dollyp1cute:

Actually I agree with you to a certain degree there will still be some dips as some folks have not got their certs yet (moi for e.g. and girl is heavy on their IPO imagine if I borrowed money and had to offload)

I am in for the long haul so no shakin

yep me too. i do medium to long haul flights only! so though i walk through the valley of the shadow death, sorry price drop, i shall fear no evil.

The Admira:

Dear gurus in the house,

is it a normal thing for you to submit a buy order and after a week the order has not been executed?

i'm upset with the way my broker is nonchalant about the issue. can some one advise? should i accept his assurances that all is well? and as you know the website has been unusable for over a week now.

thanks.

Don't accept non chalance, let him explain why because it depends on the stock

If the guy is just being lazy or truly non chalant send him a complaint and copy in his Oga, tell them you will report them on  Nairaland.

To make it even more effective tell them you were thinking of investing more money with them and if possible dangle a N5m cheque in front of their nose, they will sit tight

Otherwise they may buy your stock when the plane has left the Tarmac.

wanaj0:

The insurance stocks saw RED today as expected!!!!

He be like some people go need medicine for High RED blood pressure  

Me I no dey there. The fear of TS is the beginning of wisdom. I remember how Zeniths TS crept up and hit many folks unawares. When they don't want you to know, you won't know.

Folks,
The TRW prices are wrong at least Unhomes and Linkage Assurance.
Unhomes closed at 9.48,making a gain of 26kobo   while TRW is showing it as a loss
Linkage made more gain than TRW is reporting.E b like dem rush post results before market close

Hey! I don waka enter trouble, see as the Afribank I bought at 27 plus few weeks ago has been losing steady, and to drop below PO level is simply bad.

And nobody knows what will happen, I would have averaged this one out, but the fear of futher falls since this has never happened to another stock. (Losing below PO price)

Are we sure something serious has not happened? Another Wema here?

blueband:

Folks,
The TRW prices are wrong at least Unhomes and Linkage Assurance.
Unhomes closed at 9.48,making a gain of 26kobo   while TRW is showing it as a loss
Linkage made more gain than TRW is reporting.E b like them rush post results before market close

Una see how the UnionHomes CICO pass in flying colours? If una collect your copy at a store near you as adviced 2 weeks ago, you go don dey bam bam to jollof this weekend.

Remember the winning formular.

Good Results_{(not necessarily spectacular)} + low nominal price = Quick profit.  - CICO 101.

[quote author=pumping777 link=topic=31554.msg1932856#msg1932856 date=1202476094]
Yes, it is possible but I won't say if it is normal. It depends on a number of factors. These include,

1. Is the stock readily available on the floor? If you gave your broker an order to buy AIICO last week and still no luck today, it is not abnormal. The stock has been scarce.

2. Did you give a price cap which is well below the high prices for the period? You may need to raise your bid for success especially if it is a low cap stock with net bid on the floor.

3. Is the turnover volume of the stock unusually low?

etc, etc

So if you want to get better input, you should say which stock(s) you requested for and at what price(s).
[quote][/quote]

i gave instruction for NEM, AIICO and PREMPAINTS(limit price of 5); i did not set any limit price for the NEM and Aiico.l volume traded on NEM and Aiico  have been high but prempaints has bn low(just checked).
thx.

@ pumping, am deeply involved in soaking Union homes two weeks ago, not ready to leave now, watching what will happen next week,

invisible!:

Hey! I don waka enter trouble, see as the Afribank I bought at 27 plus few weeks ago has been losing steady, and to drop below PO level is simply bad.

And nobody knows what will happen, I would have averaged this one out, but the fear of futher falls since this has never happened to another stock. (Losing below PO price)

Are we sure something serious has not happened? Another Wema here?

Nothing has happened. There is no interest in the stock. The problem is that the bank does not have an interim result that can be used to stimulate interest and stabilize or push up the price. Q-3 result has already been announced _{too early} to encourage folks to participate in a PO that was clearly overpriced.

Full year is March 2008 so no result can be out till August/September. Na only extraordinary bull market fit help this stock in my opinion.

The nominal price is average and the fundamentals are not spectacular. Na wa o  

No surprises for insurance there. The fall was predicted yesterday. Way expensive, result of hype.

NSE investing 101, be ready to dive out when you see too many gains without a corresponding performance/ reason for the rise.

The sector was ripe for the picking yesterday.

