|Join Nairaland / LOGIN! / Trending / Recent / New|
Stats: 2,371,760 members, 5,278,823 topics. Date: Friday, 22 November 2019 at 06:39 AM
|Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:01pm On Jun 12|
|Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 9:14pm On Jun 12|
Let them continue injecting...its not sustainable, the hand writing is clear
Allow market forces determine actual price is the only way forward. A consumer nation defending its currency from oil revenue only spells doom!
|Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 9:53pm On Jun 12|
I have asked you the question before, I what ways would naira floating be of benefit to the economy without creating high level poverty. Cos I can see u are a strong advocate of money floating
1 Like 1 Share
|Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:28pm On Jun 12|
You no know say injection na emefiele biggest invention
|Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 11:26pm On Jun 12|
|Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:21am On Jun 13|
I dont subscribe to floating , u want aboki to artificially hoard dollar so it will hit 3k naira ??
U want floating so dat buhari and nnpc ministers will steal from d reserve since dey no longer interfere to FX. ?
To float d currency u need to tackle corruption and more exportation .
|Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 6:05am On Jun 13|
WAOW! HAVE YOU COME ACROSS THIS PORTION OF THE BIBLE?
3 Likes 1 Share
|Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 8:46am On Jun 13|
You are asking me a question that you have an answer to...I met Nigeria this way and you want me to provide a solution to the pending currency crisis.
Instead of asking the clueless Next Level government to stimulate the economy and look for way to be less dependence on oil you are asking me question. Did you hear that I won any election?
How many days now since PMB was sworn in yet nobody knows the direction we are going, nobody is talking, zero policy guideline and you want a miracle to happen to your economy by CBN continuous artificial intervention in the currency market.
I will only look for how to profit from whatever the outcome is....this is my final answer to your question.
|Re: Nigerian Stock Exchange Market Pick Alerts by DOLLARTEX(m): 8:50am On Jun 13|
|Re: Nigerian Stock Exchange Market Pick Alerts by Jejebabaa: 8:53am On Jun 13|
Personally, i am against Naira depreciation though i want multiple rates to be cancelled as long as the black market trades at 360/$ range bound as all my investment is presently in Naira.
I am shocked seeing people who earns and have most of their investment in Naira championing Naira depreciation, dont you guys know that, if Naira should depreciate, it makes your financial goals harder to achieve in $ terms. For example, $1M used to be around 150M Naira and now its around 360M Naira.
In all sincerity, Naira will depreciate as long as we keep doing the same things like importing refined fuel and our taste for foreign goods thats being imported. If Canadian $ can depreciate from 1:1 to 1:1.33 (33% depreciation), so what is Naira not to depreciate against USD.
Hopefully, Naira doesn't depreciate beyond 360/$ during PMB tenure as this is my only prayer, though HOPE is never a strategy.
|Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 9:04am On Jun 13|
What most people fail to understand is Free floating is best for our economy that exports little or nothing but mainly oil.
We are always so scared to do things that we should have done a very long time. Same way scared of removing Oil subsidy and people are chopping free money instead of leaving price to market forces to the benefit of all.
Yes exchange rate may go up once we free float but it is bound to stabilize in the long run, Aboki cannot continue to hoard $ if you refuse to buy...
- Govt should remove subsidy
- Channel the money and subsidize manufacturing and businesses, with friendly policies
- Govt should float the Naira
- Clear Apapa port and open up the other seaports
This is the way to go, Nigerians should stop leaving on false hope!
|Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 9:06am On Jun 13|
You want me to exchange words with you but never will
I do that. Kudos to you for all you have itemized above. But one thing is certain and sure I will never say cos of selfish reasons I will support policy that worsten the poverty level of the citizens. That where I stand, during the first 4 years of the clueless govt, I made better money and by God grace I will still make better in the current cluelss 4yrs but for selfish reason to support policy of devaluation without much to export, mono economy, consumption economy and not a production economy! Never will I support such policy. All the same kudos to you for all you have said.
|Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 9:15am On Jun 13|
Nobody is insulting the other, we are only having a discussion. You call it selfish, I call it positioning myself and that is what businesses do and I am a businessman.
The FG knows the right thing to do yet they refuse to do it and you want me to think for them and also implement it. Have you asked how Ghana despite their currency is now attracting more FDI than Nigeria now.
|Re: Nigerian Stock Exchange Market Pick Alerts by DOLLARTEX(m): 9:40am On Jun 13|
Bomboclad:we had a prophet here sometime ago,if he points a stock,just don't argue,it will gallop confirm 100%.He is hanging his boots now,and when I saw your posts,I said maybe we have another prophet,but...........
|Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy(m): 9:51am On Jun 13|
With the policies and structural lines we have in place here, its difficult to effectively implement the right part in bold without having the 1st/left play out to some extent. ...it's difficult to converge rates @ this time without having some level of depreciation on the Naira. No thanks to the several lapses in the system !!
Which was why I said that this policy(even if its made now), would be coming a bit late. ...and can not efficiently work in isolation. There has to be other aspects to it, if indeed the aim is to get things to positively trickle down to the real side of the economy and spur the needed growth.
@aremso, yes floating comes with its cons, same way it has its pros. But the truth is; In the end we will be better off for it. For as long as there are supplementary and palliative measures to better manage it, we will be fine !!
Our call and concern shouldn't be that against a free market (free float), but against not having the measures in place that can effectively manage it. ...this is what I think we should be discussing here.
The call to not float(as has been the case here) or to delay on it, is simply tantamount to postponing the evil day. It's high time we took the bull by the horn and face up to any challenge until we get past it !!
No one country can truly develop without having dark patches.
Again, no one country truly floats completely. ...not even the US !! What u have is a MANAGED FLOATING... which can still allow u to tinker some things in ur favor where need be.
