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Re: Stock Market Tips For Nigerians by FatherOF2: 8:08am On May 01, 2008 |
debenzd : I think you sent this on the 27th. Many companies pay their staff salaries before the month actually ends. I think that's what will be going on this week. Some will be searching for where to put that salary anytime this week and next week. The new month is starting at the tail end of the week. On the otherhand, looking at yesterday's transactions, e be like exception dey for 100k rule. i saw many sub 100k making price changes.It seems dem don throway rule after two days of implementation. Market was looking dull and lethargic. |
Re: Stock Market Tips For Nigerians by FatherOF2: 8:11am On May 01, 2008 |
ololufemi, How have you been. Hope market no chop one of your leg?. |
Re: Stock Market Tips For Nigerians by FatherOF2: 9:10am On May 01, 2008 |
jonijoscom: Woow, this may be a little late. Don't know much about this Cashcraft people,but i think someone who has had a relationship with them (pumping) has already given you a suggestion.My only problem with that is just the lack of evidence to prove that you indeed tried to cancel the DSR order.He could also deny this.But follow it up. In trying to get Cashcraft to reverse this order, since it seems the whole thing was done by word of mouth from both sides(you and account officer),i think you can as well deny to your account officer that you never issued any buy order for DSR. If he says you did, let him prove it. If you're sure your account officer will have no evidence to prove that you instructed him to ever[b] try to buy [/b] any DSR (whether 20k oh or 50k) i think you can get a lawyer to execute. Very sorry about this predicament of yours. I guess the bank should be either Diamond or FCMB. It very important to maintain a good relationship with your banker friend. This is just a bad timing for you, but i think you should have sold off to settle with the bank. I'll advice you be strong over this issue, like they say " WHAT WILL NOT KILL YOU WILL ONLY MAKE YOU STRONGER". It underscores why you need to maintain the friendship with your bank because when you're stronger, you may still need them. On another note also. INTERNET OR NO INTERNET. Try and get registered with CSCS tradealert. At least there must be GSM in the village. I know one of the services offered by CSCS thru its tradealert is to inform/alert investors of unauthorised transactions so they can quickly reverse the orders once they are alerted.You can start immediately on this, you can't be sure a thing like this will not repeat itself. |
Re: Stock Market Tips For Nigerians by u2fyfy(m): 10:01am On May 01, 2008 |
@jonijoscom, sori about ur experience o bro. Its not all bad though because so many people will learn from your misfortune. someone i used to know had similar experience with his brokers, not cash craft. I think yu got generally good advice, and comments. the one aout trade CSCS alerts is the best yet. So SEUN how does one get these CSCS trades alerts, please |
Re: Stock Market Tips For Nigerians by agaba123(m): 11:23am On May 01, 2008 |
Hi friends The bears in the market are very ravaging. My portfolio is really bleeding. |
Re: Stock Market Tips For Nigerians by debenzd(f): 2:56pm On May 01, 2008 |
FatherOF2: It is great to see you back online. make u no let work keep you away too much from d thread. The 100K rule is funny. I can't seem to get anyone broker to explain how it works. On broker told me that they will still make their cash and infact more with this new rule although he said one should keep away from fundamentaless stocks. The lethargic mood of the market is an understatement. But to think that some peole still dey make serious cash, How u see eterna? Their result no good although they give a bonus. Never hopped on that train though. |
Re: Stock Market Tips For Nigerians by debenzd(f): 3:06pm On May 01, 2008 |
u2fyfy: Try to get in tough with your broker so he can give the information required i.e. Broker code, Investor code and Clearing house number. You can then log in to CSCS and register online for the trade alert. Alternatively someone said you could call directly and give them d info and it will be activated. 8923627-8 8179742 08023067089 |
Re: Stock Market Tips For Nigerians by debenzd(f): 3:07pm On May 01, 2008 |
agaba123: Na d same with everybody o! |
Re: Stock Market Tips For Nigerians by FatherOF2: 3:41pm On May 01, 2008 |
debenzd: Hahhahahahha, Eterna is a funny one. I never expected bonus on Eterna,but i know say loss will come. I'm as guilty as the brokers for the touch and Go i did on Eterna twice this year.Lets see how it goes from tomorrow though. Can't touch Eterna at its current level. Fidelity looks better for me, its on recovery. Just hope they don't suck out all the juice before Q3. |
Re: Stock Market Tips For Nigerians by FatherOF2: 3:53pm On May 01, 2008 |
debenzd: When there is a will, there is a way. SEC will make another rule to counter the loophole around this current rule. |
Re: Stock Market Tips For Nigerians by FatherOF2: 4:05pm On May 01, 2008 |
I don't mind going to bed with LASACO tomorrow if i can bid it at N3.73 or N3.78. That would be a comfortable spot to sleep. |
Re: Stock Market Tips For Nigerians by debenzd(f): 5:35pm On May 01, 2008 |
FatherOF2: Fidelity fit no go pass 11 o! With d candle when e do so. But let's see what tomorrow will bring. |
Re: Stock Market Tips For Nigerians by nkc(m): 5:42am On May 02, 2008 |
@fo2 hope yur laptop is still in shape afta d last time it had a problem dis gtb is coming close to a good entry price again, should one pick much more or sit still |
Re: Stock Market Tips For Nigerians by FatherOF2: 7:35am On May 02, 2008 |
nkc: Thanks for that. My laptop is much better. Too much beta inside now.I'm very carefull not to download any rubbish online.That's how the virus got in the first time and i have Norton doing the protection now. Yes GTB is in a very safe reentry point again. |
Re: Stock Market Tips For Nigerians by FatherOF2: 7:37am On May 02, 2008 |
debenzd: Remember 0-3 months. I don't do candles. |
