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texas543 (m)
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Those who say it cannot be done are usually interrupted by those who are doing it.
As volatile as the markets appear they obey the law of demand and supply very strictly.
The fundamentalist worries about whether it's cheap by always scutinizing PEs and other variables.
The Technicalist focuses on PRICE which is a product of BOTH PE and EPS but he is more concerned with the demand and supply curve.
The fundamentalist is very intellectual but the Technicalist is practical.
I don't see any place for chance in this market. Some things are actually very predictable.
Every man his own.
Bioye, I think you should be talking to FO2.
We don't need to flog the issue of fundametalist or technicalist over and over again. Like you rightly said, every man his own. YOU NEED TO KNOW YOUR RISK APPETITE. In as much as there are some preditability to TA, you still have to take some issues beyond your control into consideration. For instance your broker, how fast can he execute your order at your entry and exit price? |
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Iwerebor (m)
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Kevin Mitnik was a celebrated computer hacker. He was something of a marvel. He realized something:He didn't bother beating the machine. He exploited the weak link in the chain, man.
The market has got psychology that needs to be understood.
Fo2 once said that the market is riddled with codes. Absolutely true.
Each days pricelist speaks volumes.
Two things happen basically when shares are exchanged:
buying and selling.
Each action is a force that causes price MOVEMENT.
Remember Newton's law of motion? Objects will remain at rest or continue to move except a force is applied to interrupt them.
Results, rumors, news, profit taking, government policy etcr will only CAUSE either of this: BUYING or SELLING. These two actions are the true market forces.
Don't trade if your knowledge of economics excludes the law of demand and supply.
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FatherOF2
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Kevin Mitnik was a celebrated computer hacker. He was something of a marvel. He realized something:He didn't bother beating the machine. He exploited the weak link in the chain, man.
The market has got psychology that needs to be understood.
Fo2 once said that the market is riddled with codes. Absolutely true.
Each days pricelist speaks volumes.
Two things happen basically when shares are exchanged:
buying and selling.
Each action is a force that causes price MOVEMENT.
Remember Newton's law of motion? Objects will remain at rest or continue to move except a force is applied to interrupt them.
Results, rumors, news, profit taking, government policy etcr will only CAUSE either of this: BUYING or SELLING. These two actions are the true market forces.
Don't trade if your knowledge of economics excludes the law of demand and supply.
That's called INERTIA. Another nice one. |
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Huckabee
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While not dancing to any particular tune here, where are the folks who CICOed 1-3 months ago, without understanding that things can also go down?
Lets be careful when advising newbies, unless you are going to get them a broker to tell them what to buy, when to buy and when to sell, and finally get them your broker to execute for them!
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bioye (m)
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FatherOF2, will you be so kind as to offer some assistance? I have become a true believer. How can I get across to you?
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easimoni (m)
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Kevin Mitnik was a celebrated computer hacker. He was something of a marvel. He realized something:He didn't bother beating the machine. He exploited the weak link in the chain, man.
The market has got psychology that needs to be understood.
Fo2 once said that the market is riddled with codes. Absolutely true.
Each days pricelist speaks volumes.
Two things happen basically when shares are exchanged:
buying and selling.
Each action is a force that causes price MOVEMENT.
Remember Newton's law of motion? Objects will remain at rest or continue to move except a force is applied to interrupt them.
Results, rumors, news, profit taking, government policy etcr will only CAUSE either of this: BUYING or SELLING. These two actions are the true market forces.
Don't trade if your knowledge of economics excludes the law of demand and supply.
If the market is so coded, how come no one was smart enough to predict the current bear run. Look at my post history and you'll see I mentioned it about a month ago but even then it was just a guess. I'd guessed before and was wrong. Lot's of people on this forum and elsewhere have been dead wrong on CICO predictions - how may banking results have failed to move the prices as anticipated? We then adjust our investment horizons so how is that any different from fundamental analysis which preaches long-term investments. My point is yes forces move the market but none of us can see the forces coming. Did you know FGN was pulling funds from the banks at the same time margin trading was being scrutinized? Do you know exactly when the funds are coming back? No one can predict the exact direction of the market over a one month period. Bioye, go and get a long-term loan. Anyway, na ya money sha! |
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bioye (m)
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I aint borrowing money to invest. short term or long term.
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ichibanman
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Nice one GTB, trying to get your timing right with minute drops that will make it available. I smell the paper and ink used for printing those results.
FO2, Please expatiate!  |
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Rhemagirl
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Good day to all the gurus, i just want to confirm the latest date u can buy Equity Assurance and qualify for the Rights Issue on the Floor because i can see that they have gone on Technical Suspension.
Please i will be glad to know as soon as possible
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candylips (m)
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Anyone knows any stockbroker in nigeria that Short sell shares (that is lend shares for a short position) ?
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pumping777 (m)
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Anyone knows any stockbroker in nigeria that Short sell shares?
Not clear. You mean that "lends" you shares for short trading? |
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candylips (m)
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Yes . lets say i think a particular stock is overvalued and i think the value would go down. I will like to short(sell) the stock at the higher price and buy it back at the lower price to take in my profit. But since i don't have the stock i will need to borrow it for sale
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rasputinn (m)
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Results, rumors, news, profit taking, government policy etcr will only CAUSE either of this: BUYING or SELLING. Don't trade if your knowledge of economics excludes the law of demand and supply.
