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Investment › Re: Treasury Bills In Nigeria by ositadiima1: 1:16pm On Jan 23, 2021

TransAtlanticEx:
Which one?

Iogobenz:
missjekyll no go answer you na,she dey crush on ahib and you've bruised her expectations with the exposee on ahib.
Missjekyll,you come naija for xmas?
I go like know ooo
I hear say you tall wella and your waist no be here

Investment › Re: Treasury Bills In Nigeria by ositadiima1: 1:06pm On Jan 23, 2021

Lazyyouth4u:
I have successfully chased who away? From where? Nairaland treasury Bill thread? I carry gun chase people? Like seriously I am surprised that this kind nonesense can be coming from you. At your age, you still dey talk like a child. Oga, grow up please.

See person accusing me of talking like a child, what about all the childish squabbles between u and some other guys u have been having here nko?

Investment › Re: Treasury Bills In Nigeria by ositadiima1: 12:06pm On Jan 23, 2021

Lazyyouth4u:
Nobody can arrest you for posting ‘pointers for those interested in laundering money’ on an online forum that is full of many idle youths?? I don’t know what to say to you. Let me just leave you to believe you actually posted something smart up there.

You seriously believe you are being intelligent by saying actual money laundering goes beyond what Nigerian criminals are doing and that anything below 1 billion Naira is a waste of time? How many yahoo boys, drug boys, kidnappers, armed robbers are doing 1 billion per transaction? You think EFCC and AML authorities in other countries are stupid when they are snooping banks for people randomly depositing over 10k dollars? Abi you think say na only politicians dey launder money? I give up.

Na u dem go first arrest for defaming the good name of our honourable politicians. tongue

You have successfully chased away good people on this thread, see how d whole place scanty like grave yard. I hope u are pleased with ur self.

5 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 10:29am On Jan 22, 2021

DrAwo:
I like your line of thoughts...
I just want to sound a word of caution with this coy.

Before you make assumptions on the projected dividend they'll pay this year, I'll advice you look at their dividend history alongside their EPS for each year. This company is known to withold dividends in years when they have hit a rough patch... They have hit a rough patch in 2020 just as you have noted...

If you are buying, buy for the long term. If you are buying for dividends, this coy might shock you...

Happy investing...

You have a valid point, but so is the run we experienced in the insurance sector;

1. LINKASSURE has made over 80% and the last time they paid dividends in the last 6 years was 2018 (5 kobo)
2. ROYALEX has made over 70% and paid dividends two times in the last 6 years. 2014 (5 kobo) and 2015 (2 kobo)
3. NIGERINS has made over 50% and paid dividends tree times in the last 6 years. 2014 (8 kobo), 2015 (4 kobo), 2016(4 kobo)

Dividend wise CAVERTON has maintained above 6% in the last 3 years and above 10% in the last 2 years.

But again it is possible I am not seeing the whole picture sha.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 4:19pm On Jan 21, 2021

PuristForest:
Transcorp looks good long term...will take a small position now and wait for the retracement down the line to open good position....Not investment advise.. Technicals do fail...

Bro this ur chart is so complex o. Looks like eliott waves, did u use Fibonacci for the projections?

Nairaland General › Re: The Snake They Killed In Our Factory by ositadiima1: 2:15pm On Jan 21, 2021

hakeem4:
This is the snake some guys killed in our factory here.

N.B I couldn’t take more pictures because I came to the scene late. It was really a scary creature, never seen anything this humongous in my life before.

Those boys took the snake away, I don’t know what happened after

Funny guy, you don't know if it ended in a pot of stew afterwards, abi? grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 2:13pm On Jan 21, 2021

megawealth01:
Don't take Peter serious ooooooo... He has sold all his holdings since SEPTEMBER now looking seriously for bears... He should just chill... Bears will surely come but none knows when... Everyone should take caution... Newbies should stay off the market as I have always said... The bears will happen unexpected

I agree.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 1:59pm On Jan 21, 2021

safepaulooo:
Surprised you can't recognize his tone, Bro.

That's R d O

If u meant RabbidOracle you are wrong o, Rabbi discussions are beat more mature, he is probably in is 50s or 60s.

No offense @Megawealth, u sound more like a younger person.

