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Ositadima1's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 12:59pm On Jun 06, 2020
unangidot:
Your analysis is great.. let be sincere to ourseves. there are more fundamental than technical in NSE... use ur brain! Technical has nothing to do with bad debt that fcmb they will incurred this year... This year alot of financial institutions will have a massive drop in PAT due to this pendemic..
My brother leave this technical It wouldn't work in this dead Nigeria economy
Hmmm.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m):
As for FBNH, the current pattern looks like an ABC (not sure if it is a zigzag or flat but definitely not a triangle) . Ok, so I overlapped the Fibonacci for the Internal retracement (0.382, 0.5, 0.618, 0.786), External retracement (1.272, 1.618, 2.618) and 3 point projection (0.618, 1, 1.618).

I found this price zones as high probability targets for wave C

Zone 1 : 8.46 to 9.12 (about 56% gain from current price)
OR
Zone 2 : 9.74 to 10.28(about 80% gain from current price)

Mind you, this values will take about 4 to 5 months to attain. Very possible gamble for midterm players.

Again do ur DD i may be very wrong.

Note, after point C a major price reversal usually occurs.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:33am On Jun 06, 2020
Still on FCMB matter, will history repeat itself?

Also, I cant remove those annoying S, D and P symbols for split and dividend. Any Ideas?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 7:35pm On Jun 05, 2020
L
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 4:58pm On Jun 05, 2020
onegentleguy:
I would've loved to dymisify things a bit more. ...except for the fact that I'd rather not do it for someone like u.
...and pls, I'd prefer if this matter is put to rest. I do not expect u to reply to this post.

Do take care.
More like unscramble.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 4:37pm On Jun 05, 2020
onegentleguy:
U should be sorry for urself my dear !!
I don't know why some of u would put out ur manners in dealing with others.
Is that how u behave, or is it because its a faceless forum?
I agree, my problem is that I lack tact. Read your answer again and see if you can make sense of it, I did not. I thought you did dat on purpose to brush me off. I apologize, hope we are good.


onegentleguy:
It's just an exit method that follows a certain pattern but obeys ur investing strategy and goal.
Depending on the asset entry price, ur target return and projected FVE, the laid out parttern might differ for different assets.
It could be XYZ, XZY, YXZ, YZX, ZXY or ZYX.(assuming an exit parttern of xyz factorial)
...where the alphabets X, Y and Z in % could be any positive No, while their summation is 100%.
Ur exit parttern can also be wxyz factorial or vwxyz factorial... up to n factorial.(where n can be any No of alphabet)
The factorial representation simply connotes the weight(in vol) and No of times u follow through with ur exit strategy.
Like I said; A lot will depend on the part in bold.(u need to link the 3 factors highlighted there)

A different but somewhat similar strategy can also be implored with target entries.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 4:13pm On Jun 05, 2020
onegentleguy:
The difference between making the uncanny statement(1st part in bold) and going ahead to ask a question(2nd in bold) is called A LACK OF MANNER OF APPROACH.
U don't make such conclusive statements and follow it up with a question. ...the fact that both coexist together is what actually makes NO sense. Infact, damn silly and absurd !!
...and so there's absolutely no need for any further explanatory revert. smiley wink cheesy

Pls forgive my previous post and ignore it- ok !!

Next time, learn to use a simple statement like; Sorry I still don't quite follow, could u be kind enough to shed more light on it?
...that's a more reasonable way to ask a question !!
Lol, sorry na.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 3:47pm On Jun 05, 2020
onegentleguy:
It's just an exit method that follows a certain pattern but obeys ur investing strategy and goal.
Depending on the asset entry price, ur target return and projected FVE, the laid out parttern might differ for different assets.
It could be XYZ, XZY, YXZ, YZX, ZXY or ZYX.(assuming an exit parttern of xyz factorial)
...where the alphabets X, Y and Z in % could be any positive No, while their summation is 100%.
Ur exit parttern can also be wxyz factorial or vwxyz factorial... up to n factorial.(where n can be any No of alphabet)
The factorial representation simply connotes the weight(in vol) and No of times u follow through with ur exit strategy.
Like I said; A lot will depend on the part in bold.(U need to link the 3 factors highlighted there)

