₦airaland Forum

Question for those who know:

Is it possible to activate an American CDMA phone (e.g. HTC Evo) on a network like Visafone CDMA if you have the MSL?

midastouch:
Its no secret that Apple is the one developing/maintaining the browser engine of choice (Webkit) for modern smartphones like Android and Palm/HP.

Wrong sir. Apple did not invent WebKit -- WebKit was derived from the KHTML engine used by Qt/KDE (Which up until recently was owned by Nokia). Apple branded it "WebKit", but it has always been an open source project, and is currently maintained by contributors from many companies including Google, Samsung and Nokia.

The question of "best browser" is subjective.

If you want the best full web browsing experience, then you probably want to get the most powerful Android phone your money can buy with Adobe Flash installed (Samsung Galaxy S II, HTC Sensation, LG Optimus 2X).

If screen quality is your concern -- you want the it to look beautiful and not wash out in the sunlight, then you want to get one of the Samsung phones with S-AMOLED screens (Galaxy S II, Google Nexus S etc).

If you like the UI Apple products and you don't care about not having Flash capability, get an iPhone 4.

If you're more concerned about your budget (price of the phone, mobile 3G costs), then get a slightly older phone (HTC Desire/Desire HD for example) and install the Opera browser.

One more note -- there are several browser choices on Android that give you a range of options between power features and speed - Dolphin HD, Dolphin Mini, Miren, xScope, Opera Mini, Firefox etc. in addition to the native browser. If you get an Android phone, you'll want to take time to try out the different browser options and see which one works best for you.

Shouldn't Ajimobi be able to countersue for reckless endangerment or something here -- by publishing his social security number in the media, they have irresponsibly exposed him to financial damage. I hope he at least has LifeLock or something because identity thieves are going to be all over that (a Nigerian politician's SSN? Easy money!).

Who are these PDP idiots who didn't even bother to do basic research to figure out that having an SSN has absolutely nothing to do with US citizenship? You don't even need a green card to get one (unless things have changed these days). *sigh*

Ribadu did much better this time around, but he still fails to convince me that he isn't in over his head. The only person who seemed to have a clue about how to actually implement policy was Shekarau. And despite his intelligence, I just can't trust him, especially with his questionable human rights record.

There is no messiah. We'll just have to decide what we can't afford to live with. Buhari still seems to be the man for the job, even despite his no-show here.

Shekarau is wiping the floor with these guys. It's not even fair.

Momodu is hilarious. I can't take him seriously as a candidate, but he's hilarious.

I'd say UBN does seem to be showing signs of bottoming, but I'd wait until the price is at least $18 before buying. $25 does seem to be the ideal target price.

LOL.

Investments involve RISK. I guess you did not read the fine print when you bought the fund. You assumed that it could only go up.

You can cry from now till kingdom come, your money isn't going to come back. The IBTC funds are correlated to market performance, and the Nigerian market has lost nearly 48% year to date. You should be thankful you only lost 65k.

Nigerians amuse me. Whenever they lose money, it must be because somebody is trying to play 419.

Well, they finally came to their senses and realized what was blatantly obvious to anyone with half an economic brain months ago: the 1% circuit breaker was absolute horse crap, and was merely suffocating the market, prolonging the bear trend and decimating volume.

Oh look, a bounce.

Now the retards over at the Punch newspaper are claiming it's rallying because of Obama.

It's because the market was finally allowed to find a support level, dumbasses. Hooray for (relatively) free markets once again.


Now they need to get down to business and start doing what they really need to do to stimulate this capital market: banish individual stock circuit breakers completely (even this 5% business is horse crap), and replace them with index-based circuit breakers to arrest massive impulse moves. It's OK if a single stock goes to hell if the company itself craps out. That's the beauty of a free market. What you should be concerned is if the entire market goes to hell at once.

Then once they've figured out how to properly use circuit breakers, they can start focusing on moving the market out of the 18th century, installing modern ECNs and deploying financial instruments that can help facilitate price discovery and improve capitalization through derivatives. At the very least, give us short selling and options.

It cuts both ways, people.

The rumor of Yar'adua's death was a national security issue. The government had to react as such. Channels TV has itself to blame for going on air with a news item like that without corroborating its source. Even though they have their license back now, they have suffered irreparable damage to their credibility.

The government did the wrong thing, too. You destroy your credibility as a nascent democracy when you resort to dictatorial methods to counteract bad propaganda.

All they needed to do was conduct an SSS investigation into who was responsible for the news and then prosecute them using some law related to treason or national security or whatever. That's what everyone else does.

23% drop in volume on Wednesday. Hate to say I told you so, but I told you so,

Market is full of toxic dead weight now. Everything is overinflated in value and people don't want to buy anymore.