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 1:50pm On Jan 21, 2021

PETERiCHY:
Yes TRANSCORPSE to rise but wil first consolidate at 50kobo junction.

TIMEFRAME is November 2021 that's 10mths from now.

By then the MARKET will be FILLED with lots of CHERRY PIES .

PATIENCE is KEY

BARGAIN HUNTERS sharpen your CUTLASSES!

We no dey fit know when you are serious o. cheesy

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 1:48pm On Jan 21, 2021

Mcy56:
Thanks for the compliment.

To manage money no be beans o, if them allocate 500 mil to 1 bil to you to manage u go no what to do? Penny stocks no go fit swallow am o. grin

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 11:56am On Jan 21, 2021

Mcy56:
I think this is your choice.
These stocks were mentioned at bargain junctions but you chose to buy higher.
We used to say it here severally that once the bus left and on high speed, there's no point pursuing it again....,

Also means you don't follow discussions here or, you don't ask questions on what you don't understand.

Neimeth was mentioned here at 30 something kobo, why entering high?
Mansard was debated severally here @ below N1 with forth and back calculations, I can remember vividly that Obagadaffi and I said it was good for pick at below N1.....Why jumped in at 1.52?
Transcorp: The first time I mentioned it was at 60kobo, the second time at 93-98kobo.

So you see that you just have to take responsibility for your high jumps....

You will make a good money manager o, in fact, you should float a fund managing business. I am sure some people in this forum will invest in ur index for a fee, I for one will.

Not every one has the acumen, stamina or patience to run this biz.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 11:32am On Jan 21, 2021

MANSARD that we made 50% from and now some people are complaining, this market nah luck o. shocked

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 6:06pm On Jan 20, 2021

CAVERTON was one of d fundamentally OK companies that refused to move through 2020, same with Vitafoam, vitafoam has moved, made 60 to 70%. I think it is Cavertons turn to move.

No, I don't have graphs or charts for this one, it is just my 6th sense talking to me.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 12:44pm On Jan 19, 2021*

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 12:44pm On Jan 18, 2021

ositadiima1:
MANSARD is doing 37% today from my entry. Will it cross our 50% mark? OR go burst from here. Time shall tell...

If I could be this lucky 1 to 2 times out of the 4 quarters every year, I for quit my day job nah.

Anyhoo, #systematic_trading_for_life

MANSARD is doing 58% today from my entry. Will it go burst from here. Time shall tell...

I sold half my stake on Friday. embarassed

It looks like the party is still on.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 11:54am On Jan 18, 2021

1 Like

Investment › Re: Treasury Bills In Nigeria by ositadiima1: 11:24am On Jan 18, 2021

Lazyyouth4u:
Pointers for those interested in laundering money. Really?

What did you intend to achieve by writing this senseless post? When EFCC starts running after you now, you go come dey blame village people and your family members.

And some yahoo boys, armed robbers and kidnappers dey dash you likes . Na wa o.

There is a big difference between knowing how something is done and actually doing it.

Investment › Re: Treasury Bills In Nigeria by ositadiima1: 12:49pm On Jan 17, 2021*

For those interested in laundering money here are some pointers. Note that I am not saying you should.

Money Laundering--The Dark Side of Cash

Money laundering, broadly, is an activity wherein cash is used as a vehicle to transform illegal profits into legitimate-appearing assets. There are three main steps in a money laundering process.

The first and the riskiest step is the placement, whereby illegal funds are introduced into the legal economy via fraudulent means, e.g., by dividing funds into small amounts and depositing them into multiple bank accounts there by avoiding detection.

The second step, layering, involves moving the money around between different accounts and even countries thereby creating complexity and separating the money from its source by several degrees.

The third step is integration, whereby money launderers get back the money via legitimate-looking sources, e.g., cash-intensive businesses such as bars and restaurants, car washes, hotels (at least in some countries), gambling establishments, parking garages, etc.

5 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 10:56am On Jan 17, 2021*

Despite that I was a laggard while in school, I still remember how d laws of motion were been forced into our innocent heads by our not so cool teacher. I chop plenty flogging in those days o. The evidence still there on my left butt chick. Do u want to see? grin

Anyhoo, the first law goes like this:

"Newton's first law states that every object will remain at rest or in uniform motion in a straight line unless compelled to change its state by the action of an external force."

