₦airaland Forum

utc

pumping777:
Chei!!! See RED for the chart.

yeah man. its been overbought for a good while now and as we always knew, what goes up must come down. the caveat is "how far down can it come"    

@bibiking1

yes boss. i told u it would. look at airservices and unionhomes and nascon etc as well. interesting reading really.

windy, pictorials to push home the point on aiico

invisible!:
All the explanation they are giving about UBA still hovering around the 50 naira mark is seeming like a wrong one. This bank with very good fundamentals has refused to rise.

I intended a CICO but the thing is lasting too long to be a CICO candidate anymore.

Someone just called to tell me that NB made some fantabulous profits, the figures are closely guarded but investors will have reasons to smile big.

as far as i can see, it is still hovering around N50 isnt it?

invisible!:
More info from bigboylarry's crystal ball. It says Union homes will be bullish this week. (Nearly broke the thing this afternoon) how the hell did it not tell me that RT briscoe price will stagnate today.

is it hte same crystal ball wey i take see union homes yesterday talk am for here last night?      . the candles sugested it would be an interesting week for them. now the crystal ball has confirmed it    

tkb417:
thanks man. . .its not as if some are just investing but der is a lot to learn from peops like napoleon, windy, aktopgun londoncool, blueband and so many

@asslickers
u'll do well by shutting your mouth if u guys can't say anything positive

dear friend i understand u mean well but its statements like this that is contributing to keeping valuable contributions away from this thread nowadays. there is or at least there used to be an air of mutual respect and camaraderie on this thread thats so quickly disappearing, its unreal.

koolu temper.

invisible!:
@ aktopgun, my guy I no dey vex o, only that the sharing spirit we have been enjoying here is being threatened by a few people.

Lets continue to help each other, in fact I consider this my own way of giving back to society, making youths learn some tricks for free.

my brother, i know no be say u dey vex. we are all one here and i personally would love for it to remain that way as long as possible. I personally cana tell u that if the british or the americans had such a thread for investors(they probably do but u can be sure its probably a premium to join) they would have it on bloomberg or CNN or something like that. what i mean is it would be celebrated if not for the hits on the thread, then for the wealth of information shared here and the selfless spirit with which it is shared.

i fear the battle may already be too far gone on this one. i hope i am wrong.

invisible!:
@ololufemi, will the gurus be gurus if there are no non gurus? They need the non gurus too to survive. If not let them stop posting for a week, they will be bored to hell! So the moral of this should be to buy Ikeja hotels before the end of the week.

invisible man wassup. hope all is well on ur side

i have a question or two for u.

does wanajo need guru status to make money? where was this thread when he was buying companies at N1.50 which ar enow worth 3-4 naira?

where was this thread when pumping or easi were making their investment decisions and learning their investment trade.

where was this so called guru status when windy and yodi or fof2 were building their portfolios to the formidable level its now at?

do u see what i mean? so many of our cherished contributors who we have all benefitted immensely from, even if we dont admit it are becoming shadows and now lurk  in the dark for the very reasons discussed today on this thread. who stands to lose?

i'll answer that shall i? ME and everyone else here who has made greater strides than we ordinarily would have had we gone it completely alone.

sure u see the koko now

eniyanman:
wetin i do again o?

yeye man. I just gave u the name of the book as requested. its a great read. hope u like it.

Femtex:
@ aktopgun / everybody,

I'm trying to understand this candlestick theory / prediction.

I'm going to use AG Leventis as an example. Considering TA;

RSI is about  90. Meaning it is above 70, therefore it is in the overbought zone and you should sell.[/b]MACD is telling you that is Divergence is positive (0.1208), meaning it just hit a new low and you should buy more.
Also, the [b]MACD rises above the signal line - giving a bullish signal.

When you look at the MFI line, it is right around the 75.77 mark (approx 80). This is telling you that it is almost in the overbought zone and you should sell.  

Based on these 3 criteria, would you guys recommend AG leventis a buy, Hold or sell?

