Stock Market Tips For Nigerians

i see the prices are skewed again today as usual
expect they'll be updated later

Quick advice pls!!!!!!!!!!!!


l want to sell few units of my Intercontinental Bank  Shares and buy any of Insurance.  l have Mbenefit or Unic in Mind.  Pls  advice on the most prefered.  l want to send the order now pls.

Hold off on Mbenefit for now, and even unic,  until you figure the proper direction of most of the insurance coy,

Disclosure i own Mbenefit and Lasaco - and currently making a loss on Mbenefit - you really want it to bottom out before you make a leap.
And, about Transexpr the candles are somewhat not in favour (not totally concusive from my end) - i also hold a few of those that i bought at peak and making a loss as well. BUT, it seems to be seeing a resistance at current price and just Might swing up. The result should be out between April/May,  so we might still some upside, 

Thx alot

for TransExp, how much profit do you expect them to declare to experience an upward movement?  Sorry for too much question.

@MYPEACE
GIRL, WAIT SMALL MAKE DEM UPLOAD THE CHARTS TODAY AND I'LL HAVE A LOOK AT IT

BY THE WAY HOW U GO DEY CALL URSELF GUGURU, NA LIE JO!!

E be like say na today dem just dey slaughter easter chicken for floor. See blood!

Latest Market Info
BCC: MARKED DOWN 1:8 TODAY

TODAY BCC PRICE WAS ADJUSTED FOR A BONUS 0F 1:8
BCC closed down -5.490 at 43.920. Volume was 74% below average (consolidating) and Bollinger Bands were 37% wider than normal.

@Femtex
Thanks for this update,,,

Fellow members,anyone suffering a down leap in their portfolio due to d price correction being witnessed in the market,should as a matter of urgency look for funds so as to enter some stocks dat re good.This way u kan mk sm gd gains.while your looses can be reduced.
Crying and mourning over d downtrend will nt bring your money back.

Thanks for link but I think the article is severely flawed (as a matter of fact, I'm worried about the quality of journalism in naija today. The way stories are written makes me shake my head). His point about pen funds being unable to invest in (potentially lucrative a la Chams) PPs which limits profits is well made. The points he made about Wema and Costain are unfounded. Smart investing is about what returns a coy will provide in the future, it's about finding a stock with a trailing PE of (say) 50 and a forward PE of (say) 10. Such a company is clearly turning things around and turn-arounds are the hallmarks of all major market success (including Mr Buffett and more recently John Paulson). Those who predicted Wema and Costain last year would have smiled to the bank (assuming you got out before TS) even though it seems Wema "cheated".

Anyway, I like the points but not the way it was made.

My brother, if na like this end of quarter dey be na to look 4 money b4 end od every qtr to do major purchase. Plenty portfolios dey RED like ketchup including my own.

Na wa o!

If the fact that most companies are closing shop for 1st quarter is the reason why there is so much red on the floor of the exchange, then I undoubtedly expect this bear slashing to keep up until the end of the week.

I would advise novice investors buying on speculation to keep off the market atleast until next week, that way alot of buying opportunities can present themselves and it could be the resuscitation of the bulls.

Right now, I dont want to panic sell, but I hate seeing a 10% loss after purchase especially on a fundamentally sound stock.

PLUS.

someone gave me a rumour about prospective buyers in livestock feeds, thats why I went ahead to get it, dont know how true it is, but if someone has some news about it. Ill appreciate it. Thanks

For now.

UBA, FIRSTBANK, OCEANIC, DIAMOND AND FCMB ARE GOOD BUYS.

DISCLOSURE. I ONLY HAVE FIRSTBANK AND OCEANIC BUT LOOKING TO GET THE OTHER 3 AS SOON AS RESULTS ARE NEARING.

CAVEAT EMPTOR. 

its unfortunate u know, if not for all the unpalatable goings on here over the easter, one could have warned his fellas and fellettes about some impending drops but no, not only were we shut down, we cant even upload pictures   _{sobbing in corner}

Ikeja hotels for example did a doji on thursday after its recent climb and that sent my alarm bells ringing on my computer but i was so tied up between SMN and here ovr the holidays (apart from other easter festivities  ) that i forgot to point it out . SORRY GUYS. i kinda got disillusioned when i couldnt post pictures

@mypeace

transexp has reached its support are and looks to be consolidating around there. it looks unlikely it will drop much further but i've been wrong before and probably will be again  

let me check to see if u are on my caveats list, i dey come  

See my respones in blue text.

Artopgun

l appreciate it.

@ MyPeace (love the username by the way),
I'd buy them both,  I'm assuming you're in it for the long term anyway,