l need advice

emmanuel ewumi · #1 (**permalink**) 15th July 2008, 02:18 PM

Just got a facility of N30 million to trade for 360days with opportunity to roll over for another 360 days.
Although l have done my research on 4 stocks to buy before the end of July,
l need advice from members of the forum on what to buy,and why l should buy.Your contributions will be highly appreciated,l will definitely pay for consultancy.

billions · #2 (**permalink**) 15th July 2008, 03:21 PM

Quote:

Originally Posted by emmanuel ewumi

Just got a facility of N30 million to trade for 360days with opportunity to roll over for another 360 days.
Although l have done my research on 4 stocks to buy before the end of July,
l need advice from members of the forum on what to buy,and why l should buy.Your contributions will be highly appreciated,l will definitely pay for consultancy.

Oceanic bank...excellent growth with unbelievably low PE ratio of about 9.

I think d stock has a "support" at abt 22 naira...u shd be able to get it at N23.10 tomorrow.

...wish u well.

solainvest · #3 (**permalink**) 15th July 2008, 03:32 PM

Quote:

Originally Posted by emmanuel ewumi

Just got a facility of N30 million to trade for 360days with opportunity to roll over for another 360 days.
Although l have done my research on 4 stocks to buy before the end of July,
l need advice from members of the forum on what to buy,and why l should buy.Your contributions will be highly appreciated,l will definitely pay for consultancy.

My candid advice is that you should not take the facility for now. I see the bearish trend continuing for a while.

If it was your funds, it will be easier to advice.

Personally, I like Dangote Sugar & UBA. You entry point into this 2 is very important.

emmanuel ewumi · #4 (**permalink**) 15th July 2008, 03:55 PM

Quote:

Originally Posted by solainvest

My candid advice is that you should not take the facility for now. I see the bearish trend continuing for a while.

If it was your funds, it will be easier to advice.

Personally, I like Dangote Sugar & UBA. You entry point into this 2 is very important.

l have already taken the facility,the question is on what to buy.360 to 720 days is enough time to make handsome profit,even though the market is bearish.l think the most important thing should be on the stock to buy,entry price and the gestation period of the investment.

emmanuel ewumi · #5 (**permalink**) 15th July 2008, 03:57 PM

Quote:

Originally Posted by billions

Oceanic bank...excellent growth with unbelievably low PE ratio of about 9.

I think d stock has a "support" at abt 22 naira...u shd be able to get it at N23.10 tomorrow.

...wish u well.

Thanks,oceanic happens to be number 2 on my list of short listed stocks.

zainabusman · #6 (**permalink**) 15th July 2008, 09:02 PM

Quote:

Originally Posted by emmanuel ewumi

Just got a facility of N30 million to trade for 360days with opportunity to roll over for another 360 days.
Although l have done my research on 4 stocks to buy before the end of July,
l need advice from members of the forum on what to buy,and why l should buy.Your contributions will be highly appreciated,l will definitely pay for consultancy.

I must confess u must have a lot of confidence in this market to take a margin loan at this time. All the same ur risk is reduced because u are willing to wait at least 1 year.

I wish i had some of ur confidence. I wish u good luck. But be careful and make sure u have a good risk management plan in place.

chokit · #7 (**permalink**) 15th July 2008, 09:52 PM

Quote:

Originally Posted by zainabusman

I must confess u must have a lot of confidence in this market to take a margin loan at this time. All the same ur risk is reduced because u are willing to wait at least 1 year.

I wish i had some of ur confidence. I wish u good luck. But be careful and make sure u have a good risk management plan in place.

There are lot of confusion these days the market has dealt an unforgivable blow to my confidence. when are things coming back to normal ? or shall we forget this year? Anyway thank you so much for your help God bless.

ntom · #8 (**permalink**) 15th July 2008, 11:25 PM

Quote:

Originally Posted by emmanuel ewumi

Just got a facility of N30 million to trade for 360days with opportunity to roll over for another 360 days.
Although l have done my research on 4 stocks to buy before the end of July,
l need advice from members of the forum on what to buy,and why l should buy.Your contributions will be highly appreciated,l will definitely pay for consultancy.

those who ventures wins, buy redstar at 6.3 you are gurrantee .25k, with less than 600m shares it will be easy for them to mop when the decide to come for ipo. before the end of this year,, no matter how strong the bears is you are sure of 2.00k, and pls keep my 30% as you promise.

zainabusman · #9 (**permalink**) 15th July 2008, 11:25 PM

Quote:

Originally Posted by chokit

There are lot of confusion these days the market has dealt an unforgivable blow to my confidence. when are things coming back to normal ? or shall we forget this year? Anyway thank you so much for your help God bless.

Please forget this year for ur own peace of mind. If it turns out postive that will be great. Otherwise next year is less than six months away. Buy which time things will improve. Hopefully!!!

emmanuel ewumi · #10 (**permalink**) 16th July 2008, 01:55 PM

Quote:

Originally Posted by billions

Oceanic bank...excellent growth with unbelievably low PE ratio of about 9.

I think d stock has a "support" at abt 22 naira...u shd be able to get it at N23.10 tomorrow.

...wish u well.

Thanks l bought some units of Oceanic today.

emmanuel ewumi · #11 (**permalink**) 16th July 2008, 02:00 PM

Quote:

Originally Posted by zainabusman

I must confess u must have a lot of confidence in this market to take a margin loan at this time. All the same ur risk is reduced because u are willing to wait at least 1 year.

I wish i had some of ur confidence. I wish u good luck. But be careful and make sure u have a good risk management plan in place.

l think it is very risky not to enter,or plan to enter the market.The time frame of the investment decision,will definitely take care of price fluctuation.
Trying to time this market could be futile.

kokoko · #12 (**permalink**) 19th July 2008, 01:12 PM

Quote:

Originally Posted by emmanuel ewumi

Thanks l bought some units of Oceanic today.

I admire your optimism so let me ride on your coattails

. What else have you bought or planning to buy apart from Oceanic?

billions · #13 (**permalink**) 19th July 2008, 02:10 PM

Quote:

Originally Posted by emmanuel ewumi

Thanks l bought some units of Oceanic today.

Thx...i hope to buy some on Monday.It is a good stock,even if it falls...i will buy more but i dont expect much fall from d current price.The harvest time shd be early next yr.

I have not decided on d number of units to buy but it is likely gonna be more dan my initial budget.

threecrown · #14 (**permalink**) 19th July 2008, 06:01 PM

Quote:

Originally Posted by emmanuel ewumi

l think it is very risky not to enter,or plan to enter the market.The time frame of the investment decision,will definitely take care of price fluctuation.
Trying to time this market could be futile.

One can not but enter at the current prices but i advice you buy in small volumes at a time.

emmanuel ewumi · #15 (**permalink**) 21st July 2008, 10:42 AM

Quote:

Originally Posted by kokoko

I admire your optimism so let me ride on your coattails

. What else have you bought or planning to buy apart from Oceanic?

Planning to buy more of Skye bank.

emmanuel ewumi · #16 (**permalink**) 21st July 2008, 10:47 AM

Quote:

Originally Posted by billions

Thx...i hope to buy some on Monday.It is a good stock,even if it falls...i will buy more but i dont expect much fall from d current price.The harvest time shd be early next yr.

I have not decided on d number of units to buy but it is likely gonna be more dan my initial budget.

l agree with you that harvest time should next year.What is your fair valuation for oceanic bank,l have minimum of N30.