₦airaland Forum

pumping777:
I no get Nascon o but why holders dey fear? Na for CICO?

You no go position for Q-3 and Final Year? Better thing must still come from Nascon.

I don get this stock one time see how he dey behave. Some people hate the stock with a passion. As Yodi talk na those wey buy for N22. See Dunlop now. After all those shareholders vex finish wan kill the stock, see where the price carry go. Dem go dey try worry the stock price but if result come good, nobody fit hold better thing for ground o.

Make he come down make I kuku carry some join body.

Na your money sha. Make una take the final decision.

i think its the CICOers who are concerned cuz if u are in it for the long term, all these price gyrations won't bother u. it would just be another opportunity to load up on it.
I see why most CICOers would need antihypertensives,(excluding fof2  ) its a full time job      

just got this from broker now


Latest Market Info
ACCESS: ADDITIONAL SHARES LISTED

ACCESS BANK (ACCESS) :- WE HAVE TODAY LISTED 9,164,340,987 ORDINARY SHARES OF 50 KOBO EACH PER SHARE.


ACCESS closed up 0.940 at 23.940. Volume was 62% above average (neutral) and Bollinger Bands were 36% narrower than normal.



Open High Low Close Volume___

23.000 24.000 23.000 23.940 24,647,750



Technical Outlook

Short Term: HOLD

Intermediate Term: Bearish

Long Term: Bullish



Price Trend Report:5 Moving Average: Current price is above 5-period moving average: 23.90

21 Moving Average: Current price is above 21-period moving average: 23.77

LSQ Analysis: Current price is 82% above its price trend.

Bollinger Band Analysis: Price Volatility: Increasing; Price Trend: Not in trend (probably is in sideway or reversing);

Hurst Trend Analysis: Hurst Exponent: 1.0000, current trend will continue



--------------------------------------------------------------------------------

Technical Indicators Report: Value Tips

RSI 57.2

MACD -0.1

CCI 33.6

DMI 37.4; 1.9

K%D 46.2; 32.9 Market is in up trend.

NVI 45.1 Up trend is likly to continue.

OBV -290477.9

PVI 85.3



--------------------------------------------------------------------------------

TRW Stock Forecaster:Prediction for Next Three Prices: 24.32, 24.55, 24.83

Deviation*: 0.03

Price Direction(short term): Price will go up.

loma:
NASCON: To sell or not to sell?  Bought 50kg at N16:40 , if I sell at N19, after broker chop hin own, na only 10% remain.

By the way, it closed on net offer today!  Make I check the amount of flame for my red candle!

omo, na winch candle be this one o    

easimoni:
Woke up to 5 pages! Just caught up. My observations of the day:

[list]
[li]Zenith tested the N50 barrier and failed. FBN is struggling to keep it's nose above water.UBA will try (and fail) on Monday[/li]
[li]Diamond is going strong, closing at close to the day's high iwth 100M+ units. Dunno what this means in Japanese but my 'folio is smiliing   . Fo2, I go send u your cut. Publish your bank account details here.   [/li]
[li]Longman is not slowing but RT Briscoe is coming back into buy range[/li]
[li]C&I is now officially ridiculous[/li]
[/list]

mine is smiling too, in japanese and in english jare!    

harrisoft:
FatherOF2   Re: Stock Market Tips For Nigerians
« #15387 on: Yesterday at 03:33:24 PM »  
--------------------------------------------------------------------------------
Ah i don see am finish,
  DOUBLE PERSONALITY INDEED DEY HERE.

@FatherOF2

i understand were you dey come from, very very well --- i be dey think the same thing too.
But you see the first personally na very very very very respectable person, when no fit do that kind thing. i know that first personality very very very well. so no worry, this new personality we go dey watch em we all our eyes.

@ wanaj0 - thanks for the FBN (phone call)

@ uncle Naps - your post dey too long talk the koko and

@harrisoft, u dey censor the length of the man post again. why now?
he has a lot to say, let him say it o!  

Mr. Risky:
AKT, how you de now?  You see, now you de mention Cutix, na only when una don clean mouth we de know.  No wahala.  Your candle still de on?   Abeg put it on against Monday.  Nice weekend to you and family.  Na me and this Dunlop oooo

@ risky     my brother no be so. i bought cutix based on my small analysis(fundamental) on 30th nov 2007. i even posted it here and discussed it with roughcut before i bought it.

