feelamong:


Has Buhari left Nigeria?

why the sudden change in your talk?

You once said that as long as Buhari is president the stock markets will never do well...

Yes for oil to be selling @circa $70 that simply means that NAIRA is undervalued.

And the major reason HOT MONEY is massively hopping into NSE..

Index
- gained a massive 3.60%
- DangCem also pull its weight
- very healthy break above prev resistance

PETERiCHY:


Yes for oil to be selling @circa $70 that simply means that NAIRA is undervalued.

And the major reason HOT MONEY is massively hopping into NSE..

I agree with you on this. Even if most stocks get to their 2014 high, they will still be selling at half (in dollar term)

The last time crude sold for $70 that was Nov 2014 Naira was exchanging btw N200 & N250 official and black market respectively.

SO LETS DO THE MATHEMATICS.

fxuser:

Another Ex: Wapco
- u wud note the RSi sneaked into oversold levels on d daily wt a price break above the N50 level
- the weekly RSI is also gradually making its to a 3 yr high (wh is a great signal),
- its building up nicely

dis:
dont hv any . just observing

We will gradually exchange ALL saw dust for firewood in due course, ....
It takes firewood some time to catch fire, but once it does, we are sure of charcoal, by then, saw dust will become ashes.

Let the timeframes continue to align and the indicators resolve their disharmony ..

I will put this on my watchlist.

Great job ur doing.
.

2zona:

Infact am even scared of whats going on in this market presently, like seriously, are these real money or bloody money flowing into NSE?

1) TBills rates are not longer attractive, and it has affected Money Market mutual funds too. Today for instance, I have pulled over N2m from my Mutual Fund into the market. Now think of guys like me who have done similarly.

2) Oil Price is equally surging.
3) Investors' (local and foreign) sentiments are increasingly positive
4) Foreign reserve now above USD40bn

More funds will come in as results begin to come in between now and May undoubtedly. And the banks will do well because of the juicy TBills rates of 2017!

For me, I am creating real access to acquire more ACCESS! You know what I mean?

Kudos everyone

To fxuser, BBM, Prof, Currentprice and all the other gurus in the house. Can you help us with what the chats are saying about the NSEMPA ACI ( NSEMPA All Chart Index)?

The thread is so bullish these days. What are the thread's new resistance and support levels?

Even people wey never post anything in over a year are now active.

Thanks in advance

who send me buy access bnk?

would had been over 25% up if I had chosen my 2nd option!

^

Zhirinovsky:
who send me buy access bnk?

would had been over 25% up if I had chosen my 2nd option!

Weep Not Child. Every stock on NSE has it's own bullish time zone. Just be patient.

which is your option? you could still change

Zhirinovsky:
who send me buy access bnk?

would had been over 25% up if I had chosen my 2nd option!

Infinitisi:
To fxuser, BBM, Prof, Currentprice and all the other gurus in the house. Can you help us with what the chats are saying about the NSEMPA ACI ( NSEMPA All Chart Index)?

The thread is so bullish these days. What are the thread's new resistance and support levels?

Even people wey never post anything in over a year are now active.

Thanks in advance

price breaks above major resistance lines are good
but we shud expect to pull back to that line for a retest in some / most cases
after which some mkt consolidation and then continuation
that pull back will shake out the poor entries and weak hands (its all part of the consolidation

TA
a strong pull away shud also expect a pull back (some light , some heavy), den some consolidation before continuation
its a bumpy ride , wear ur seat belt

currentprice:


pple can see the reasons i advice to keep your money if you are not yet in any stock pple who jump on DF today at high already have hair-cut of 5% and such person might not be able to sleep with both eyes tonight for fear of unknown

abeg i am not saying DF will not contining BULLING o

Dangflour gained today.

Zhirinovsky:
who send me buy access bnk?

would had been over 25% up if I had chosen my 2nd option!

You will smile big time soooooon. Just take note of DeRuggedProf parable of saw dust and ashes just a few comments above. Blessed are you those who have working ears and a high sense of discernment

Zhirinovsky:
who send me buy access bnk?

would had been over 25% up if I had chosen my 2nd option!

Surulere

Infinitisi:
To fxuser, BBM, Prof, Currentprice and all the other gurus in the house. Can you help us with what the chats are saying about the NSEMPA ACI ( NSEMPA All Chart Index)?

The thread is so bullish these days. What are the thread's new resistance and support levels?

Even people wey never post anything in over a year are now active.

Thanks in advance

3000 pages before opening bell on Monday is a breakout in d short term ..

what ur Yr End projection?

mine: >9000 pages

fxuser:



3000 pages before opening bell on Monday is a breakout in d short term ..

what ur Yr End projection?

mine: >9000 pages

If there is no meltdown. We had a meltdown at a time from > 1000 to 200

wanted to load more diamond at N1.89 but opted for this Access nonsense something bad may be cooking in Access.

chunkuli:
which is your option? you could still change

onegentleguy:


So ACCESS has already done nearly 120M in volume !! ...is alright then.

