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MTN Shares Pick Alert / My Stock Plays in US Stocks Market / Buying US Stocks From Nigeria (2) (3) (4)
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Re: Us Stocks Pick Alert by 4Play(m): 6:18pm On Apr 22, 2020 |
Tabuse20: I think a wait and see approach is appropriate if, like me, your investment horizon is to buy and hold stocks for up to a year. The markets bounced off the lows after the Fed injected liquidity but we need positive news about the covid-19 situation to move significantly higher. Otherwise, we are going to be in a stalemate (bouncing back and forth), and even retest the lows if the virus situation doesn't improve. It's the big tech stocks that I am keen on like, Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOG) for their strong balance sheets but even here I will exercise caution given the stalemate I noted. I also like Regeneron (REGN), Costco (COST), and Walmart (WMT) for their balance sheets. Unlike the aforementioned tech stocks, I suspect they can trend higher even in a bear market if the covid-19 crisis doesn't improve. PS: I think hyperinflation out of the question as the Fed's liquidity injection supports asset prices (good for stocks) but hardly flows into the real economy. We should pray to avoid deflation in the US. 3 Likes |
Re: Us Stocks Pick Alert by lucaschase(m): 7:18pm On Apr 22, 2020 |
OakPearl: Sorry to bring you back to this quote OakPearl. For Trove, I am trying to open the account, filled the forms, added the account and now inputting my debit card details, but I keep seeing "pin required" How do I input the pin |
Re: Us Stocks Pick Alert by OakPearl(m): 7:30pm On Apr 22, 2020 |
Bought INO at $7.36 on March 11th 2020. Sold today April 22nd 2020 at $11.57 with a tidy $1,500 net profit. 15 Likes |
Re: Us Stocks Pick Alert by OakPearl(m): 7:32pm On Apr 22, 2020 |
lucaschase: Your debit card (ATM) pin number and the 3-digit number behind it are required to complete the authentication process. |
Re: Us Stocks Pick Alert by OakPearl(m): 7:34pm On Apr 22, 2020 |
4Play: Your analysis is spot-on. The bolded retailers are currently flying as "man must wak" with or without covid-19. |
Re: Us Stocks Pick Alert by samuelson06(m): 8:00pm On Apr 22, 2020 |
OakPearl: Congrats sir and thanks for opening this thread. I'm completely new to this and would like to try. I want to ask, is there a way to watch your stocks appreciating or depreciating by cents/steps or you simply wake up to see it up somewhere putting you at gain or crashing suddenly putting you at loss? Can I know when to bow out without losing my investments? Can I sell my stocks anytime I want to do so? 1 Like |
Re: Us Stocks Pick Alert by thetelz(m): 8:39pm On Apr 22, 2020 |
Can one buy stock while market is open or it has to be after trading hours? |
Re: Us Stocks Pick Alert by YerYer: 8:44pm On Apr 22, 2020 |
OakPearl: Congrats bro. You were bold to buy that many shares and you held them for this long. You saw it rise to $9 then drop to $7. I bought a few call contracts on monday and I'm up 231%. I was planning to hold it till tomorrow but as I see you've sold your shares, make me sef no get greedy. I'm eyeballing another biotech stock GNPX, I will like to buy at $2.30/share. 2 Likes
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Re: Us Stocks Pick Alert by YerYer: 8:46pm On Apr 22, 2020 |
thetelz: You buy when the market is open. Market opens 2:30pm - 9PM naija time. |
Re: Us Stocks Pick Alert by YerYer: 9:05pm On Apr 22, 2020 |
Snapchat (SNAP) reported a blockbuster earning yesterday and the stock rallied 36% today! I had bought a few Pintrest (PINS) call options monday and they are up 88% as of right now. Other social media stocks are rallying as a result of Snapchat's earnings. Facebook (FB) is up over 7% today while Twitter (TWTR) is up over 10%. I guess it was to be expected that daily active usage and new subscriber numbers will be high since more people are stuck at home. My only skepticism is based on the fact that most of these social media companies make money based on ads revenue, so if businesses are shutting down, who's paying for ads right now? Maybe my reasoning is flawed but I will be watching this space, I might get into Twitter at this level. 3 Likes
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Re: Us Stocks Pick Alert by thetelz(m): 9:09pm On Apr 22, 2020 |
YerYer: Yeahh but I had to be held till the next opening by Trove so I was wondering 1 Like |
Re: Us Stocks Pick Alert by YerYer: 9:11pm On Apr 22, 2020 |
thetelz: Oh I'm not sure about Trove, but I will like to think the fill real time orders. Maybe others can chime in on this. |
Re: Us Stocks Pick Alert by Pesbest: 9:30pm On Apr 22, 2020 |
As a newbie in stock and option trading What are the basic things to know/learn first or rather how is the learning curve/path exactly for more informed trading decisions? Thank you sir. @yeryer @okapearl |
