₦airaland Forum

abujabooks:
@Father of 2,

How are you sir? I want to say thank you. I have learnt a lot from you. Greetings to your family.

And Greetings to your family too.

debenzd:
You got me there sha! Na we dey always hurry to sell after 1 week. We still have a lot to learn on this CICO thing!

I hope the 9 months result creats a bullish effect. It will be very good for d stock. I kept it for 6 months after which I sold off some portion of it.

By the way though, why don't you do candles?

If you remember well. I was made a challenge to it sometime ago. Its good alright. But its skews your perspective in looking at the real direction of where a stock is heading.
When a profittaker attacks today, candle will tell you by close of the day, and many will react next day. But that may not be the true picture.
Its like embarking on a journey.You may have a blown tyre or something,but you'll still change it and make your way to your destination.
For me overtime, i have averaged short term to between 0-3months(sometimes a little more or less), within this time, a good stock must act. That is short term. But the wan wen traffic light go dey change from red to green to yellow daily, that na ULTRA ULTRA SHORT TERM. I think i prefer to sleep well on a daily basis.At best if you want to have a view of stock, give it like 2weeks to understand its behaviour particularly if you were well positioned from the start.

BHG:
I just wanted to quickly commend FatherOF2 on his constant loyalty to this forum.I've been viewing this forum for a few months now and have learn' so much from it.I realised only recently why activity has slowed down on it.

Even though i don't agree with what Seun did,i do beleive a lot in loyalty.And loyalty is not known until it's tested.the lesson i have learn't the most so far though is to ensure that if you are in a venture that can be replicated by another person,you have to constantly be at the cutting edge.

Seun,i beleive in your vision and i know that you made mistakes,but i can see you shine again.I want you to realise that i do not blame ANY of the guys that moved on to another site (because we are all human beings),but i know you can dream again!.

People (i inclusive) can take your coat of many colours,but your dream can't be taken.

Seun,FatherOF2 et all,keep the fire burning and i hope this month of May shall be profitable to us all.

BIG Amen to that line.

debenzd:
Fidelity fit no go pass 11 o! With d candle when e do so. But let's see what tomorrow will bring.

Remember 0-3 months. I don't do candles.

nkc:
@fo2

hope yur laptop is still in shape after d last time it had a problem

this gtb is coming close to a good entry price again, should one pick much more or sit still

Thanks for that. My laptop is much better. Too much beta inside now.I'm very carefull not to download any rubbish online.That's how the virus got in the first time and i have Norton doing the protection now. Yes GTB is in a very safe reentry point again.

I don't mind going to bed with LASACO tomorrow if i can bid it at N3.73 or N3.78. That would be a comfortable spot to sleep.

debenzd:
It is great to see you back online. make u no let work keep you away too much from d thread.

The 100K rule is funny. I can't seem to get anyone broker to explain how it works. On broker told me that they will still make their cash and infact more with this new rule although he said one should keep away from fundamentaless stocks.

The lethargic mood of the market is an understatement. But to think that some peole still dey make serious cash,

How u see eterna? Their result no good although they give a bonus. Never hopped on that train though.

When there is a will, there is a way. SEC will make another rule to counter the loophole around this current rule.

debenzd:
It is great to see you back online. make u no let work keep you away too much from d thread.

The 100K rule is funny. I can't seem to get anyone broker to explain how it works. On broker told me that they will still make their cash and infact more with this new rule although he said one should keep away from fundamentaless stocks.

The lethargic mood of the market is an understatement. But to think that some peole still dey make serious cash,

How u see eterna? Their result no good although they give a bonus. Never hopped on that train though.

Hahhahahahha, Eterna is a funny one. I never expected bonus on Eterna,but i know say loss will come. I'm as guilty as the brokers for the touch and Go i did on Eterna twice this year.Lets see how it goes from tomorrow though. Can't touch Eterna at its current level.
Fidelity looks better for me, its on recovery. Just hope they don't suck out all the juice before Q3.

jonijoscom: Father of 2,
Please, I want your candid opinion/advice.
Before I start, I must state it here that Pumping has warned me about CASHCRAFT but I didn't listen; that is now history.

This is my story, please I beg you, take your time and read it:
I took 3m loan from a bank by presenting some share certificates (not yet verified) and a list of stocks in my cscs account mostly banks' stocks(not consented by my stockbroker). The bank manager accepted them on personal recognition and for the fact that the sum value of the stock is over 200% of what they are giving me as against 130% their offer letter asked for . Although, he informed me that the collaterals must be perfected before their year-end.

