Nonso Azike

[Moe @Mochievous]

This is a dangerous stereotyping and no part of it is funny. @Trevornoah should know better than this.

The story sounds a bit off. And if it did happen, I’m certain Nigeria wasn’t the only country where said vulnerability was exploited.

[-valar morghulis- @eldivine]

Everyone is complaining about how to raise money. Please, if you want to raise money as a Nigerian business and you have between N100m and N1B in revenue, you're profitable, and have at least 3 years of financial records please send an email to [email protected]

We would like to speak to you.

In your email include the name of your company, the location and what it does.

We have many people in Nigeria and diaspora willing to give you money.

Don't say we never did anything for you.

(Please retweet for reach. Thank you).

[Chukwuedozie Nwa Charlie @TheCharlesIsidi]

@RaminNasibov Virtual cop.

[Oserin💖✨ @DamilohunA]

STOP SENDING ME DMs o. It’s Monday morning soon, I need to see my paying clientele please.

The files are here https://t.co/qyKZjOUee1 🩷

[Sam Adeyemi @sam_adeyemi]

The trauma that Nigerians continue to endure is profound. Currently, 46 children and their teachers remain in the hands of their kidnappers, with one teacher already dead. The unimaginable plight of these individuals is a source of extreme distress for their families.

[Atedo Peterside @AtedoPeterside]

How can the result of a Party Primary emerge even before it has taken place? @iamHSDickson @PeterObi @KwankwasoRM
and others in the @NigeriaNDCHQ should note that their every action in the NCD Primaries is being watched by thousands of Nigerians. Tis one thing to complain about undemocratic practices when you are the victim. Dishing out the same stuff to @AishaYesufu or any other aspirant will destroy your growing credibility before it even blossoms

[derek guy @dieworkwear]

A lot of attention is paid to craft traditions in Western Europe and North America, such as handsewn Hermes leather goods and bespoke Savile Row suits. But the uneven focus leads some to believe that things made outside of these places are low quality.

This is not true. 🧵

[Oyinkansola Alabi (Dr.) @EmotionsDoctor]

@Letter_to_Jack Over 500 Parents have downloaded this emotional intelligence comic for their children and teenagers, you should too https://t.co/aFv9yek25l

[Ewgi @Ssaasquatch]

Haven’t shared this before, but a lot of people ask me how I do it, so here goes:

Long-dated options, or LEAPS, are a powerful way to aggressively compound portfolio gains if you have high conviction about the future price of a stock. I have personally made a lot of money doing this. Yes it works!

LEAPS gives you opportunity to control at least 100 shares of a stock without owning them. I use this mostly for swing trades I plan to dump in <1 year or two. No point doing this for long term holds.

Eg: A stock trades at $10 and you believe it can hit $20 within a year, Instead of spending $1,000 to buy 100 shares, you buy 3 call contracts with $11 strike (will explain this later), expiring roughly a year from now. Some people do short dated ones too. That’s fine as look as it’s not too short. You need time for your thesis to play out. Avoid ODTEs if you know what’s good for you except you’re an idiot.

Assume premium is say $3 per share? Each contract would cost: $3 x 100 = $300. 3 contracts would cost: $300 x 3 = $900. Total cost = $900

Now suppose the stock doubles to $20 in one year, just as you projected.

Each contract is now worth:

($20 - $11) x 100 = $900. Meaning 3 contracts you bought would be worth $2700

Summary:
Initial cost: $900
Final value: $2700
Profit: $1800

Assuming you bought the stock outright:
100 shares at $10= $1k. If the stock goes to $20, your shares are worth $2k. Profit: $1k.
In other words, LEAPS compounded your returns with lesser capital and vice versa.

Are there risks involved ? Of course. A lot of risk.

If the stock does not rerate meaningfully higher, you can lose most or all of your capital.

A wise man once said, “Leverage is for idiots.” and he wasn’t exactly wrong.

This isn’t something you YOLO, and definitely not with a large chunk of your port. I personally never risk more than 10% of my port (Okay fine, I’m lying. It goes as high as 20% sometimes)

You only use LEAPS when your conviction is extremely high and you believe the stock can rerate aggressively to the upside.

Now here’s the real alpha:

How do you manage risk and find the right stock for this kind of bet?

This is the filter that has consistently worked for me:

1. I like beaten down assets with improving business margins ie Growing revs & bottom line, positive or improving EBITDA (adj), and a low D/E ratio.

On the technical side, the stock should be trading within say 10% of their 52-week low, RSI below 40, and sitting on key support across all long timeframes.

The goal is to always find a mispriced asset, not to catch a falling knife.

2. Buy around 10% OTM strikes ie If a stock is at $10, I’m looking around the $11 strike.

That way, the stock only needs to move above the strike plus the premium paid for the trade to become profitable. If you buy very far OTM strikes, you can still lose money even if the stock moves meaningfully higher. This is essentially baba ijebu.

3. Theres no point holding the contract into the final 60 days unless it is already deep ITM and you are comfortably profitable. Read up about something called thetas and option decays.
At that point, either sell it, roll it, convert to shares, or take the loss on the chin. You live to fight another day.

4. Only buy LEAPS when implied volatility is low cos Low IV = cheaper premium. Thats when LEAPS make the most sense cos you don’t want to overpay for optionality, then be directionally right and still get hurt cos IV compresses.

