Mcy56:
I can never buy Sterling bank even if its returning 2000% profit. No need to ask me why, its my personal decision.

Which one are you buying?

PETERiCHY:


Expect a NEGATIVE CHAIN REACTION in other TIER 2 BANKS.
SMART MONEY will start bailing out from others tier 2 banks ei FIDELITYBK. FCMB. STERLINGBK. to wait for DIAMONDBK at their ROCK BOTTON price which I learnt is 21kobo.

BARGAIN HUNTERS TAKE NOTE.

*ThE OcToPuS*

SMART MONEY now on the SIDELINE patiently waiting for FCMB & FIDELITYBK @ #1:40 & #1:70 respectively.
BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Hello guys
Is it advisable to invest in skyway Aviation Handling Company plc (SAHCO) INITIAL PUBLIC OFFERING of 406,074,000 Ordinary shares of 50 kobo each at N4.65 per share.

Mcy56:
I can never buy Sterling bank even if its returning 2000% profit. No need to ask me why, its my personal decision.

Keep to your rules until you modify them.

There are stocks I don't trade, even when ALL the time frames align technically. I watch them grow like wild leaves, I still never regret missing out.

Insisting to make money from every stock that moves up is one sure sign of a trading account you will need a medical team hanging around when you are reviewing your trading records after some bad sharp turns in the general market.

Sudden price changes should never conspire with your emotions to hack your trading account.....

rationalmind:
Which one are you buying?

Dear friend, I'm buying what you are buying o.

Mpeace:
This guy. U no want pay school fees yet u want learn. Ok na, make we see wetin u go learn while sitting on the fence.

I only wish to learn lesson I can live to tell others about.
I hate tales that others do on your behalf.

DeRuggedProf:
Keep to your rules until you modify them.

There are stocks I don't trade, even when ALL the time frames align technically. I watch them grow like wild leaves, I still never regret missing out.

Insisting to make money from every stock that moves up is one sure sign of a trading account you will need a medical team hanging around when you are reviewing your trading records after some bad sharp turns in the general market.

Exactly @ the bolded.
That second bolded got me

koma1:
Hello guys
Is it advisable to invest in skyway Aviation Handling Company plc (SAHCO) INITIAL PUBLIC OFFERING of 406,074,000 Ordinary shares of 50 kobo each at N4.65 per share.

Depends.
If you are going to be given a board position, proceed....
Else, view it this way, if you are hungry and you need to eat, do you buy cooked beans or poisoned bean seeds meant for planting...
You are right either way. Each of them, at the right time MAY end up on your dining table.

PERSONALLY: I NEVER do IPOs. The psychological scars I got in 2006 are indelible...

Mcy56:

Dear friend, I'm buying what you are buying o.

Are you sure you are not buying what he is selling?

DeRuggedProf:
Are you sure you are not buying what he is selling?

That's where the problem is o, make I no go carry kaya ...... but as long as Nsempa dey, I go do my due diligence.
Worst, me too go offload it to Loco another person.

Godlylifeoneart:
Investment boss in tearful video apology over losses
21 November 2018 Business
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James Cordier apologised to his investors
Video caption James Cordier apologised to his investors
The boss of a Florida-based financial firm has made a tearful video apology to clients after bad bets on oil and natural gas prices wiped out their investments.

James Cordier blamed a recent bout of market volatility for the losses, which are set to destroy his firm.

"I truly invested your funds like you were family," he said in the 10-minute video posted on YouTube .

"I'm sorry that this rogue wave capsized our boat."

Natural gas prices enjoyed their biggest one-day percentage gain in eight years on Wednesday last week, only to suffered their largest one-day loss in 15 years the very next day.

Meanwhile, oil prices have also fallen sharply.

Mr Cordier is president of OptionSellers.com, based in Tampa, and co-wrote a book called The Complete Guide to Option Selling.

The company managed money for wealthy investors and specialised in options, which give investors the right to buy or sell at a pre-determined price.

OptionSellers said the losses were its "clients' private business. We are in communication with them."

It was not clear how much money the firm managed or the size of the losses. Mr Cordier said in his video that he had 290 clients.

However, the losses could total more than $150m, according to Ohio lawyer Jason Albin, who has been in contact with about 80 clients.

Mr Albin said he thought the trades, which in some cases involved retirement accounts, should not have been permitted because of the risk involved.

He is looking at taking legal action against INTL FCStone, the brokerage that cleared the bets on behalf of Mr Cordier's company.

INTL FCStone declined to comment on the claims.

The firm said accounts managed by Optionsellers.com were liquidated after "unprecedented volatility" in the oil and gas markets last week.

"Although well collateralized, accounts managed by a commodities trading advisor, Optionsellers.com, had to be liquidated as a result of these moves," the company said.

"Liquidation of these accounts was in accordance with our customer agreements and our obligations under market regulation and standards."

This is why I hate leverage margin trading and the derivatives market. Just buy stocks of good companies currently undervalued and hold! Lol! No need to do all this useless margin trades they are very dangerous.

DeRuggedProf:
How I wish the human system was designed with a physical button to switch off emotions....

Lol. We need them emotions, but when it comes to finances, you have to learn to switch it off.

Mpeace:
This guy. U no want pay school fees yet u want learn. Ok na, make we see wetin u go learn while sitting on the fence.

