₦airaland Forum

abctrans

hey guys

PUMPING ET EASI

MAKE U LOOK FIRST BANK CHART KE. DAT N50 ROOF NA IRON DEM TAKE MAKE AM O,  NO BE ALUMINIUM AT ALL.
AS THE THING DEY HIT THE ROOF NA SO E GO BOUNCE BACK.

na so-so selling pressure today walahi. these P.O people dey vex gaan. na to take their own pound of flesh on the stock o. anyway, wey my check book, make i begin dust am, na to write blank cheque to my broker on this one   (joking on the blank cheque part.)

who dey follow me look AGLeventis wey we talk for tuesday. na wa o.
looks like it will come down enough for me to buy join una for there.
e be like some of this TA don dey work for NSE KE.

@crazyT

se o n ri unity sha.

bigtreat, o ga ju, 3 identical crows come form today, see bleeding. MEDICS!!!!!!!!!!!

something better support this stock from next week or e no go funny o. i hope say u never buy yet

hbrednic:
wanaj0 you do your part,just leave the rest to us.thank you jare.




"eterna still representing" as the field marshal will say it.
DSR is still enjoying the obama booster tonic,i don dey shine be that thank GOD  

tread with caution on DSR my dera hbrednic. tread with caution unless u are in for the long haul

@ atam
BR3 KE. NO VEX O I NO SEE UR QUESTION(s)

RoughCut:
I'm sure they know by now that there's a forum  called Nairaland so they will definitely think twice before rubbing up someone from nairaland the wrong way round  Ha ha ha ha!

u don't know how right u are. this forum is been rewad by people u wouldnt believe. will share something soon with u'all

wanaj0:
I dey shout CAVEAT EMPTOR no one dey listen. Make nobody come ask me question OOOOOOOOOOOO

Me no get any link OOOO. All of una wey dey collect link for Nairaland na OYO you dey OO

aktopgun:
i feel the need to write this guys.

We are all aware of the imperections of our NSE and as i have said numerous times, we ae all learning more everyday. i do not advise and will not advise buying companies with woncky fundamentals. i have been careful i believe in applying caveats to most people on my posts as appropriate, except for the people who already know that bottom-line, your investing decisions are up to us.

i have never bought any company i don't intend to keep for the long term and i have till date not done any CICO. this doesnt mean that people who do it a re wrong o something because many have made loads of cash from it and for some people thats their investment style eve.

i would like to say that these diagrams and analysis i do here are merely to help me and any others to make some decisions on "when" to buy and not "what" to buy. i can't decide perople's portfolios for them, thats an individual decision we all have to make.

Caveat empty! 

silly me, i meant to say, " ur investment decisions are up to u"

i feel the need to write this guys.

We are all aware of the imperections of our NSE and as i have said numerous times, we ae all learning more everyday. i do not advise and will not advise buying companies with woncky fundamentals. i have been careful i believe in applying caveats to most people on my posts as appropriate, except for the people who already know that bottom-line, ur investing decisions are up to us.

i have never bought any company i dont intend to keep for the long term and i have till date not done any CICO. this doesnt mean that people who do it a re wrong o something cuz many have made loads of cash from it and for some people thats their investment style eve.

i would like to say that these diagrams and analysis i do here are merely to help me and any others to make some decisions on "when" to buy and not "what" to buy. i cant decide perople's portfolios for them, thats an individual decision we all have to make.

Caveat empty!

endure:
Whatch it, waiting for d bottom can be dangerous, do what u intend to do
and make sure u don't regret.

C. E.

i was merely making an observation to roughcut my brother . where would i get the money from to buy so many companies.

i like patterns and i like the pattern for this one.

ok. back to, all caveats apply!!

RoughCut:
and the candle is RED. Closed N5.55 from the Opening @ N5.82 and First bank lost N2 today so time for shopping don dey approach quick quick!

u know what, the fact that it didnt go beyond 5.55, (the close of yesterday as well,) it might be that the bottom don form in a pattern called "matching low pattern" where both bodies of the candles are red after a long downturn and the closing prices are the same, meaning people arent willing to sell below N5.55.


heads up for monday. if it closes higher chikena.

livestock appears to be running out of steam despite closing higher today, i dont like the candle today at all. i guess we might have to wait for the next wave on this one. next week doesnt look good for it but i hope i'm wrong.