A different but somewhat similar strategy can also be implored with target entries.
You didn't explain this very well, I have a background in math and probability theory, and this makes no sense. Why factorial ( n! ) ? Pls, what is d name of this strategy?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 3:06pm On Jun 05, 2020
onegentleguy:
What? ...did anyone say that I am the same person as Mr Ese?
Not sure I read about that but if indeed there was any such claim, then its really very funny.
...maybe the assertion was made by a comedian. grin grin grin

Regards
I just got this book "The little book that beats the market" by Joel Greenblatt. I read here you favour the strategy described in it, I will try and read it this weekend.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 2:58pm On Jun 05, 2020
onegentleguy:
I guess by this, u mean target exit price.
Well, that will depend on ur investment personality, time horizon and goals.

Disclosure: Exited a certain proportion of my holding today following up a mapped out strategy.

#404020

It is well.
#404020 is this ur financial allocation formula? Can u expanciate?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 1:23pm On Jun 05, 2020
Charlesniper and OGG are not the same person, I just wanted to set the record straight.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:48am On Jun 05, 2020
4shizzle:
Good morning
Please what is Dangsugar qualification date and proposed dividend.
Thanks
https://nairametrics.com/2020/06/04/list-of-dividends-announced-in-the-nigerian-stock-exchange-in-2020-june/
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:12am On Jun 05, 2020
Mcy56:
I can remember this post made in response to someone here on March 28.
Nestle sold down to 650 or thereabout around that time.
2weeks gone with Nestle on full bid even at over N1000, no one is willing to sell.
Prof and few other ogas here doubted this, maybe because I'm not a guru or chartist.
Yes, I'm an ordinary student and a keyboard warrior. tongue
See u.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:10am On Jun 05, 2020
RabbiDoracle:
We will revisit this discussion when it is time.

Most people will pick a poisoned pawn during that time. It happened before and it will happen again.
I see ur point, that is why it is also a good idea to always go for good dividend paying stocks with decent fundamentals, so that if I get stuck I can always convert it to long term investment and be chopping dividends like Pa Ema.

It seems like I have it covered, lol.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:08am On Jun 05, 2020
GonFreecss1:
Onifa baba! Thank you.

Quick question boss, I don’t know if you are following the whole Dangote Refinery situation. Many people have argued for and against it, do you think it can have a positive impact on our economy, especially easing off that naira pressure? grin
Sir, ofcourse it will, even if he collects payments in dollar's most of it will find its way back in the economy, no be Nigerians go work there?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:04am On Jun 05, 2020
RabbiDoracle:
Sooner or later, you will understand there is a flaw with that strategy.

Because the strategy doesn't know the price peak.

Imagine price peaks and then starts to decline. Since you sold at the peak, you will be happy that it is coming down to the price you bough earlier. Unknown that you have helped someone offload his kaya.

The time you will learn it is not now. grin
Actually, with his strategy he can estimate where the peak will be, of course if he is using some form of TA.

For example, if you properly study the waves movement of a price action you should be able to get some sort of orientation. Most waves run in 5s if in a trend and 3s if in a correction. Ofcourse there is a lot more to this but these are d basics.

Let's not forget stoploss, a good TA should know beforehand where his projections would be invalidated, take minor loss and exit.

I think it is duable, especially if you are a cold emotionless punk who acts mechanically. wink cheesy cool
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m):
Since people are giving out free tips, let me give my own na.

Looking at FCMB daily time frame chart I am seeing an expanding diagonal developing from this years low at 1.47 . I think this current pullback will find support arround 1.7 to 1.73, which makes for good entry at the moment as I am expecting the next bus stop at 2.5 (about 43% uptick).