My current LEAPS:

$HIMS
$SOFI

As always, This is not financial advice. Just sharing what works for me.

There are tons of tutorials on YouTube that explain the mechanics better, but take this as a primer.

You’re welcome :)

[Oistien van Mowo @Oistien_VanMowo]

Orient Bambino V2
This is your quintessential entry level dress watch. Picture yourself in suit or well tailored kaftan...Yeah, it's a stunner.

✔️38mm Stainless steel case
✔️Green dial with Roman Numerals
✔️Date window
✔️Automatic movement
🏷💵 ₦5️⃣2️⃣0️⃣,0️⃣0️⃣0️⃣

[Adedayo Agarau @adedayoagarau]

I’ve spent the past couple of weeks building Looters: a public archive of Nigerian political corruption since the 1990s.

Governors, ministers, shell companies, Swiss accounts, the Jersey trusts, — one searchable graph.

You too can connect the dots: https://t.co/faIfzWfAIp

[dára sobaloju @darasoba]

Pastor Dolapo Lawal teaching with Pewbeam AI’s Bible presentation software last week was a very delightful couple of seconds.

[Esther Ubak 🦋 @Audreys_Crafts]

I’m Stranded in Lagos guys
I Need Your Support 🙏

Hi, my name is Esther Ubak. I came all the way from Akwa Ibom State to Lagos for an exhibition, full of hope and excitement, dreaming that this trip would open doors for my craft and creativity.

I’m a startup without funding anywhere, and to make this trip possible, I had to borrow money from friends, gather materials, and cover my travel expenses, all with the hope that the exhibition would be a success.

But things didn’t turn out as I expected. The exhibition didn’t go as planned, and now, I’m faced with the reality of having to refund every single amount I borrowed.

I really need the support I can get right now.

So here I am, still in Ajah, Lagos, with all the beautiful, handcrafted, upcycled pieces I brought along. I cannot go back home until they are sold, and every piece carries the love, time, and creativity I poured into it.

Below this post are the products available for pickup, each with its price tag clearly displayed.

So If you’re in Lagos and love unique art, this is your chance to grab something special.

📍 Location: Ajah, Lagos
📲 To order: Screenshot your favorite piece(s) and DM me on WhatsApp: [phone]

If you can’t afford a piece right now, you can still share this post, refer a friend, or invite someone who might love them. Your support, big or small really means the world and can help turn this setback into a blessing. 🙏

[D.O @davidicdoc]

your spirit is your God-provided Divine Insight Search Engine for googling the blessings God’s tagged as yours🫵 in God’s RICH spiritual multiverse🤩
Prov 20:27 + Eph 1:3 + 1 Cor 2:11-16

the problem: u r better an AI-prompt engineer than u r a spiritual one, WHICH IS BY FAITH!🙌

[D.O @davidicdoc]

God’s Holy Spirit—your🫵Helper—is God’s own Insight Search Engine for googling the DEEPEST layers of God’s RICH spiritual multiverse—ON YOUR BEHALF!🤩

the problem: you don’t leverage spiritual prompt-engineering that His Spirit uses to BEAR YOU🫵 UP! Rom 8:26 says so VERBATIM!🤩

[Victoria @Victoria1439162]

Guys having Christian friends who pray for you is a big flex, so yesterday my roommate was supposed to undergo a surgical procedure on her eyes, she was booked for yesterday, and one of us insisted we do a joint agreement, she felt reluctant but we all insisted

[Megwara Favour @M4mega]

We can vote this man out…
No one is above the collective will of the people!

[Chidi Okereke @Chydee]

this campaign of calumny against Tunde O is lazy at best.

not everyone has the luxury of alignment. some people do work that cuts across divides - work that may collapse the moment it’s seen as partisan. in that position, neutrality is not cowardice; it’s a requirement for the work to survive and achieve its objectives.

“but he has taken a side”.

meanwhile, it’s a picture with the president of his country. an honorary ambassadorship from his state. opportunity to speak with young people (his primary target) at an event - organized by the president’s son.

guess who else has a picture with the president. guess who else is a sports ambassador for Ogun state. guess who else was invited to speak at that event (Tunde didn’t even attend) that people are not dragging.

what are we doing?

if you’re doing impactful work, people across political divides will court you. people across the world will court you. you will be in rooms with people you like and those you loathe. and for the sake of the work, you will chest it.

because the work is bigger than your personal politics.

and the idea that he needs Nigeria to stay bad so he can have more slum kids is … laughable. his work isn’t about preserving slums. it’s about developing people - through chess - discipline, how they think, opportunity, etc. that doesn’t disappear if things improve. and no matter who the president is, Nigeria will never run out of underserved communities. infact, the world will never run out of it.

you’re forcing politics on something that isn’t built for it. and judging a constraint you don’t carry.

if you think you’d do it differently, oya do it. build something impactful, take your stance, and sustain it.

until then, it’s just noise. lazy noise. 🙂‍↔️

[tyro @DoubleEph]

@Damocleansword @AfroVII There are non obvious waste. Posted this earlier. It talks about a lot of waste that could have gone into things like pharma or even consumption https://t.co/N4cSw9CQyE

[Nonso Azike @AzikeNonso]

@eldivine @seunosewa @hisanigeria @HisaApp Also the https://t.co/niOG1UDUob URL does not redirect to Hisa.