Me personally, i look at the candlestick pattern first and then other indicators to confirm.

for AGLeventis, it is definitely on the upswing and gapped up again today, doing a 4-price doji in the process. in more developed markets this indecision would be suspect but in the nse i am used to seeing this kind of indecisive pattern going on for weeks becasue the stock is so thinly traded. next i look at volume. the volume has been higher in the last 2 days than in the last 6 months, something is abbout to happen.

all the other indicators are in positive territory and most have been for a while/ i would get out if my target has been met or exceeded on this one.

on the post i highlighted in ur text, because an indicator is in the overbought area doesnt necessarily mean a sell becasue u can never tell how long it will be in there for. some spend only a day or two in there and others like AG leventis are there for weeks.

hope this helps

wanaj0:
[b]Yes Universal listed 16b shares but who are the owners of those 16bn? Who are those trading?[/b]Some brokerage house basically warehouse the shares and no selling until after N3.00. Problem with it is that most of the buyers are going to DUMP thus causing a free fall!!!! With 16bn shares, once the certificates etc are out, it is very difficult to manipulate the price. Those insurance guys are just clueless!!! Hoa many banks have up to 16bn listed shares?


Hope you also know that the mouth to be fed has also increased!!!!!

i personally believe it may be a CICO candidate in the end. the hungry mouths too much. 16B ke. for insurance company? o ga ju

@eniyanman

candlestick charting explained

RoughCut:
Haba! How you go dey talk in 'tongues' for a fellow brother now?_{i know we don't see eye 2 eye when it comes to the premiership} but you must meet for middle of road for this insurance stock o! The insurance stocks is like stepping on a field full of mines but my strategy is to target any of those newly listed coys at least they are not going on TS soon but its an uphill struggle laying my hands on those ones.

I hope i get some AIICO sha abeg Pumping777 you fit allow one more gatecrasher into the party?

na now i know say u be proper winch person!!    

bros wanajo, remember that one u wan sell for me yesterday? i don order am today sharpish with my cutix profit

RoughCut:
So i'm assuming you are saying there is still a lot more in the armoury we can use to win the premiership dog-fight. A lot to blow out man this-united this season.

Nothing would give me greater satisfaction apart from my portfolio on the NSE  achieving the objectives for the first-half of '08

@Aktopgun

Meanwhile since you are the only recognized pasenger on Cutix flight i think its time to bail for me i know you are long-term on this one but i fit commot profit now plenty of it go do some shopping and connect again in anticipation of their Q3 results i think the results are due anytine now sha. I go still leave some KG's on board

The RSI is ~99 way OVERBOUGHT and the price is trading VERY close to its upper Bollinger band of 24.01 and momentum way too close to the upper +ve value  all these  point to an overheating and OVERBOUGHT condition and most likely due for a trend reversal. The MACD divergence between the 25 and 12-day EMA is +ve so this is a seriously bullish trend

As for my candles i think they are telling me its forming a shooting star  which is a potential bearish reversal pattern.  Need you to please light your own candle to confirm. Heavy volume traded today may be a possible confirmation

this guy, this guy, this guy!!!!!!!!!!!

u be true son of ur mother. original winch person!      

i don tell my broker to look in some of my profit sharpish. i no dey greedy. i don doo over 100% on this one ke. i don use am board one insurance company like that(i hope he gets the company to buy)

Mr. Risky:
Gurusssssssssss make una carry people along na!!!!!!!!!!!

I am sensing the birth of a new association here of people who speak in tongues:  ASSOCIATION OF NAIRALAND GURUS.  Una don de exchange E-mail, and yet we are talking Nigeria stock EXCHANGE, the tin don turn to Email EXCHANGE,

I no se Wanajo and FatherofMany no go be member.

The thread is becoming boring since not many here can read the lips of some Gurus among us.  Guguru go become Guru one day

Might be a case of once bitten twice shy. What do u think?

windywendy:
@aktopgun, on unity bank, unless i'm looking at the wrong price list, I see that it traded above 10 today and closed just shy of 10. Also, the average price for today was higher than the last closing. Don't these indicate some buying pressure?

The list i'm looking at is the TRW list.

all u said is true girl but also notice it traded as low as 9.35 today. that tells me that some people were there just trying to kill the price increase today and the assassins will probably try again tomorrow. if they succeed (pleasantly surprised if they dont) the price should drop but probably not by much in the initial instance. tommorrows candle will reveal if the bulls are up for the fight they have on their hands on this one

windywendy:
woooowww! I just got word that I got 100% allotment on my MTN application.   . Perfect!

_{i think i better take the day off . . . wey that my canadian oga sef}  

@Pumping777: abeg wetin be that thing wey you discover this weekend. I'm interested.

good for u girl. remember me in ur kingdom. enjoy it big time.  

LIVESTOCK:
awon enemies try bid am down to N8 today but the buyers beat them and it closed at the day's high.
that however tells me that profit takers are setting in, from the Dragonfly doji it did today. Not particularly a good sign.

