The funny thing about this bullish run is that some people will still lose money.
but let's enjoy as the ride continues.

UBA.....on the run

fxuser:


- a close above N1.00 will be great

- breaks N1.00 !

ukay2:
UBA.....on the run

banks on d run . . maybe pension fund managers de busy today !

slyopez:
BNSTL, what is pushing Eterna Oil price?

FG is doing what Niger Delta boys is asking for long time now .

Intendy:
The funny thing about this bullish run is that some people will still lose money.
but let's enjoy as the ride continues.

Keep talking, if i don't see OANDO 52 weeks...... this week i will change you with peterichy and you will be talking about dollar and TB .

fxuser:


banks on d run . . maybe pension fund managers de busy today !

People were caught up with the Bull , we had been used to bears for months

TOTAL going down..

This month usher-in a BULL market situation in NSE. Investor can now plan medium to long term while the short term traders continue to strive as well...

lancee:



People were caught up with the Bull , we had been used to bears for months

Just dey vex, see bull run after exiting my key position

See GTB breaking 27.50 ...Zenith that i wail ontop breaking 16 without hassle whey be like mirage for pre dividend season.

God dey, we wait patiently for pull backs

ihedioramma:
Keep talking, if i don't see OANDO 52 weeks...... this week i will change you with peterichy and you will be talking about dollar and TB .

Progress in currency liberalization has always happened when Buhari was away.

Now he is away and people are are anticipating that the system has been loosed from its strong moorings (shackles).

Lets all stay put. We may have an Egypt loading. I'm disappointed mainly because the lower the index stays the better for me so that I can load more before the eventual devaluation. But all the same, lets enjoy the ride.

A pullback may happen if the foreign investors are not Ok with the floatation.

But see below what happened in Egypt and judge for your self whether it is not worth it playing this MMM.

Don't come here to say you JOed and missed out.

Egypt

1st Nov. 2016: EGX 30: 8,448
3rd Nov. 2016: Egypt devalues/floats currency
13th Nov. 2016: EGX 30: 10,917
30th Nov. 2016: EGX 30: 11,453
Current EGX 30: 12,934

Being in the market 2 weeks after devaluation/ floatation is key.

This is going to happen here in naija and is going to be the most important event this year.

Good afternoon house. I have 2200 worth of units of shares managed by Mainstreet bank with universal insurance as trading partner for about 10 years now. Started with 20k 10 years ago. I want to confirm how much that is worth in naira as I have never receive any dividend on it. Thank you

Well if your facts are to go by, can you pls paint a scenario in a lay man's language of whatever or anything that will happen to stocks should the devaluation happen.

austinkenneth:
Progress in currency liberalization has always happened when Buhari was away.

Now he is away and people are are anticipating that the system has been loosed from its strong moorings (shackles).

Lets all stay put. We may have an Egypt loading. I'm disappointed mainly because the lower the index stays the better for me so that I can load more before the eventual devaluation. But all the same, lets enjoy the ride.

A pullback may happen if the foreign investors are not Ok with the floatation.

But see below what happened in Egypt and judge for your self whether it is not worth it playing this MMM.

Don't come here to say you JOed and missed out.

Egypt

1st Nov. 2016: EGX 30: 8,448
3rd Nov. 2016: Egypt devalues/floats currency
13th Nov. 2016: EGX 30: 10,917
30th Nov. 2016: EGX 30: 11,453
Current EGX 30: 12,934

Being in the market 2 weeks after devaluation/ floatation is key.

This is going to happen here in naija and is going to be the most important event this year.

In a bull market everyone is a winner but my advice is this:::Dont buy because every stock is moving but buy stocks that has good fundamentals so that when the bears resurface,the fundamental stocks become defensive stocks while others will fall YAKATA.

locodemy:
In a bull market everyone is a winner but my advice is this:::Dont buy because every stock is moving but buy stocks that has good fundamentals so that when the bears resurface,the fundamental stocks become defensive stocks while others will fall YAKATA.

You took this world out of my mouth..Well it NSE ..let watchout...before they call someone bad belle.

