₦airaland Forum

pumping777:
Correct guy. I have one major disadvantage as I don't have an agbero broker. I try to anticipate and buy early but hopefully near the lowest price of the day when the price is still falling. If the price spikes on Monday and the stock goes on bid, na story my ajebo broker go dey talk 

aaah.

i see where u are coming from. i am in the same boat. well done thinking pumping.

any more charts u'd like just holla

ON UNIC  

by the way pumping u are big cahonnes to go for this in the short term one u know. admirable. what time frame are u looking at?

PUMPING, I am sure u've looked at the chart but i thot i'd post it here for the others.

on MBENEFIT.

unic will follow

FIRSTINLND: AND THOMAS WYATT LIFTED FROM SUSPENSION

TODAY THE EXCHANGE LIFTED TECHNICAL SUSPENSION ON FIRST INLAND BANK AND THOMAS WYATT.



from trw

Fellas who own niwicable for short term trading,(what is that anyway?)

it looks like a resistance level is forming at around N13 and may even drop.

it opened higher today at N13.84 but the bears dragged it back down to N13 thus closing lower than yesteerday's close. all this on the back of high volumes today.

if u are not in for the long haul u might want to consider ur position as of today or monday.

JAPAUL

pumping777:
I can't recall who brought up the issue of Japaul.

Like I suspected, the fall of Japaul has been halted and it spiked 5% today after some gains yesterday as well. This is an opportunity for you to test your greed level again. I asked that you wait for another short bull run to sell. Are you ready to sell tomorrow? You would have cut your losses or increased your gain especially if you try to sell at the high for tomorrow. If you decide to wait to see where it gets, hmm, note that it can come down again.

At around N12, Japaul was too obvious a CICO stock. I could not resist it. 

Happy investing.

was it here i mentioned that i thought japaul would rise again soon after it did a dragonfly doji yesterday or was i mumbling to myself again. must be. anyway it has risen as expected. ride it whilst u can and enjoy it

grabdaloot:
Daddy Napolean,

I no qualify to be your 2nd born sef. By the time wey you get your first pikin I no sur say my mama don meet my papa. This web/internet sef. Anyway I throw way my own greeting and maximum respect. Just the thought that you could be older than my Dad makes me shudder and my Papa don work retire since.

BTW
Latest information on The AlphaBets Company (for those that were in on the discussion last week) I had earlier said that the board would sit this week that we are in and the last gist emanating from there is that there will be a bonus issue this year. Secondly Fidelity Bank is set on increasing their stake and have since started doing that so expect to see increasing volumes on a daily basis. Lastly the PO issue was still left undecided till the next meeting before the AGM but it is more likely that it will happen.

As with all quotes these days here I have to empty the cavity.

are u referring to ABC by any chance?

yodiyokun:
@Upward from that post you should have seen that Daddy Napolean is a baby boomer and not the jet age.

What concerns him with updating website - at his level na to dey call the MD of the brokerage house to give his orders and them go dey answer yes sir.

@Daddy napolean,
Na im be say, If I see you face to face na to dey kneel down to greet na!!! since I myself fit qualify to be your third born.

This internet sha - e don remove respect patapata, but I still remember my manners.

My knees are on the floor ooo .

Once again, thanks for deciding to share with us small children out of your apparent busy schedule. Not everyone is that open to share with the generation below.

u no dey lie at all. its good to see isnt it.

elder napoleon, if i turn out like u have, i wouldnt have done badly at all money and investing wise that is  

Napolean:
@

Abu Maryam

is APT securities meeting  your needs or treating you the way you would like? I do not think they are very serious, they cater for a lot of agege hausawa. How long have you been with them?

you need to use an efficient broker. Consider www.tiddosecuritiesltd.com  www.finmalfinance.net or www.newdevco.com

Finmal are good, they are quiet but discering wealthy arewa use them. Check out the board. Kin gane ko?

I dot believe in all those large brokers that have thousands of clients and a fancy website. The more you look the less you see. Any firm that has thousands of clients and fifty staff or less should worry you. How efficient can they really be. You need to be able to be talking to the MD and the actual trader and if necessay text/call him during trading. I do not believe in all this account officer waste of time, that does not trade or understand your objectives.

Does anybody know if these guys are serious http://www.piconigeria.com there is something quietly happening but I have no previous information on the company until two weeks ago and I do not know any of their board members so I personally am not interested. I suspect they are small time contractors.