@roughcut
looks like we've reached our bottom for niwicable u know

@pumping

i sorry ma men (trying to copy my liberian friend  ),

i no look my charts on cutix yesterday. i guess i am paying for it today, was too tired. u are in it for long term abi? i bought last yr so i still sey kampe. roughcut na im clean mouth for this one.

just in case u are wondering, it did a shooting star yesterday, not good after its recent rally over the last few days and todayit looks like it is suffering for it as the bearish candle yesterday would have suggested had i looked at it.

angry with self

people are insistant on pulling dunlop down sha, see fight again today. na who go win, bull or bear, very interesting. it is still the bulls for now but only just. unless something happens soon the candle will be red today.

o ye bulls where art thou!!!!!!!!

elemu:
A beg, if I may ask how you dey know this live trading as you dey overseas.?  Abi NSE don get streamer?

, i wish they did.!!

its from the website

Dunlop opened higher today. GOOD

@wanajo

bros, thank u for the heads up o. how can we get in on the game?

but na wa for this S.E.C sha. smaller individual investors are been left to the mercy of these imperfections u know.

to get in on these kind of thing and play effectively, partnerships areneeded, what say u guys, anyone ready to partner should the need arise?

aftadocean:
@Roughcut,

There was no particular reason for selling zenith, the only reason, which you might want to consider if you are keeping it for the longterm is the fact that it looks like a "one man business thing" Infact bearing this factor in mind, I am considering moving out of anything Dangote in the medium term. However, I am still keeping my bonus and rights.
Ikeja Hotels - I will take your advice on this.

@Aktopgun
Insurance,  abeg i fear that sector no be small!

@Wanajo,
thanks , I was thinking in the same light too except for union bank sha

i do as well, which is why i have hedged my exposure to them by having only core holdings in 2 - crusader and Mbenefit.

i tkae wanajo and roughcut's points on fidelity and union but if u are in them for the long term they can at least do u no harm. i cant comment on breweries cuz i dont invest in them for personal reasons.
Ecobank and sterling merger is on rocky footing and u mat consider having both as too sweet a cake. if u pushed me on it i would say sell the sterling and leave the ecobank.

Nestle, hmmmm, at what price. look at this chart to help decide

aftadocean:
Hello ALL,

I must say i am very happy and privileged to read the daily analysis of the NSE here everyday. I am somewhat a silent reader, 'because our people say a fool is considered wise if he keeps his mouth shut. What I'm just trying to say is that he be like say i be moo moo(and to imagine that I thot i was hot!) as far as this stock thing is concerned and I have honestly learnt a lot more than i could imagine just by reading everything here on a daily basis.

There are too many names to send appreciation to - Aktopgun, thanks for those charts, it looks like they really work for the NSE, you are just wonderful, Blueband, windy wendy, Mr. Risky, Invisible, Easimoni, Yodiyokun, Ioma, Pumping777, the list is inexhuastible.

I need your advice sha!, please help a sister here. I am a long term investor and so when I buy a stock its for keeps. I tried this CICO thing last year, but got my fingers burnt largely due to the stock broker I used then, but honestly I don't think i have the liver for such now.I kind of stopped investing in stocks towards the end of last year for the reason that i felt i needed to reorganise my portfolio, because 85% of my stake in the NSE is in the Banking sector, and the thot of that kind of scares me. So please look at the stocks i am holding unto for now especially the Banking sector and advice me on which i can do away with and reinvest in to another sector of the stock market( I actually do not want to invest any new funds for now, which is why I want to reallign my portfolio).

BANKS
Union Bank average entry 20.44
GT bank  entry at 2004 PO price
Sterling Bank entry at 2005 PO price( then magnum bank)
Ecobank entry at 2005 PO price
FBN average entry 36.00
Fidelity entry at 2.30
wema bank entry at 2.40
Intercontinental entry at 2006 PO price
UBA entry at 2007 PO price
Oceanic entry at 2007 PO price
Access entry at 2007 PO price
Zenith Average entry of 13.90 - Have actually placed a sale order on this.