Some time last month when Dangote SR announced their intention to give 1 to 5 bonus share and 50k dividend, I instructed my stock broker(Cashcraft) to sell my 20k units of UBA and buy 20k of DSR and add to 22k I have already in order to maximise my bonus and sell off immediately after the closure date. Unfortunately, my account officer in CashCraft erroneously put for sale 50k of UBA(which I didn't have up-to) and 50k of DSR as against 20k I instructed him. The next day, when my order was not purchased and my UBA was not sold, he called me and tried to explain that the mistake was why the transactions were not carried out . I accepted it in good faith and him to amend and rebook.

Before then, I had sold some of my insurance stocks and asked Cascraft to buy Trancorp with the money realised. They sold my insurance but could not buy Transcorp then. When the price went up too high, I asked them cancel the order.

As at the week before, and that of Easter, nothing was done then i travelled. There in the village I didn't have access to the internet so i couldn't monitor my account. When I returned from my Easter break and accessed my account with CasCraft, I discovered that My account was seriously on huge debit. Behold CashCraft bought 50k of DSR for me at NGN47.5 on credit and debited my account without my consent. Secondly, they bought Transcorp at NGN4.4 after I had cancelled the order leaving my account with over 3m debt and NGN20,000+ interest within few days. When I confronted my account officer, he argued that I didn't cancel the Transcorp order(a lie from the pit of hell). I accepted it because there was no written evidence to prove my case. As for the DSR, he has no cover for that and then offer to sell it off at NGN38+ after the marked down. But then i considered the fact that if he goes ahead to sell the DSR, I would lose over NGN400k, I asked him not to sell believing that the price will appreciate so that I will reduce the loss, hence the waiting game commenced.

Last week my Banker drew my attention to their end-of-year therefore the perfection of the collateral becomes imperative/imminent. He wanted me to sign a document for the placing on lien my stock(banks') with my stockbroker. I asked him to hold on knowing fully well that CashCraft would like to recover their 'imposed loan' and all their interests first before looking at the request of the bank. Which means that they will sell NOW and believe me, with the current bearish reality in NSE, I will be badly hit(losing over a million, charges, interest and time not included) if that happens. On the other hand, If I posit obstinately and refused to sell, I would have committed amorality suicide for betraying the trust of my banker friend.

The above is my story: a man in a dilemma; between the devil and the Deep Blue Sea.
NOW, WHAT DO I DO?
I want you to advise me as you would do to a friend and also as a professional in the field. God bless you.

Woow, this may be a little late. Don't know much about this Cashcraft people,but i think someone who has had a relationship with them (pumping) has already given you a suggestion.My only problem with that is just the lack of evidence to prove that you indeed tried to cancel the DSR order.He could also deny this.But follow it up.
In trying to get Cashcraft to reverse this order, since it seems the whole thing was done by word of mouth from both sides(you and account officer),i think you can as well deny to your account officer that you never issued any buy order for DSR. If he says you did, let him prove it.
If you're sure your account officer will have no evidence to prove that you instructed him to ever[b] try to buy [/b] any DSR (whether 20k oh or 50k) i think you can get a lawyer to execute.
Very sorry about this predicament of yours. I guess the bank should be either Diamond or FCMB.
It very important to maintain a good relationship with your banker friend. This is just a bad timing for you, but i think you should have sold off to settle with the bank.
I'll advice you be strong over this issue, like they say " WHAT WILL NOT KILL YOU WILL ONLY MAKE YOU STRONGER". It underscores why you need to maintain the friendship with your bank because when you're stronger, you may still need them.
On another note also. INTERNET OR NO INTERNET. Try and get registered with CSCS tradealert. At least there must be GSM in the village. I know one of the services offered by CSCS thru its tradealert is to inform/alert investors of unauthorised transactions so they can quickly reverse the orders once they are alerted.You can start immediately on this, you can't be sure a thing like this will not repeat itself.

ololufemi,

How have you been. Hope market no chop one of your leg?.

debenzd :
@FATHEROF2,

HOW You DEY? ANY THOUGHTS FOR D WEEK? NA SIDDON LOOK PERSON DEY O!

I think you sent this on the 27th.

Many companies pay their staff salaries before the month actually ends. I think that's what will be going on this week.
Some will be searching for where to put that salary anytime this week and next week. The new month is starting at the tail end of the week.
On the otherhand, looking at yesterday's transactions, e be like exception dey for 100k rule. i saw many sub 100k making price changes.It seems dem don throway rule after two days of implementation. Market was looking dull and lethargic.

Still filling the blank space.

Filling the blank space.