MBC bank was absorbed by First bank. Their stockbrokers which was an affiliation is doing a quiet placement, however listing may not be a soon as you would expect. www.mbcsec.com their Chairman is a sound guy.

I will not bother mentioning what I feel may be out of reach to newer investors, over N100m to enter or very restricted.

@ Blueband we come from a culture of respect. My first born came in 1971 so let your youth not lead you to give your elder a hand shake that will pass the elbow.

Did any Londonites go to the waste of time at the institute of directors yesterday? The MD of Interswitch said his company had been inundated with calls from a forum demamnding pp. That will not make them release documents faster, as you know most comps raise funds ast different levels of placement. Tomorrow 3pm at trader vicks there will be a small late lunch discussing some telecom companies that are planning more quiet goodies this year, two MD will be there.

Will log in tuesday. Where is Wanaj0 I did not see him online today

elder Napoleon. as usual, full of insights.

could u expantiate more on the brokers u identified as possible candidates for nairalanders to look at? ie what is their opening balance for example and how long they take to execute orders.

would u classify them as ajebo brokers or are they of the agbero ilk?

@yodi

if u can girl get more of UBA and FBN. oceanic can't hold a candle to them. it would come in a distant 3rd or 4th or even 5th on my list personally.

disclosure: i own all 3 shares

Statistics As At Friday, March 7, 2008

Open Price 28.50

High Price 29.40

Low Price 28.40

Close Price 28.40

Avg. Net Chg. 1.10

Close Net Chg. 0.40

this is from the NSE website. rubbish.

does any one hav ethe pricelist downloaded from the NSE official list for the day yet?

blueband:
Insurance stocks are beginning to find there level.Oasis Insurance spoilt the show for them by declaring 2k dividend for a 5 naira share.So what is there really to invest?

I guess institutional investors are pulling out of most Insurance stocks .Or just maybe Ibori na him dey sell all him stocks to fund tomorrows PDP convention .I knew we should have kept that guy in Prison.

INTERESTING SIGNATURE MAN.

windywendy:
chei, i'm just seeing the price list for today. All of una wey get tripple g, I hope you sold o, because I remember sounding a warning here like 2 days ago. Don't come and cry on here if you see your spreadsheet profit disappearing, because na me go first say "told ya so" . Same applies to afprint and livestock holders. _{at this rate sef, I suppose dey collect tax for making the right call on sale warnings} 

Oya o, eyin dunlop-ites, make una begin ready o. If you know you're not in for the long haul, prepare to parachute now and re-enter later. From the looks of things, it might take a dive sooner than later. Looks like there was selling pressure today. Same applies to ABC, but me na medium haul I dey for that one and I doubt seriously that it will fall by more than 10% if at all it does -- won't be worth cico if it doesn't fall by more than 10%. My opinion though, plus caveat empty, temptress, etc etc well well

disclosure: I don't have dunlop, but have loads of ABC 

if u believe in oracles, looks like windy got it right again folks. it dipped today on high volume (3rd highest in whole market). it may stagnate around this price but who knows. need to see te candles for today but looks like it was a doji (dragonfly) or at least very close to one. not a good thing especially with high volume. it suggests traders are not sure they want to buy higher than current price and it portends a further likely downturn or more likely stagnation. how long this will last is anyone's guess.

hope this helps the CICO fans. i do not YET own dunlop but watching it closely.

Operation code name: tyre strike
objective: exterminate dunlop
modus operandi: stealth mode
expected outcome: HAMMERRRRRRRRR!

samstone4:
@ Pumping and Ioma

Following the intervention of Ioma I have decided to send my Delta Force to supervise Pumping's action against Cashcraft.
Pumping. Go ahead with your plan to write SEC and copy Cashcraft.

Make sure the copy to Cashcraft is addressed to the MD.

My Delta will be in the background to put his favourite dog's head in his bed.
To make him an offer he can't refuse - as we used to say during joint operations with the Cosa Nostra.

Samstone4

GODFATHER!

DON CORLEONE SAMSTONE!!

T hey don't know who they're messing with. soon they will say hello to ur little friend! (scarface )

@ pumping

what are u waiting for, hit them hard, hit them quick! leave nothing standing. Pump action.

should u need a topgun just holla.