Re: Us Stocks Pick Alert by Tabuse20: 10:40pm On Apr 22, 2020 |
OakPearl: Oga OakPearl, make I send account number? jokes aside, you do know how to pick these penny stocks. More loot for you this year. Nice one |
Re: Us Stocks Pick Alert by Tabuse20: 10:48pm On Apr 22, 2020 |
4Play: Thanks for the analysis and stock picks, my strategy is almost similar to yours. I agree with you regarding the tech stocks as the growth horizon is very favourable. I have MSFT too, and the stock has rebounded well since the last dip. When you say deflation, how exactly could this play out, hypothetically? |
Re: Us Stocks Pick Alert by 1kinggy(m): 11:24pm On Apr 22, 2020 |
OakPearl: Doing it like a boss! |
Re: Us Stocks Pick Alert by seyisanya(m): 11:41pm On Apr 22, 2020 |
OakPearl:Every investor that bought most US stocks between mid-march and end of march are raking in a decent profit since early April while some doomsayers are screaming ''CASH IS KING'' from the rooftop. Congrats boss! I wish I could ''LIKE'' your comment more than once! 6 Likes |
Re: Us Stocks Pick Alert by YerYer: 1:04am On Apr 23, 2020 |
Pesbest: My brother everyone learns differently. When I started I watched a few videos on Udemy about stock investing for beginners. I started watching CNBC regularly and I browsed through Yahoo Finance. I tried reading a book about investing in stocks and I didn't get past the 20th page. Most people will suggest you start by reading books, there are several books about stock investment such as "The intelligent Investor"; "A Beginner's Guide To the Stock Market" or "The Little Book of Common Sense Investing." Any of these books should teach you the fundamentals to get started and they cost less than $20 on Amazon. You can pay for a course on Udemy.com, they cost like $10. I base most of my trading decisions on trends and sectors. For example during bitcoin's meteoric rise 3 years ago, every company who announced that they will be investing in crypto currency were rewarded by investors. So I rode the crypto wave that year until bitcoin dropped like a rock. Same with what I'm doing now with healthcare stocks particularly the ones that manufacture vaccines, ventilators or N95 masks, they are on an uptrend mainly due to the high demand during this pandemic. Another trendy sector is the stay-at-home stocks like Zoom (ZM), Teladoc (TDOC) , Livongo Health (LVGO), Chewy (CHWY), Docusign (DOCU), Papa John's (PZZA) ETC. For short term trades I follow the current trend, but for long term investment I keep a diversified portfolio of big cap stocks in different sectors. In summary, start reading or searching videos, then browse cnbc.com and yahoo finance for commentary. As always if you have any questions, you can always ask here on the thread, we are all learning as we go. 14 Likes 1 Share |
Re: Us Stocks Pick Alert by EngrIKEM: 5:36am On Apr 23, 2020 |
OakPearl:congrts sire, im a new baby here loving your progress,whats the minimum amount one can have in his account before thinking of buying shares and the least of shares one can buy? |
Re: Us Stocks Pick Alert by YUMMybitcoin(m): 6:46am On Apr 23, 2020 |
pls advise how do i register my account with expire id aand do i use credit can can i use an european id to identify an account open newly |
Re: Us Stocks Pick Alert by abuabdullah: 6:50am On Apr 23, 2020 |
OakPearl: CONGRATULATION[color=#006600][/color] |
Re: Us Stocks Pick Alert by Tabuse20: 8:13am On Apr 23, 2020 |
YerYer: Spot on, YerYer. I have improved on reading financials of companies via the methods you mentioned. Yahoo Finance is also a great resource too. I predict that this thread will also be a huge resource too moving forward as we all grow and read different, views opinion and picks from all. Well done too. |
Re: Us Stocks Pick Alert by YerYer: 2:37pm On Apr 23, 2020 |
Tabuse20: Keep grinding bro, you will be financially independent sooner than you know it. |
Re: Us Stocks Pick Alert by YerYer: 2:46pm On Apr 23, 2020 |
I just bought a few shares of Genprex (GNPX). This is a small biotech company and they currently have drugs in the pipeline to treat lung cancer and diabetes. This is a small cap stock that used to trade at $18 just two years ago. The chart looks good here and a move to $3 will value this company at over $100M. This is a very risky trade and it may not materialize. 3 Likes
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Re: Us Stocks Pick Alert by naijaman0817(m): 3:16pm On Apr 23, 2020 |
YerYer: Please tell me more about call options. It appears the return is attractive with low cash outlay and short term horizon. Can I trade options using Trove as am based in Nigeria? |
Re: Us Stocks Pick Alert by YerYer: 3:40pm On Apr 23, 2020 |
