₦airaland Forum

BullBearMkt:
About 2 days ago, I wrote the above post about NSE index likely to have found a bottom; however, as the last 2 trading days shows, market is still earnestly in search for its bottom. Major support level at 37657 has just been broken. What I observe interestingly is that the decline is not supported by high volume compared to the volume associated with the little bullish days.

Is this a false breakdown or real one? Market sentiments from tomorrow will confirm this. For now, if you are still in the market, I will advice you to be wise. Though good stocks are still out there, like IBTC, but majority of the stocks will decline as the index is falling...

from pull back to deep correction to trend reversal

in short:
siddon look is d pref recommendation

fxuser:
NSE May - https://twitter.com/PaulWallace123/status/1014176463380254722
Foreign outflow
Jan 74 bln Feb 38 bln Mar 62 bln Apr 58 bln May 130 bln (bloody)

elections are coming
it's expected

fxuser:
looking at the weekly .. N22 - N23 is a buy zone, it may nt reach there who knows

#

That N22 support is very tempting but should it be breached, it will turn out very catastrophic....

mendes912:
That N22 support is very tempting but should it be breached, it will turn out very catastrophic....

answer

Ugosample:
elections are coming

it's expected

RabbiDoracle:
You have lost so much(recently) that you are now loyal to your employer that you wanted to sack.

I be prodigal children. I don spend all my January loot on women. Parisfran can testify

sellydion:
answer

Of course it will be breached on the long time, my post was for short time trade.

MSCI MOVEMENT IN PORTFLIO FOR 3 JULY 2018/GENERAL MARKET COMMENT


Apathy of the fund for the market continues. The interesting or is it a cause for concern, is that the NAV is negative again. This will further let the fund postpone the resumption of buying activity.

One of the few things going on for Nigeria is the fact that Oil price is still stable which negated the anticipated weakening of exchange rate due to[b] the expected stronger Dollar.[/b]

For now let us just fold our hands and see when volume start coming into the market (there is lack of volume in the market for now). There is probability of significant price rises.

I feel for those who have suffered losses (I am equally affected). This season has drummed the need for patience into my head and I am happy with my recent purchases as I was able to buy at the lowest prices possible, such that if those equities lose 10% in value, I will be happy to sell. My recent purchase of OANDO at an average price of NGN6.50 is a case in point. I have purchase using good trading/investment principles and having been in the trade for about 2 weeks without the stock going below 10% of my purchase price (despite the carnage in the market), loss of 10% is good as my recovering back very soon is possible.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months

Agbalowomeri:
I be prodigal children. I don spend all my January loot on women. Parisfran can testify

I do not think that this will affect the banks.

phemmie06:
http://www.businessdayonline.com/exclusives/article/companies-decide-ceos-leave-frc/

Mpeace:
U sure say loco never chop ban?

Mpeace thank you for wishing me ban.I travelled on a biz trip that's why I never shew face.I arrived this morning only to notice that a lot has happened but I am still a happy man cos upl answered me.I think I will do some trade there this morning.

Any stock that enriches peoples pocket at NSE is a good stock.eg......Japaul oil.Can you count how many times this stock has put money to someone's pocket.On the move again.

locodemy:
Mpeace thank you for wishing me ban.I travelled on a biz trip that's why I never shew face.I arrived this morning only to notice that a lot has happened but I am still a happy man cos upl answered me.I think I will do some trade there this morning.

lol. I no wish u ban o. I was just checking on you fa. As I no see you na him I ask whether you don chop ban.
Welcome back loco. Wetin you carry come from journey.

Mpeace:
lol. I no wish u ban o. I was just checking on you fa. As I no see you na him I ask whether you don chop ban.
Welcome back loco. Wetin you carry come from journey.

My brother I came back with my head.As you can see man don begin hustle as our market has stop yielding fruits.

deepsuk:
Shut up u fool

Stop molesting the goat in your mamas house.


Goat molester

that is the way u were brought up and i know the part of Nigeria u came from where they dont have regards for their parents. Anyway, let the free fall continue. Abi na me put u inside trouble? i will not insult u in any form but i pray Zenith gets to my desired destination. May it be so in Jesus name

aremso:
that is the way u were brought up and i know the part of Nigeria u came from where they dont have regards for their parents. Anyway, let the free fall continue. Abi na me put u inside trouble? i will not insult u in any form but i pray Zenith gets to my desired destination. May it be so in Jesus name

aremso:
that is the way u were brought up and i know the part of Nigeria u came from where they dont have regards for their parents. Anyway, let the free fall continue. Abi na me put u inside trouble? i will not insult u in any form but i pray Zenith gets to my desired destination. May it be so in Jesus name

e don reach like this?
No body should cause me to rain thunder on his head o.
E no go dey easy if thunder comes.

locodemy:
e don reach like this?
No body should cause me to rain thunder on his head o.
E no go dey easy if thunder comes.

Welcome Back Sir.

mendes912:
Welcome Back Sir.

my friend,i don read plenty pages.your report too much.wetin you commit? wetin you do my neigbour from ghana?

Finally,Japaul don use brick to cage the wall. E fit reach 50kobo this time.
EYE THIS STOCK AND GET YOUR FINGERS BURNT.

locodemy:
my friend,i don read plenty pages.your report too much.wetin you commit? wetin you do my neigbour from ghana?

Morning Sir. Check well. No be me provoke Madam.

mendes912:
Morning Sir. Check well. No be me provoke Madam.

Its like she like you the way I am seeing thngs.Just make 100m now and see what i m saying.

locodemy:
e don reach like this?
No body should cause me to rain thunder on his head o.
E no go dey easy if thunder comes.

lol I beggi no kili me here oo

fxuser:
very low volumes

only 2 stocks with > N200m traded ! #weak

very low volume continues ..

fxuser:
very low volume continues ..

When you have refused to pump in your cash and foreign outflow is on the increase, how do you expect the volume to improve.....

fxuser:
very low volume continues ..

Very deep correction.

fxuser:
very low volume continues ..

Zenith
- calling back up at n24

mendes912:
When you have refused to pump in your cash and foreign outflow is on the increase, how do you expect the volume to improve.....

people are becoming better are sitting still
lol

fxuser:
Zenith
- calling back up at n24

We will know how strong the backup is within the next hour.

this wide daily range has allowed some spectators to put their bids /offers at the tail ends of both posts
loll