ETERNAOIL
positive candles for this one. since we talked about it last week   its gone on a run and has opened higher and closed higher the last 3 market days. all the candles have long bodies(good) and are other indicators are beginning to wake up as well

upward:
yeah, having looked at the chart (after my last post) I see what you mean, a small slowing of momentum in the "sell rush" however it still closed at the day's low. Going by this it's bottom-out price may not get as low as I was prediciting in my previous post (the better) but I see that as a possibility. Howbeit, we need one or two day's trading to see how the trend goes. Aktopgun abi?

yep. i think so anyways.

On Nascon, things are looking up definitely but it needs some wind in its back i think. It should do better this week than last week

ololufemi:
@ aktopgun




You no put Caveat Emptor for the sentence before them wan stone you with words and big grammar.

my brother , na true o. i forget.

CAVEAT EMPTORS _{(PLURAL O)}    

@wapco investors, things arent looking good but lets wait till tomorrow and see.

today the maket was undecided about it and it gapped lower & formed a doji as well(ie indecision). tomorrow may help determinne if this is a reversal pattern happening called the abandoned baby bottom (funny name isnt it  )

lets see what tomorrow brings.

@crazyT

i hope u read this befroe ur order for unity goes out. I would wait still on it personally. I don't like the candle pattern it did today at all. A hanging man. Make ur money no go hang for there o.

AGAIN, I AM ASSUMING U WANT TO USE THIS ONE FOR CICO AND THEREFORE NEED TO TIME UR ENTRY.

if this asssumption is wrong then ignore my post and buy as u wish for the long term.

I expect it to drop or at best be stagnant tomorrow but i've been wrong before havent i

RoughCut:
I think you are very close to signing your extermination warrant or what was the japanese term you used last week Harakiri

      ROUGHCUT!

I knew u were lurking in the shadows man. Wassup. No forget say na my side u dey o! i fit ask my essex boys to organise u for me o   . only kidding.

so how much have u made today? really, C'mon tell me. no secret amongst brothers      

by the way, condolences on 2 counts, eduardo's horrendous injury and on losing the title race  

eniyanman:
i have same rights as you or anyone else on this forum. i will talk to my heart's content. if it upsets you, see a doctor.

C'mon guys, this is going too far and for far too long. its not necessary. We go chase people commot for this thread if this continues and i know non of us want that. People will just drift into the shadows and become silent.

Please lets call a truce abeg una. Rich people dont quarrel      . Just look at ur bank balances and smile. Calm down

@ololufemi

"My lover". _{make i put caveat emptor} before peolpe accuse me of being " a batty man"    

Wassup man, long time. u still dey count ur loot abi? share the money now    .

Omo i don run since for the insurance sector jare. the fear of TS wey certain pass the northern star dey fear me. i still get small for crusader sha.

their time go everly come.

eniyanman:
@aktopgun,
recall, i asked you sometime ago about where to learn candle-stick analysis.
basically, i try to analyse the charts combined with some probability analysis to 'predict" estimate what future direction will be. if i see a dragon-fly doji i look back to determine the probability that its price went up or down. i'm still developing this model and will share once complete.
i want to exploit the "redundancy" in the share price movement. E.g. in the English alphabet, the probability that 'h' follows a 't' is much higher than 'c'. and the probability that 'e' follows 'th' is greater than 'o' et al.

well done. pls share when it is completed. By the way, if u are interested, i could give u a book title that is much better than any website on candlestick charting, with more patterns and clear unambiguous explanations. the stockcharts website is a sort of off-shoot and is not that detailed or explanatory and neither are nay other sites i've researched

loma:
@Ololufemi,

I don miss your praise-singing no be small! Please recite F02's complete oriki make we hear.

That CCNN na real convergence between F02 and AkTopGun. I no dey miss convergence stocks like that, right at the confluence of River Niger and Benue!  The only way to flow now na North!