Why would CBN inject money into the market? Nigeria doesn't have a liquidity crisis. All we have is a good old fashioned stock bubble that's trying to burst but our government won't let it. Haven't seen anything on recent inflation data, but last I checked we were still trying to bring down inflation. What we need is proper regulation, not more liquidity.

debenzd: If that's true then that's good news. It's bad news for some in that prices will drop precipitously once the floor is lowered, but the good news is that at least now we don't have to wait for months while the market stalls and the cancer begins to creep into the real economy.

Woohoo, a penny stock thread.

Risk management be damned! 1000% returns today!

[quote="husu"]I thought representatives from the debt management office were at the meeting.CBN can put something in place to checkmate this.Banks are stylishly killing the NSE.[/quote]The banks are still over-leveraged. They have no choice. This is what happened when you don't have competent regulators. When IBTC and co. were running up and down giving people 80% margin on equity investment accounts, our regulators were too stupid to realize that this was not going to be sustainable and that the bubble would eventually burst, just like every other bubble in history has. I still remember speaking to an IBTC branch manager in Abuja who was asking us to open an account with N5 million and receive N20 million in margin. As long as everything was going up all was groovy -- investors were making money and banks were making a killing off margin rates. Problem is when the crap hit the fan and losses started to mount, banks started to realize that they were overexposed and had to start making margin calls. They have to continue to liquidate margin accounts or at some point their capital base won't be able to support their bad debt exposure, and before you know it we'll be looking at our own mini Bear Stearns Naija style. Our regulators are too stupid to see this. I hope they don't do something even more idiotic and start forcing banks to keep margin lines of credit open -- they've already done enough to cripple the market as it is. Such a move could be catastrophic for a financial system that was just starting to really find its stride.

There is nowhere in the world where you'll find an investment bank offering you 80% margin. Nowhere. You wonder why things have been so bad lately? There you go. It is the height of fiscal irresponsibility. And they think they can solve the problem by setting a 1% price floor and begging banks to extend margin credit lines. Stupid, stupid, stupid.

You meant to say Bull market rally bounce . . . didn't you?

No, I meant what I wrote. This type of bounce is very common in bear markets. Some people call it a "suckers' rally". For a short time prices start to rise and everyone starts to think that the trouble is all over, but the real big money never commits and volume starts to decrease as price increases, causing a wedge formation. At some point the resistance point is met and when the test of resistance fails, the market drops like a rock and seeks out a new low. Sometimes a secondary rally even forms after the first drop but it is followed by an even steeper drop. The same thing happened in the US between April and May. When June arrived and people finally caught up with the reality that the financial crisis wasn't anywhere close to being resolved, that's when the bloodletting really started.

Now our problem is that the drop is starting to happen, except that now thanks to our genius regulators we have a situation where a fake rally was created on stocks that were already overbought to begin with, and now what you have is a bunch of even more dead weight that nobody wants to pay for but we have to wait for weeks, months, who knows how long while the thing slowly deflates. Woohoo for 1% price floors.

Sorry if I sound like a prophet of doom, not my intention. I can't encourage panic selling -- I'm only one small fish in the ocean, and everyone is free to make their own decisions. I just say what I see. You just can't wake up one day and think because you're the government you can rewrite the basic laws of economics. In the end it is the investors and the people that suffer. I said they should've allowed the market to drop and find its bottom and then recover. There are still underlying fundamentals -- strong GDP growth, outstanding profits and enough cash flow to preserve the long-term uptrend. We just have to face the reality that the season of irrational exuberance is over and things have to come down to earth for now. It's a shame that governments of developing nations have this habit of shooting themselves in the foot whenever they see adversity. The Pakistanis just did a similarly stupid thing (in fact their own retarded solution was to stop price decreases completely -- imagine), and the Indians decided to ban commodity futures trading to try and curb inflation. All these actions are like gouging out your own eye because something entered it. Not the smart thing to do.

Bear market rally bounce meets resistance, and is rejected.

Here we go, now the market is starting to fill up with dead weight. More and more sellers but no buyers. Now we get to see this market die a long, slow and PAINFUL death. There will be no relief for a long time, unless the retarded price floor is removed.

I told you people this 1% thing was a very STUPID idea. These regulators are morons. If you are still holding on to your stocks, you are on your own. Don't say I didn't warn you.

Almost 8% appreciation in one week.

Chei. This is going to get ugly. When the crap hits the fan and all of a sudden everyone wants to sell but nobody wants to buy, don't say you didn't know.

rasputin, I definitely understand your sentiment. Long term investors who bought before the big speculative rally started can stay long and wait for things to get back to normal. Unfortunately we have to wait longer now with these incredibly idiotic regulations setting price floors.