Do ur DD cos I may be very wrong o.


ositadima1:
I am patiently awaiting FBNH at 5, FCMB at 1.76, and possibly, GTB at 22.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 1:57pm On Jun 04, 2020
PETERiCHY:
Hope you have taking your profit on Zenithbk because it's heading back to N11. that's a whooping N6 discount.

SAVE THIS POST.

BARGAIN HUNTERS TAKE NOTE!
So, we should sell abi? Can you kindly tell me why it should head to N11? Can you back you assertion with sound FA? Is Zenith not making profits again? Are they in distress ? Is this just wishful thinking?

BARGAIN HUNTERS TAKE NOTE!
Investment › Re: Treasury Bills In Nigeria by ositadima1(m): 11:26am On Jun 04, 2020
ojesymsym:
I find that strange, perhaps the money is in the accessories.

If I were consulted to do a business analysis for it, I would have given it a poor mark.

Lots of people tend to only change their phones when their old phones are faulty, Typically, that is every 3 years. Of course there are people who buy when the latest phones are out but they are in the minority. Then there is the fact that there is a lot of competition.

I do find it strange even though I believe you, I can't understand the reason why this is so.
Let's make a quick and dirty calculation.

Assuming 1% of Nigerian population buy phones every month. (Very possible)

Every month, 1% of 200 million people (2 million).

Let's also assume an average profit of 4000 naira per phone sold.

Further, let's assume the average number of phone dealers per state to be 1000 retailers.

Then, 2m x 4000 ÷ (1000 x 36 states) = 220k (this is if sales where to be distributed equally)

An average phone dealer makes 220k (net profit) per month. Mind you some will make a lot less and some others will make a lot more.

The same concept is also valid for most consumer goods. You have to consider our huge population o.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 2:03pm On Jun 03, 2020
emmanuelewumi:
Ten percent is okay. A popular lawyer got a dividend of N70 million last week from Okomu Oil and paid withholding tax of N7 million.

If he earned N70 million as salary, he would have paid up to N15 million or more as PAYE
That Ogas holding is nothing less than half a billion in that stock. Howmany people on this thread are in the top 5% ?
Investment › Re: Treasury Bills In Nigeria by ositadima1(m): 4:55pm On Jun 02, 2020
freeman67:
Sorry my reply is coming late. Have been away from my phone since morning because I have been busy and also because the phone was giving me headache. Thank God you got an instant reply from emmasoft. Today is the last day of subscription as advertised. I believe you acted with the reply he gave you.
Yes sir, I was able to it.
Investment › Re: Treasury Bills In Nigeria by ositadima1(m): 9:26pm On Jun 01, 2020
freeman67:
There are lots of options there. They gave about 7 banks you can transfer, about 12 placement agents you can contact for enquiries on means of payment and 3 Financial Advisers' to the Sukuk 3.

Yes you can go to the bank and transfer of you do not do mobile/web transfer or if the amount you wish to transfer is more than what you can do on the internet.
Pls, can I still get this bond tomorrow that is d closing date? Any ideas?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 5:50pm On Jun 01, 2020
ukay2:
Target 1 million units ......that is the real deal.

Ask Prof and Peterichy
Pls I know you do bonds, I read ur posts on the other thread. Can you please clarify something for me.

It is about closure of this Sukuku bond, can I still get the bonds tomorrow beign the closing day?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:03pm On May 31, 2020
RabbiDoracle:
Yes.

My board placements had d5 pawn missing. Hence the poor judgment.

A missing d5 black pawn will lead to a strong white win.
Without D5 pawn black is so dead na
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 7:50pm On May 31, 2020
RichEstate:
Sir, experienced black player won't play anyhow. No matter how what the white rook does, the aim of the black is to execute these moves. Once the rooks, one rook will stand between the white king and the breakaway pawn. Checkmate might be delayed but surely it's Black's game.
I see it now, black wins regardless.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 7:46pm On May 31, 2020
RabbiDoracle:
Set your board and pieces and I play White. I have replied you with my move. King d3.

