Stock Market Tips For Nigerians

HELLO EVERYONE
BN A SILENT PARTICIPANT!!!!
@ AKTOPGUN

CONGRATULATIONS ON YOUR BUNDLE OF JOY, THE ALMIGHTY LORD WHO GAVE HIM TO YOU WILL PRESERVE N KEEP HIM, HE WILL BE A SOURCE OF JOY TO YOU AND YOUR WIFE ALL THE DAYS OF YOUR LIVES.

I ALSO USE YOU AS A POINT OF CONTACT IN MY PRAYERS, THAT MINE WILL COME TO PASS AS WELL. I DON TAP INTO YOUR ANOINTING, MAY IT BE WELL WITH US ALL.

MAY THE GOOD LORD CONTINUE TO PRESERVE AND GUIDE OUR DECISION MAKING AS WE PROGRESS THROUGH THE THREAD.

IT IS WELL. AMEN.

Yes oo - credit is available at cheap rates compared to a typical nigerian facility.

Its only credit cards rates that compare to nigerian facilities.

with a line of credit or a credit card with a low rate as 2% for life - you are set oooo

Na other peoples money

The problem is not the funds. My portfolio right now has about 40% in cash. The problem is the risk appetite. I've only started trying it out, so I'm threading with caution.

Wendy,
My table is from FSDH's report. Just start from Afprint and copy the volumes down. Paste in my worksheet and enjoy! Note there is a formula to sum up total volumes at the bottom of my sheet that some may find useful. The only time you run into problems is when a new stock is introduced (insert column(s) at the right place in my worksheet)  or renamed/relocated (Intercontinental WAPIC???).

40% cash   Oh Pleeeaaasseee can I have some   . Anyway you're right though, risk appetite does determine a lot. I myself started in 8/2005, but started using margin about 3months later. The setting was just perfect -- stocks going for prices that I considered a STEAL, naira appreciating against dollar, the economy and NSE with rapidly improving fundamentals . . . Just converting USD to naira, doing absolutely nothing (or maybe putting the money in a fixed deposit acct) and then converting the naira back to USD within about 3 to 4 months would have resulted in a positive margin over the interest rate here. _{Twas too good to be true, and windywendy just had to get herself summ. . .}  

I have a problem with this ! it can be argued either way - high volume traded could mean many people are selling - because they want to take profit or people ar ebuying because its a good price to enter.

Can we say the turn of the volume treand could mean a reversal in the current price trend? is this the case

Volumes requested is diferent from the volume actually traded. - Please explain how all this works!

That works if you wish to borrow a small amount from a US bank. If you've built up a portfolio of N100M (not saying I have o!), which bank in the US will lend you/me 12M/100k USD? Would it be woth you while otherwise?

Volumes and price by themselves don't really tell the whole story. You have to look at both to get an idea what could be happening in the market. High vols plus increasing prices could mean the shares are being gobbled up. You then need to do your legwork to find out what's happening for real _{perhaps put that phone call through to your broker, could be a core investor in the works or something}  . For me, the trend is what counts, as it may be fatal to act on a one-off instance.

But I'm still curios about Fatherof2's reference to the market having its own personality . . . Fatherof2, can you please explain further?

Actually, let me give one example.

Very High Volume and 5% gain in price will normally translate to a bull run.
Very High Volume and 5% drop in price will normally translate to a bear run.

These are very simple scenarios. It does not require any chart. Now factor in the trading pattern over the last few days and you'll be amazed at the trend that can come to light.

Get a credit card with a good sized limit, and fixed APR.

between, thanks for the hints on updating the volumes spreadsheet.

@yodiyokun, you are peharps right in stating ther that it works both ways sometimes, especially when demands wants to meet supply, volume will become higher. But that is the place where trend watcher kick in, you see the volume has told them a story. They will interprete what the volume says, I never said volumes should be used without reading what it means.

@ckenneths, which day you come land here? what a surprise   You don fashi your good ol townsmen for the other place? Anyway you're very welcome. Your views are highly appreciated!

Ah Pumping, did you say "was"? Abeg don't give up on long term investing oh. That's where the real money is _{my opinion though}. Abi how many of the forbes 400 billionaires are short term investors? At least we know that the #2 on the list is a long term investor  

$500K unsecured credit from which bank in the US?

In fact you are very right _{but not about the deep pockets part}

I use good PO/IPO opportunities to take care of my long term investing while I see how this momentum based trading goes. My limit remains that I won't buy a stock without good fundamentals. I don't care about any momentum then. It means I will miss out on some juicy opportunities but no problem. I need to preserve my funds.

I think this guy pumping has his body in the US and his soul in the NSE.
You're studying the NSE book on your own and getting it.
I heard you say you were lurking for beta glass the other day.I laughed.If you had struck on the Thursday/friday days i told you about,you would have been 10% richer today.Now look two weeks back from 7th when Beta glass hit its last low,it was a friday again.Now this is were volume (trading wise comes in for me).Its RISKY though but forget that i've talked about 25% many a time.I usually use N6m or a little less to get 10% in one week and after my broker commission,i end up with N360,000 in 1 week.
@Windywendy

I'm really impressed with your bravery oh for a lady.You're my second sister after yodiyokun.
NSE has habits and these old habits just don't stop.We human beings behave continuosly in particular ways and patterns by which we can be easily identified.
I'll explain some things later in future sessions.Examples will pop up.