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Stock Market Tips For Nigerians - Investment (700) - Nairaland

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Re: Stock Market Tips For Nigerians by osazeet(m): 10:08am On Mar 21, 2008
@ all, This bearish market will not be too long, it will always be bearish at every month ending especially this easter period, by the begining of april market will become bullish again when people must have received their salaries and monies coming from US and other countries. so every wise investor should not panic at the moment is only temporary. so this is the best time to accumulate your stocks like firstbank, Japaul oil, Oceanic bank, aiico insurance, transcorp, fcmb etc happy weekend
Re: Stock Market Tips For Nigerians by aktopgun(m): 10:21am On Mar 21, 2008
Mbenefit crying out for help!

Re: Stock Market Tips For Nigerians by doncaster(m): 10:22am On Mar 21, 2008
osazeet:

My broker wispered hope to me of what NDIDI disclosed to her about TRANSCORP,
Hmm is this not inside trading if that NDIDI is NDI of NSE.
Re: Stock Market Tips For Nigerians by jideakin1: 10:52am On Mar 21, 2008
Quote from Omoba3
If I can compress the file small enough I go giv u ebook for abela



Abeg give me the book, Armed robbers don snatch my laptop, all my recently acquired books gone.
Thank God say I backup my spreadsheet where all my NSE money dey, else I for follow dem fight oh!
Re: Stock Market Tips For Nigerians by aktopgun(m): 10:59am On Mar 21, 2008
NEM's candle suggests a rise coming in the days. a gravestone doji on thursday would suggest renewing interest in the stock. it has violated its trendline with thursday's close but looks to recover from that violation.

Re: Stock Market Tips For Nigerians by Prince11(m): 11:03am On Mar 21, 2008
@AKT, where is IEI and Bigtreat heading, candle-wise?

Thanks.
Re: Stock Market Tips For Nigerians by aktopgun(m): 11:11am On Mar 21, 2008
@my prince11 grin

bigtreat-https://www.nairaland.com/nigeria/topic-31554.21984.html. here's what i thought of it to naijadr a couple of days ago
Re: Stock Market Tips For Nigerians by buzzgonz(m): 11:14am On Mar 21, 2008
aktopgun - men i read through your blog,nice articles can we have a chat in yahoo now! YIM = " lr4dollar "
Re: Stock Market Tips For Nigerians by aktopgun(m): 11:25am On Mar 21, 2008
IEI is also looking like it may continue for a few days more.

here u go my prince  cheesy

Re: Stock Market Tips For Nigerians by aktopgun(m): 11:29am On Mar 21, 2008
buzzgonz:

aktopgun - men i read through your blog,nice articles can we have a chat in yahoo now! YIM =  " lr4dollar "

I CANT FIND U ON YIM
Re: Stock Market Tips For Nigerians by aktopgun(m): 11:38am On Mar 21, 2008
eniyanman:

exactly. that's why I asked if Pumping had closed his position (if not his losses will be around 15%). The insurance sector is a mine-field. You won't fnd me there!!

I AM ON THAT PLANE TOO BUT AS I HAVE SAID BEFORE, I DO LONG HAUL FLIGHTS. I AM IN THE RED ON IT AS WELL BUT NOT PARTICULARLY WORRIED. WILL WAIT OF RA BULL RUN TO RECONSIDER MY POSITION ON IT  (ie i have not shorted my position based on this bear attack)

btw, are u an investment banker or anything along those lines by any chance?
Re: Stock Market Tips For Nigerians by aktopgun(m): 11:48am On Mar 21, 2008
eniyanman:

I be investment banker to myself  grin. Nope, I'm not into investment banking but suffice to say they use similiar algorithms to the one I use in my everyday work.


fair enough. so did u notice the bottom we were talking about hte other day. i think it was dunlop wasnt it? cant remember.
Re: Stock Market Tips For Nigerians by buzzgonz(m): 11:49am On Mar 21, 2008
Bros what do u mean?, i said lets chat on yahoo. wink
Re: Stock Market Tips For Nigerians by FatherOF2: 11:54am On Mar 21, 2008
dvonne:
Please i have Japaul oil, Transcorp and Livestock that i just bought recently day after i bought it started bleeding, lol, i am lucky as i only bought very little as i am only experimenting this Stock thing,
Don't know if i shld count my lose and sell and put the money in ABC transport,ikeja hotels or where,
To be honest,been reading this thread religiously for about a week now
please can someone please suggest 2 good fundamental stock the bear has beaten that i can enter for meduim term
Also shares that i should have for long term
as well cico, I hope my ignorance is not too glaring