Reply me.
Black rook takes B4.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 7:44pm On May 31, 2020
RabbiDoracle:
No. If king secures d3.

If PC plays rook on e4 checks white King on e3. Then I move the king back to d2.

Then it PC plays black rook captures b4, I will still destroy black in a spectacular way with a sacrifice of my rook on 6th rank.

Remember there is a free white pawn on C file.

That is the queen in the making. Young queen Eliza! grin
Ok,

If white plays D3, black replies with rook take pawn on B4 with a threat to take pawn D4 and check white king in a very bad way.

So, after black rook take pawn on B4, white can play rook to F6 check, but black plays king to G5 threatening the now open rook.

I am afraid white doesn't have enough time.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 7:24pm On May 31, 2020
RabbiDoracle:
Exactly.

The game is for white.

But remember he can't use the white rook on d6 for long. The Rook on d6 has limited position to play and that is to f6. Once at f6, black king side-steps to g5 attacking that rook on f6.

But the first move to be made is for white king to secure e3 spot to prevent black king from entering there. Because if white rook on c6 checks black king, it can enter e3 and seek the protection of the black rook on e4. So to make the black king to run naked, white should block e3 space by playing Kd3. At d3, the white king has blocked the e3 spot, then threatening the black rook on e4 and the black pawn on e2. But prive must be paid. And that is the sacrifice of white pawn on b4.

Once this happens, white has the upper hand with the move you mentioned by bringinng out the rook on 6th rank to check black king.

The black king must dance naked! grin
You are correct, D3 needs to be guided by white. I now have a feeling that black wins no matter what.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:54pm On May 31, 2020
thebargainhunte:
I hope you know that it is only one step for that black pun to turn to a queen.The white rook is just there to prevent the black pun from moving to E1 and it was the reason I placed the white rook on E1.If you move the rook from E1 to F1 to check the king, the pun will kill it and changes to a queen.
Bro, Rook on C6 to F6. E1 rook will support C6 rook if black king is not positioned well why fleeing from the F file.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:00pm On May 31, 2020
thebargainhunte:
You are good. Maybe you didn't get the direction the white and black puns are moving. Green arrow shows the direction of the black puns, while the blue arrow shows the direction of white puns.
The black rook at row 1 is protected by the black pun at row 2. The black rook at row 5 will kill pun at row4 and then check the king when it kills pun at row2. It is just a checkmate in 5 to 6 moves. grin grin
Chai, na me u dey draw arrow for, lol.

If you know the effort I put in this game years back, the time spent studying strategy, playing tactics puzzles, following games from masters, YouTube.

I come realized say he no dey bring in money for d effort I was put in, except you they play at masters level, an to become a master no be here.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 5:42pm On May 31, 2020
leparj:
He said he was white.
That is true, CPU is black, he is white.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 5:40pm On May 31, 2020
thebargainhunte:
You are good. Maybe you didn't get the direction the white and black puns are moving. Green arrow shows the direction of the black puns, while the blue arrow shows the direction of white puns.
The black rook at row 1 is protected by the black pun at row 2. The black rook at row 5 will kill pun at row4 and then check the king when it kills pun at row2. It is just a checkmate in 5 to 6 moves. grin grin
It is like u are still learning the game, I have played this game for years, on PC, android and physically.

First, it is not black turn to play, you can see that black king just moved from file 7 to file 6 (g5 to f4).

Secondly, black rook on file 5 cannot kill pawn on file 4 without losing that rook, that pawn is protected by white king. That is why black needs to move that rook down to pursue king from that row 3, then after that the other rook will be able to take pawn on file 2.

But, because it is white to play, white would move white rook on file 6 and chase your black king from that file, if black plays anyhow, then the other white rook will be brought into play to finish off the game.

In short, white has a better chance here.

I can port this position to droidfish and play it out for you.

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