₦airaland Forum

adewaleafolabi:
I heard first aluminum is on technical suspension for their Public offer. And the stock might be bearish for the short term. The current price on the market is 5 naira and the po price is 2naira. Gurus do you think the price would fall below that 2naira after the offer? If yes, then its better i buy after the offer. Am i right ?

You're right of course.Wait to buy on the Floor.If PP's are going for a dime a dozen on the floor now.Better to wait. They actually plan to use a lot of the money to reduce (NOT CLEAR OFF) their debts. So less interests payments in some time to come.

For the first time the market reacted like it normally should to good results.

UAC-prop and Unilever look like good bonus candidates now.
E don tey when i chop last for Unilever sef.
This one will just be CICO for these two stocks.
Na 9months we go sitdown for business class seat.

shigidi:
BEARS NO WAN STOP. if only i had cash right now, oceanic for hear am.

Hahahaha, na wa, small small oh.No be only oceanic dey market oh.

husu:
@Father of 2,
Hope these bears are giving you Breathing space? Reply ASAP.

If you see me now, na father cloth i take cover head.

debenzd:
Fatherof2, thanks for this explanation. This is what I was looking for. I also noted Oceanic had not reached zero. Is that responsible for the minimal increase today?

Thanks

Yeah it hasn't. Anything BAD can happen below zero . Crossing zero is usually a better sign that our head is getting above water.

husu:
@Father of 2.
I expect a serious rally in prices after those fantastic results of yesterday,But meanwhile when will i exit these oceanic? bought at 23.19.Thanks

Once you're in anything at 9 months, just carry on till FYE. I still have my zenith since 9 months.Though down but i'm still holding.

beginner:
Father of 2

Abeg this your disappearing act is too much o. Your contributions are valued. Please finish your explanations on Oceanic. Is it now ready to move from zero whatever?

Beginner i can't help but observe that you're a very rich guy with a deceptive name "BEGINNER".

Oceanic has not made the crossover yet, but DSR is about to right now. If it crosses, HI=LOW=SAME. See how BOC quietly creeped up,with HI not equal to Low until when Bullish crossover was made today.But not for long though. Diamond is right on course for a crossover.Its the ability to stay consistently above (not below) the zero line that determines if that stock is in a bullish mood.Anything bad can further happen if it remains below zero and you remain forever cautious until bullish confirmation is made.

shigidi:
this was the forum that changed my life, that made me start to give a damn about our economy and opened my eyes to the world of finance. knowledge is power and i got it here in plentifolds, so it hurts me when i see that this fucking forum has been on page 761 for over a month when this thread used to do 10 pages in a day. i promise to always be here. please let nairaland boom again, and seun please let us post all our charts as we may wish.

@ Husu,

Thanks i'm fine.

@ Shigidi,

Nice to see you again. The forum has suffered from the times.

husu:
@father,
what sayest thou about, skye and Oceanic.

Going by banking antecedents even in the last bull season.I'd place my tent in Oceanic now and skye later.
The next time oceanic reaches the trigger point probably end of next week, i'll add more. Two signals should hopefully agree then.Oceanic should know
this and time their result release likewise.
Its inching closer to zero threshold which is what really matters for bullish confirmation.

MyPeace:
l love that, opportunity no dey finish!

E no dey finish oh. Just know how to "control your excitement".
Watch some of this weeks runners beat a retreat next week.

nazzyon:
You are right.

It will look better as we enter new month but still make some falls caused by those " WEN WAN RUN". Still reserve some of your arsenal until when MACD's hit the "zero" . Opportunity no dey finish.

debenzd:
fada of 2 how u dey?

I be think say u don later our side. No portfolio was immuned from the bears. I still wonder how diamond can make it to 23 naira from 14. It will take a major bull run like we had in Jan/Feb.

Na long term stock e don become Maybe till next year!

Great to hear from you!

Yeah no single portfolio is still not immuned.Its not over till its over. Heard of this JP Morgan report on the banks. I think that drove out a lot of Oyinbo dollars.
I doubt diamond will take that long to recover. Right now emotions are controlling price movements.