May

pumping777:

He be like some people go need medicine for High RED blood pressure  

Me I no dey there. The fear of TS is the beginning of wisdom. I remember how Zeniths TS crept up and hit many folks unawares. When they don't want you to know, you won't know.

 

So if the fear of T.S chases all the money / most of the from insurance sector abeg which sector do you think the money will land  

And remember share prices follow the money / market sentiment.

As for union I should have picked up more when DATAMAN don put mouth verify common man's observation, make greed no catch me ho

@ aktopgun

Thanks very much for your response. It makes a lot sense especially with your example. I have to start paying attention to these formations.

Cheers.

@dolyp1cute, I will vote for the banking sector to collect the bullish baton maybe next week, the billion of dollars in allocation money will soon find its way into the market.

Another factor to consider is the banks closing for this Q1 2008 may have to pay div and maybe bonuses before real unification by dec 08. This will up the price of GTB, Inter, FBN, UBN, Afribank etc.

My two cedis really.

The Admira:


Yes, it is possible but I won't say if it is normal. It depends on a number of factors. These include,

1. Is the stock readily available on the floor? If you gave your broker an order to buy AIICO last week and still no luck today, it is not abnormal. The stock has been scarce.

2. Did you give a price cap which is well below the high prices for the period? You may need to raise your bid for success especially if it is a low cap stock with net bid on the floor.

3. Is the turnover volume of the stock unusually low?

etc, etc

So if you want to get better input, you should say which stock(s) you requested for and at what price(s).


i gave instruction for NEM, AIICO and PREMPAINTS(limit price of 5); i did not set any limit price for the NEM and Aiico.l volume traded on NEM and Aiico  have been high but prempaints has bn low(just checked).
thx.

I don't think you can blame your broker. In your post  you said your broker re-assured you and this is something very important in the relationship between my broker and myself.

1. NEM -  First, let me advice you to cancel your NEM order if it is for short term since you did not place a cap. I believe it started bleeding yesterday. You asked for this stock to be bought when it was marking up almost 5% daily so it could have been difficult to get.

2. Aiico - This one has been no go area. It has been very scarce. Be careful with this stock. Not putting a cap on this order can injure your money. The stock will rise unreasonable and the price will dip suddenly. You don't want your order to be executed at the wrong price. I must buy more of this stock sha as it is TS proof and share dilution proof for another few months but not at ANY price.

3.Prempaints - you have answered this one yourself. The stock volume has been pathetic. On Wednesday, it sold only 600 units.  

So no report your broker to anybody o. Report am to himself or herself.  Your broker is your best friend. If you go report am, the man/woman go become official and na you go cry last.

But going back to insurance and the fear of TS, I woulnt mind getting trapped in a TS if it will be like the one of Aiico insurance.

I soaked up a lot of Unhomes at 7.70kobo and IEI.Especially IEI when it fell to 5.95kobo. Today IEI is 7.50kobo.I am wondering if it is a good move to buy some more.Something tells me it will hit 12 naira.But then I could be wrong bearing in mind that many people are only interested in the nominal price and don't care about  reconstruction when placing orders to their brokers.

@ the admiral, you strong oo. You were placing orders for unavailable stocks like prem. Paints, Aiico etc. This is a lesson I learnt the hard way. Now I make sure of the relative availability of a stock before placing orders, reduces my headaches.

invisible!:

@ the admiral, you strong oo. You were placing orders for unavailable stocks like prem. Paints, Aiico etc. This is a lesson I learnt the hard way. Now I make sure of the relative availability of a stock before placing orders, reduces my headaches.

Seconded!

dollyp1cute:

May  

So if the fear of T.S chases all the money / most of the from insurance sector abeg which sector do you think the money will land  

And remember share prices follow the money / market sentiment.

As for union I should have picked up more when DATAMAN don put mouth verify common man's observation, make greed no catch me ho

TS will not chase everybody away from the insurance sector. Only those that care so much about TS. Anyway, the Insurance stock prices will soon offer permanent resistance as they continue to rise and folks compare it to their performance when they release interim results.

invisible!:

But going back to insurance and the fear of TS, I woulnt mind getting trapped in a TS if it will be like the one of Aiico insurance.

Ha, but no TS for Aiico again. Aiico upward journey was guaranteed. It was under-valued at least relative to the other insurance stocks. With all these insurance stocks that are over-valued, I won't want to be trapped by their TS.