@AktopGun. See synonyms for Arsenal. Let me know if you need more

ammo dump, archives, armory, artillery park, assembly line, assembly plant, atomic arsenal, atomic energy plant, attic, bank, basement, bay, bin, bindery, boatyard, boilery, bonded warehouse, bookbindery, bookcase, box, brewery, brickyard, bunker, buttery, cannery, cargo dock, cellar, chest, closet, conservatory, crate, creamery, crib, cupboard, dairy, defense plant, depository, depot, distillery, dock, dockyard, drawer, dump, exchequer, factory, factory belt, factory district, feeder plant, flour mill, glory hole, godown, gun park, hold, hutch, industrial park, industrial zone, library, locker, lumber room, lumberyard, magasin, magazine, main plant, manufactory, manufacturing plant, manufacturing quarter, mill, mint, munitions plant, oil refinery, packing house, park, plant, pottery, power plant, production line, push-button plant, rack, refinery, repertory, repository, reservoir, rick, sawmill, shelf, shipyard, stack, stack room, stock room, storage, store, storehouse, storeroom, subassembly plant, sugar refinery, supply base, supply depot, tank, tannery, treasure house, treasure room, treasury, vat, vault, warehouse, wine cellar, winery, yard, yards

U too much! i chose treasury.

wey roughcut? come see wetin ioma dey take ur team do for here o!

pumping777:
You should only speak for yourself just as I have. You don't need to qualify my personal view.

If you have been observant, you will note that a number of folks have already accused contributors of pumping and dumping. If you also note carefully, you will see that some previously frequent posters are slowly gyrating to silent readers.

I have noticed the exact same thing man and it is really unfortunate that we are missing the insightful contributions they offer.
i have even spoken to some who are wary of posting now and are just watching from the side lines.

well, i cant say i blame them. I have to say i will probably do the same, retire and make my dosh in peace to the best of my own ability without stress i can do without

@rhema

girl, sorry i have no info on those PPs. i don tire for them for now. the only prospectus i want to read now is starcomm and interswitch when they come out. Sorry. Can someone else help with info on this for Rhema?

eniyanman:
@pumping,
that aktopgun is clean is your personal view and no one has suggested otherwise. let's not hyper-ventilate or get too emotional. put things in perspective.

i thought he had put things in perspective actually. Cuz pumping himself has been accused of all sorts in the past as well so he knows how it feels to have ur best motives being second-guessed.
Why not get emotional? man after-all is an emotional being. thats why one man is able to sell a share he bought at N5 to another man at N20, because the other man is buying on emotion, unless of course he sees something more in the future of the company. See how emotions tie into investing? its a fruitless exercise in futility trying to separate them. Rather it is best to use it to urr advantage and as another weapon in ur (i'm not going to say that yeye team's name, i'm not    )

Fellas whats another word for [b]Ass[/b]enal?    . Roughcut go kill me for this one    

eniyanman:
i don't want to personalise this issue. i've read your posts expecially your candlestick analysis. what i am suggesting is that those who recommend should declare their interest. shikena.
me, i no get money, maybe fo2 fit help you (afterall, na him you 1st ask  ).
continue your analysis, i dey use am test my own hypothesis.

I mean no harm mate. honestly. i just like to be clear about things.

ehen, that ur hypothesis, u fit share am? after all, we are all here to learn as much as we can. u never know which method person go need to make this dosh. As u know, there's more than one way to skin a cat.    

What say u? willing to share old pal, old buddy?    

mastermove:
Good morining Gents heres another newbie who has spent the last week reading from page one.Aktopgun You are the man.What are your views on Sterling bank

WELCOME WELCOME.

thou art welcome oh deep pocketed one!    . Nice to see say una don dey decide one by one to come out the closet.

Sterling bank.
last i heard, they were on TS for the now not happening merger with ecobank (or am i mixing them up)

I understand the merger has fallen thru and they are both likely to come off TS and trade for a little while before going on TS again for fresh funds thru a P.O. Ur guess is as good as mine when and how all this will pan out. i dont hav ethe fundamentals at hand right now but i suppose u could dig those out.
By the way, why do u want to invest in them? is it long or short or ultra-short term?    

eniyanman:
@samstone4,
i agree that one could be accused of "pump and dump". but then you could always ask the recommender how much or when s/he bought the shares.

@aktopgun,
what is wrong in putting a caveat with every recommendation?
what Fo2 was inferring is that it is always easy to be an arm-chair or fantasy investor. (which i agree with).

Gees!!

i wish u'd read my posts man. how many times do i have to put a caveat emptor hmm? how many.
how many times do i have to personalize my comments and point people to the fact that i have personalized them.

so u really think i am doing "arm-chair investing". Well what can i say. As i told FOF2, i will tell you as well, "if u get d money, give me make i invest, wetin do me? I however will not invest in any company that doesnt fit my personality, risk profile or investment objective to prove anything to anyone, least of all someone i dont even know!

CAVEAT EMPTOR!

@ioma

i had forgotten about NASCON u know. So dead bones do live again