My 2 cent on the recent upsurge in the market;

From an economic perspective, while I still think that not so much has been done by this government on the fiscal front, am inclined to believe that the monetary front leaves little doubt in the mind of any sane investor on where to plunge in their funds. ...its clear that there has been more net fund import to export, and there will likely be more as the yield curve on other invest-able income security gradually heads downwards.
Again the recent surge in the price of oil had acted up as a good buffer and indicator as to where funds should go. (always imperative to keep an eye on the price of oil).
...And of course the nse will always be one sure benefactor.
What we are experiencing now is not out place because during the downturn, most fundamentally sound coys plunged far beyond their intrinsic value. ...and so its normal that with the recent change in tide, it wouldn't be long before the effect of reprising sets in.
Will the current trend continue? ...Yes am inclined to believe so because most stocks are selling at a huge discount from fair value. ...especially when u consider the fact that some of those fair values are still at a quite big enough range from their current prices.
Will there be bumps on the way? ...certainly yes for there is no such thing as an absolute trend ...in a stock market there will always be slight pull back off from any given direction even when the trend is headed the opposite lane. ...thats what makes for the dynamism in a market and we saw that happen in a few stocks today even the much respected Dangote Flour (I believe it will continue its way up).

That said, I think the ultimate goal should be for all of us to have a plane and ensure we stick to it. ...Like I always say, if u fail to have a plane for the market, then the market will create one for u. ...and often times it could be a bad one.
may that not be our lot !!

Even if it eventually picks, how much can it make? can it get to N18?

jamace:
Weep Not Child. Every stock on NSE has it's own bullish time zone. Just be patient.

PETERiCHY:


Yes for oil to be selling @circa $70 that simply means that NAIRA is undervalued.
And the major reason HOT MONEY is massively hopping into NSE..

Absolutely
We are strongly correlated to oil price and reserves levels
See news on Nigeria ETF :
https://friscofastball.com/global-x-msci-nigeria-etf-nge-rises-3-41-for-jan-9/
https://melvillereview.com/are-g-x-nigeria-index-etf-nge-shares-a-pis-buy/575196/
https://www.dispatchtribunal.com/2018/01/04/global-x-msci-nigeria-etf-nge-announces-special-dividend-of-0-42.html
https://weekherald.com/2018/01/04/jane-street-group-llc-acquires-20679-shares-of-global-x-msci-nigeria-etf-nge.html
https://finnewsdaily.com/global-x-msci-nigeria-etf-nge-rises-2-43-for-jan-3/
http://www.fxpips.com/arca-nyse-biggest-market-gaining-stocks-jan-10-overview/

and be be lo

the Nigeria ETF was a major hit last year and its still breaking out (> $24) on all time frames. It has caught many funds attention, Esp those who bet on oil stocks & frontier markets . Even foreign portfolio get late comers , they will also look to take positions too

Like u said : We Aint Seen Nothing Yet

My brother, I leave Blues go join Reggae!!!!

Agbalowomeri:


Surulere

Why are we saying Dangflour lost today in this forum?
Please check today stock prices in nse.ng.com for price list. Dangflour gained today. My profit from the stock, today, has been credited by my broker.

Zhirinovsky:
Even if it eventually picks, how much can it make? can it get to N18?

You would have sold before it gets there

Toluway:

Dangflour gained today.

some pple bought at 17.60 brov

currentprice:


some pple bought at 17.60 brov

Wao! That means they bought higher than the previous close. I usually buy 10.16 a.m.
Whatever be the case, nsem recorded that Dangflour gained 0.18 today.

currentprice:


pple can see the reasons i advice to keep your money if you are not yet in any stock pple who jump on DF today at high already have hair-cut of 5% and such person might not be able to sleep with both eyes tonight for fear of unknown

abeg i am not saying DF will not contining BULLING o

Sold my DF today to buy more of that concentrated nonsense and one agba stock (with heavy volume today ).

The market dynamics is indeed changing

currentprice:


some pple bought at 17.60 brov

formed a daily doji but even d day LOW is > prev day closing

#beautiful

fxuser:


formed a daily doji but even d day LOW is > prev day closing

#beautiful

Lets hope that those who sold their DF today dont come back to buy it far higher.
Am in love with Mr TIME. ...He sure does always have his way around things.

Toluway:

Wao! That means they bought higher than the previous close. I usually buy 10.16 a.m.
Whatever be the case, nsem recorded that Dangflour gained 0.67 today.

#0.18.
A whooping 3.90 %

currentprice:


pple can see the reasons i advice to keep your money if you are not yet in any stock pple who jump on DF today at high already have hair-cut of 5% and such person might not be able to sleep with both eyes tonight for fear of unknown

abeg i am not saying DF will not contining BULLING o

VEECOVEE, I don join your ministry......
God, help me to think and act like a programmed machine when I am dealing with MR MARKET...
May my enemies (Pullbacks) never distract me.
May faulty bridges (Resistances) never sink when I am on top of them, but turn to support.
May armed robbers (Losses) never become my portion.
May noise pollution ( MH) be screened away from me.
May I never locate a dry well (Illiquid stock) while searching for abundant water.
May Ego never overtake me when my when my portfolio goes viral.
Ban the wandering spirit ( Insisting to be in every moving stock, even when it is near its bustop) from me
Cure me of itchy fingers.
Help me to understand that staying close to the finish line (entering a stock selling at a premium) and crossing it first when other racing athletes near my position will not grant me a medal.
Resurrect ALL my Lazaruses.


Help me add prayer points.......