Mr. Risky:
What is driving

Evans Medical?
Tripple Gee?
NCR?
Neimeth (Good result though)
Berger Paints?
University Press?
Adswitch?
Afprint?

The list is endless

add cutix to that list. cant complain though. i'm on that flight. roughcut is the captain

@ yodi et ioma, i talk am yesterday didnt i, apologies if i didnt, i noticed it late last night.

loma:
See me see Nascon o.  I don reach 21% gain dey wait for 25% ,na so them break my back today.

Candlewatchers, shey e go rise again?

i cancelled my buy order this morning for NASCON when i saw the candles from preceding days

bibiking1:
My Oga,
first things sha, the SMA's fall farther behind than the EMA's which tend to cling tighter to the prevailing trend. Thats the reason why the EMA"s are used more often by chart followers. As regards the use of the timeframe.
When you use timeframes that are too far apart, the reasons for using the moving average is defeated, as you get entry and exit points late (not good for CICOers at all).
Say for example u are using a 25 day and a 40 day EMA before you get a cross, the price might have reached an overbought region, making it too expensive for the short termer. But for the long termer, a very slow EMA and a fast EMA would be a fantastic mix(since Nigerian Securities gives us the luxury of only two MA's at a time)
Where the EMA"s form in relation to the market is always quite important, as it describes the current trend of events, and possibly future reversals.
There is however a fundamental indicator that i would have loved to have had on Nigerian Securities, That is the Fibonnacci. Its a very good tool to use allong side the MA's as well.

Chief AKTopGun,
Basically sha, using long time frames for EMA's gives you delayed entry point, and speculations become harder to make for the short termer, But very easy and reliable for the long termer.

Faster EMA"s say 5 day and 15 are very good for em CICOers

i know the gist bibi, i know. i just prefer the 10 and 25 day ema personally, to avoid wrong signals

marco74:
blueband and aktopgun r u guys really serious about a psych clinic in nigeria?people go pay??maybe if u major for psychotherapy that will work.u know people dey like pose with stuff like that especially for Nigeria.imagine saying i dey go see my "therapist" as e dey be 4 yankee!!as 4 me sha been doing it for 4 years plus in dublin,and honestly can't stand it anymore!!man wan run go do s/thing else!g/luck 2 u guys sha!!
by de way folks, pardon the digression

@marco, psychotherapy is an interest of mine. thinking now of doing a masters in Cognitive behavioural therapy but nairaland and NSE no gree me see road   .

still haven't decided if its worth it cuz at the end of the day, the questio remains that is there somewhere outside of myself that the money to pay for the masters can profit me better. its worth keeping in touch though so we can decide whether to leave together and focus fully on Investing. for me sha the bottom line is how much is my bank balance when i die. i have gone beyond the stage of thinking adding alphabets behind my name is the essence of my life. No sir, i no need am to leave a legacy .

bibiking1:
Abeg O!!!!!!!!
wetin people like me wan come be na?
if you na small boy that mean say i be feotus na!

bibi, i have been meaning to ask u, EMAs. i know a bit about them but i just wondered if u had any more insights on their use. i know they are lagging indicators and generally show the prevailing trend. as far as i know, ther's no prevailing consensus on the number of days to use eg 30day ema, 5 day ema etc. i tend to prefer EMA (exponential moving average ) to Simple moving averages,

what say u?

LondonCool:
@Aktopgun,

The Proshare CEO used to be the CEO of the erstwhile  financial education on-line/magazine -Moneywise Nigeria (I used to be his UK correspondent) and had a Stock Information segment on BEN T.V during the "In Diaspora" programme analysing the Nigerian stock market. The guy is a walking encyclopedia of financial information and specialises in Strategic Management. He also was one of the pioneers of TICN in Nigeria (Stock Investment Clubs) and every time we meet I always have my note pad ready (although I'm older than him).

i even bash the guy car once for allen, chei, see contact wey i fit don dey leverage since. annoyingly now i cant even find my phone contacts for naija.
will keep trying sha. even if na just for gist on the shenanigans (oyinbo po ju ) of the NSE. u sef, u pull weight o, and u come dey ask small boy like me question . i hope in all my responses i never offend u sir, no vex . only kidding

kauskey:
From the floor of the NSE,
IPWA bleeding,
AFROIL seeing red _blood, lost 1.37 so far
CAPOIL crashing, lost 0.89k so far
Could this be connected with the SEC news?,  i think so!
All man dey run _out for cover, 

and it begins, nigeria's versions of enron and worldcom. i hope not!!