OTHERS
Nigerian Breweries entry 36.91
Unilever entry 13.50
Dangote sugar 2006/07 PO price
May and Baker 2006 PO price
Dangote Flour 2007 PO price
Conoil entry price 72.00

Friends, Which should I sell in the banking sector(i.e. that you do not advice to keep for a long term) and which other stocks in other sectors would be good for the longhaul?

Thanks for your advice.

HA!! girl u re made for life with these stocks u have and the entry prices, too juicy. wow. u would laugh if i told u when i bought my first stock. i bow.

On trying to re-align ur portfolio cuz u have 85% in the banking sector:

Diversification is good, very. but i wouldnt diversify just for the sake of diversification. u are already well-spread as far as i can see and u hit the market when things were still affordable, right now there's a lot of manipulation and over-value on the market. Where would u diversify into. the only major sector i see missing is the insurance sector and thats really good only if u are adept at CICO which u dont like. besides as bros Wanajo has told us here several times and we have seen too, the insurance sector is shrouded in secrecy re: their figures and business.

If i had this portfolio i would hold it cuz its the banks for now that hold the most value in the market, even if u have 85% of ur portfolio in in them. at least u dont have afribank which may even still come good.

i Suppose u could look at transcorp . I AM ONLY JOKING ON THIS ONE O!! .

As Faketan would say, "just my N1 worth of gist" abi faketan

@MISHOO

WASSUP MAN, U'VE BEE SCARCE LIKE THE BULLS ON THE NSE

Tobechukwu is fine, thanks for asking.

faketan:
i think the RSI is a good tool that suggests when a security has bottomed out.

Anything below 30 shows that it is oversold meaning it has bottomed out assuming you are using 70-30.
IEI may still go down a bit. It is already in the oversold region, but if a 'three black cow' forms by tomorrow, it means reversal may not be far away.

The guru have the last say please.

My 2 kobo.

ehem, faketan,

why na only so-so 2kobo u dey always contribute ehn   . with all the millions u don make for NSE. abi u dey stash all for a rainy day?

Oya pls from now on try contribute at least N1 per post.

I am only pulling ur legs mate. On RSI, u are right.
it may not be able to tell u when the stock may have bottomed out accurately though cuz it can be in th eoversold region (ie below the 30-line) for 1 day or 1 year. IF u are buying a stock for CICO and base ur decision on buying on a below 30 RSI, it would be disastrous if it now remained below the 30 line for 4 months or something cuz it could be dropping frther and still remain below the 30 line.

i hope u catch my drift. i like to see upward movement on the price charts after downturns (i use the candles to make judgements on this but i know not everyone likes candles)

just my N1.  

Prince11:
@ALL, any technical way of knowing when a stock bottomed out?

I want to buy some more IEI to average down entry price.

I[b] hope someone is keeping an eye on Academy press, e be like say na only me dey for Union Dicon ride, round 2, no shaking! [/b]

i no know say plenty winch people dey dis forum o!! i thought it was only roughcut and pumping wey bin chop winch.

i was looking at academy last night, i no fit shout. it is looking quite good u know but is not yet showing recovery signs. might do early next week or if u really want to be bullish, even today. time will tell

My prince, pls no vex, i could have sworn i saw a uestion from u yesterday but i am not sure if i replied u, if i didn't pls repost it let me see if i have any thots on it. thanks

pumping777:
Chei!!! You ke? A whole TopRangeGun? Fear no go come gree me chop the food were top gun like you serve  

YES O NA ME SERVE THE TEA TO MADAM AND GIVE U THAT DON PERRIER WEY U ORDER TO WASH DOWN THE GRILLED SALMON U ORDERED.

I WAS TIGHT FOR DOSH WHEN I BUY THE THING SO NA ONLY BASEMENT APARTMENT I FIT AFFORD FOR THE HOTEL JARE,  

Mr. Risky:
On a more serious note, try mbc securities.  They have really impressed me.  They answer my mails, return my calls.  They listen and are willing to help.  Sometimes, though, brokers do have their challenges, especially when there is demand for stocks that are on bid and stocks that are also illiquid.  I always watch to see that I leave them some space, so I know that what I am asking for is truly gettable.  I have my mandates executed same day, almost always.  Call this lady and discuss with her: 08037909450.