It is funny how concepts from one domain can be brought into another.

The concept of momentum(inertia) works for stock prices same way it works for objects, at least in theory...

So, if a particular stock returns more than let's say 7% on Monday, Tuesday and Wednesday will I be wrong if I buy on Thursday morning and sell on Friday at 2pm or next Monday morning ?

Will I be more right than wrong, infact, will i be right enough times that i can be making some overall profit ?

Can adjusting these parameters improve things?

These troubling questions I intend to answer next with past data. Stay tuned as we hunt for that strategy that will change my life story. Not yours o, my life story cheesy

#sytematic_trader

Hey! Hey! Hey! Those who are about to diss me for plagiarism, just know that I don't claim to be d founder of this concept.
tongue

4 Likes

Health › Re: COVID-19 Update For January 16 2021 In Nigeria by ositadiima1: 7:34am On Jan 17, 2021

TeacherAnas:
The thing is now becoming competition every State Governor wants his state to top the lead.

These numbers are actually very low. Why you guys think they are fake suprises me.

108,000 confirmed cases out of 200,000,000 Nigerians.

The chances that you will meet any one who has been confirmed positive in your day to day activities is 108,000 ÷ 200,000,000 = 0.00054

You are more likely to predict 6 draws(at 3.5 odds) in a row than to meet any one person that is positive according to NCDC statistics.

Ok, now try and predict 6 draws in the premier league and see how hard it is.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 9:48am On Jan 16, 2021

Olaide1295:
Alright.
I also think it would lose money in 2018.
March-December last year is basically lowest to highest.

Anyways, can you share the NSE historical data on Kaggle, CSV or sql.
Make I test with Machine learning.

Download the NSE data from the link below, remember to remove the spaces . The longer data set runs from 2012 to around October 2020.

https : //drive . google . com/file/d/1-REWVQZJJ3T3XFi8m-AqIiICHP-BYnGh/view?usp=sharing

I also attached the RSI cumulative returns equity curve. In my last post got stuff mixed up, 2018 was also very bad, in fact the worst.

Would like to see the results from you machine learning if you don't mind bro.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 7:41am On Jan 16, 2021

ebuka1997:
Do you have a twitter account where you post some of these

yinkacrown:
You are adding great value to members of this forum.

I always look forward to your 'Systematic_Trader' posts.

Well done !

The RSI approach is a work in progress, not to be blindly followed o, I post it here so I can get constructive criticism.

Having said that, the strategy is very likely to work this year as it is.

It advised me to buy Zenith when it was 24 and hold for the next 90 days.

In the spirit of the thread's original purpose - Market Pick Alerts.

#systematic_trader

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 9:32pm On Jan 15, 2021

Olaide1295:
Alright.
I also think it would lose money in 2018.
March-December last year is basically lowest to highest.

Anyways, can you share the NSE historical data on Kaggle, CSV or sql.
Make I test with Machine learning.

It was exceptionally profitable between 2016 and 2018, especially 2018. 2019 drawdown was really steep. I will post the equity curve tomorrow. I am thinking about putting in some kind of filter like a moving average.

For NSE data, u can use investpy module to scrape any ticker of choice from investing*com. I assume you run the machine learning in python. You will also need to clean the data, there are a few errors in it.

I collected March 2020 to date my self from the morgan capital daily price list, this is more accurate. I will put it in google drive and share, tomorrow.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 5:17pm On Jan 15, 2021

Olaide1295:
Can you do this same analysis for 2019?

It lost money in 2019.

I think the strategy needs some tweaks.

I will post results tomorrow, I have been very busy today.

#systematic_trader

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 10:34am On Jan 15, 2021

ositadiima1:
MANSARD is doing 37% today from my entry. Will it cross our 50% mark? OR go burst from here. Time shall tell...

If I could be this lucky 1 to 2 times out of the 4 quarters every year, I for quit my day job nah.

Anyhoo, #systematic_trading_for_life

MANSARD is doing 49% today from my entry. Will it cross our 50% mark? OR go burst from here. Time shall tell...

The 1 mil I put into this has made 490k(probably 440k after charges)

I think I will sell today.