Nothing dirves prices on the NSE as much as rumors,quite unusually |
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rasputinn (m)
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Yes . lets say i think a particular stock is overvalued and i think the value would go down. I will like to short(sell) the stock at the higher price and buy it back at the lower price to take in my profit. But since i don't have the stock i will need to borrow it for sale
You may need to explain how it's possible for you to sell shares you don't have in the first place.I don't know of any broker that does that in Nigeria |
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FatherOF2
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FICKLENESS===Nice word. FO2, Please expatiate! Na wa how you want make i expand again. Ok let me go technical just for this occassion. This is the way i look at a price behaviour from a technical point of view as it coincides with a TIMELINEGTB is making minute (very small) changes so it can drop into oversold region. A price which changes from N33.95 to N33.90 will still have its RSI drop by between 3-4 indexes.But the change was only N0.05, Also a price that changes from N33.50 to N35.17 will also still have its RSI rise by 4 indexes.And change was N1.67 Now the timeline in this case is the expected release of GTB results. With this minute changes, the price is still able to hover about a support level while still being able to fall into oversold providing enough headroom for reasoneable price appreciation when the time is right. If it doesn't happen this way and you have the price too high,by the time a good result is released,you will proshare say" Investors were not impressed hence price went down". It is not that investors were not impressed, its just that " there was no headroom for chopping" so leave the stock to fall to provide more headroom later.This is one thing that worried DSR and RT Briscoe despite both bonuses and fair values.One went up, the other went down. Except there is a general paucity of funds,this concept holds true for me always. |
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Rhemagirl
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Father of 2, please help me answer Good day to all the gurus, i just want to confirm the latest date u can buy Equity Assurance and qualify for the Rights Issue on the Floor because i can see that they have gone on Technical Suspension.
Please i will be glad to know as soon as possible
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en_y
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Father of 2, please help me answer
Good day to all the gurus, i just want to confirm the latest date u can buy Equity Assurance and qualify for the Rights Issue on the Floor because i can see that they have gone on Technical Suspension.
Please i will be glad to know as soon as possible
the date that will be used to qualify for rights is left to the discretion of the company (and probably issuing house). the prospectus is not out and we won't know the date until we see it, except someone has an insider that has seen it, going by previous public offers, some companies use dates before the stock was placed on TS, some use the date it was placed on TS and some a date while it is on TS, |
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easimoni (m)
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Anyone knows any stockbroker in nigeria that Short sell shares (that is lend shares for a short position) ?
It's not legal in Nigeria to short a stock. No options, no puts/calls, just straight buy and sell with cash money! |
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candylips (m)
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Is there a specific law against this or the market is just not developed enough to handle this kinds of transactions.
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seleromo
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Somebody Please Help Me. I bought 2 MILLION Naira worth of CAPOIL just before the suspension of the stock. I have not heard anything about what will happen to investors of this stock. I don't even see it on the daily listing anymore. Someone with any update - please help me,
This is really painful oh!
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easimoni (m)
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Is there a specific law against this or the market is just not developed enough to handle this kinds of transactions.
BOTH! The NSE/SEC forbid it because we can't yet handle it. There are plans to intoduce options in the "near" future. |
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rasputinn (m)
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BOTH! The NSE/SEC forbid it because we can't yet handle it. There are plans to intoduce options in the "near" future.
Forget it easi,there's not a chance in hell for shorting of stocks on the NSE,even if SEC approves of it,the brokers may not be favourably disposed to such a "risky" idea.At least not in your "near"future,you should know that when these administrators speak of near future,it more often than not means in thirty years time or more. Have you ever wondered why most brokers will not give their customers marging facilities,even when the margin being sought represents less than 20% of the customers portfolio with the broker. So if they wont use your holding with them as collateral to give margin,why do you think they'll be disposed to shorting allowing you sell what you don't have |
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debenzd (f)
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Somebody Please Help Me. I bought 2 MILLION Naira worth of CAPOIL just before the suspension of the stock. I have not heard anything about what will happen to investors of this stock. I don't even see it on the daily listing anymore. Someone with any update - please help me,
This is really painful oh!
I feel your pain. Unfortunately, there is nothing you can do for now. CAPOIL is on full suspension so you can't even trade. Be patient and see what comes out of the investigation. |
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rasputinn (m)
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I feel your pain. Unfortunately, there is nothing you can do for now. CAPOIL is on full suspension so you can't even trade.
Be patient and see what comes out of the investigation.
Nothing will happen.Capoil will be given a clean bill of health;IN DUE TIME After the concerned board members of Capoil must have pressed all the real and imaginary buttons The regulators will just wait till the tension has died down a bit,then do what I think they'll do Investigations have a way of turning out like that,c'mon this' the NSE and SEC we're talking of here |
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rasputinn (m)
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Fof2,easi,pumping
Do you know the payment date for Oando bonus.Why are they keeping the date under wraps?
I'm taking serious aim @ them and UBA,but I need to know the Oando payment date so I can plot my move in
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tgirl77 (f)
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hello please i need the list of stokbroking firms in abuja.
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harrisoft (m)
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@ FatherOf2
please what is your sake on Dunlop Nig. Ltd. (For Short and long term)
Will be waiting, Thanks.
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zomike
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@fatherof2 please when can we enter ETHERNAL oil again? THANKS  |
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beginner
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Fatherof2
This GTB wait dey tire me o. I need to move the money to some other banking stocks except they do 1 for 1. I hope all is well with this bank o - overload dey there.
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lucabrasi (m)
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hi there,i have shares in nigeria brewries,oando oil,acess bank which i bought sometimes in 2006 i havnt been able to follow them and see if they are appreciating or depreciating ,could anyone tell me if they are as i bought quite a lot
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