The last time i did serious buying was last week of May in preparation for the next new month. I still took a "HIT" from my banking stocks were a lot of my port resides. Though 2005 was bad, but this is just pure crazy.Sentiments have just taken over the whole arena (Let my people go).
I've maintained discipline over the years no matter the situation, still following the rules of the game. The final week for the month of June has come and i'll still fill up more on my banks by next Thursday/Friday. Hope i don't receive more " HITS", otherwise i dey go do " Fada" for seminary.

beginner:
HE DON LAND OOOOOOOOOOOOOOOOOOOOOO

GTB DON DO AM O!. BIG PROFIT SEE LINK

http://www.punchng.com/Articl.aspx?theartic=Art200805313274935

@ Beginner,

   You need to run a scan on your PC. Its carrying a Trojan through this link you just sent.And i think it will pass it on to any unprotected PC that clicks that link.
I lost some cool trading business because of this thing last year.
Market is still making more recovery signs. You'll see it if you look in the right direction.

rasputinn:
Not so fast man,he just implied that the seeming resurgence of the bears on the floor is not going to be year-long,so be patient

Quite right Rasputin,

Let your MACD's be your guide. They hold your directional key.



When you see a price still trending downwards and your MA still giving you up trending troughs, that is a stock to buy as that is where the good gain potential lies.Current cyclical movements just show both "new interest" and " ESCAPEE SYNDROME". They only help to make reversal confirmations.Some are due to reverse soon ( 0-3months) some a little more (4months). That's why i believe things should reach peak by August and we'll need to reset as we prepare for Q3 announcements. The following are revealing confirmations.

Diamond
RT Briscoe
Vitafoam
CCNN
Linkage
UBN
DSR
Flour Mill
Nestle
IBTC.

But don't buy any until you get the right rs trigger.
Fear not any further price decline,the percentage change can be overlooked from your entry point.ROCK BOTTOMS are impossible to find.

The market is actually under going recovery,but many are not seeing it. This week is actually revealing recovery confirmations, next week will add more confirmations until the zero threshold is crossed leading to a proper bullish recovery from now till an August peak.

debenzd:
@ Fatherof2, I no understand this Fidelity talk. Do you mean that the resistance level of 10.5 has been attained? You know PO shares never enter so I suspect that the price may get to like 9 naira because of there overbloated share capital.
I am wary of Fidelity. See how PHB has started crediting people's CSCS with the shares. PHB is not going anywhere for now. Same with Zenith. na just to wait out the period and position when t has really dipped enough. Abi how u see am.

Fidelity was overbloated pre PO. I think it has fallen quite well. Besides, if we confirm the market this week as being fully "Bullish", sentiments will change.
In a bullish market, prices tend to hold their resistance more and longer. When sentiments are negative during a bearish market, people will do anything just to get out, that is what breaches resistance. Right now the last drop in Fidelity's moving average is less than its worst moving average drop in last 3months. That is a good sign.

MyPeace:
wetin come dey happen now!! make nothing serious happen oo, because l don already dey calculate my profit

Nothing dey happen. This kind of thing is expected. Na bad belle selling just dey take place. "Apprehension", "Fear", fear of a repeat occurence of the last experience. Some just see it as an opportunity to quickly get out of their lossing positions.A few will just be recovering.
I am actually waiting for the "NSE Rhythm" to commence, when the rhythm is confirmed, we can start picking from the weekly loosers chart.
But my lasaco is performing big time.ThankGod i cancelled my price limit to enter. That tin bad sometimes.

@beginner, mypeace, husu,

These were cico opportunites for all those banks listed. Na the quick rush to collect them at the bargains which they were last week, that's why the sudden rises. GTB me still dey that one until i see that bonus.
But e be like bear don cause frusrtation for some people so tey dem no fit wait for friday sell.
I no fit cico my zenith again at this price, no room for the cico as people strike today.N3 cico no reach me there.
@ mypeace

no oh, i no dey selfish oh.i go tell you before i buy.

@ beginner

The fidelity graph i'm looking at looks promising. N10 plus has been a safe zone/resistance) and i see room for upswing.

@ husu,

we go soon cico dey go. Lets confirm market. No rush do anything oh.

nazzyon:
Holla

Some people are saying that their CSCS account has been credited from the last Bank PHB PO.

Make somebody confirm this tin now.

This was Atuche's quick assurance then. e-cert.

Abu-Maryam:
Father of 2, debenzd
Thanks for your candid advice.
Baba luk at presco as its behaving, but me i dun pres-out today i no fit stay friday. Am considering Japoul to shade small before striking. Ikeja Hotel do past my power.

That was a good move Abu on Presco. I'll find my way today. N15.65 to N21.68 no be small profit. I won't wait for any result.Its probably factored into this price already. I'll CICO Zenith and UBA on friday. There was some added interest in Late trading for UBA yesterday.
Zenith is a very clever bank.Very conscious of its image, including its price image. I saw dem do this very well before the bonus of last year.They'll list now and ensure all certificates are out this May. Allow all the damage to be done in June and announce the FYE by last week of July when the price should probably be at the low ebb which they'll still manage. It will never be allowed to fall below the N45 price axis. They'll like that price to hover around N60 by year end.

debenzd:
fatherof2,

Zenith Dysentry wan start o!