Based on the bold print above, supplement and look in the direction of :

BOC & FLOURMILLS

on Tuesday & Wednesday.
Re: Stock Market Tips For Nigerians by aktopgun(m): 11:56am On Mar 21, 2008
I found this funny and thought i'd share it. The unlevel playing field on the NSE cheesy cheesy cheesy cheesy

Re: Stock Market Tips For Nigerians by pumice(m): 11:57am On Mar 21, 2008
@ aktopgun

I just woke up now and I saw you question a few pages back on DSR. I immediately went to nigerian securities to have look. I noticed the trendline bounce that SavvyLanre saw correct guy. Remember that's the same trendline I entered in a while ago I'm still in. But I was stuck when you said it wasn't in the candles. I didn't even notice the positive divergence on the in the MACD. So there is more than one indicator suggesting coming price direction.

That's very perceptive of you aktopgun. Your analyses is growing from strength to strength and I really appreciate what you give on this thread.  Thanks a lot for your insights.

Cheers.
Re: Stock Market Tips For Nigerians by EKWA(m): 12:03pm On Mar 21, 2008
RELTEL PRIVATE PLACEMENT is coming out soon keep your money down ,spoke to their manager Tony Okonkwo this morning my good friend and family member.
Re: Stock Market Tips For Nigerians by aktopgun(m): 12:07pm On Mar 21, 2008
@fof2

good morning sir, happy easter, i hope u have seen my campaign to have u back here full time, is this to say u are back with us fully? pls say yes! grin grin

Re: Stock Market Tips For Nigerians by aktopgun(m): 12:23pm On Mar 21, 2008
pumice:

@ aktopgun

I just woke up now and I saw you question a few pages back on DSR. I immediately went to nigerian securities to have look. I noticed the trendline bounce that SavvyLanre saw correct guy. Remember that's the same trendline I entered in a while ago I'm still in. But I was stuck when you said it wasn't in the candles. I didn't even notice the positive divergence on the in the MACD. So there is more than one indicator suggesting coming price direction.

That's very perceptive of you aktopgun. Your analyses is growing from strength to strength and I really appreciate what you give on this thread.  Thanks a lot for your insights.

Cheers.

grin all this for me. i just dey learn jare but thanks for the compliments. i am good student abi
Re: Stock Market Tips For Nigerians by blueband(m): 12:38pm On Mar 21, 2008
This nairaland must be the site with the "most related" posters.

Aktopgun,how far now?How was the Benny Hinn thingy?

I need expo for coming week o.Have some dormant funds .Abi make I save am re-enter ABC?for quick CICO.
Re: Stock Market Tips For Nigerians by mecatchcha: 12:42pm On Mar 21, 2008
@AkTopGun, @FO2, @All,

Ageb, anybody fit analyze Dunlop for me. I got a trailer load few days back at 5.72. What do you think about the price movement? Heard so much the past week about Dunlop but am still in the dark about their state and fundamentals.

Thanks.
Re: Stock Market Tips For Nigerians by blueband(m): 12:45pm On Mar 21, 2008
mecatchcha:

@AkTopGun, @FO2, @All,

Ageb, anybody fit analyze Dunlop for me. I got a trailer load few days back at 5.72. What do you think about the price movement? Heard so much the past week about Dunlop but am still in the dark about their state and fundamentals.

Thanks.

You are doing the last thing first.You should have found out about the company before going into it.Cos now,people ll be cautious in advising you so that you wont end up having an unhappy holiday.I also bought into it,though higher than you ,I have moved it into my long term portfolio though.
Re: Stock Market Tips For Nigerians by aktopgun(m): 12:46pm On Mar 21, 2008
eniyanman:

@all,
For those using TA, especially charts for CICO, please pay attention to Chaikin Money Flow. With the NSE, always see where the money is going. Indicators like RSI, MACD are not very quick in observing money in-flows. They eventually do, but where a quick 10-15% gain is required, I advise you use Chaikin.