tiwantiwa:
@aktopgun

Quick one

with the servings of indicators you have , what info will u deduce from the momentum indicator and how will this complement others

unfortunately, i hvent graduated to using the "big mo" yet. but it does seem that it is an indicator used to ascertain the general direction and how fast its going that way.

sure roughcut can help

@londoncool

just to say, defition of marubozu as u know from stockcharts.com or any other information site is:

Even more potent long candlesticks are the Marubozu brothers,red and green. Marubozu do not have upper or lower shadows and the high and low are represented by the open or close. A green Marubozu forms when the open equals the low and the close equals the high. This indicates that buyers controlled the price action from the first trade to the last trade. red Marubozu form when the open equals the high and the close equals the low. This indicates that sellers controlled the price action from the first trade to the last trade

pumping777:
Make una just remember call us for the PP 

why not? we will probably need the cash to run effectively. but no CICO for this one o

blueband:
Come home and estabilish himself?How many mad people dey pay for treatment for Naija?

blueband, true talk. but i suppose its not out of the question to either pioneer private psychiatric care or open a group of care homes for such treatment or even still, open a hospital that incorporates psychiatric treatment.

are u game?

other medics, what say u?

@ prince 11

at the same time dem say they are willing to help with any investigation  
power struggle. who go win, i think SEC cuz na dem dey  regulate NSE abi.

wetindem talk be say SECsuppose tell them before going to press, why?

SEC is trying to do its oversight job as regulator i think but to avoid confusion as we have now, it should try to carry along all players. thats if dem want to be carried along be dat sha!

@ roughcut

see what i mean

nse has refuted the SEC claim on the investigation of the february six, ie afroil et al.

they sat sec no inform them of any such investigation and they arent aware of any price manipulation of prices. dem say sec suppose tell them before going tp press

my goodness, i am looking at my friend on AIT, i used to play basketball with the guy in naija. i didn't know he was the the CEO of proshare, small world.

wey my phone.

RoughCut:
Hmnn you will need the price to try and  break N26.5 twice in which case you will have a 'double tops' which means it has tried breaching the N26.5 twice without success and hence your 'double tops' it has only done this once since coming off TS so we still need a few more trading sessions to make a definite judgement

You will also need the price to go below the N25 mark twice to form a 'double bottoms' to determine if  that is actually a support for the stock from the charts i'm ooking it has only done this once since TS so a few more trading sessions will be needed plus what your candles say before we can determine the resistance
@Pumping777

You are right about the BUY signal generated a few trading session ago the RSI broke the 30 mark a few days ago which would have sent the stock to the OVERSOLD territory.

The divergence between the 12 and 26 EMA is negative meaning the stock is trading below its 26-Day EMA and the momentum is showing zero meaning we can't make a judgement as to the strength of the trend we are looking without a few more days of  trading data

I think for now Afribank is WATCH for a few more days!

.  roughcut, the candles say it all. u see, it has bounced around the N25 support on 18th and 28th jan and 1st and 9th feb, either opening near it and running back up above N25 or closing near it and running up away fro it the next trading day.

also after a long red candle on the 12th feb, it has formed 2 doji at N26 already(yesterday and the day before). so thats why i think a new support is forming there

it has broken the N26.50 mark many times in the last 1 month and gone right back to it too

@pumping
by the way, congrats on ur 1000th post. invaluable contibutions they all were.

pumping777:
Man must learn this Japanese by force o 

I don't know what Afribank can use to stimulate price movement sef. No other result (Interim or FY) out till around June/July at the earliest.

then it looks like they are in for a long trading range with little or no trending. u cant even do CICO them cuz the margin btw resistance and support is quite thin

pumping777:
I don't get it. Do you think Afribank will be hard to get at N26? This is roughly the lower price band at which it has been trading since TS was lifted.

N25 is a major support level for afribank although it appears a new support is forming at N26(as spken by DOJI) .
resistance is at about N26.50 post TS, thin margin.