Abu-Maryam:
Nairalanders
Please pumping help me broker the sell of my 400kg of c&i leasing at 15.43. My broker  is telling me their system crash like sosoliso abi na bell view de no fit access any account.  Aktpgun are u interested ?
me ku na  help me secure my spreedsheet money

this guy, u must be having a laugh. Me Buy CILeasing at N15.43? in this bear cub infested market? no thanks.

as i told blueband yesterday, the bear cubs are coming out, mother and papa bear are not too far behind. its a good thing from the bear end of things the NSE has a 5% gain/loss moratorium on shares per day cuz some of these fundamentally unsound stock (CILeasing not included but still too expensive for my taste now) would fall like rocks ala livestock and ko. so we have the pleasure of being able to jump out before the prices really hit the basement but even then the selling pressure no go gree ur broker see am sell cuz of the overflow of sellers.

me i no dey do CILeasing at 15.43, no be moving train be that? i dont have a death wish.

so Abu, u no like me at all at all. wetin i do u now?

dunlop. All caveats apply. i read it as the charts say it thats all

@faketan

sorry man, i know nothing about bank PHB. i haven't heard anything either but will share once & if i do

beginner:
Well done everybody - continue to sell your fundamental stocks so the price can go down a bit more. People like me would continue to buy. The Indians have taken over our exchange and by the time you want to come back they would have locked you out. My advice even though a beginner, sell some and keep some, it could be the accountant in me sha.

winch!!    

are u sure u won't consider changing ur name from beginner? u sure don't sound like one  

anyway. we all have investment objectives (i hope) and that should help guide our decisions. each to his own.

the fellas who have sold their fundametally sound shares are no fools at all, they have been around the block a few times but ur line of thinking is quite plausible too.

As i said earlier, the NSE is ever so unfaithful and unforgiving at that.

RoughCut:
Are you talking about  Man Disunited?  

Champions baby!!

@faketan

respect to who? pretenders to the United throne. Never!!

easimoni:
A coy with a forward PE > 100 is doing a PP?   I'm going to carve a hole in my mattress and bury my money there.

i already have such a hole in my wall

what the

and this is the same company thta has been rising since the beginning of the year. pat dropping almost 1000%

could that be real. as that rough arse supporter would say " NSE we hail thee". this one will drop like a rock but then again na NSE be this o. i wouldnt be surprised if it rose

Naijadr:
I issued sale mandate for my UBA and FCMB, I don tire for now, I'll get back in them later, for now, even if the money earns 25% it'll be way better than what they've earned me the past 3mths, -5%

i am sure u have worked out the other part of the equation as well. ie where am i going to put all this dosh from my sale?  

crazyT:
Omo cool down now this your hand too much o jare   DJ and Yemi go chop now. You come turn me to "wonbiliki wobia"

I thought you witness the signing of the treaty by FO2 that CICO is 0-3months and anything inbetween.
Na 3 weeks ago I buy the thing and e don skyrocket.

Thank God for a newly discovered theory sha i.e. I have noticed that anytime my instinct tells me to sell a stock and ask opinion about it here on Nairaland, that same day the stock will starts depreciating. UTC proved it today.


So to whom it may concern 320kg UTC for sell going! going!! GONE sold to the man in the centre with Manchester United T-shirt  

i wa shtere when the treaty of CICO was signed on nairaland but i no append my signature sha. i was there as an observer.  
but i thought when i read the treaty document it said in the fine print that when u reach ur target exit. abi was i reading another treaty?  
As we say in psych, when u enter a room to interview a patient, always identify ur exit points on entry. same applies to the treaty of CICO I guess  

enjoy ur loot and BTW no self respecting united fan would buy UTC from u. i would suggest an auction at that polo field, u know the one called the emirates polofield stadium.  

dejavoe:
the NSE website says the market has closed for the day. did they start trading early today, anyone know whats up?

NSE operate frm 11am-13pm.

thats a new development then cuz up till yesterday it used to open at 10.30 a.m and close at 12.30pm.

the NSE website says the market has closed for the day. did they start trading early today, anyone know whats up?

@ beginner

on fidelity, if u believe in reading charts, the price hasn't been trending much in the last couple of months but the indicators interestingly are not looking bad re: RSI, MACD and MACD Histogram.

it may still see some upside dare i say. (u are looking to reach ur exit point abi? )

mastermove:
AKtop thanx for your views well I did get in at 6 sometime back and saw a loss when it went back down to 6 range so this time I felt a bird in hand,
Thanx once again

u see what i mean. i am sure u have learnt and that is why u are wanting to sell now. some rich guy (very rich guy) once said he never learnt anything from his successes and everything he knows he learnt from his failures. i agree with this even though it sounds extreme.

well done.

aktopgun:
@rasputin

on ABC your guess is as good as mine. i believe its windy's baby and my best guess is that its on net bid & is scarce

on japaul, i haven't seen any allotment document apart from the one posted here. Japaul's fundamentals arent good and i am one of those waiting for a listing to sell off the shares i bought before i was treated for P.Oitis.