Here's where the problem is. The stocks are overvalued to begin with. When you set a price floor, you create a supply squeeze. Now everybody thinks that the market is saved and starts putting out buy orders. Prices run up. At some point the market reaches resistance. Now fundamentals are catching up with the market, and people start to realize that they are holding worthless paper. Then the panic begins. They want to sell, but nobody wants to buy at that price. Because of the price floor, volume drops precipitously. Then you have a bunch of investors stuck with overvalued paper that they can't unload, and their capital is tied up.

Worse still, the government claims to be opening up rules for companies to buy back stock. But it is not going to be worth it for companies to buy back their stock at overinflated market prices. They're shooting themselves in the foot.

All this is going to do is slow what was once a burgeoning, bustling market to a crawl. They have given the NSE a nasty poison pill. It's unfortunate.

This is a stupid decision by the regulators. They should have allowed the market to find its bottom and recover, just like every other free market in the world has done.

@husu: I'm not even in Naija to see what's going on and my predictions are already coming to pass.

I'm telling you, sell into the rally while you can, before things start to turn ugly, like a slow moving train wreck.

This rally cannot be sustained by volume. There is an artificial supply squeeze. It will taper off and then the wedge will break.

Bear market bounce is in full effect.

Buy buy buy! Then you'll see volume decrease gradually as the facts start to catch up with hysteria. Most likely the wedge will form, and then at some point support will fail as people start to take their profits and exit the market.

Then the blood will really start flowing in the streets.

Don't say I didn't warn you.

Enjoy the ride while it lasts. Because it won't last for long.

Wait until the NSE reaches 39,000. If it reaches that and then begins a real uptrend, then you can say the crash is over.

Until then, anything you see is a worthless bounce, a suckers' rally.

Yep ,  typical thinking. 1% price floor, we are saved! Unleash the bulls!

It's simple economics, people. It's not that hard. Supply and demand.

It is the same everywhere in the world. Bear markets are marked by volatility. This is nothing more than a short term bounce. There is no volume behind it. Prices rallied not because demand increased, but because supply decreased. The government created an artificial supply squeeze by setting a floor on prices. You are looking at empty value. Smart investors will take advantage of the rally bounce and sell to clueless buyers who think the bulls are back.

All the regulators have done is prolong the inevitable. This market cannot truly recover until the bottom has been found. We are not anywhere near a bottom yet. The sooner we get to the bottom, the better for everyone,  before frustrated investors start putting out hits on their brokers. Hopefully that bottom will manifest itself when the ASI finally reaches 39,000. There are still enough good underlying fundamentals in the economy that the market can find the support it needs there, in my opinion. Price floors and ceilings are not going to solve the problem. Allowing share buybacks is a good thing, but what is more important is doing proper regulation like imposing proper limits on margin lending and opening up the secondary market. The market needs to be facilitated with proper ECNs and disposal of all these 19th century paper certificates. Then they need to create true opportunities for the market to expand by allowing the creation and trading of derivatives, options and futures.

That's how you make an emerging market grow. Price floors and ceilings are killing this market. But alas, our rulers are too stupid to fathom this.


[img]http://ws15.standardbank.co.za/gmr2/publishedGraphRetriever?id=CFFACC27-8770-466C-A295-62420FA63BF7&number=0[/img]

It is our "olodo" regulators that are making the market bounce.

Now we are going to have to wait for a painfully long time until the market either finds a bottom or these retarded rules are lifted.

Price floors. Did these people even pay attention in their undergraduate economics class? Price floors don't work. They only delay the inevitable.

Those of you still holding bank stocks, better sell into the rally while you still can.

https://i195.photobucket.com/albums/z149/deshields538/picard-no-facepalm.jpg

Please tell me our regulators don't actually believe that setting a 1% floor on price movements is going to save this stock market.

These people are morons. You are only prolonging the problem and making it worse. Remove the stupid price caps and let the thing crash! Until this market finds a bottom there will be no recovery. All you are doing is delaying the wahala , the decline will continue until the market bottoms. Worse still, people will be trying to sell but won't be able to find buyers, creating lots of empty value. Then all you will see is volume decline until the market is nearly dead.

MORONS!

Remove these stupid price caps. This is retarded. What are we, a communist country?

And the fallout from the stock market crash begins.

I hate to say it, but the worst is yet to come here, I feel sorry for people who are still depending on dividend income. Soludo and his friends had better start thinking about how they're going to solve the impending liquidity crisis in Nigeria's banking sector.