Before meeting mbc I had used Citycode trust (they still use manual typewriter in their office filled with cobwebs, up till now they can accept N5 to open account ), Mainland Trust (these ones are afraid of internet), Profund Securities (their problem is that if you need your cheque tomorrow, sell your stock the previous month)  But mbc has been comparatively much better in efficiency and effectiveness.  Only few brokers, if any can give 100% service delivery, "agbero" sometimes de break the rules

so did u buy M&B?

crazyT:
This thank you message is for Baba Tobe


Silent gratitude isn't much use to anyone.  That is why I say big thank you for your un-relented effort in helping each and everyone of us (undermining the way the questions were asked) in checking those candles and interpreting them.

I would have lost more than 1.5m this week alone if not for you and your candles on Big Treat and Niwicable especially.
Unity bank’s mistake was of my doing cause I was not patient enough.

You see something that has always puzzled me all my life is why, when I am in special need of help, the good deed is usually done by somebody on whom I have no claim.

Thanks and may the good Lord meets you at your point of need.

I am truly touched sir. thank u for ur prayers. A BIG AMEN TO IT.

I am learning too and have a great long way to go still.

grabdaloot:
aktopgun,
nice of you to continue to shine your candles but one thing I noticed from the NIWICABLE chart. the pattern is a double top which is also not a good sign in TA and also the chart exhibited a bearish trend as it formed the pattern of a lower high. we'll have to wait and see whether it will be a lower low. If not then pray for it to be a converging triangle (AGLEVENT and UTC before the break out early his year). What are your thoughts

grabdaloot.

Mr. Risky:
That your broker na correct business man.  Even in Mushin market, you can find those stocks to buy.  How much money you don give am.  Watch him closely. En get telephone?  I would have advised you call him to ask him why he has not bought those stocks for you. Again maybe it is divine intervention.  I see that two there are insurance stocks.  Do you live close to any hospital?  I am just asking just in case the stocks are placed on Technical Suspension, and that very soon

@risky

wetin na tobechukwu dey sleep here o. u wan make i wake am  

kabraw, don't mind risky, its his way of warning u of the insurance sector and their impending Public offers for which their shares will be place on technical suspension and therfore cant be traded during the Public offers  

pumping777:
Ikeja Hotel

I no fit talk as I dey too busy admiring the one wey I carry   Na Executive suite I dey.

Me don load this one before anybody go come chance my ajebo broker. Na since last week the heavy volumes don start. 100M+ volumes today Na o ga ju  

e be like say na me serve u room service last week. abi no be u dey executive suite for penthouse?

i talk am say i see nairaland for the man laptop when i drop the tray. so na u.  

Mr. Risky:
AKT, out of love I am sounding this warning.  TRANSCORP fit spoil your candle and scatter all the chart.  I know what it cannot do   It is risky to try to analyse TRANSCORP, since the company does not yet exist, its only the boardmembers and some falling signposts that can be analysed for now.  And they are very mercurial to be subjected to any analysis, that is the biggest advantage  VETENARY DOCTORS, over to you

It appears the stock is afraid of N4 for now

if u look at my chart i talk am for there say this one no dey follow technicals na ndidi dey control am.

btw did u know  that livestock feeds is one of the best CICO opportunities out ther now. look at the chart. sweet.

u dey look may& baker so.

caveats apply on livestock o but not for u risky.  

kabraw:
Please fellas, my stock broker has not been able to purchase some shares in the last week or two.Issued a buy order for lawunion,abc, and mutual benefit with prices higher than the lowest prices set for the day on these shares but no luck.Will like to know,if these stocks are on strong bid.Your response is appreciated.

mbenefit-weak bid
lawunion-weak bid
abc- dont know, probably

the daily bid list is generously provided by naijadr on a daily basis. its on the previous page

invisible!:
See me see trouble o, how has everybody suddenly started looking at 'my' Transcorp? Chei! And I never buy my own.

Lawalidowu and Savvylanre should steer off o, AKT warn them o.

ol boy, make samstone no catch u o!