megainvest:
Anyone watching Betaglass? The stock has refused to obey gravity despite the grand papa bear.

Noticed they have one of the very wicked market makers in recent times. Also looking like one of the few potential growth stocks in the NSE. With its growth pattern mimicking that of FO.

stokfrick:

Noticed they have one of the very wicked market makers in recent times. Also looking like one of the few potential growth stocks in the NSE. With its growth pattern mimicking that of FO.

True. In fact, I learnt something new from those 2 stocks. Their price pattern did not fit my initial investment model but I had to change my beliefs because of them. I eventually took a risk on Betaglass. Now it is the best performing stock in my entire portfolio. The only thing is I didnt buy a significant quantity then. I am not sure I want to buy more now either!

passwelle:

I am sure you are impressed with your 14 months wait. Your numbers above suggests you had to buy at least 2 shares at N9.20 level for each one you had at N32 naira. And even that would only bring your average to N16.8. Not much of a case for long termers tbh. I have only one long position on the NSE so speaking from my own perspective as a trader. Longtermers should always remember that “Past performance does not guarantee future results".

Medium, long , or short terms all depend on the eye of the beholder. In my humble opinion, I think your stay should depend on your target profit, company performance, and general market conditions. I could remember when I was newly introduced into the stock market as at march/April 2013 by a friend, the maximum daily price movement at full bid then was 10% as against 5%today. Although inexperienced then, I could easily make 30-50% profit in 5 straight days in any of my stock that gained. In any case, flexibility is key.

stokfrick:

Medium, long , or short terms all depend on the eye of the beholder. In my humble opinion, I think your stay should depend on your target profit, company performance, and general market conditions. I could remember when I was newly introduced into the stock market as at march/April 2013 by a friend, the maximum daily price movement at full bid then was 10% as against 5%today. Although inexperienced then, I could easily make 30-50% profit in 5 straight days in any of my stock that gained. In any case, flexibility is key.

Re the above, daily price movement is +5% or -5% of opening price. I have sent you a mail.

passwelle:

Re the above, daily price movement is +5% or -5% of opening price. I have sent you a mail.

I' ve replied your mail.

passwelle:

Re the above, daily price movement is +5% or -5% of opening price. I have sent you a mail.

I agree with u. However more stocks easily made 10%(that is from previous closing price) as at then than now. I can't really remember but its like the rule regarding daily price movement was reviewed by late 2013/early 2014. I stand 2 b corrected though.

My brothers n sisters, trade wisely oh. I will join u wen d ASI touched 30000.

stokfrick:

I agree with u. However more stocks easily made 10%(that is from previous closing price) as at then than now. I can't really remember but its like the rule regarding daily price movement was reviewed by late 2013/early 2014. I stand 2 b corrected though.

The rule started mid-2012 with the introduction of 10 market markers and only 16 equities were included.

All stocks on the NSE can attain a maximum of +5% or -5% of the reference price. The reference price for the day is the opening price at 10.15am. If a stock opens 5% up, that price becomes the reference price for the day, it can thus attain a further +5% of that reference price i.e daily max of +10.25% from the previous closing price. Likewise, it can go -5% of the reference price. Please can the brokers in the forum help clarify this to keep folks from being misinformed. All the rules from mid 2012, 10 market makers, 16 equities jist is TT.

can somebody pls tell me why unitybank is going down than other banks

veecovee:
can somebody pls tell me why unitybank is going down than other banks

I tink it is going to its base (car pack)

passwelle:
All stocks on the NSE can attain a maximum of +5% or -5% of the reference price. The reference price for the day is the opening price at 10.15am. If a stock opens 5% up, that price becomes the reference price for the day, it can thus attain a further +5% of that reference price i.e daily max of +10.25% from the previous closing price. Likewise, it can go -5% of the reference price. Please can the brokers in the forum help clarify this to keep folks from being misinformed. All the rules from mid 2012, 10 market makers, 16 equities jist is TT.

From onset the daily price-band movement used to be maximum of -5% or +5%.

Then around mid 2012 the first set of MARKET MAKERS were introduced, They were precisely 10 in number.

It was exactly that period the daily price-band was extended to -10.25 or +10.25 maximum.

They started with only 16 Stocks few weeks later 9 more stocks was added making 25. from there up to 43stocks before every stock on NSE was included.

So pull your acts together and don't get yourself confuse thats why today a lot get their fingers burnt in NSE .

Same way i said sell in MAY and GO away you guys labelled it TUMBUM-TUMBUM analysis now what is happening?

Well over one decade in NSE and still waxing strong is no child's play, those that refuse to learnt from others experience will definitely learn the hard way. I rest my case.

*ThE OcToPuS*

PETERiCHY:


From onset the daily price-band movement used to be maximum of -5% or +5%.

Then around mid 2012 the first set of MARKET MAKERS were introduced, They were precisely 10 in number.

It was exactly that period the daily price-band was extended to -10.25 or +10.25 maximum.