[quote="4 Play"]At worst,she is guilty of indulging in an extravagant and ill-advised folly but she is in no way guilty of any crime.[/quote]Oh I agree. It would be a crime for Obama to receive the money, not for her to raise it -- she is not under US jurisdiction to begin with. I don't see what is necessarily criminal about her act either -- all she has done is embarrass herself and the country, and expose herself as being completely detached from the world the rest of us live in. She needs to be fired and replaced with someone with proper credentials who has what it takes to move Nigeria's financial markets to the next level. This is such a disgrace.

[quote="morpheus24"]Tell Fashola to do what ever it is in his power to protect out lives and property by providing adequate security for the citizens of lagos state then maybe some of the professionals will come back. I know this is what most people fear the most.

How can you revert back to a society where as soons as it is 7pm you will be locking your self up in the house till day break[/quote]THIS.

It's hard for me to be excited about returning when I go home on vacation and I can't even go to the mall without being caught in the mayhem of a daylight armed robbery. It is ridiculous.

The incredible stupidity displayed before the world by this woman boggles the mind.

Let's look at the facts here.  It is illegal under US law for a campaign candidate to receive donations from foreigners. It is illegal, period. There isn't even a "maximum limit".

Even if it were legal, where are her priorities? The Nigerian stock market is crashing. It has been in free fall for months, and it just began yet another precipitous drop that will most likely see another 20% or more of shareholders' funds wiped out. How about attending to that little situation you have there, Madam Stock Exchange? Your precious banks, the backbone of your fledgling private sector, are losing equity faster than a water-filled basket. The growth of the economy is in danger of being cut short by speculators and the effects of a global recession. Your precious stock exchange is one of the most primitive ones in the world, lacking even a proper modern ECN to allow real time trading. People are still holding on to paper like it's the 1800s. The so-called "secondary market" is a joke, and there are no modern instruments and derivatives.

Millions and millions of Nigerians still live below the poverty line. You've got problems in the Niger delta threatening oil production. And lots of other problems to many to count.

Somehow, in the midst of all this, Madam Stock Exchange seemed to think doing a $1 million fundraiser for another country's presidential campaign was the smartest thing to do.

What has she done? Under her watch, and largely a result of her amazing ineptitude, our fledgling market was invaded by foreign speculators, who have done nothing but manipulate and run up stock prices for their own profit, and now those speculators are exiting en masse in the face of global recessionary fears, taking our money with them. The exchange remains a stone age institution, and the financial regulations,  er wait, are there are actually regulations? Unless, of course, you want to tell me that putting a 5% cap on daily price moves amounts to proper regulation (hurray for the growth of a free market).

This woman is a disgrace to Nigeria.

If you haven't dumped your bank stocks, I don't know what you're still smoking.

The massacre is only just beginning, people.

Here's some good advice: stick your money in a money market account or high yield savings and wait until the markets start showing real signs of recovery before investing it.

Otherwise, the bears will eat your lunch and send you home crying to mama before you know what hit you. If I were you I wouldn't stick my nose in any investments until next year at the least. Nigeria or elsewhere.

[quote="ayoappeal"]Fellow Nairalanders,

Thanks for your contributions[b], in[/b] as much as this topic has attracted several criticism, i would say that the typographical errors are probably [O RLY?] delibrate in my last post because i felt some contributors are deviating from the topic and since we have alot of grammatical gurus, i felt coming up with another grammatical error would distract us back to the main topic.

I really don't know why it's the guys that have contributed more rather than the ladies that the topic is ment for[b],[/b] well for the who are till dizzing me, keep it up and lets still keep this post active.

@tpia
Thanks for your response[b],[/b] i think you got the gist behind the post



t[/b]he [b]truely handicapped are those who measure beauty by the sole prerequisite of physical perfection

You can get to read some other topics that i have posted on Nairaland, so don't judge me by this post alone.



Look our for more posts from me[/quote]https://www.thesimpsonsquotes.com/images/ralph_nose.gif

"ME FAIL ENGLISH? THAT'S UNPOSSIBLE!"

[quote="dee02"]Stupid love stories

Lack of a coherent storyline

Un-necessary prolonging of a short story i.e. part 1, part 2, part 3

Imcompetent producers, actors and actresses

Indecent dressing

Poor endings to movies

Bad sound quality

Poor english and editing

Plagiarism

Usage of camcorder and camera phone to shoot movies

Consistent usage of the same set of cast and crew without checking suitability,

High turnover of crap movies

Excessive market influx of poor quality movies

Lack of common sense


{ok i need to go to bed!}[/quote]THIS. Also, apparently the concept of "director" doesn't seem to actually exist in Nollywood. And scenes that should last 15 seconds at most end up lasting 15 minutes. Gah.