Napolean:
Dear Friends

I want to believe you all left money matter and took your better half out.

Anyway as we were discussing I love critique and nobody is all knowing except our Creator. I hope I am still learning and I no dey carry womans tweezer comot my grey hair. Na my sign or maturity,turbulance and may I say being distiguished :

@Father of 2 - please do not delude yourself. Diamond has been trading in a tight band for over 4 months now. It has billions of shares outstaning and nothing apart from the bank buying/divesting of its shares,rumour or strife or news will send it in leaps. Or any other well capitalised bank for that matter.

@Wanaj0- You are spot on in most of what you say. I concur with you mut I still think that our considerate importers that bring into the country huge quantities of necessities and jam the ports and have their name sung do not borrow funds at 20%. A lot of them are even on the boards of new banks so they are relatively special. I am not talking about 2 containers of contraband every 6 six months. I mean our shakers. The type that also don't mind paying big money to try and get on the board companies such as nigerian breweries.

@ Londoncool - You probably know me and are nice guy as many of the folks in the London branch of first bank are. But you mentioned you have left. What you posted I agree with to some extent. In those days many Nigerians and some still do remit funds through the london branch to our domicilliary account in Nigeria because it is free. Or is for me. Because it is essentially an interbank transfer. A few big players also used to go to the Park Lane office of standard chartered to do the same, though it's not a retail office so it's really just a favour for a "friend" of the bank. Having said that the oyinbo banks will remit and try and suck about 1% (or more) or value but we tell them where to go because with private banking all the hidden costs-the calls to nigeria,calling your satalite line in those days, the special chque book etc, all you dey pay for indirectly so why I go pay to move wettin be my own. Also I prefer the oyinbo bankers because they are not too overly familiar you will not hear gist about your bank balance at a polo match in lagos and they are happy to call you Chief because your sruname is "exotic" unless you pull them up on it. Some people prefer a quite contented life. It is a choice. Why should somebody build a twenty roon mansion when a tastefully furnished seven bedroom home will adequately accommodate the family.

About hacking- don't you take it lightly. At times don't people see funny digits on their cscs? It won't have fault ( lets pray) but how can you really verify wettin be your own iff you never see certificate at all at all. That is why I photocopy, register with the court then dematerialise (and place a caution) on my account because I do not trade. Because I live on my dividends and other going concerns I have, my holdings are for my family so they don't curse me when I am gone. That is why my certificates are mostly are offshore in a safety deposit facility and with the necessary people in the know and will be opened at that time.

Hacking @ All

- Did somebody not hack Bill Gates' credit card? When most of you opened stockbroking accounts did you not give a recent passport picture of yourselves. If somebody knows your name, proper signature,d.o.b,address,bank details do you think it is very hard to aquire new loans/credit cards with your info. Use your old address as previous residence, get a new address get a fake uitility bill and apply for credit with your info. Please I don't want to go further and give more info to any silent fraudsters but those of you in the diaspora know what I mean. I am not saying it is easy to hack into your account but somewhat easier to obtain credit with your details. Thats why identity theft is a big deal aborad. And I know you will say if it happened it gets refunded, usually yes if you can prove you had no hand in the set up however a quite reg flag goes on your acount and your credit rating is silently cautioned. Is all the aggro necessary? thats all I was highlighting and not suggesting anybody you will be duped. Not to get any anybody paranoid. But I must say I did not like my daughter getting a phone call tell her she has been pre approved for a credit card she did not apply for. Quite the norn in the US. I don't personally believe in them.

@All PP's

Where do I start? I did not say that PP is the only way in. I think you may have gotten that impression because I responded to Wanaj0's post that was about the IAA PP and just decided to mention what I knew about a company I have spoken to the Chairman about and he explained he bought it through another company that warehoused it and it made sense. What I did say and I will maintain where I am personally concerned that my entry price largely determines my exit. Although I rarely exit because hopefully my effort go reach childrens children, no be for me.

Not all PP's will list ever. Some are good in a sense that it gives regular income and are de facto pensions for us. They pay out a large % of profits-sometimes all as opposed to a quoted company that usually wont pay out more than 60% profit.

By the way Fan milk for example is a nice income booster for me. At least it has paid 3 postgrad fees over the years for pikins so I can't complain.