Re: Stock Market Tips For Nigerians by debenzd(f): 9:15am On May 02, 2008 |
FatherOF2: You got me there sha! Na we dey always hurry to sell after 1 week. We still have a lot to learn on this CICO thing! I hope the 9 months result creats a bullish effect. It will be very good for d stock. I kept it for 6 months after which I sold off some portion of it. By the way though, why don't you do candles? |
Re: Stock Market Tips For Nigerians by BHG: 9:46am On May 02, 2008 |
FatherOF2: I just wanted to quickly commend FatherOF2 on his constant loyalty to this forum.I've been viewing this forum for a few months now and have learn' so much from it.I realised only recently why activity has slowed down on it. Even though i don't agree with what Seun did,i do beleive a lot in loyalty.And loyalty is not known until it's tested.the lesson i have learn't the most so far though is to ensure that if you are in a venture that can be replicated by another person,you have to constantly be at the cutting edge. Seun,i beleive in your vision and i know that you made mistakes,but i can see you shine again.I want you to realise that i do not blame ANY of the guys that moved on to another site (because we are all human beings),but i know you can dream again!. People (i inclusive) can take your coat of many colours,but your dream can't be taken. Seun,FatherOF2 et all,keep the fire burning and i hope this month of May shall be profitable to us all. |
Re: Stock Market Tips For Nigerians by FatherOF2: 12:07pm On May 02, 2008 |
BHG: BIG Amen to that line. |
Re: Stock Market Tips For Nigerians by abujabooks(f): 12:09pm On May 02, 2008 |
@Father of 2, How are you sir? I want to say thank you. I have learnt a lot from you. Greetings to your family. |
Re: Stock Market Tips For Nigerians by babyzze(f): 12:19pm On May 02, 2008 |
please what you guys think of manivest asset management. |
Re: Stock Market Tips For Nigerians by FatherOF2: 12:22pm On May 02, 2008 |
debenzd: If you remember well. I was made a challenge to it sometime ago. Its good alright. But its skews your perspective in looking at the real direction of where a stock is heading. When a profittaker attacks today, candle will tell you by close of the day, and many will react next day. But that may not be the true picture. Its like embarking on a journey.You may have a blown tyre or something,but you'll still change it and make your way to your destination. For me overtime, i have averaged short term to between 0-3months(sometimes a little more or less), within this time, a good stock must act. That is short term. But the wan wen traffic light go dey change from red to green to yellow daily, that na ULTRA ULTRA SHORT TERM. I think i prefer to sleep well on a daily basis.At best if you want to have a view of stock, give it like 2weeks to understand its behaviour particularly if you were well positioned from the start. |
Re: Stock Market Tips For Nigerians by FatherOF2: 12:23pm On May 02, 2008 |
abujabooks: And Greetings to your family too. |
Re: Stock Market Tips For Nigerians by debenzd(f): 4:20pm On May 02, 2008 |
@Fatherof2, I see your point. Ultimately you have built a strategy that best suits you. I hope I can eventually get to a stage where I fully evolve one I am comfortable with. |
Re: Stock Market Tips For Nigerians by husu(m): 4:40pm On May 02, 2008 |
@father of two,i hope these bears reach ure side too? |
Re: Stock Market Tips For Nigerians by RoughCut(m): 5:55pm On May 02, 2008 |
FatherOF2: He be like say Papa God don answer your prayers its now trading at less than the PO price |
Re: Stock Market Tips For Nigerians by FatherOF2: 6:47am On May 03, 2008 |
husu: E no get who e no reach, e even reach my broker. E reach me in the sense that some bank when i buy before at cheap prices e be like virus change the price back to the former price. But the good thing is this. Earlier in the year, we did a lot of profit extraction which i preached about.I wasted no time in taking out my profits in Jan and February.I didn't want to hear tori later. But i just put more legs back into three banks again. Too juicy a price to miss. |
Re: Stock Market Tips For Nigerians by JAZES(m): 7:05am On May 03, 2008 |
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Re: Stock Market Tips For Nigerians by FatherOF2: 7:16am On May 03, 2008 |
RoughCut: Hey Roughcut my brother. How is you. God is doing the right thing with SkyeBank(apologies to those who own it already). I know say e go fall despite that fantastic result wen dem do. Lets see if it will find resistance around N15 on Monday. I can pick. But after the next rise, i won't stay long oh. Year end still far small. |
Re: Stock Market Tips For Nigerians by debenzd(f): 11:14am On May 03, 2008 |
FatherOF2: I agree to this o!. Me I dey wait am. PO units go soon enter. Dat go be another tori. |
Re: Stock Market Tips For Nigerians by FatherOF2: 12:15pm On May 03, 2008 |
debenzd: Hahahahah.Nobody wan hear tori again. |
Re: Stock Market Tips For Nigerians by debenzd(f): 3:56pm On May 03, 2008 |
-------------------------------------------------------------------------------- @NN, I just go off the phone with another broker. He said absolutely that the "TRADED VOLUME" must be 100,000 units and it does not matter if the stock was on bid for 2million units. He said there may have been hitches like we saw with Joh holt on the first day but the statement above is what the rule implies. So na hello highly capped stocks for moi. |
Re: Stock Market Tips For Nigerians by bioye(m): 4:18pm On May 03, 2008 |
@FatherOf2 and company, I eventually signed up with 4 different brokers and I'm bracing to start trading Monday. I intend to have max 10 stocks in my portfolio at any time with value of between 200,000 naira to 800,000 naira per stock. Despite the bearish situation, I can see that some stocks are still weathering the storm. So, can any one give me hints at to what stocks to look at, the entry conditions and the exit conditions? Remember I have a short-termer's view. Thanks all in anticipation. |
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