Stock Market Tips For Nigerians

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Author Topic: Stock Market Tips For Nigerians  (Read 434197 views)
blueband (m)
Re: Stock Market Tips For Nigerians
« #15552 on: February 15, 2008, 01:52 PM »

Marco74,
No be only you don tire for psych work for oyinbo land.If we focus on drug and substance abuse we might make a killing.And above all,it is how you run your hospital that attracts the clients.In Nigeria doctors run hospitals as if it is not a business!
aktopgun (m)
Re: Stock Market Tips For Nigerians
« #15553 on: February 15, 2008, 01:57 PM »

Quote from: marco74 on February 15, 2008, 01:50 PM
blueband and aktopgun r u guys really serious about a psych clinic in nigeria?people go pay??maybe if u major for psychotherapy that will work.u know people dey like pose with stuff like that especially for Nigeria.imagine saying i dey go see my "therapist" as e dey be 4 yankee!!as 4 me sha been doing it for 4 years plus in dublin,and honestly can't stand it anymore!!man wan run go do s/thing else!g/luck 2 u guys sha!!
by de way folks, pardon the digression

@marco, psychotherapy is an interest of mine. thinking now of doing a masters in Cognitive behavioural therapy but nairaland and NSE no gree me see road  Cheesy .

still haven't decided if its worth it because at the end of the day, the questio remains that is there somewhere outside of myself that the money to pay for the masters can profit me better. its worth keeping in touch though so we can decide whether to leave together and focus fully on Investing. for me sha the bottom line is how much is my bank balance when i die. i have gone beyond the stage of thinking adding alphabets behind my name is the essence of my life. No sir, i no need am to leave a legacy .
ololufemi
Re: Stock Market Tips For Nigerians
« #15554 on: February 15, 2008, 02:05 PM »

@ All the Peeps on nairaland,

Una know sey I don dey complain small about my cornershop broker but wetin I see today impress me. I go visit the guy na I'm I hear sey First bank credit my CSCS account with the PO offer though the Rights issue never land.

Gbosa, I sell everything collect check today since both transactions na 3 days,  as per Payment and check clearing.

The money don enter another stock wey Fatherof2 recommend.

E t poju Fatherof2.

As Fatherof2 don talk before, make your broker your friend and pay him a visit often.

You might just smile like this  Grin Grin Grin Grin Grin Grin Grin

ololufemi
Re: Stock Market Tips For Nigerians
« #15555 on: February 15, 2008, 02:08 PM »

@ All,

Group Managing Director, Nigerian National Petroelum Corporation (NNPC), Mr  Abubakar Yar'Adua, has said the Corporation and its Joint Venture Companies (JVCs) can  source funds from the capital  market to enhance their operations.
"This is the best option and an alternative arrangement for  funding JVC operations. The Federal Government, for  reasons of other  commitments, is finding it  difficult to fund operations  of the JVCs," Yar'Adua said  yesterday in Abuja.
The News Agency of Nigeria (NAN) quoted  the NNPC boss as saying borrowing from  the capital market would encourage good participation,  transparency and  accountability, in addition to  helping  the growth of oil production and  revenue.
Yar'Adua said NNPC was thinking of  developing the  sector from oil-to-oil and gas  industry, and  expressed  desire of the Corporation to reduce the level  of   government involvement in  business.
Yar'Adua also said NNPC  was ready to compete with other national oil companies  with global appeal, such as  Aramco, Statoil and Petrobras, adding that NNPC was vigorously  working to sustain the  Nigerian Local Content (NLC)  Initiative to encourage  indigenous fabrication and  related technology in oil and  gas.
"Already, about $350 million is  available for access by our  locals, to tap into the lots of opportunities," he said.




This is good news for the boys in the market because if oil money enter market or market money enter oil industry,

Your guess is as good as mine

Happy Investment Grin Grin Grin Grin Grin
invisible! (m)
Re: Stock Market Tips For Nigerians
« #15556 on: February 15, 2008, 02:13 PM »

the market is still open at 2.10pm? why arent they closed yet?
top 3 gainers oil majors? chevron +13.15, AP +13, total +8.87.
top losers f/mills -4, cadbury -2.85, RT briscoe -1.60, FBN was flirting at the losing side earlier at -2.48, but disappeared now.
UBA sold 65,234,143 units today, a trigger for something about to change! diamond also sold 101,193,970 units.

The market will still change as it is still open.
bibiking1 (m)
Re: Stock Market Tips For Nigerians
« #15557 on: February 15, 2008, 02:14 PM »

Quote from: aktopgun on February 15, 2008, 01:49 PM
bibi, i have been meaning to ask u, EMAs. i know a bit about them but i just wondered if u had any more insights on their use. i know they are lagging indicators and generally show the prevailing trend. as far as i know, ther's no prevailing consensus on the number of days to use eg 30day ema, 5 day ema etc. i tend to prefer EMA (exponential moving average ) to Simple moving averages,

what say u?