Hmmmm, thankGOD its 1st of May (Mayday). Some freetime at last.
Wait does it mean we're just entering page 748 since 25th. Kai, disaster.
Bad thing no trading today. I wanted that stubborn skye bank to fall today and tommorrow.

rasputinn:
Fof2,easi,pumping

Do you know the payment date for Oando bonus.Why are they keeping the date under wraps?
I'm taking serious aim @ them and UBA,but I need to know the Oando payment date so I can plot my move in

Didn't get any, so i've not been looking out for it.

beginner:
Fatherof2

This GTB wait dey tire me o. I need to move the money to some other banking stocks except they do 1 for 1. I hope all is well with this bank o - overload dey there.

Me i need to know the new banking stock wen you wan go oh, e be like say e beta pass GTB wen you dey so.

FICKLENESS===Nice word.

ichibanman:
FO2, Please expatiate!

Na wa how you want make i expand again. Ok let me go technical just for this occassion.
This is the way i look at a price behaviour from a technical point of view as it coincides with a TIMELINE
GTB is making minute (very small) changes so it can drop into oversold region.
A price which changes from N33.95 to N33.90 will still have its RSI drop by between 3-4 indexes.But the change was only N0.05,
Also a price that changes from N33.50 to N35.17 will also still have its RSI rise by 4 indexes.And change was N1.67
Now the timeline in this case is the expected release of GTB results. With this minute changes, the price is still able to hover about a support level while still being able to fall into oversold providing enough headroom for reasoneable price appreciation when the time is right.
If it doesn't happen this way and you have the price too high,by the time a good result is released,you will proshare say" Investors were not impressed hence price went down". It is not that investors were not impressed, its just that " there was no headroom for chopping" so leave the stock to fall to provide more headroom later.This is one thing that worried DSR and RT Briscoe despite both bonuses and fair values.One went up, the other went down. Except there is a general paucity of funds,this concept holds true for me always.

Iwerebor:
Kevin Mitnik was a celebrated computer hacker. He was something of a marvel. He realized something:He didn't bother beating the machine. He exploited the weak link in the chain, man.

The market has got psychology that needs to be understood.

Fo2 once said that the market is riddled with codes. Absolutely true.
Each days pricelist speaks volumes.
Two things happen basically when shares are exchanged:
buying and selling.
Each action is a force that causes price MOVEMENT.

Remember Newton's law of motion? Objects will remain at rest or continue to move except a force is applied to interrupt them.
Results, rumors, news, profit taking, government policy etcr will only CAUSE either of this: BUYING or SELLING. These two actions are the true market forces.

Don't trade if your knowledge of economics excludes the law of demand and supply.

That's called INERTIA. Another nice one.

Iwerebor:
Those who say it cannot be done are usually interrupted by those who are doing it.
As volatile as the markets appear they obey the law of demand and supply very strictly.
The fundamentalist worries about whether it's cheap by always scutinizing PEs and other variables.
The Technicalist focuses on PRICE which is a product of BOTH PE and EPS but he is more concerned with the demand and supply curve.
The fundamentalist is very intellectual but the Technicalist is practical.
I don't see any place for chance in this market. Some things are actually very predictable.
Every man his own.

Good one there.

Nice one GTB, trying to get your timing right with minute drops that will make it available. I smell the paper and ink used for printing those results.

debenzd:
Fof2,

How udey? Hope your weekend was great. What are your thoughts on the following 4 tomorrow?

Skye
boc
glaxo
access
ubn
lasaco
jberger
ipwa

Thanks

Strong selection you have there. You're already a GURU selector.

For Skye== I would prefer to see skye by wednesday or sometime later in the week.
IPWA== May not go too far this week.
UBN== Looks safe to enter as the Q3 is yet to come and is expected.
Lasaco== This is bottoming out and looks safe also. But do you want to go on TS with them?.If you want to, its safe.
Access=== Good support price also its attaining N21.
BOC=== RIPE FOR CICO
Glaxo=== I won't do that one now.
JBerger=== Also good and safe, BUT FASHOLA WON'T SELL.

pumping777:
My man. Abeg, which one National Assembly do wey unleash all these bears wey no get rope for neck?

As dem no quick pass budget, contractor no get money again.

Na National Assembly i just blame for all this wahala

Even sales don slow for where i dey.

cj2008:
why re we so egdy when theirs a market correction.u kant get a stock wit a p.e of 18 these days,the stock market`s ability to correct anomalies in prices is what mks d market interesting.We wont hv a stock market anymore if u kant buy stocks at reasonable prices.
it goes up 2 kom down.just make sure that your greed is takin care of when your makin gains.Haba 4 us,

I really like seeing your post.