'@MECATCHA

see what i wrote on it yesterday above. i couldnt say when there results will be out though, i dont have my spreadsheets in front of me so i am not sure when their end of yr is. i usually just estimate anything from 2weeks -3 months after the end of the quarter or year to get a sense of when the results will be released. anything beyond this time frame then i get suspicious cuz if the results are good they usually dont take that long.

in the NSE the phrase delay is not denial has been battered too many times and very few companies leep to the guidelines of when results should be released and we usually have to go by history and in Japaul's cas, i am not sure what their history suggests

crazyT:
It  seems nobody know answer to my question maybe because the Guru's never wake,
Who dey here to help me o!!! 

ojukokoro lo n worry e (na longer throat dey worry u )

u obviously didnt set an exit point on a stock i am almost certain u bought for CICO puposes (abi i lie? ).

have u noticed it is slowly getting harder to make even the proverbial promised land of 25% lately? the market is overbloated and u are wondering if u should sell after 35% profit post charges? ole ole ole!!! . U know i am only kidding i hope. i dont mean to be disrespectful at all.

seriously, no one can ever predict the market, it is fickle and is promiscous. ie she is not like a faithful wife, she(the NSE) will leave u at the exact time u think all is going well with ur relationship with her.
For all u know the same UTC could lose 20-30% of its value in the next few weeks, especially if this rise has been manufactured.

Once u've hit a comfortable target, sell and move on, close ur eyes to any further gain, u don chop ur own, that way u defeat that feeling in ur gut called GREED aka the green eyed monster.

just my opinion though but what do i know.

mastermove:
well I put in sell order for japaul today kind of fed up of seeing profits go

WELL DONE MAN.

what needs to be done though is with every stock u buy, after doing due diligence to info gathering and research (this takes anything from a few minutes to a day maximum with a good browser and internet connection ) , then look at the last 1 or 2 support levels and set a stop loss target to accompany the buy order to ur broker.

keep a record of it and keep ur eye on ur money, that way if ur share price goes below that price then sell. also remember to re-evaluate this sell order price cuz u dont want a situation where u bought a stock for N10 and set a stop loss price of N9, then the stock goes on to N15 and ur stop loss mandate is still at N9. if u leave it at this level u will lose all the profit u've made and even go into the red but if u re-evaluate and put a new stoploss mandate at say N12.50 then u still get some profit.

remember this will work best with stock u plan to trade with and not with those u want in ur long term portfolio.

chei! i need to take my own advise sometimes sha. i for don clean out on NGC and CILeasing too ut sha i did get cutix and took out some profit to get NASCON.

happy investing.

@pumping

if the <50,000 units getting full alottment ratio is correct, then i get full allotment which can't be bad can it  

nkc:
@aktopcandle,
to be frank, i had a target of 8naira, i am thinking it might get there before profit takers set in, but from what your seeing from d candle room, its liek it may not get there , well, . by d time i sleep and wake , i would have decided on my next action . thank u very much for yur responses

if i lock in on some profit,and leave d rest d fear if it gets down and at what resistance level is it going to stop at, is what i don't knw of,so by munin,i would be ready to decide, thanks

why do u htink it wont get to N8? because of what i said? it may get to N8 but the question is when? i dont know how long u hav eto wait for it but if N8 is ur exit price originally, why sell now cuz of some little turbulence? Patience is always a virtue in this and all other investments abi.

dont be surprised if any downturn doesnt last more than a few days. lock some in and watch is what i would do

CI leasing

everytime i see this comapny's share price i cringe. it pains me too much. it is on its 5th cycle since mid november 07 and has no signs of stopping. A stock i looked into but was able to talk myself out of it at N5. shows u what i know doesnt it

@rasputin

on ABC ur guess is as good as mine. i believe its windy's baby and my best guess is that its on net bid & is scarce

on japaul, i haven't seen any allotment document apart from the one posted here. Japaul's fundamentals arent good and i am one of those waiting for a listing to sell off the shares i bought before i was treated for P.Oitis.