My Oga,
first things sha, the SMA's fall farther behind than the EMA's which tend to cling tighter to the prevailing trend. Thats the reason why the EMA"s are used more often by chart followers. As regards the use of the timeframe.
When you use timeframes that are too far apart, the reasons for using the moving average is defeated, as you get entry and exit points late (not good for CICOers at all).
Say for example u are using a 25 day and a 40 day EMA before you get a cross, the price might have reached an overbought region, making it too expensive for the short termer. But for the long termer, a very slow EMA and a fast EMA would be a fantastic mix(since Nigerian Securities gives us the luxury of only two MA's at a time)
Where the EMA"s form in relation to the market is always quite important, as it describes the current trend of events, and possibly future reversals.
There is however a fundamental indicator that i would have loved to have had on Nigerian Securities, That is the Fibonnacci. Its a very good tool to use allong side the MA's as well.

Chief AKTopGun,
Basically sha, using long time frames for EMA's gives you delayed entry point, and speculations become harder to make for the short termer, But very easy and reliable for the long termer.

Faster EMA"s say 5 day and 15 are very good for em CICOers Grin Grin Grin
aktopgun (m)
Re: Stock Market Tips For Nigerians
« #15558 on: February 15, 2008, 02:17 PM »

Quote from: bibiking1 on February 15, 2008, 02:14 PM
My Oga,
first things sha, the SMA's fall farther behind than the EMA's which tend to cling tighter to the prevailing trend. Thats the reason why the EMA"s are used more often by chart followers. As regards the use of the timeframe.
When you use timeframes that are too far apart, the reasons for using the moving average is defeated, as you get entry and exit points late (not good for CICOers at all).
Say for example u are using a 25 day and a 40 day EMA before you get a cross, the price might have reached an overbought region, making it too expensive for the short termer. But for the long termer, a very slow EMA and a fast EMA would be a fantastic mix(since Nigerian Securities gives us the luxury of only two MA's at a time)
Where the EMA"s form in relation to the market is always quite important, as it describes the current trend of events, and possibly future reversals.
There is however a fundamental indicator that i would have loved to have had on Nigerian Securities, That is the Fibonnacci. Its a very good tool to use allong side the MA's as well.

Chief AKTopGun,
Basically sha, using long time frames for EMA's gives you delayed entry point, and speculations become harder to make for the short termer, But very easy and reliable for the long termer.

Faster EMA"s say 5 day and 15 are very good for em CICOers Grin Grin Grin

i know the gist bibi, i know. i just prefer the 10 and 25 day ema personally, to avoid wrong signals
Mr. Risky
Re: Stock Market Tips For Nigerians
« #15559 on: February 15, 2008, 02:21 PM »

Quote from: pumping777 on February 15, 2008, 01:37 PM
See as I come miss this Deap Capital analysis patapata. After the mark down the price never gree drop! I never see today's closing price but I won't be surprised if na another increase  Huh Carry go jo o.

Don't know which gets better result - INSTINCT or TECHNICAL ANALYSIS.  I sent in a buy order to my broker to get me Deap Capital after mark down, but after reading someone here's opinion, it sounded right that I shouldn't go in yet.  So I cancelled the order immediately.  If I had listened to my instincts, I would be counting my gains right now. That aside, everyone makes this mistake.  The guy's reasoning too was rational. It can happen in a bullish season.

@Pumping777, please tell, how much do you know about this Deap Capital.  My knowledge to me is still scanty.  please holla back as usual.
bibiking1 (m)
Re: Stock Market Tips For Nigerians
« #15560 on: February 15, 2008, 02:23 PM »

Quote from: aktopgun on February 15, 2008, 02:17 PM
i know the gist bibi, i know. i just prefer the 10 and 25 day ema personally, to avoid wrong signals

The 10 and 25 are okay But i fear, that the updating of the charts on nigeriansecurities will be too slow for two slow EMA's
blueband (m)
Re: Stock Market Tips For Nigerians
« #15561 on: February 15, 2008, 02:29 PM »

Mr Risky,
I have had an order for DEAP CAPITAL since monday via cashcraft them never still fit execute am.I hear it is on a strong bid!
wynn
Re: Stock Market Tips For Nigerians
« #15562 on: February 15, 2008, 02:52 PM »

Has anyone confirm whether Africa Paints technical suspension lifted? I believe the stock hold good prospect as a new company is investing acquiring 60% stake in it.