Meanwhile is that N33 i just saw for DSR or N38, maybe my glasses don crack for center.

beginner:
Father of 2

I am really getting scared about GTB. Why is it falling?. I just keep hoping they will not release the results in this bearish market. Very scary.

BE HAPPY WEN A STOCK IS FALLING AND GOOD RESULTS ARE IMMINENT.Its beta they release it when its falling than when its too high.They know the strategy.I won't be surprised if the results are timed to come out within the next two days to coincide with a fall tomorrow and next.
If the price is too high when dey release, " Overvalued" go worry am.

s_scofield:
FO2- Thank you sir but please if you don't mind, educate me a bit. How did you know this? - > it was not bidded lower than the days opening price.I want to understand how to analyze this stock market trend as well. Thanks again

Check your pricelist, you'll see it closed higher than the day's low which was equal to the opening price.

@ Captain,

Are you still in Beta?.

s_scofield:
Father of 2. Is it time to get off the eterna train? It gained only 0.48% today. Kindly advise Sir. Thnx

You know Eterna was always a short stay for me.Though i know some scared people who got trapped last time have been taking aim in the last two days.
The good thing is that it was not bidded lower than the days opening price.

pumping777:
I think the market is trending down generally and this 2nd stage started last week after the bearish run of last month. I maintain an imaginary portfolio with a crosss section of NSE stocks. I use it to guage the mood of the market.

I learnt this after the bearish run of last month. Even though I exited early last month, it was not early enough. I was hit with a net loss of about 9% on the stocks I just bought that month.

This time around, I exited last week with my 17% from the stocks I bought when I exited with the 9% loss. However, I still maintain a dummy portfolio for this. If I had kept the stocks till today (and a good performer like Beta Glass is 30% of the portfolio), I will only be up only about 5% today, down from 17% just last week.

This is the time to stand back and look small. Many suppports have already been broken and may become the new resistance prices. See Afribank, Aiico, Ikeja Hotels. The prices today would have been more than juicy two months ago, but today, being careful is key.

I agree well well.

stocknrock:
Fatherof2. what happened to GTB? I thought you were a real fanatic, you no dey buy again?

Why i go buy again at higher price when i don buy before before at lower price. We don dey near end of the road now.
You be want make i add am.

debenzd:
That is what freaks me about NSE. I hope as these scary results keep showing up, people will find comfort in fundamental stocks.

But what are your thoughts on the bearish run on d market. It is quite unsual during this time.

Yes you're right its quite unusual around this time. Though i normally expect issues like school fees to cause some slight depression about April. I'm yet to confirm from my broker about the authencity of this trading accounts issue being stopped by CBN,maybe some are weary.
But i see another bright side to it.Normally once we get to mid month some prices would normally begin a gradual slide till the month ends particularly those associated with massive loans.This has been the case before.Some prices are dropping to the point of taking on new levels, almost like going back to the starting block again.As the budget has finally just been passed, many payments are eagerly being awaited from all angles and many are seeking to get their hands on that money to put into the secondary market. The market is not really being over over bearish.Its more like TASTELESS to me.Many prices have a zero daily net change. Some people will say its very bearish[b] if the stock they have is loosing.[/b]
Just be diligent in making your selection. No go for stock wen shit no dey e yansh.

debenzd:
FIRST ALUMINUM PLC YEAR ENDED DECEMBER 31ST 2007
2007 2006
TURNOVER N8.723b N8.6b
PROFIT/LOSS BEFORE
TAXATION (N583.106m) N30.895m
TAXATION N91.522m (N25.433m)
PROFIT LOSS AFTER
TAXATION (N491.584m) N5.462m

PZ CUSSIONS NIGERIA PLC

9 MONTHS UNAUDITED RESULTS FOR THE PERIOD ENDED 29-02-2008
2008 2007
TURNOVER N47.441b N38.153b
PROFIT BEFORE TAXATION N3.916b N3.093b
TAXATION AND MINORITY
INTEREST (N1.497b) (N1.179b)
PROFIT AFTER TAX AND
MINORITY INTERESTS N2.418b N1.914b

BOC GASES
ACCOUNT NOTIFICATION FOR THE PERIOD
ENDED 31 DECEMBER 2007
PROPOSED DIVIDEND 22K CLOSURE OF REGISTER APRIL

29TH TO MAY 02, 2008 PAYMENT DATE MAY 30TH 2008
AGM: THUR MAY 15, 2008 AT THE LAGOS
AIRPORT HOTEL IKEJA LAGOS

I've always disliked this First Alum from day 1. Kai see beta loss.
But the funny thing is that na First Alum go begin rise from tomorrow.