rebekah2011:
Madam, please cool down. The FDIs are not in any Country to do father Xmas. They are here to make money. A number of us do not want to admit to certain things because it is against our stock move. Let us be more cautious so that we are not trapped. There is demand pressure on Forex. Foreign investors will like to repatriate their funds. It will be foolhardy for anyone to ignore the political risk too. Stocks cannot continue to go downwards, it will always rebound at a point. Let's trade cautiously so that our school fees will be moderate and commensurate.

Sir me i cool down oo i just want to know why he thinks that way.
A foreign investor will look Q4 and Q1 of some stocks on NSE and say “What the F they are doing at Current price ? they should be selling above that price” but traders here will say “History will repeat itself Zenith is heading back to 8 naira”
Just imagine! 8 naira !

Anyway I pray God protects that person from buying Zenith at 8 cause he might not live to tell the story.

STOCK MARKET UPDATE:

It has been a busy trading day as all indicators kept their acidic romance with the index.
BullBearMkt was seen mopping some stocks that wandered into the VALUE ZONE.
Fxuser was spotted with MENDES trying to mend some broken candlesticks.
Wanaj0 could not be reached as at the time of filling this report, to shed light on what has changed.
Chibuks was frantically calling his bank to free funds he sent for deposit earlier today before market opened.
Meanwhile, Peterichy had just sold his Caverton shares at today's low of N2.03, giving the stock the much needed ventilation, he had bought at N3.00 earlier this year after auctioning one of his DUMP TRUCKS to a Saudi prince.
When contacted, RabbiDoracle was still contemplating whether to open his mattress or wait till Friday to gauge the market's real intention....
For now, there is no clear view to what is actually loading and investors are STILL advised to exercise extreme caution...

DRP, reporting for NSEMPA.

This almighty Election I must follow the market during that time to see how it affects the market.

rebekah2011:
Madam, please cool down. The FDIs are not in any Country to do father Xmas. They are here to make money. A number of us do not want to admit to certain things because it is against our stock move. Let us be more cautious so that we are not trapped. There is demand pressure on Forex. Foreign investors will like to repatriate their funds. It will be foolhardy for anyone to ignore the political risk too. Stocks cannot continue to go downwards, it will always rebound at a point. Let's trade cautiously so that our school fees will be moderate and commensurate.

Ongoing is not specific to Nigeria. it is emerging / frontier market related.

it is highly likely that the current sell off is FPI driven (as evidenced by pressure on I&E window)

fundamentally the drivers is a stronger dollar (itself being driven by America first policies) and FED rate hikes (upcoming being priced in). the combo of two is deadly for emerging market because it dampens the allure of emerging market to Global/ Foreign Portfolio Investors (i.e. why go for troubled (emerging) asset when untroubled (US) is offering fair yield, we should remember that what brought them (FPI) to emerging market in the first place was the search for higher yield).

when wld this stop?. fundamentally two suggestive barometer would be (1) If ongoing does not nose dive into currency crisis for emerging market (as a result of fund flows out demanding for FOREX). here i think Nigeria is in a better stead (with reserve of $48-50) but that is if the operator (CBN) does not go into panic mode (by canceling / stifling the I&E window) (2) when emerging market asset yields (interest / dividend payment) becomes alluring again in comparision to US yields. (meaning either price of emerging asset becomes lower at same earnings or earning becoming higher at same price)

putting above in our consciousness could help with better decision making

BullBearMkt:
...Happy Bullish Day to everyone!!!

I sincerely feel/wish you should be contributing more.
I do not take your posts lightly and have personally benefited from your deep insights and unique way of interpreting the charts.
You have a way of professionally approaching the charts without throwing stones.
You are a great source of encouragement to us here.
Thanks.

DeRuggedProf:


I sincerely feel/wish you should be contributing more.
I do not take your posts lightly and have personally benefited from your deep insights and unique way of interpreting the charts.

You have a way of professionally approaching the charts without throwing stones.

You are a great source of encouragement to us here.
Thanks.

Unlike........

Infinitisi:


Unlike........

DeRuggedProf:
STOCK MARKET UPDATE:

It has been a busy trading day as all indicators kept their acidic romance with the index.
BullBearMkt was seen mopping some stocks that wandered into the VALUE ZONE.
Fxuser was spotted with MENDES trying to mend some broken candlesticks.
Wanaj0 could not be reached as at the time of filling this report, to shed light on what has changed.
Chibuks was frantically calling his bank to free funds he sent for deposit earlier today before market opened.
Meanwhile, Peterichy had just sold his Caverton shares at today's low of N2.03, giving the stock the much needed ventilation, he had bought at N3.00 earlier this year after auctioning one of his DUMP TRUCKS to a Saudi prince.
When contacted, RabbiDoracle was still contemplating whether to open his mattress or wait till Friday to gauge the market's real intention....
For now, there is no clear view to what is actually loading and investors are STILL advised to exercise extreme caution...