At what price was Goldlink listed?
buzzgonz (m)
Re: Stock Market Tips For Nigerians
« #15563 on: February 15, 2008, 02:55 PM »

@ blueband
Sorry to ask what's DEAP CAPITAL, & Strong bid??
bibiking1 (m)
Re: Stock Market Tips For Nigerians
« #15564 on: February 15, 2008, 02:58 PM »

Quote from: wynn on February 15, 2008, 02:52 PM
Has anyone confirm whether Africa Paints technical suspension lifted? I believe the stock hold good prospect as a new company is investing acquiring 60% stake in it.

At what price was Goldlink listed?

my broker no see am buy last two weeks, while it was still on suspension,
as you don come broadcast am here, that means make i go kukuma withdraw my purchase order na.
Because i no go see am again till e don reach 30 naira

*whistling* i shall get there
bibiking1 (m)
Re: Stock Market Tips For Nigerians
« #15565 on: February 15, 2008, 03:01 PM »

Quote from: buzzgonz on February 15, 2008, 02:55 PM
@ blueband
Sorry to ask what's DEAP CAPITAL, & Strong bid??
chairman! you sure you in the right room?
 Huh Huh
yodiyokun (f)
Re: Stock Market Tips For Nigerians
« #15566 on: February 15, 2008, 03:05 PM »

Wetin happen,

Valentine never finish for the floor?Huh
loma (m)
Re: Stock Market Tips For Nigerians
« #15567 on: February 15, 2008, 03:05 PM »

Market never close?  Abi today no be Friday?
kauskey (m)
Re: Stock Market Tips For Nigerians
« #15568 on: February 15, 2008, 03:06 PM »

Quote from: buzzgonz on February 15, 2008, 02:55 PM
@ blueband
Sorry to ask what's DEAP CAPITAL, & Strong bid??
DEAP CAPITAL is one of the quoted companies on the Nigerian Stock Exchange.
A stock is said to be on STRONG BID when number of buyers strongly out-weighs number of sellers and its said to be on STRONG OFFER when the reverse is the case.
I hope i have answered on behalf of Blueband
buzzgonz (m)
Re: Stock Market Tips For Nigerians
« #15569 on: February 15, 2008, 03:09 PM »

bibiking1 - Omo which one come bi your own na, Na Learn We come learn here, i bow to your level oh.
which kind jamb question you come dey ask me? "Are you sure u re in the right room."

kauskey - God bless you, Na hummer jeep u go buy this year.
promotion (m)
Re: Stock Market Tips For Nigerians
« #15570 on: February 15, 2008, 03:14 PM »

Exerpt from Horus's Posting of « #777 on: May 05, 2007, 01:25 AM » on this Forum



Humans are prone to herd mentality. Often, people confirm with the actions and directions of other people. This is a common mistake in investing. An example of this is during the early 90s when dozens of dot com companies sld their stocks in the stock market. It created an artificial demand for stocks of companies that did not even provide real and concrete services.
These stocks soared in value as more and more enthusiastic investors bought them. This happened up until the time it was realized that these companies did not actually post any considerable profit to sustain the value of the shares. The stocks then tumbled and virtually lost value as investors frantically sold their shares.
This tendency to panic and depend on the direction of others is among the real causes of problems with the stock market.
There are two actions arising from this mentality:
a.) panic buying - b.) panic selling
Of the two, panic selling causes the most harm since it causes a steep and quick drop in the value of shares. The best way to avoid causing these problems is to practice due diligence and to keep a level head while investing.

Source: http://gold-finance.blogspot.com/2007/05/common-mistake-in-investing.html#links




Exerpt from Wanajo's post of « #8135 on: December 17, 2007, 08:26 AM » on this forum



No one really wants to lose money. Your risk appetite will be evident in your strategy which will govern the stocks you invest in. That's why Buffet will not invest in the dot com shares even with all the technical analysis pointing at an upward movement of the prices.

As you grow your portfolio, you will start to be defensive. Simply because staying where you are is far better than going down. However, for some, he that is down needs fear no fall.

So individual situation will affect your strategy.



These are words of advise from the elders. When you look at history you are better armed for today.

This message is not to the experienced investors. They know the basics and can even take funny risks when protected by diversification and correct risk ratios. It is to the young investors that see so much gain in the FUNDAMENTALESS penny stocks.

Someone here said maybe it's a dot com,well maybe!!!. The current situation is likely to play out like what happened with the wonder banks. But it's not likely to affect fundamentally sound stocks. Please be wise, don't be caught off guard.
Belewu
Re: Stock Market Tips For Nigerians
« #15571 on: February 15, 2008, 03:16 PM »

Na Till Day Break them wan do today for floor?
RoughCut (m)
Re: Stock Market Tips For Nigerians
« #15572 on: February 15, 2008, 03:17 PM »

Quote from: wynn on February 15, 2008, 02:52 PM

At what price was Goldlink listed?
N1.98
blueband (m)
Re: Stock Market Tips For Nigerians
« #15573 on: February 15, 2008, 03:18 PM »

buzzgonz
The question has been answered.Abeg make we no laugh anyone here o.We are all learning! Grin Grin Grin Grin