Zenith lists 5.2billion shares
Posted Wednesday, May 7, 2008

Zenith Bank Plc today announced the listing of  5,162,891,311 additional shares on the Nigerian Stock Exchange. This brings the total shares of the bank to 16,747,796,686.


http://proshareng.com/myproshare/portal_news.php?id=4118

Hmmmm, though zenith are excellent at managing prices. Remember part was PO, the other was rights.Damage may not be too much.
But as for Me, My wife, my two children, my mama, we dey CICO zenith on friday along with our " family PRESCO"

Abu-Maryam:
Father of 2, ololuf3Me @All
I got my hand burnt, i need your candid advice plz. I gave a buy order of eterna oil when it waz at 32 naira, 150k units. It waz unfurnate eterna dropdown to 29 naira my broker didnt get it. After 3 days of my order i make a phone call to knw the status of my order i waz told eterna is not available. Then i instantly canceal the order. To my greatest surprise after 7 days when i open my cscs i found eterna waz bought to me at 40.65k 55,000 units. Abomination. When i forward the complaint to the management they confirm to me they are at falt. They pleaded to me they will reverse the transactn. Now we are heading to 3weeks without any improvement. I beging to understand their target is to remain silent untill eterna improve before they will sale and return my money.
I ve my own feelings , i can resist holding eterna for 1 year no headache but what frightened me when eterna declare loss after taxation. What you people advice should i keep on pressurising them or i should hold it for long run? Thanks.

But na wa oh, why must it always be after so long after the thing don happen before you guys know. Whereever you're try and get Trade alert now.Its lack of knowledge that is causing all these problems. The longer it takes for you to know,the harder it is for you to reverse a transaction.
You can make a complaint to SEC, but nothing much will come out of that. You may just have to take this as another bitter experience and learn fast. Just ensure that you're not forced to bear any costs or imposed loan.

debenzd:
I am hoping the banks will save the day and bring the bulls back. They are usually the 1st people to start disbursing Federal funds and typically know when cash is about to hit the market.

Let's keep our fingers crossed.

On the sad side wetin person fit do with ABC, Niwicable and dunlop. I carry my 2 left enter with small cash though but it will take a year's bull run to recover my losses. What are your thoughts? Our mutual broker no gree me sell Dunlop and niwicable. He keeps saying things go beta.

On Zenith and Fidelity, this is why i always take positions for Q3. But i will CICO my zenith sharp sharp. There is risk of "price dysentry".

Meanwhile how you take find leg enter those three stocks mentioned above.But since sanusi says you should hold on, lets see.But you strong oh when you waka enter those 3 stocks oh.

ololufemi:
this banks have started printing money in their Head Offices

Zenith 33 billion naira

All of them will stop printing too much money from early next year.
Uniform yearend will straighten a few things.But i will enjoy dem for now.

This Beta just did a small wema on me. They come unleash Q1 next day to save their ass. But i still won't buy.I still suspect a short term move.

@ dbenzd

Lets hope these are good signs for the market.

Based on this Beta result today, it seems friday holds entry promise if this decline is able persist.Hope it does.

kingzy:
@fatherof2,
Please what are the 3 banks?

Access, Diamond and more GTB. All FYE are crossed. Hope to add Skye this week, but won't put any bid price limit.Will just search for anything low. i failed in my lasaco low bid on friday.It doesn't seem some people are too desperate.

aktopgun:
. What challenge might that be FOF2?

I do not see how candle stick charting skews the view on any stock investment actually, if anything it makes it clearer. You may want to learn to use it sometime.

Understanding the tenets of the whole of TA should inform the investors decision and not one indicator as i am sure u are aware (or at least i hope u are). It is always advised to base decisions on at least 3 or 4 indicators and if u don't like a particular indicator that shouldn't make it bad or unusable should it?

I do not think it is necessary to go into the benefits of this particular tool but its there for all to see.

As Tesco says "every little helps" and in the case of candle stick charting it is not even a small help sef!

By the way, its good to be back.

Hahahahahahahahaha, i now see how to draw you out from the shadows.

debenzd:
I agree to this o!. Me I dey wait am. PO units go soon enter. Dat go be another tori.

Hahahahah.Nobody wan hear tori again.

RoughCut:
He be like say Papa God don answer your prayers its now trading at less than the PO price

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.

husu:
@father of two,i hope these bears reach ure side too?

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.