Relixy2k:
Good afternoon house. I have 2200 worth of units of shares managed by Mainstreet bank with universal insurance as trading partner for about 10 years now. Started with 20k 10 years ago. I want to confirm how much that is worth in naira as I have never receive any dividend on it. Thank you

Bros pls ur story is not clear....did u mean u own Mainstreet bank and universal insurance shares all worth 2200...pls rephrase

austinkenneth:
Progress in currency liberalization has always happened when Buhari was away.
Lets all stay put. We may have an Egypt loading. I'm disappointed mainly because the lower the index stays the better for me so that I can load more before the eventual devaluation. But all the same, lets enjoy the ride.
A pullback may happen if the foreign investors are not Ok with the floatation.
But see below what happened in Egypt and judge for your self whether it is not worth it playing this MMM.
Don't come here to say you JOed and missed out.
Egypt

- This has happened technically & quietly with the introduction of NAFEX window (investors window) !
- Using the Nigeria ETF has a gauge, foreign holdings have adjusted to the Investor window price rather than d official price
- Technically , investors have been hit wt a devaluation from N306/$ to N380/$ region
- also making Nigeria cheaper in dollar terms anyway . .

Lets say You have 10 million Naira now, which 5 stocks will you buy? for immediate turnover

OlugbengaE:
Lets say You have 10 million Naira now, which 5 stocks will you buy? for immediate turnover

FBNH only. They can easily do what Oando is doing righy now

Everything just dey happen at the same time , don't know if the budget will be pass this week /Soon

Be like say some of these pple are back into the Market [smart ones ]..the early birds

Tritri:
TOTAL going down..

While others are shouting bull, it is the other way round for the stock...But I still don't understand what the problem is...Why the dumping...It has never been this bad at least since I started trading....I will be patient till when Q2 report comes out, if there is still no changes, I will accept my loss and move on....

#my verdict on TOTAL

Coolcash1:


While others are shouting bull, it is the other way round for the stock...But I still don't understand what the problem is...Why the dumping...It has never been this bad at least since I started trading....I will be patient till when Q2 report comes out, if there is still no changes, I will accept my loss and move on....

#my verdict on TOTAL

Sir Cool, don't worry, it is a stock to look at ...Be Patient

OlugbengaE:
Lets say You have 10 million Naira now, which 5 stocks will you buy? for immediate turnover

more important than d picks are

- position sizing
- setting good stop losses after entry
- patience
- keeping emotions under control esp when u have those unexpected draw downs from nasty pull backs

Why risk Mgt is key
- a -20% draw down is easily N2m out of pocket , portfolio wud need a 25% gain to break even ,
- a -30% drawdown will need +43% to breakeven and be be lo

if u can keep the above , u can buy any breakout sef but pref on d pull back

locodemy:
Hello my people.Just to say hi.I was thrown out of the forum since last week.I dont know if the drinks i gave out was against the rules and regulations of this forum.........I want to know what was really my offence so i can take precaution.
What does CURRENTPRICE know about my suspension?He said it and it was done.

sory bros, i thought u went on vacation.

Godisfaithful:


Sir Cool, don't worry, it is a stock to look at ...Be Patient

Time will surely tell

Coolcash1:


Time will surely tell

I pick some quantity today and hoping to add more tomorrow

fxuser:
Zenith
- SP opened above n16 major resistance on d daily
- the weekly is very encouraging

Fidson & MayBaker
- the breakout continues

for me i ll rather call d case of fidson a recovery

Thank God i was able to reinvest my fcmb dividend back @ fcmb at 0.93kobo when fxuser analysis tools were signalling 0.84kobo.I am now hoping for a brighter tomorrow...........looking at the kind of volume traded in fcmb today.

Godisfaithful:


I pick some quantity today and hoping to add more tomorrow

There is no point catching a falling knife...I thought of doing same but changed my mind and decide to watch it till tomorrow or next.

fxuser:


- This has happened technically & quietly with the introduction of NAFEX window (investors window) !
- Using the Nigeria ETF has a gauge, foreign holdings have adjusted to the Investor window price rather than d official price
- Technically , investors have been hit wt a devaluation from N306/$ to N380/$ region
- also making Nigeria cheaper in dollar terms anyway . .

.

in that case mayb we need to start following the volume on d NAFEX as a tracker/ proxy for the direction on the NSE.

Where can one get the volume done daily on the NAFEX window (i think FMDQ only quote the price)

Coolcash1:


There is no point catching a falling knife...I thought of doing same but changed my mind and decide to watch it till tomorrow or next.

I will pick some units tomorrow God's willing. Let's watch and see how it plays out...