₦airaland Forum

onegentleguy:
A very good morning to u all !!
...this is wishing us a blissful and blessed midweek !!

Regards.

Jejebabaa:
Fidelity at 1.66, we are approaching it faster than expected.

fxuser:
further bleeding d mkt . . a long road ahead

yok:
MSCI- NIGERIA MOVEMENT FOR 14 AUG 2018/GENERAL COMMENT

All the equities in the fund’s portfolio got the selling touch yesterday 14 August 2018. The bell has been ringing long enough, “time to slow down on buying equities”.

At this point, we need to caution ourselves, in the quest just to make any profit do not be tempted to fill your portfolio with [b]“mom and pop” companies,[/b] they can be very unstable. If there are no good opportunities stay out!!! If you want to test this staying away from the market just check cumulatively how much you have lost in your portfolio (I did mine yesterday), it will amount to a tidy sum. Therefore, stop further buying till market improves. As long as you still visit the forum, you will know when this will happen.

I am not interested in putting any money in the market this moment.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.
Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

fxuser:
Access bank CP closes today
Tenor 91 days
Discount rate 12.5% (dis part )
Yield 12.90%


FMDQ can't complain dis yr and going forward. Dem mkt cap is keeps growing , index is now a small boi .
CBN's CP buying programme is d new medium steak , equities is not on d main course sef . lolx

Let me chk Eurobond yields sef !

sellydion:
No be to flee be that! I still dey watch in 3D.

OBAGADAFFI:
That Oil is a big curse to Nigeria.

Oil contributes less that 11% to Nigeria GDP

OBAGADAFFI:
We don't have the manufacturing might to drive the economy.

Just look at the NSE, the biggest players are Banks, FMCG, Oil and Gas

Auto Manufacturing- None

ICT/Telecoms manufacturing- None.

Heavy industry-none.

OBAGADAFFI:
This is why we need

Mo ibrahim
Adebayo Ogunlesi and co

Ironically Adebayo Ogunlesi, is busy investing allover Europe.

BullBearMkt:
MARKET IS NOW CLOSE TO 50% FIB RETRACEMENT!
On the weekly chart, NSE index is now close to a major support at 34900 which incidentally is at Fib 50% retracement level. I expect some reaction at this price level, as it has acted previously as a good resistance in late 2014 and early 2015.

But if the index zoomed below this level, the targets then goes to either 61.8% or better still 78.6% level. 78.6% fib level is the sweet spot and any price rejection at this point should be taken seriously because many stocks will also come with good rally.

Time is the key in this market. Will the tense political environment continue to drive the market lower or global uncertainty will have ripple effect on NSE? Only time will tell. But there is no need to be afraid, market is creating more opportunity for many to make money, we only need to be patient and enter the market at the right time...

For your read: https://financialtribune.com/articles/world-economy/91604/world-gdp-growth-slowing


PLAN YOUR TRADES AND TRADE YOUR PLANS

Agbalowomeri:
@fuxer; that banking index looks scary if it drops from it's present support
GTB is very key

Agbalowomeri:
Lol

jamace:
Every wrong call here should make us better and not bitter.

Happy weekend, bnsitl.

Agbalowomeri:
Leggover
Warming up for 32k

Lol hope I haven't become a charlatan like Chibubear

Agbalowomeri:
Leggover
Warming up for 32k

Lol hope I haven't become a charlatan like Chibubear

Godisfaithful:
Babe, our cash is ready for 'call of duty' at the appropriate time

pluto09:
Nice one and well done sir.

You have been very helpful to me in learning this TA, I still get confused most time when trying to interpret the data.

How is your crypto trading

TLAX:
Article for the times

http://awealthofcommonsense.com/2017/06/bulls-bears-charlatans/

Agbalowomeri:
@fuxer

Me think the opportunity for a bounce may have disappeared in this August; that gives room for a stronger Q3 bounce. I suspect 35 might be breached in Sept. before the bounce. Then comes the autopilot

Godlylifeoneart:
https://www.forexlive.com/news/!/george-soros-says-we-may-be-heading-for-another-major-financial-crisis-20180529

yok:
MSCI- NIGERIA MOVEMENT FOR 9 AUG 2018/GENERAL COMMENT

MSCI-Nigeria maintained a clean slate for 9th August 2018, [/b]the fund is still in “safe mode”.

Now it seems the [b]more Indigenous market participants have joined the “safe mode”. The volume in the market as it is currently is on the lower side. Expect the downward slide to continue, although at a slower rate (no people in the market to push prices, but the day our MSCI friends sell expect good movement to the downside).

Personally, I am still staying on the sideline, some equities are now at extreme low prices, but lack of buyer is their bane, thus they may fall further (just like Oil producer and world market price, if cost of production in Nigeria is NGN50 and world price of oil is NGN40, oil companies will make losses). If fundamental is good no buyer, the seller needs money price must fall, no story.

But once the all share index is in the middle/lower 35,000 there may be a small bounce. Let us fold our arms and see.


Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.
Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may

OBAGADAFFI:
Thanks

This is relieving

Jejebabaa:
I am completely out of Zenith with severe haircut of 11.54% Loss. I can't argue with Mr Market. If this good results can't move the market. Let me join the mattress gang till December. Market goes no where.