DRP, reporting for NSEMPA.

Our one and only Prof.

You didn't say anything about what you have been doing all day? I heard you been busy supplying the much needed "palm waxes". Abeg, mold the green candles as long as possible.

pasuma:

Are you trying to say when Currentprice bring out charts, he hits either Loco or .......

mendes911:


Our one and only Prof.

You didn't say anything about what you have been doing all day? I heard you been busy supplying the much needed "palm waxes". Abeg, mold the green candles as long as possible.

mendes911:


Our one and only Prof.

You didn't say anything about what you have been doing all day? I heard you been busy supplying the much needed "palm waxes". Abeg, mold the green candles as long as possible.

Only bought FIRST CLASS TICKET today....

DeRuggedProf:


Are you trying to say when Currentprice bring out charts, he hits either Loco or .......

Loco?
mbanu........not me o

DeRuggedProf:


Are you trying to say when Currentprice bring out charts, he hits either Loco or .......

...unna no go kill someone with laffter

DeRuggedProf:


I sincerely feel/wish you should be contributing more.
I do not take your posts lightly and have personally benefited from your deep insights and unique way of interpreting the charts.
You have a way of professionally approaching the charts without throwing stones.
You are a great source of encouragement to us here.
Thanks.

...I appreciate it @DeRuggedProf!

BullBearMkt:
...unna no go kill someone with laffter

Lol. These people know how to bring people out especially cp.

BullBearMkt:
...I appreciate it @DeRuggedProf!

Mention the stocks you are trapped in.

Yayira:
BBM and Paris, forget 38, pump in that dough !

You've got mail

locodemy:


Mention the stocks you are trapped in.

BBM trades the index mostly. LOL. Ask him the level at which he got trapped (if he's truly in).

My advice to my beloved ones here is once you see an opportunity to bail pls do and never look back.
Loco will also do same if the opportunity is seen.

THE REST OF THE YEAR IS FULL OF UNCERTAINTIES.MANY BULL TRAPS ON THE WAY.

locodemy:


Mention the stocks you are trapped in.

...Trapped? I've moved 99.999% of my capital out of NSE only left with, only God knows, in UBA which I bought around N6. Trading Forex & foreign indexes often. Waiting for NSE market to stabilise again

mendes911:


BBM trades the index mostly. LOL. Ask him the level at which he got trapped (if he's truly in).

Will they be truithful?
If truely they added following following their technical charts,they should be in life supporting machine by now especially fxuser.

LOL I STILL SEE THEM HERE AGAIN TALKING LIKE NOTHING HAPPENED.

BullBearMkt:

...Trapped? I've moved 99.999% of my capital out of NSE only left with, only God knows, in UBA which I bought around N6. Trading Forex & foreign indexes often. Waiting for NSE market to stabilise again

I have moved 100% of my trading capital into NSE, I'm being greedy when others are fearful

Parisfran:


You've got mail

Ok..

As it is now,I want zenith at 20 so I can average down to sell all at 25 if the bull trap comes again.


WHAT TO EXPECT IS BULL TRAP NO MORE BULL.BULL IS ONLY WHEN YOU ARE MAKING PROFIT NOT WHEN YOU ARE RECOVERING.

rationalmind:


I have moved 100% of my trading capital into NSE, I'm being greedy when others are fearful

...it should work for you then, when you don't follow the "crowd". In financial market, majority always wrong

rationalmind:


I have moved 100% of my trading capital into NSE, I'm being greedy when others are fearful

which stocks did you put your 100% capital?
Make sure you dont blame your innocent uncle in the village when it starts o.

BullBearMkt:

...it should work for you then, when you don't follow the "crowd". In financial market, majority always wrong

When one carries new fund to the market especially borrowed,this should be the best advice for someone whom Janet is calling to drown.

BullBearMkt:

...it should work for you then, when you don't follow the "crowd". In financial market, majority always wrong

Interesting

rationalmind:


Interesting

You see what I am talking about.
INTERESTING.........?

ISSOKAY

GTB = Full Offer

locodemy:


which stocks did you put your 100% capital?
Make sure you dont blame your innocent uncle in the village when it starts o.

Don't worry Sir Loco, I'll be fine

As for the stock, I will mention it when I sell . It's not liquid and it's unpopular here.

rationalmind:


Don't worry Sir Loco, I'll be fine

As for the stock, I will mention it when I sell . It's not liquid and it's unpopular here.

Make sure you dont follow analysts voices to buy Aiico.
I know the yesterday volume is tempting.