Meanwhile buzzgonz wetin I go buy this year?Pary for me too
buzzgonz (m)
Re: Stock Market Tips For Nigerians
« #15574 on: February 15, 2008, 03:24 PM »

LOL, No na Hummer i talk, Bros thanks for the answer nothing do you.
Abeg you dey online 4 YIM  i wan holla you. Grin
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #15575 on: February 15, 2008, 03:26 PM »

Quote from: Mr. Risky on February 15, 2008, 02:21 PM
Don't know which gets better result - INSTINCT or TECHNICAL ANALYSIS.  I sent in a buy order to my broker to get me Deap Capital after mark down, but after reading someone here's opinion, it sounded right that I shouldn't go in yet.  So I cancelled the order immediately.  If I had listened to my instincts, I would be counting my gains right now. That aside, everyone makes this mistake.  The guy's reasoning too was rational. It can happen in a bullish season.

@Pumping777, please tell, how much do you know about this Deap Capital.  My knowledge to me is still scanty.  Please holla back as usual.

Me no understand the Deap Capital again o. The fundamentals will soon get very wacky. I suspect the push is to support the coming PO. I guess many will end up in TS.

Maybe many folks don't realize there has been a mark down and think the stock is somehow "cheap" when in fact the shares have been diluted.

I definitely won't be chasing this one. When the bottom drops, na wahala he go be.
Belewu
Re: Stock Market Tips For Nigerians
« #15576 on: February 15, 2008, 03:30 PM »

And here it is for today folks!!

http://www.trw-stockbrokers.com/services.aspx
buzzgonz (m)
Re: Stock Market Tips For Nigerians
« #15577 on: February 15, 2008, 03:32 PM »

pumping777 - Bros no vex oh wetin be "PO & TS "  *Scratching my head*
bibiking1 (m)
Re: Stock Market Tips For Nigerians
« #15578 on: February 15, 2008, 03:33 PM »

Quote from: buzzgonz on February 15, 2008, 03:09 PM
bibiking1 - Omo which one come bi your own na, Na Learn We come learn here, i bow to your level oh.
which kind jamb question you come dey ask me? "Are you sure u re in the right room."

kauskey - God bless you, Na hummer jeep u go buy this year.

Bros abeg no vex!

ololufemi
Re: Stock Market Tips For Nigerians
« #15579 on: February 15, 2008, 03:34 PM »

@ All,

First bank has started crediting CSCS statements for the Public Offer done last year.

Kindly check with your brokers.

Cheers
loma (m)
Re: Stock Market Tips For Nigerians
« #15580 on: February 15, 2008, 03:37 PM »

Quote from: buzzgonz on February 15, 2008, 03:32 PM
pumping777 - Bros no vex oh wetin be "PO & TS "  *Scratching my head*

Apparently, you are new to this thing. You may want to read back on this thread or check this other thread for explanations/basics.

http://www.nairaland.com/nigeria/topic-82565.0.html
zomike
KAUSKEY THANKS
« #15581 on: February 15, 2008, 03:38 PM »

DEAP CAPITAL is one of the quoted companies on the Nigerian Stock Exchange.
A stock is said to be on STRONG BID when number of buyers strongly out-weighs number of sellers and its said to be on STRONG OFFER when the reverse is the case.
I hope i have answered on behalf of Blueband




kauskey you do well as you answer that guy with love.
some people just dey operate the forum like say na for them only.if the guy know wetin e bi
i sure say him for no ask.
please lets have it behind our mind say so many people are new to this stock issue,if someone ask a question it is better not to say anything instead of shuting the person down.
me i don ask question so tey some people shut me down,another person politely ask me to go and think for myself.
now i feel intimidated and all i do is DUBB.
ANYWAY ,WINDY WAS TOO MUCH YESTERDAY NIGHT
NAPOLEON ,I WANT TO BE BOLD LIKE UTHE GUY SABiiii.
all the same you guys  are great ,i admire your brain
keep jisting while i dubb at the background
CHEERS!!! Wink Wink Wink Wink
ololufemi
Re: Stock Market Tips For Nigerians
« #15582 on: February 15, 2008, 03:39 PM »

@ Fatherof2,

E be like sey That plane wey we call Air PHB wan take off oh. Done 5% for two days now.

Anyway, As you dey first class (specially for you) na so I dey economy, sorry premium economy class.

 Grin Grin Grin Grin

Ride on baba. Na you be the real deal.
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #15583 on: February 15, 2008, 03:43 PM »

Quote from: buzzgonz on February 15, 2008, 03:32 PM
pumping777 - Bros no vex oh wetin be "PO & TS "  *Scratching my head*

PO stands Public Offer
TS stands Technical Suspension

You can read the link pasted by loma for more information.
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