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Nigerian Stock Exchange Market Pick Alerts - Investment (6210) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by Curry30: 11:12am On Jan 15, 2021
bigjay01:
Offers side of JapaulG has shown up. I have just sold off all my 280k units @ #1.49
Don't care what happens afterwards
Bye!

Sweet! Take what you can while you still can lol.
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 11:12am On Jan 15, 2021
IYGEAL:
Japaul may enter full offer today.
Nay!! Back to full bid again.......
Chai!! no be small thing ooo. Dey don almost push me commot for the bus.... grin

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 11:16am On Jan 15, 2021
UACN: Getting attention .......@7.80 now....

MANSARD: Quite a lot of transaction @ day's high......1.64.....

UCAP: Moving......@5.29 now....

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 11:20am On Jan 15, 2021
IYGEAL:


grin

had been in my portfolio for the past past 11yrs (last purchase Nov 2011).
It is not a stock I would have purchased based if i had known what i know now.
It can go on and do another 500% from here (I couldn't give a rats ass). I rather buy UGAZ at current prices
1 dead wood down, a few more to go

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:22am On Jan 15, 2021
If not fear of reconstruction,I should have taken position in transcorp.It appears to me as a very cheap stock at the moment.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by ojeysky(m): 11:24am On Jan 15, 2021
Mcy56:
FTNCOCOA: Moving again.....

I entered small at km .62k woke up to about 10% today, if I had entered big grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:25am On Jan 15, 2021
grin
Mcy56:
JAPAULGOLD: Full bid again! shocked
Not for the faint hearted.... grin
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 11:29am On Jan 15, 2021
bigjay01:


had been in my portfolio for the past past 11yrs (last purchase Nov 2011).
It is not a stock I would have purchased based if i had known what i know now.
It can go on and do another 500% from here (I couldn't give a rats ass). I rather buy UGAZ at current prices
1 dead wood down, a few more to go

Once bitten, etc cheesy

You probably still didn't gain from the sale. So you would have waited more. But I understand selling as it has stayed at 20k for long.
Re: Nigerian Stock Exchange Market Pick Alerts by Curry30: 11:29am On Jan 15, 2021
Buses I missed FTN and Japaul cry
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 11:29am On Jan 15, 2021
Mcy56:

Nay!! Back to full bid again.......
Chai!! no be small thing ooo. Dey don almost push me commot for the bus.... grin

The low volume should tell you to sell some units at today's high. But I know you know what you're doing, so.. wink

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by NewBola: 11:34am On Jan 15, 2021
Officially inside Transcorp bus
Follow follow no go kee me.... grin grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by lmm4real: 11:34am On Jan 15, 2021
Mcy56:

Nay!! Back to full bid again.......
Chai!! no be small thing ooo. Dey don almost push me commot for the bus.... grin

Them shave me sha, I sold off part.
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 11:35am On Jan 15, 2021
IYGEAL:
The low volume should tell you to sell some units at today's high. But I know you know what you're doing, so.. wink
Lol. Jumped out and in again......
Greed no go kee me...... grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 11:36am On Jan 15, 2021
NewBola:
Officially inside Transcorp bus
Follow follow no go kee me.... grin grin
grin grin
Transcorp is still safer at the junction you jumped in. Below N1 seems okay to me.

Hope you picked you DS that time you asked. It refused to fall lower since that pullback....
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 11:37am On Jan 15, 2021
Fridays and up and down movement. Have we met $70m benchmark on Japaul grin
Re: Nigerian Stock Exchange Market Pick Alerts by jamace(m): 11:39am On Jan 15, 2021
Mcy56:
FTNCOCOA: Moving again.....
Thanks for the motivational commentary.. grin

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 11:42am On Jan 15, 2021
Mcy56:

Lol. Jumped out and in again......
Greed no go kee me...... grin

No go test the debt of the river with both legs o

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:42am On Jan 15, 2021
grin
NewBola:
Officially inside Transcorp bus
Follow follow no go kee me.... grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 11:42am On Jan 15, 2021
lmm4real:
Them shave me sha, I sold off part.
Still okay. You played safe nah.
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 11:43am On Jan 15, 2021
Zagee:
Fridays and up and down movement. Have we met $70m benchmark on Japaul grin

That 70m news you posted was an old news. You know right? Like September last year.
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 11:54am On Jan 15, 2021
Yeah, sure, but that's the genesis
IYGEAL:


That 70m news you posted was an old news. You know right? Like September last year.
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 11:55am On Jan 15, 2021
In the meantime
https://www.premiumtimesng.com/business/business-news/436701-nigerian-authorities-seize-first-banks-assets-over-shells-n183bn-debt.html
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 11:58am On Jan 15, 2021
ACCESS: Moving gradually........9.60 now .....We shouted this bank so tey for here. Blame yourself if you didn't enter at bargain.