You can't predict what will happen to most of the others after TS is lifted especially if it is lifted in the bear season which is most likely. Moreover, that trapped money could have been working better elsewhere. Also look at the insurance stocks that are already on TS (STDINSURE, CUSTODYINS). Surely you can still get them to buy on the floor now.

My prediction is that most of the insurance stocks will still be available on the floor even during TS.

How una dey get bid price?

I wish we could buy/sell our shares by ourselves through some portal on our brokers website,like it is done here.Oneday we will get there,I suspect very very soon.

blueband:

How una dey get bid price?

I wish we could buy/sell our shares by ourselves through some portal on our brokers website,like it is done here.Oneday we will get there,I suspect very very soon.

By that time, na only 15% gain we go dey make in a year instead of in a week Leave this system jare  _{just kidding.}

@ blueband, I feel you. Just let our market mature some more, all these shakara wey the brokers dey do go stop.

@pumping, do you really think that online trading will erode returs in the stock market for trader?

What if company performance stays strong?

I respect your guruship.

pumping777:

By that time, na only 15% gain we go dey make in a year instead of in a week Leave this system jare just kidding.

Nothing lasts forever.MAke person enjoy the NSE now before e stabilise.But then who knows-if Governement divests from more companies and they are eventually listed on the NSE,imagine listing Ajaokuta Steel,Aladja Steel,Itakpe Iron ore,Nigerian Mining Coporation,Nigeria Railways.Surely as the economy improves some of these old bones will rise again.

And when the 70 billion naira textile money starts working maybe more Textile companies will get listed on the NSE.
Another big industry that we have not seen in the NSE is the print media-Thisday,Guardian,TheNews,Ovation.

The time to make 15% profit a year never near o!Maybe in 2010!

blueband:


The time to make 15% profit a year never near o!Maybe in 2010!

Agreed. Just like the time we will start trading without stock brokers never near too The two will tend to land at the same time

I am of the opinion that a bear run may have been triggered by thse insurance folks. Next week will confirm my fear.

I am still searching for hidden opportunities, one small price stock doing a slow reversal amid good fundamentals is catching my fancy, ha to mention am here will mean I may not see any to buy next week.
The fear of the deep pockets is the beginning of trading wisdom.

Supposing the NSE scraps this 5% cap on rise and falls, how will it impact on the market, negative or positive?

@ Pumping, Aktopgun, Invisible and all the gurus

Can someone explain to me why Standard Alliance is not moving like the other guys in the sector.

I checked the fundamentals are they look okay when compared to the others.

Any news wey I no know? Pls, help ooooo before I jump enter.

pumping777:

TS will not chase everybody away from the insurance sector. Only those that care so much about TS. Anyway, the Insurance stock prices will soon offer permanent resistance as they continue to rise and folks compare it to their performance when they release interim results.

I know that (I said most of) but a lot of folks care about T.S especially the silent market makers and not so silent ones on this thread. In the interim while insurance sector is getting it's permanent resistance and all the T.S shebang has died, most folks will move their money elsewhere.

I suspect banking is one sure sector, so the N50 bar may soon tip over my own theory o.

Anway heard the stockbrokers are coming to the market.

AllenG:

@ Pumping, Aktopgun, Invisible and all the gurus

Can someone explain to me why Standard Alliance is not moving like the other guys in the sector.

I checked the fundamentals are they look okay when compared to the others.

Any news wey I no know? Please, help ooooo before I jump enter.

I think it is on T.S

AllenG:

@ Pumping, Aktopgun, Invisible and all the gurus

Can someone explain to me why Standard Alliance is not moving like the other guys in the sector.

I checked the fundamentals are they look okay when compared to the others.

Any news wey I no know? Please, help ooooo before I jump enter.

Because it is on Technical Suspenion (TS) due to it's planned Public Offer. During this time, the price is frozen.

dollyp1cute:

I know that (I said most of) but a lot of folks care about T.S especially the silent market makers and not so silent ones on this thread. In the interim while insurance sector is getting it's permanent resistance and all the T.S shebang has died, most folks will move their money elsewhere.

I suspect banking is one sure sector, so the N50 bar may soon tip over my own theory o.

Anway heard the stockbrokers are coming to the market.
I think it is on T.S

It never even occured to me but now that you mentioned it. If these stockbroking guys will make entrants as "penny" stocks (and remain that way for a while unlike Big Treat and the likes) this could be another money spinning sector.

That N50 bar will surely be shattered this year but I'm just wondering how long we have to wait