I know it is luck and not skill, never expected to return somuch in 10 days.

#systematic_trader

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 3:59pm On Jan 14, 2021

ositadiima1:
The RSI(Relative Strengh Index) developed by J. Wilder in the 1970's is a popular indicator. It is mostly used by trend followers, you know, the TA guys. Basically, it counts up days(days with +ve returns) and down days(days with -ve returns) plug them in an equation and compute a single number, this number gets updated every new day.

According to these guys when the indicator is at 70 or above, they claim that the stock is overbought and that a downwards reversal is eminent, likewise, when d indicator is 30 or below it is in the oversold region and an upward reversal is due.

Does this idea have a scientific basis? Does it really work? Well, for one, if it did work trading would be super easy nah, buy at 30 or below, sell at 70 or above, rinse, repeat and become a millionaire.

I suggest u stay tuned as I am going to test this hypothesis with our very own NSE data...

I am not going to go into the details regarding the equation that outputs the RSI values, it is quite well documented online. For u guys that like books you can check out 'New Concepts In Technical Trading Systems' by J. Wilder himself. In there you will find the RSI and other indicators developed by the author.

With a python script I was able to run a few tests and deciphered a few things.

The RSI possesses predictive powers, but, you have to dig deep to get to it.

I will not be posting detail results this time maybe later.

These set of parameters made ok returns in my back test:
1. I used the standard 14 day period to compute the RSI
2. Buy when RSI goes to 30 or below (Number 3 must be true for this to be true).
3. Buy only if the volume traded on the previous day was 20,000,000 or above (It doesn't matter what stock it is).
4. At least a 90 days holding period after stock purchase. You need huge discipline for this, their will be ups and downs.
5. Invest same amount on each trade i.e N500,000 or what ever. (Don't worry, trades matching this criteria will be very few)

Some results:
1. Stock data: March, 2020 to December, 2020
2. In total 20 trades: 18 winning trades and 2 losing trades.
3. Used 500,000 per trade
4. Total turnover was 10,000,000
5. Profit after trading fees 3,894,000

In fact, I will be adopting this strategy after a few more tests grin

#systematic_trader

5 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 12:22pm On Jan 14, 2021

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 11:27am On Jan 14, 2021

yinkacrown:
The Share reconstruction process is not yet complete. The issue of bonus shares and consolidation thereafter is next.

I suggest you close your profit before the next process take hold because that will surely impact the price.

If I hold will I benefit from the share reconstruction as I bought them on 5th January?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 11:24am On Jan 14, 2021

ojesymsym:
This your new passion, you really serious for the matter.
Abeg anytime u do analysis and wan buy.. just leave message like I intend buy "xyz" that way nobody fit accuse you of advising them wrongly, also, so that those of us wen sabi copy during exam go just blindly copy you at our own risk.
Same way, when u wan sell, still leave message like. I intend to sell my xyz sales today.
U understand wertin I mean na abi?

No Problema

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 11:20am On Jan 14, 2021

ositadiima1:
MANSARD is doing 25% today from my entry. Will it cross our 50% mark? OR go burst from here. Time shall tell...

MANSARD is doing 37% today from my entry. Will it cross our 50% mark? OR go burst from here. Time shall tell...

If I could be this lucky 1 to 2 times out of the 4 quarters every year, I for quit my day job nah.

Anyhoo, #systematic_trading_for_life wink

4 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadiima1: 6:36am On Jan 14, 2021

The RSI(Relative Strengh Index) developed by J. Wilder in the 1970's is a popular indicator. It is mostly used by trend followers, you know, the TA guys. Basically, it counts up days(days with +ve returns) and down days(days with -ve returns) plug them in an equation and compute a single number, this number gets updated every new day.

According to these guys when the indicator is at 70 or above, they claim that the stock is overbought and that a downwards reversal is eminent, likewise, when d indicator is 30 or below it is in the oversold region and an upward reversal is due.

Does this idea have a scientific basis? Does it really work? Well, for one, if it did work trading would be super easy nah, buy at 30 or below, sell at 70 or above, rinse, repeat and become a millionaire. grin

I suggest u stay tuned as I am going to test this hypothesis with our very own NSE data...

7 Likes

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