A placing is what you make it. Read: Art of the deal by Trump. It's old but good. If you meet an excutive director of XYZ comp and by virtue of his position he has a number of units but can't turn them to gold because him MD say no you can ease him out of his pain. You pay him handsomely and you sell at the price that is your desired exit point and you are happy and he is happy. Please understand as a principled person I do not encourage sharp practice. It limits grow and is an economic dictatorship. But bear in mind the NSE is a limited liability company. No be charity. It is only a platform to trade. Therefore not everyone wants to trade in it and pay. Some people shop via the retail outlet and some buy from the manufaturer direct its as simple as that. Until one becomes more knowledgeable and is ready to trade volume them its is MUCH better to trade for public market. Trade,barter,fight  then agree. Abi? When you used to go to market didn't you have your customer? (na naija grammer). Same way some friends become each others customer very simple.

If I made the mistake of buying my pikin share in my name, will pay pay NSE to sell it to him or will I meet lawyer and registrar and transfer in a legal but cheaper way?

For example is Wanaj0 has his IAA deposited in his CSCS and tells his broker to sell at N2.5 per share he is a very happy man. So will be the person who buys at N2.5 and waits a few days until it maximum bids it self up to N3.50 or more ard steps out after a few days soft labour. No be form you carry fill na PP. Placement as far as I am concerned na sweet entry deal. I did not believe in new generation banks and was skeptical but I must say I am not dissapointed with the volume of GTB I bought from a friend in early 2003 at N4+ off plan but in house. Na PP? No. Na subcribe? No but na sweet deal. As far as I am concerned out of all the new generation banks it is the most hard working for shareholders, well rewarding and consistently priced.

@ Dr ATOPGUN your japanese candle no be in vain at all. Na blessing you hear? As the market slowly becomes more sophisticated all your analysis will become even more relevant. Technical analysis is great especially if you are a ducker and diver. But that one pass my head, it be for you and your friends here along with my son who is an investment banker in Canary Wharf and knows una jargon. I be information, fundamental and friend to friend investor. Very crude I know. At times I wish I could knock 25 years off but then again life is stressful these days so my ignorance to indicators maybe my bliss. But I read accounts sha and took some professional qualifications in this area and understand trends but candlestick no. But my advisors dey brief me and my son dey warn me!!! and I pray then decide.

As the NSE grows and the rustication reduces, and our bankers beg oyinbo to buy in and add credibility because of our inferiority complex then they will bring placement along with their "progressive" ideas. It works two ways. Is makes NSE halla people to pull their socks up so you can get your returned dough within eight weeks and your certificates with 12 the way things dey move but it also removes what some old people have previously enjoyed. But we are at least 3-5 five light years away from real progress here. The Chinese love Naija the Britico don't.
Madame NSE is very well educated and had a good job in New York, she knows what is eventually required. Financial engineers know its very hard to engineer anything when there is not market maker talkless of bid - ask spread. There are no "official" options or exotic derivatives openly traded. There are not options where you go only deposit fraction (unless you were on the board of transcorp haha) and profit either way.

So threat not thy selves. I will never send any bad signals or upsets. The wise amoung you will find the positive to suffocate the negative and exhale betta breeze. I have mentioned some of the nonsense previously but I am NOT complaining. Things are good. Even if you were to buy what you consider expensive now in with the next 2 years unless something bad happens you no go see stocks like the elephant for less than N140 so how that go bad. I think I am even being coservative. But if you are in and out you better learn una candle stick stuff and know wetin dey happen.

@All in the diaspora and working abroad. Your efforts are not in vain. You have garnered a wealth of knowledge and skills that can translate itself to gold. You can "place" out some of your ideas and warehouse the rest until you think the premium is right. The information age is not a cliche'. I am sure not a few of you will eventually float your area of consultancy/core competence on the floor and people will scramble to buy. You go do shakara and return money to regressive minds and ask who sent you?

