.
Not even dreaming to come back here again.

thanks Goodness i smell something fishsy n i join u n run out @56. u r now talking after selling... it is not good oooo

onegentleguy:


Frankly I wouldn't have sold with a huge margin of loss if I were u. ...I do not like oando, neither do I plan to key in for now but with this coy, I believe the downside risk is now minimal. ...add that to the fact that oil prices have been on a steady rise and the company have been churning out good result recently, then it makes sense to assume that this was wrong trade decision.
Yes oando may be embroiled in a sec issue now but if anyone believes that that alone can make it go under, then they can believe anything. ...Pls don't get me wrong, but in this part of the world, even things that have wrong signals written all over them can excel.
Dont be surprised if the suspension is lifted and the stock rallies. ...there's always the 'bug factor' about the Nigerian terrain that wins over proper cooperate governance.
So while it's not a bad idea to exit, I wouldn't have left that exit door with an over 4M loss.
But this is just me doing some random thinking.
I wish u the best on whatever action u take !!

What if he makes a good trade with the money (who knows when Oando suspension would be lifted?) and return to load twice the volume he had?

onegentleguy:


Frankly I wouldn't have sold with a huge margin of loss if I were u. ...I do not like oando, neither do I plan to key in for now but with this coy, I believe the downside risk is now minimal. ...add that to the fact that oil prices have been on a steady rise and the company have been churning out good result recently, then it makes sense to assume that this was wrong trade decision.
Yes oando may be embroiled in a sec issue now but if anyone believes that that alone can make it go under, then they can believe anything. ...Pls don't get me wrong, but in this part of the world, even things that have wrong signals written all over them can excel.
Dont be surprised if the suspension is lifted and the stock rallies. ...there's always the 'bug factor' about the Nigerian terrain that wins over proper cooperate governance.
So while it's not a bad idea to exit, I wouldn't have left that exit door with an over 4M loss.
But this is just me doing some random thinking.
I wish u the best on whatever action u take !!

Thanks brother..Ur right But why holding over 22M plus for over 5mth when i could average up now and recoup the 4m loss..dat why i took the decision.

Locodemy why did u sale skye ? Did u see the bids ? as long as ur happy selling no problem.

Agbalowomeri:


What if he makes a good trade with the money (who knows when Oando suspension would be lifted?) and return to load twice the volume he had?

tritritri:



Thanks brother..Ur right But why holding over 22M plus for over 5mth when i could average up now and recoup the 4m loss..dat why i took the decision.

in my opinion, that is the best thing to do right now, i will act same way if i am in your shoe cash is king. even if suspension lifted tomorrow and oando move to N10 i would't loose any sleep

let assume you have this opportunity 2 week ago and put the money on DF u will be counting your gain by now.

Agbalowomeri:
The bids are scary

oga Agba and other gurus in the house.I want to you guys to help me make a decision here.I know the time for the wise one to take profit and wait for pullback is near.

Is it better to sell Transcorp to buy fcmb at pullback or sell Transcorp to buy Transcorp at pullback?

Indecision is what I am battling with now.

I believe someone has gotten some information on OandO...because every offer is been cleared,I don't think anybody will be buying a stock on technical suspension with out any info attached to it.DD