naijaman0817: In a nutshell when you buy 1 contact of a call option, its like you are paying a small premium to "borrow" 100 shares for a given period of time. If the stock goes up within that period of time, you can sell the contract and keep the gains. So yes the return can be really huge for a small percentage increase in the stock price but a small percentage decrease will cause a huge loss even as much as 100%. I realize that I trade more options for short term and currently I don't think any broker in Nigeria offer options trading. I try not to spam the thread with option trades so sometimes I buy a few shares if others want to follow in on the trade. |
Re: Us Stocks Pick Alert by xhuksy: 3:51pm On Apr 23, 2020 |
YerYer: Well done Yeryer. Please I'd like to know how you spot stocks before their price goes up. Thanks |
Re: Us Stocks Pick Alert by YerYer: 4:03pm On Apr 23, 2020 |
xhuksy: I work at night and sleep during the day. When I get home in the morning I tune into CNBC, listen to their commentaries and news about the market. But I pay particular attention to the scrolling thing at the bottom of the screen which lists stock symbols and the daily change in stock price. If I see a stock with a significant move up, I look it up to see if there's any recent news moving the stock higher. I now look at the chart to see if it's a new 52wk high or if the stock just shattered a recent price ceiling which could be a bullish sign that the stock will move higher and that former ceiling could be a new bottom. I glance at analyst recommendations as well as news articles related to the company from my broker. Sometimes the news articles mention other related companies in that sector that hasn't moved up as much and I might see that as a potential opportunity. Believe me even with all that, I still buy stocks that will still disappoint. No one can accurately predict the market. 9 Likes 3 Shares |
Re: Us Stocks Pick Alert by lexy2lexy: 4:55pm On Apr 23, 2020 |
I also bought few shares of GNPX, think it should do well. Also bought some units of Document Security Systems (DSS), gone up a bit today but who knows...... YerYer: |
Re: Us Stocks Pick Alert by suzzyrims: 7:07pm On Apr 23, 2020 |
[quote author=YerYer post=88771092] I work at night and sleep during the day. When I get home in the morning I tune into CNBC, listen to their commentaries and news about the market. But I pay particular attention to the scrolling thing at the bottom of the screen which lists stock symbols and the daily change in stock price. If I see a stock with a significant move up, I look it up to see if there's any recent news moving the stock higher. I now look at the chart to see if it's a new 52wk high or if the stock just shattered a recent price ceiling which could be a bullish sign that the stock will move higher and that former ceiling could be a new bottom. I glance at analyst recommendations as well as news articles related to the company from my broker. Sometimes the news articles mention other related companies in that sector that hasn't moved up as much and I might see that as a potential opportunity. Believe me even with all that, I still buy stocks that will still disappoint. No one can accurately predict the market.[/quote Thanks for this educative piece. Much love. 1 Like |
Re: Us Stocks Pick Alert by naijaman0817(m): 7:42pm On Apr 23, 2020 |
YerYer: Thank you very much for this prompt response and explanation of option trading. As you are familiar with option trading, may how covered call can help one mitigate again possible loss. Secondly do you know of any platform (broker) in the US through which someone in Nigeria can trade options. Lastly please be kind enough to tutor anyone that might want to explore this financial instrument. Cheers. 1 Like |
Re: Us Stocks Pick Alert by kunlef1: 8:23pm On Apr 23, 2020 |
abuhusna1: Yes, I did buy GTB shares with them in early March, and my trove wallet was credited with my dividend the same day GTB paid. The amount of stock will show on your portfolio just like the foreign stocks too. I intentionally chose not to use Chaka because I do not want the hassle of stockbrokers and CSCS. I do own GTB stocks offline too, and I have never received dividend for over 8 years. When I took a day off work to visit their registrar in Gbagada with a signed and stamped form, I was told that I need to still go back to my stockbrocker and CSCS to get some other forms signed and then bring it back because I purchased from the secondary market, so they do not have my signature on their file. Ofcourse I abandoned the effort to retrieve my unclaimed dividends again, maybe forever. But I will never have any direct dealings with Nigerian stockbrokers, registrar or CSCS again. Imagine having to go through that process for every company stock I own. It is just madness. So, except you are really planning to buy a lot of shares and keep for many years, which might be worth the hassle, Trove may be a better option. 1 Like |
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