Coming to the NSE I played around for a while and I budgeted 10K that I will lose, just to see how efficient the market is and test some other things. By the time I was done, I lost a total of 5.7K in small dips and commission fees. I am glad about that small school fees though, it made me test the waters well, though I made tiny gains, commission fees canceled it out.

koma1:
Hello guys
Is it advisable to invest in skyway Aviation Handling Company plc (SAHCO) INITIAL PUBLIC OFFERING of 406,074,000 Ordinary shares of 50 kobo each at N4.65 per share.

If you don't have access to their books for you to get their intrinsic value, and you need other people's opinion for that, you are in the wrong place sir.

Mcy56:

That's where the problem is o, make I no go carry kaya ...... but as long as Nsempa dey, I go do my due diligence.
Worst, me too go offload it to Loco another person.

this table you are shaking,continue!

DeRuggedProf:


Depends.
If you are going to be given a board position, proceed....
Else, view it this way, if you are hungry and you need to eat, do you buy cooked beans or poisoned bean seeds meant for planting...
You are right either way. Each of them, at the right time MAY end up on your dining table.

PERSONALLY: I NEVER do IPOs. The psychological scars I got in 2006 are indelible...

Lol. Perfect advice.

DOLLARTEX:
this table you are shaking,continue!

DeRuggedProf:
Depends.
If you are going to be given a board position, proceed....

Wicked!

FCMB, fear factor setting in small small

This transcorp na one case study on its own. 20M bids can still drag price down even if its 500k offer.
Mpeace, you will have to wait for another round trip before you can sell.

Mcy56:
FCMB, fear factor setting in small small

Abeg, wetin una see for Diemond Bank biko?

Infinitisi:
ARM Securities does 1% brokerage commission but I don't use them. On Lead Capital my last trades before I left the market mid year were at 0.75% brokerage commission.

Which ARM Securities? Their charges is on the high side.

Godlylifeoneart:
Not true ARM securities charge 1.35%....100% sure. On both buying and selling.

You are right.

So far, na only Flourmill dey keep me standing. E be like say people don start to bake cake for December.

arduino:
Abeg, wetin una see for Diemond Bank biko?

Dying slowly. *Na joke o*

14.6M bids against 770k offer..... buyers converge between 78 to 85k, nobody wan buy high.

arduino:
So far, na only Flourmill dey keep me standing. E be like say people don start to bake cake for December.

DeRuggedProf:
There seems to be smart money hovering above the market, but refusing to settle.
This may be a good time to observe from BBM'S workshop, but not to meddle with his tools....
I have been trying very hard each day to restrain myself from using the molten wax and wicks lying on the floor to try forming some candlesticks to continue the present pattern.

You avoid much trouble when your prediction about the market is wrong and you apologise to the market on time before the market sends you a query.

They don't want to settle into the unsettled dust surrounding oil price

Oil price is key to the Nigerian economy and in turn the NSE. It's oil price that will determine the direction of the market now. OPEC and non-OPEC members have to act fast to cut output to bail out oil price.

China is a major buyer of oil. With their economy slowing, as a result of the trade war with the US, oil import will reduce substantially, further worsening the glut.

We are watching.

GonFreecss1:


Coming to the NSE I played around for a while and I budgeted 10K that I will lose, just to see how efficient the market is and test some other things. By the time I was done, I lost a total of 5.7K in small dips and commission fees. I am glad about that small school fees though, it made me test the waters well, though I made tiny gains, commission fees canceled it out.

Pple that go in and out at every shake will always lose to commissions. The worse part is that they don't realise it on time. 3% every now and then no be joke.

Mcy56:

Which ARM Securities? Their charges is on the high side.


You are right.

Lol. I was right then. There is no way, there will be cheaper commission fees elsewhere and people will not flock there.

Mpeace:
Pple that go in and out at every shake will always lose to commissions. The worse part is that they don't realise it on time. 3% every now and then no be joke.

It's actually almost 4%. I was not sad because I used the money to test the waters, I was even surprised I didn't use more than that.

Warren Buffet has said it, that fees can be a gain killer. That's why since then, if I buy a stock, I buy it with no intention to sell, I always buy companies I would be happy to buy more if they drop in price. This is key, I have always been preaching about good companies and buying in small amounts instead of large buying due to emotions.

GonFreecss1:


It's actually almost 4%. I was not sad because I used the money to test the waters, I was even surprised I didn't use more than that.

Warren Buffet has said it, that fees can be a gain killer. That's why since then, if I buy a stock, I buy it with no intention to sell, I always buy companies I would be happy to buy more if they drop in price. This is key, I have always been preaching about good companies and buying in small amounts instead of large buying due to emotions.

Like Fidelity. #runsaway

GonFreecss1:


It's actually almost 4%. I was not sad because I used the money to test the waters, I was even surprised I didn't use more than that.

Warren Buffet has said it, that fees can be a gain killer. That's why since then, if I buy a stock, I buy it with no intention to sell, I always buy companies I would be happy to buy more if they drop in price. This is key, I have always been preaching about good companies and buying in small amounts instead of large buying due to emotions.

You will soon learn sir by direct experience and you will figure out, those Oyinbos strategies of dollar cost averaging na hoax in Naija. I have been there before and I know better now except I have world Bank vault in my house to keep buying the dip.

Mpeace:
Like Fidelity. #runsaway

Why will someone like Fidelity? I am still trying to figure out what they are doing that others do not know?