One of the ogas said we're mentioning penny stocks cos we want to dump on people. What about the many big/medium caps we've been mentioning for many months back?
Who even told you that Mcy have many of the stocks she's telling people to pick here?
If they make profit will they even remember to say thank you to Mcy or any of the ogas here? Or is it coming to anyone's pocket?
You're forgiven sha. cool

Make Una sha remember to pay your tithes and thank God too.

7 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by nna777: 12:02pm On Jan 15, 2021
Mcy56:
JAPAULGOLD: Full bid again! shocked
Not for the faint hearted.... grin

grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by nna777: 12:05pm On Jan 15, 2021
Zagee:
Fridays and up and down movement. Have we met $70m benchmark on Japaul grin

They haven't even raised up to #1Billion yet. From the report I read, they will need to raise $70 million within 12months which I think started from December last year. I still see more upside. Not a buy recommendation.
Re: Nigerian Stock Exchange Market Pick Alerts by nna777: 12:08pm On Jan 15, 2021
IYGEAL:
This is a sign that the euphoria has reached a significant point. Lower volumes mean it would soon start seeing offers and bids from next week.

. Keep watching the bid volume, it will soon increase before 2pm.
Re: Nigerian Stock Exchange Market Pick Alerts by yinkacrown(m): 12:12pm On Jan 15, 2021
You are adding great value to members of this forum.

I always look forward to your 'Systematic_Trader' posts.

Well done !



ositadiima1:


I am not going to go into the details regarding the equation that outputs the RSI values, it is quite well documented online. For u guys that like books you can check out 'New Concepts In Technical Trading Systems' by J. Wilder himself. In there you will find the RSI and other indicators developed by the author.

With a python script I was able to run a few tests and deciphered a few things.

The RSI possesses predictive powers, but, you have to dig deep to get to it.

I will not be posting detail results this time maybe later.

These set of parameters made ok returns in my back test:
1. I used the standard 14 day period to compute the RSI
2. Buy when RSI goes to 30 or below (Number 3 must be true for this to be true).
3. Buy only if the volume traded on the previous day was 20,000,000 or above (It doesn't matter what stock it is).
4. At least a 90 days holding period after stock purchase. You need huge discipline for this, their will be ups and downs.
5. Invest same amount on each trade i.e N500,000 or what ever. (Don't worry, trades matching this criteria will be very few)

Some results:
1. Stock data: March, 2020 to December, 2020
2. In total 20 trades: 18 winning trades and 2 losing trades.
3. Used 500,000 per trade
4. Total turnover was 10,000,000
5. Profit after trading fees 3,894,000

In fact, I will be adopting this strategy after a few more tests grin

#systematic_trader
Re: Nigerian Stock Exchange Market Pick Alerts by Odiase23: 12:24pm On Jan 15, 2021
How is the market ?
Re: Nigerian Stock Exchange Market Pick Alerts by NewBola: 12:25pm On Jan 15, 2021
Mcy56:

grin grin
Transcorp is still safer at the junction you jumped in. Below N1 seems okay to me.

Hope you picked you DS that time you asked. It refused to fall lower since that pullback....

I missed that bus not wanting to enter high
Watching it sha... Might take some time though
Re: Nigerian Stock Exchange Market Pick Alerts by NewBola: 12:28pm On Jan 15, 2021
Opted for more JB instead
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:37pm On Jan 15, 2021
NewBola:
I missed that bus not wanting to enter high
Watching it sha... Might take some time though
You could have just make up your mind and pick some units. It's okay anyway.
If you see it @20 or below you may just pick some.
This stock stayed so long at 10/11 region before it finally moves.

**Remember DD applies**
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:39pm On Jan 15, 2021
UACN:
Quite a lot of volumes @7.80.......
Could it be that they're planning to reward shareholders from their UPDC-REIT sales?
We wait and see.......

FMN: 32.45 as at now..........up with 2.45

1 Like

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