Not much in this life na rocket science. The MTN and Glo for Naija no be ingenious, just dey try replicate wetin dey abraod so man no go rely on nitel/090 abi? Those abroad have the edge in a sense that  man no need "so called deep pocket" una will get international network (thats your wealth) and integrity (gold). Na OPM and "partners"at that level. When we get self respect and self worth for Nigeria the Indian man go "beg yoube the face his investors" money for am because dudu face no dey the doard of directors for their country leading companies. All that na progress. Nomatter wettin so called development you see for Victoria Island or abuja when you come for holiday we still get long way to go. Ever wondered why Nigerian born Oyinbo no dey inside elected political position. I no mean special advisor wey you go dey pay consultancy and give you yarns to suit them. I know you will argue its or captured/colonial our history but because of hunger and lack wetin they cause am today. Nigeria na 99%  dudu nation and 80%+ indiginious. Ghana and Gambia have higher % of other nationalities chosing to redie there. Wetin Barak dey do for Washington no go happen for eagle square with other race anytime soon. We have not devoloped to that stage yet. But that is not relevant to our discourse. I dey pray for Barak na good guy, at least na achievement so far but una dey look for openings such as legitimate OPM dey beg you bring them into your country. You would therefore have done your own placing. Nobody go return your money!

But I hope you will find time to share your story eventually. Life is about giving back even if na mite. No be for thank you but sometimes as the way your conscience they lead you. Even if na only one person you put through in life (as the Grace allows) na blessing be that. When you are blessed nobody fit break your anointing  so think otherwise positively please.

A time may come when a visit may be paid to a branch of the ATOPGUN group of medical facilities. I just pray pikin no go bundle me for evaluation/sectioning sha.

I do not mean to offend Nigerian bankers but until you realise wetin dey happen for Wall street and Canary wharf then you go know say marketing/attracting deposit/treasury/flowery accounting no be banking. That may sound negative but it means for people now the best days are still ahead especially if your patient and willing to allow your harvest to bloom with time. This also goes for other sectors wich are progressive and innovative. Investing in a company that bottling will be phased out and have no new ideas no be great idea. Unless you want buy am to asset strip ofcourse.

Nigeria dey. Oppurtunities on the floor of the NSE dey, Angola, Ivory coast, dey. Infact Africa dey so continue dey grin I beg. 90% of the crumbs I have are from or eminated from the mother land. So I will always advocate home and when the time is most suited for those abroad you should come home. Home na home.

Better days are still ahead for all of you. The best thing you all have apart from knowledge is time.

Keep up the great work all the hard working, informative and positive posters on this thread. It shall not be in vain.

Uncle Napoleon, thank u o! in a mere 10 posts u have provided eye-opening gist into the higher workings of investing. For me anyway.
I may have a scientific background but i have a business lineage.
i take ur points with no pinch of salt at all, i'm all ears. u've got me yearning again!. i will be ready.
As Solomon said, "i have been young and now i am old, i have never seen the offspring of the righteous(diligent) beg for bread.
we will all prosper, all to varing degrees, but prosper we will!. i must leave alegacy of wealth to tobechukwu (and im sister wey i don begin dey plan for but make una no yarn my wife yet o, she go tear me slap )
once again thank you.

@londoncool

yesterday was not a red marubozu because there was still a lower price than the opening price even though very little difference.

today was a green marubozu as the opening price represents the lowest for the day and the closing price the high for the day.

the lowest support of late is around N3.6-3.7 and a new resistance seems to have formed around N5.60-5.70

not looking good for livestock feeds, a lot of selling pressure today with high volume, not good but i've been wrong before.

by the way, i dont own any on the list.

For me personally, knowing my nature, i would sell if i've made anything from 20 - 25% gain in the companies on the investigation list especially those who haven't released results in yonks and we dont have much info on.
i ask, as several people have asked on here, what is driving a company like afroil's growth?

i personally would sell and tie in my profit cuz on this news they are bound to fall sooner than later especially as i'm sure in the coming days we will begin to hear more dirty laundry being washed in public and more skeletons being exposed.

i would sell and reposition for when the dust clears

richieade:
@ pumping,

just to say thx very much for the unhomes tip, I was lucky enough to make 20%!

I just don't understand why people are so surprise that the market maker are the ones making the most money, it happens every where else
around the world so why would it not happen in Naija.

Just thought I would write something.

@Napoleon, 

very interesting reading can't wait for the next post!

@topgun,

Abeg continue with your TA o!

for sure, for sure man.

on the issue of the market maker, if only it was a market maker it would be understandable. in naija's case, its just some big homies cornering the market u know! holding other investors to ransom. the SEC comes out and try to give palliative treatment otherwise known as medicine after death. lets hope these dry bones can live again