In fact, no country can say they have completely perfected the act of floating their currency. ...it's usually a learning process over a curve. The KEY is to ensure workable policies in place while managing it.
Like I said before, the CBN has less of a choice to allow for the convergence of the rates window sooner, rather than later !!
U can not fight the market. ...it must be perceived as been FREE, otherwise, it will only be a matter of time before 'it fights u back' or even 'engage u in a battle'. ...which, time and again could leave u worse off !! That, unfortunately, is the Nigerian situation.
The present fragile nature of the economy and 'everything surrounding it' is not 'painting the best of pictures'.
For the CBN, it's more of 'acadian choice' my dear.
We have 'a friend' called OIL who could turn out to be 'an enemy' and take us back to a recession, if and when we fail to do the right things at the right time !!
The real problem though, are the clueless leaders and policymakers we have in place here.
|Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 10:03am On Jun 13|
|Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:18am On Jun 13|
Mtn dey sell this morning oh.
|Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:38am On Jun 13|
The bold.. can’t stop laughing .. my belle
|Re: Nigerian Stock Exchange Market Pick Alerts by yok: 11:06am On Jun 13|
NIGERIA STOCK MARKET GENERAL COMMENT /MSCI POSITION (NSE STOCK MARKET WEATHER REPORT) - FOR 13 JUNE 2019
Not much to talk about today, only that market as now become riskier we has to thin down whatever we need to buy. MSCI activities minimal in line with current move bought Dangcem, Stanbic and sold Guinness.
Too much fearful new all over. To make profit in this market we need to improve on our game. Trend on weekly, monthly and daily are all pointing down. Hope is not lost, all we have to do is control our emotions. Let us forget buying whatever is going down, except you know where the turning point is likely to be. For any stage a stock is, if you get into it at stage 4, at least probability of success will be over 80%.
Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis (https://twitter.com/AnalysisTarget) and is not to be distributed without our authorization.
2 Likes 1 Share
|Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 11:24am On Jun 13|
SEC Witch-hunting Oando, Wants Its Downfall—Shareholders
|Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 11:30am On Jun 13|
The corruption in this country is so endemic, you can still find people to induce to freely impersonate the real
God save the soul of 9ja.
6 Likes 1 Share
|Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy(m): 11:38am On Jun 13|
So to u, the probability of success(ur stage 4) is high in coys like OKOMU, PRESCO, GUINESS, CCNN and FBNH.
...but not as high in FCMB, ACCESS, CAVERTON, AIICO, MAY & BAKER, WEMA...?
It's alright then.
A core of ur ratings are great, but going into some of them at this time, can also be suicidal !!
I'll advise u tinker and season this ur technical view of things with fundamental variants, to have a much better perspective.
Kudos all the same.
|Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:46am On Jun 13|
He said “Avoid” equities in stage 4 in the picture
|Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:49am On Jun 13|
Yok what you wrote and what’s written on your picture are 2 different things.. you made a mistake or ?
|Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy(m): 11:52am On Jun 13|
Read the part of his post in bold.
...that my dear, was the basis of my revert to him !!
|Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:56am On Jun 13|
I think he made a mistake
|Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 12:07pm On Jun 13|
Nigerian Company Cancels $150m Milost Acquisition Deal
|Re: Nigerian Stock Exchange Market Pick Alerts by DOLLARTEX(m): 12:15pm On Jun 13|
mylose again? in other news,zenith seen at 19.95 .you go dey alright las las.
|Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 12:26pm On Jun 13|
On the bold part, that is why this country will NEVER move forward.....Wale and Boyo that should rot in jail....shior!
|Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy(m): 12:27pm On Jun 13|
On the flip side, if actually he meant what u re-echoed(avoid stocks in stage 4), then that means that u, @ Yayira should look to stay off some coys like FIDELITY, UBA, ZENITH and GTB, and perhaps embrace coys like JAIZ BANK and OANDO.
Well, u could if u would, but definitely not onegentleguy !!
For as long as we find it 'worthy', we shall continue to permute, albeit in spasms but strategically from the select 'souvenirs' that the market is currently dishing out.
The reason why great fruits germinate at a fast pace(when they do), is because healthy seeds were planted 'in time'.
The bears, like we have it now is usually a fantastic opportunity to plant such seeds !!
But then again, as u rightly pointed out, the make-up of that post is faulty.
@yok is'nt doing badly though !!
|Re: Nigerian Stock Exchange Market Pick Alerts by yok: 12:31pm On Jun 13|
AVOID ANYTHING IN STAGE 4
STAGE 4 IS AVOID (what I mean in the post is called wave 5, substitute wave 5 for stage 4 in the post referred to, wave analysis is like another background analysis supporting the stage analysis). However, if you spot a wave 5 reversal in any of the stages, you can buy.
Following the rules strictly according to Stan stages 1, 3, and 4 are no buy zone. However, looking at Nigeria avoiding stages these 3 stages mean you will be out of the market for so long.
Therefore, we have modified as avoid stage 4 as much as possible. But you can look for opportunities in stages 1 and 3 as they are close to stage 2 (if there is probability of a reversal to the bullish side plus some good fundamentals), but you know risk is high and may have to rely on your pain tolerant level to get out befor too much damage is done to your account/emotion.
The fact that you must have some basic knowledge of fundamental analysis is taken for granted here.
Thanking all for the comments, the errors noted will be corrected as I will be posting the public version with all my posts as much as possible.
|Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy(m): 12:44pm On Jun 13|
Viewing this topic: PharmAlfred and 11 guest(s)
|Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health |
religion celebs tv-movies music-radio literature webmasters programming techmarket
Nairaland - Copyright © 2005 - 2019 Oluwaseun Osewa. All rights reserved. See How To Advertise. 193