They started with only 16 Stocks few weeks later 9 more stocks was added making 25. from there up to 43stocks before every stock on NSE was included.

So pull your acts together and don't get yourself confuse thats why today a lot get their fingers burnt in NSE .

Same way i said sell in MAY and GO away you guys labelled it TUMBUM-TUMBUM analysis now what is happening?

Well over one decade in NSE and still waxing strong is no child's play, those that refuse to learnt from others experience will definitely learn the hard way. I rest my case.

*ThE OcToPuS*

Bros if I remember correctly, we are still in Aug. what are u doing in nse buying up and down when u adviced people to sell and come back in Nov? I think your name should be changed from PETERICHY TO PETERTUMBUM

The Nigerian Stock Exchange (NSE) today launched a high-end listing board that will showcase the stock market's largest and most liquid companies.

Zenith Bank, Dangote Cement and FBN Holdings have just listed on the Premium Board after going through some verification process.

http://www.cnbcafrica.com/news/western-africa/2015/08/25/nse-haruna-jalo-waziri-premium-board/

Infact with the way FBNH has been nose-diving i thought they were going bankcrutcy but when i saw the above news it made me to quickly launch DEEP @N5:30k lastweek thursday.

I'm now with high hopes the ELEPHANT will surely take us to N18 within the next 18mths

When will FBNH 2014 bonus shares be allocated to shareholders' accounts?

na waooo, see how the SMN forum was turned even the thank you button was politicized

Great weekend to all my bnsitl. Hope you are warming up for the BULL?

Happy investing.

PETERiCHY:
The Nigerian Stock Exchange (NSE) today launched a high-end listing board that will showcase the stock market's largest and most liquid companies.

Zenith Bank, Dangote Cement and FBN Holdings have just listed on the Premium Board after going through some verification process.

http://www.cnbcafrica.com/news/western-africa/2015/08/25/nse-haruna-jalo-waziri-premium-board/

Infact with the way FBNH has been nose-diving i thought they were going bankcrutcy but when i saw the above news it made me to quickly launch DEEP @N5:30k lastweek thursday.

I'm now with high hopes the ELEPHANT will surely take us to N[b]18[/b] within the next [b]18[/b]mths

Vision 1818

passwelle:
All stocks on the NSE can attain a maximum of +5% or -5% of the reference price. The reference price for the day is the opening price at 10.15am. If a stock opens 5% up, that price becomes the reference price for the day, it can thus attain a further +5% of that reference price i.e daily max of +10.25% from the previous closing price. Likewise, it can go -5% of the reference price. Please can the brokers in the forum help clarify this to keep folks from being misinformed. All the rules from mid 2012, 10 market makers, 16 equities jist is TT.

I am not a broker but @ Peterichy is right on this. What you stated was not a rule until about 3yrs ago. Previously, circuits were set at +/-5% daily gain or loss respectively of previous closing price. Thus the maximum a stock could gain was 5% of its previous closing price unlike the maximum of 10.25% that obtains now. Note that my point does not negate the +/-5% reference price rule. Just to let you know that it has not always been so.

wp

Manonamission:


I am not a broker but @ Peterichy is right on this. What you stated was not a rule until about 3yrs ago. Previously, circuits were set at +/-5% daily gain or loss respectively of previous closing price. Thus the maximum a stock could gain was 5% of its previous closing price unlike the maximum of 10.25% that obtains now. Note that my point does not negate the +/-5% reference price rule. Just to let you know that it has not always been so.

I stand corrected. Thanks.

ArodewilliamsT:


u tried reaching me?

Yes.
Check your mail.

...

PETERiCHY:


Got my 1st batch of FBNH last thursday @ N5:30k

Good price...........I thought you are waiting like some folks till it touch 2.50k..................Or wait till November.............

Agbalowomeri:


Bros if I remember correctly, we are still in Aug. what are u doing in nse buying up and down when u adviced people to sell and come back in Nov? I think your name should be changed from PETERICHY TO PETERTUMBUM

Just came across the link below on SMN. Good news from the stable of FTNCocoa.

http://ubagroup.com/lionkingonline/2015b/files/assets/basic-html/page34.html

I would be surprised if anyone took this as a buy recommendation. God is good. Freedom cometh at last. Some day, someone will place a bid for this stock

^^^^ you wish to delay the already started moving train till you get money from your fish business to enter market ,,,,,even the link can not dare standing in front of the train that kick-start on friday.... watch out as full speed commence today. if you miss don't block the road it dangerous,,,, wait for the next train.

Don't mind all these monkey hunting analysts we have in Nigeria: proshare etc. The market often goes opposite direction to their recommendations. I only visit their websites for the facts, figures, news and sometimes their analysis but never for their recommendations.

How is pretty market for uba and access?

this looks like a mini-bull trap. the current bull may not last, the momentum this morning is not as high as many would expect.

What is moving Dango sugar? The race is unusual 10% gbosa