Disclosure: I have not tried this myself.

money flow alone never tells the full story and its not advisable to use one indicator. it can actually lag further behind the RSI or macd histogram

actually, macd and rsi do not look at money flow (sure u know that though). apples and oranges scenario.  grin grin.

another indicator that does look at that is the money flow index (it is too similar to the RSI for me) but i have to admit i prefer the chaikin money flow probably cuz of the bar chart-like representation.

the most important thing with the chaikin is the gradient - thats what tells the real story

abi i no correct? see example

Re: Stock Market Tips For Nigerians by pumice(m): 12:49pm On Mar 21, 2008
aktopgun:

grin all this for me. i just dey learn jare but thanks for the compliments. i am good student abi

Guy you deserve it.

Meanwhile taking another look NEM, it's possible we could draw another trendline using the lowest low that would allow the doji to be above the support which would mean confluence and thus a reverse is pending. What do you think?

Personally I'm more worried about the resistance above. The stock has been in a down trend these past weeks, and with the bears back in town I'm not sure it can develop the momentum to break this resistance. My 2 kobo.

Cheers.

Re: Stock Market Tips For Nigerians by aktopgun(m): 12:51pm On Mar 21, 2008
blueband:

This nairaland must be the site with the "most related" posters.

Aktopgun,how far now?How was the Benny Hinn thingy?

I need expo for coming week o.Have some dormant funds .Abi make I save am re-enter ABC?for quick CICO.

u want some of my anointing abi! grin grin grin. it was great and i'm back for more this evening. for next week as FOF2 don talk and the charts show boc as a possible candidate.

i dont need to add caveat for u ke! grin grin
Re: Stock Market Tips For Nigerians by aktopgun(m): 12:59pm On Mar 21, 2008
pumice:

Guy you deserve it.

Meanwhile taking another look NEM, it's possible we could draw another trendline using the lowest low that would allow the doji to be above the support which would mean confluence and thus a reverse is pending. What do you think?

Personally I'm more worried about the resistance above. The stock has been in a down trend these past weeks, and with the bears back in town I'm not sure it can develop the momentum to break this resistance. My 2 kobo.

Cheers.

interesting. but u see, its not always a good idea to draw trendlines that touch the price when they(the prices that touch the trendline) are too close together.

u be winch sha cuz i was doing the same thing on the NEM last night but had to draw 3 trendlines to get acceptable touches on the line. that resistance is a worry in this season but short term CICO (ie ultra-short CICO)may have to be the adopted strategy.

if u draw a trendline from a more recent price bottom then the convergence becomes more obvious
Re: Stock Market Tips For Nigerians by mecatchcha: 1:07pm On Mar 21, 2008
blueband:

You are doing the last thing first.You should have found out about the company before going into it.Cos now,people ll be cautious in advising you so that you wont end up having an unhappy holiday.I also bought into it,though higher than you ,I have moved it into my long term portfolio though.

Oga Blueband,

Thanks for your reply. I thought they are turning around. sad sad sad sad sad. Well, when you said long term, that one scared me. What about a month from now? I know say caveat empty aplly wella.

@AkTopGun,

Oga AK, abeg shine your candle on Dunlop for me.
Re: Stock Market Tips For Nigerians by aktopgun(m): 1:07pm On Mar 21, 2008
pumice:

Guy you deserve it.

Meanwhile taking another look NEM, it's possible we could draw another trendline using the lowest low that would allow the doji to be above the support which would mean confluence and thus a reverse is pending. What do you think?

Personally I'm more worried about the resistance above. The stock has been in a down trend these past weeks, and with the bears back in town I'm not sure it can develop the momentum to break this resistance. My 2 kobo.
Cheers.


on a lighter note, i thought we agreed we would all contribute at least N1 per post and stop all this 2kobo posts  grin cheesy cheesy grin

abi no be so faketan! cheesy
Re: Stock Market Tips For Nigerians by pumice(m): 1:13pm On Mar 21, 2008
aktopgun:

interesting. but u see, its not always a good idea to draw trendlines that touch the price when they(the prices that touch the trendline) are too close together.

u be winch sha because i was doing the same thing on the NEM last night but had to draw 3 trendlines to get acceptable touches on the line. that resistance is a worry in this season but short term CICO (ie ultra-short CICO)may have to be the adopted strategy.

if u draw a trendline from a more recent price bottom then the convergence becomes more obvious

Nice one. I had the same problem about where the trendline would fall and how aggressive I should be. I like 'ULTRA SHOT CICO'. Nice way to give a heads up.

