Stock Market Tips For Nigerians

@Easimoni and Grabdaloot
@Easimoni and Grabdaloot
I dont understand your suggestion on Intercontinental,What is RSI?Do you suggest we should sell now or if it climbs to N40.Because i listen to you all.I will like to have your email address,so that i will not be novice by your stock terms i.e PE,RSI and the rest.

@ Easimoni and @Grab a loot

I just have 1 more week to go be4 i head of to vacation - I beg you go teachme this RSI well well oo.

@Easimonni, how do you have time to do all this studying,  Its amazing

Any little thing that is said on this forum - you pick it up and within a few days you are giving us lecture? ? Why I no get your kind brain 

Thank God for Oyinbo Library - My library has only 1 copy and I am reserving it.

Can you imagine the Man that wrote this book was born in 1885 died in 1935 - What the???

This goes to show this RSI has been proven for almost a century - it obviously works!!!

The book may probably be out of print? but anyone with access to amazon should be able to get a used copy hopefully

It's still in print. You can get it at amazon.com

@All -

Where will I get details on daily volumes and no of deals, 

I think I better start saving this on an excel spreadsheet ooo

Some of these stockbrokers site should give you that info. You can register on trw-stockbrokers.com they will be giving you NSE market details daily.

@Talktrue,

You'll be extra lucky if Pumping replies your mail. He never does mine. He just snubs

Oh boy carry time ooo, how dare u want to knock or diss pumping777. He is highly respected on this forum. If he has to answer all emails, then he would need more than 24hrs of the day to do it.

Pumping, no mind am jare. If he hassle u anymore just tell me and I go buy the case from you.

VIPICO -  make I no vex for you ooooooo

pumping777 (at) yahoo (dot) com

RSI- relative strenght index a kind of normalizing to show the momentum of stocks on a relative basis, kind of the PE ratio of technical analysis. Im trying to lay my hands on the revised edition the book to see how the no of deals is fully utilized. The FSDH daily update has all this information it is by far the most comprehensive out there. It even has open, high, low and close prices which can be used to evaluate other kinds of indicators. As for the banking sector I have my reservations but hey its personal but ill share the tip. If you read the propectus of most of the PO's of the banks they are all doing one thing investing in visibility ie increasing their branch networks. How this will affect their bottom line I can't say for sure but one thing that is certain is that more branches will mean higher operating cost thereby reducing the PAT but this is on a macro scale. If Zenith bank opens three branches on my street that doesn't mean I will open three more accounts but on the other hand they will have to maintain those three branches and pay the staff from my existing account operation. Get where I am heading. No doubt the potential for growth exists but man the PE of 90% of the banks is a crime. some people should be in jail for allowing the stock prices to get that high. I would rather put my money in an AGLEVENT whose dividend yeild is 5% than a UBA with a dividend yeild of 2%. Take NESTLE for instance paying a dividend of N10 and yet its price is still N240. If you go by the banking sector, a dividend of N1 puts your stock price at about N50 so NESTLE should be N500!! but it is not. Start to see the bigger picture. There should be a market correction soon if the results of these banks start surfacing. Just make sure your not caught out. Anybody ever wonder why Access bank's quarterly result is overdue?

@Pumping777: abeg no mind the vipico jare. No one pays anyone on this forum for all of the self less _{and time consuming} work and research they do. If someone is generous enough to continually find time to share information on the forum, why would anyone come to the conclusion that the person is a snub simply because he/she didn't respond to an email?

On the matter of DEAP CAPITAL's listing, I've just been informed by my broker that the listing has been postponed indefinitely. Could this be for real or is this just a diversion tactic If the listing was going to be done today then I presume that they would have already met all of the  listing requirements. Why the sudden post-ponement, and indefinitely for that matter?

@ talktrue, how do you want me to "bless" u

easimoni2004 (at) yahoo dot com

@ grabdaloot, nice work. But you bought Intercontinental!  I have one bank in mind with an RSI approaching 40. Been trading sideways for 4 months (shouldn't say the name b4 Pumping's zillions change the stock ). MACD and SMAs show no divergence. What do u think as a short-term tech trade? _{Okay it's Diamond bank}.   

I said I wouldn't touch intercontinental with a 10ft pole and I mean it. In hind sight mabye I should have just taken the 30% it will yeild in the short term. As for diamond bank, it is kind of fairly price whether that is by design I do not know but one problem yes the GDR - and that is why I think it is by design if you want to sell your stock on the london stock exchange, no one would touch it if it is over priced. so trade carefully. From my own point of view, I don't see it appreciating much because with the GDR around the corner. Once your GDRed that is the end of mad appriciations of your stock (GTB, OANDO)

@ ololufemi

I am willing to bet you my last dime that easimoni is an engineer, we all know ourselves when we meet. I will tell you why. Financial analysts if you have ever met one are articulate but lazy. The FA definitely would NEVER use excel to do his analyses believe me when I tell you it is way way to tedious and requires a lot of discipline and tact to keep the sheet up to date. He would use the numerous softwares out there to do the same stuff. easimoni on the other hand is an engineer. We thrieve on excel, running marcos VB programs etc. If he would speak up then you would be rest assured.

@ololufemi
Stock picks on this forum , you are joking right??. Before finally deciding to break my vow of silence I have been sitting on the fence for some time and I have noticed all the complaints someone really has a deep pocket on these pages. Its hard to believe but it is ture. Might not be a blogger but just an observer. Folks here are pretty much on top of thier game when it comes to the stock market. Anyway after I have completed my buy orders, I'll check your profile and email you my own views. But hey I am no expert and don't know your investment objectives (capital gains, institutuional or dividend hunters) for all I know you might be the deep pocketed fella

Yup Chemical and Petroleum engineer! Good guess.


Rightly stated: at N120 to 1 USD, Diamond's GDR was N16.50 per share. Still the forward PE at N18.50 is below 20 based on the 6 month result and I think the FY will be more than 2X the 6 month. This is a fundamentally sound bank that seems to be oversold. Still, as u stated, the GDR seems to hinder most stocks