P.S. I must have missed that memo about the =N=1 post grin. Rest assured, from now on, it's only =N=1 and above contributions I will be giving. grin grin grin

Cheers.
Re: Stock Market Tips For Nigerians by aktopgun(m): 1:27pm On Mar 21, 2008
@mecatcha

dunlop. As u know caveats apply grin grin

Re: Stock Market Tips For Nigerians by kayodus(m): 1:36pm On Mar 21, 2008
NSE denies knowledge of Afroil, Capital Oil suspension
By Obinna Chima
Published: Friday, 21 Mar 2008


The Nigerian Stock Exchange has said it is not aware of the indefinite suspension placed on trading in the shares of Afroil Plc and Capital Oil Plc by the Securities and Exchange Commission.


The Principal Manager, Corporate Affairs, NSE, Mr. Shola Oni, said on Thursday that the NSE was yet to receive any information from SEC on the suspension of the shares of the two oil companies.

Oni said, “We read the story on the pages of the newspapers just like every other person and I think that will not be the best for the system. The relationship between the stock exchange and SEC has always been cordial, but there should always be due process.”

SEC had, on Wednesday, announced an indefinite suspension of trading in the shares of Afroil and Capital Oil on the NSE. The commission said the decision was a fallout of an investigation into the activities of six companies, announced on February 15, 2008.

According to the commission, the two companies were involved in insider dealings.

The commission had declared that the basis for the continued trading and rise in the prices of the shares on the exchange, no longer existed, adding that the decision was to protect stock market investors.

Prior to the commencement of the investigation, the Director-General, NSE, Prof. Ndi Okereke-Onyiuke, had flayed SEC for not informing the Exchange about the activity.

Our correspondent gathered that, despite the suspension, there was still trading in the shares of the companies.

Some stock brokers said that the shares of the companies were, largely, in offer on Thursday as investors were apprehensive over the announcement.

The stock brokers, who spoke on the condition of anonymity, berated SEC for not informing the NSE before carrying out any activity on the Exchange.

According to them, the perceived unhealthy relationship between both organisations can create tension in the capital market.

“We all agree that SEC is the regulator of the capital market, but there should be due process in everything. The commission has to understand that the NSE, to an extent, is also a regulatory body.

Without the stock exchange, I don’t think there will be anything for SEC to regulate,” a stockbroker said.

At the end of trading on Thursday, Afroil, which sold at N24.13, traded 4,424,117million shares, valued at N106.754m in 342 deals.

For capital oil, 3.414 million shares worth N55.006m were traded in 144 transactions. It sold at N16.11
Re: Stock Market Tips For Nigerians by sscofield: 1:42pm On Mar 21, 2008
Hi All. A friend recommended this site as the problem solver for someone like me who is confused with my stock investments and decision.
Quite new to this market and I have already been burnt by some wrong buys.

Here is my plead ladies n gentlemen. Can someone suggest how I can reorganise my JJC starter portfolio to survive this bearish season.

Got the following:  Please help!!! Folks , how can I reposition myself ? Thanks n God bless

StockCode Units Unit Price Total Current  Price New Total GAIN                Entry Date % Gain
LASACO                70,000 5.55 397,940.56 5.00 350,000.00 -47,940.56 03-Mar-08 -12.05%
EQUITYASUR 70,000 5.4 387,185.40 4.06 284,200.00 -102,985.40 20-Feb-08 -26.60%
ETERNAOIL 20,000 33.07 677,472.02 49.40 988,000.00 310,527.98 28-Feb-08 45.84%
UNIVINSURE 70,000 3.5 250,953.50 3.31 231,700.00 -19,253.50 07-Mar-08 -7.67%
ABCTRANS 40,000 7.12 291,720.64 6.34 253,600.00 -38,120.64 12-Mar-08 -13.07%
TRANSCORP 50,000 3.78 193,592.70 4.55 227,500.00 33,907.30 12-Mar-08 17.51%

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