₦airaland Forum

yok:
MSCI- NIGERIA MOVEMENT FOR 9 AUG 2018/GENERAL COMMENT

MSCI-Nigeria maintained a clean slate for 9th August 2018, [/b]the fund is still in “safe mode”.

Now it seems the [b]more Indigenous market participants have joined the “safe mode”. The volume in the market as it is currently is on the lower side. Expect the downward slide to continue, although at a slower rate (no people in the market to push prices, but the day our MSCI friends sell expect good movement to the downside).

Personally, I am still staying on the sideline, some equities are now at extreme low prices, but lack of buyer is their bane, thus they may fall further (just like Oil producer and world market price, if cost of production in Nigeria is NGN50 and world price of oil is NGN40, oil companies will make losses). If fundamental is good no buyer, the seller needs money price must fall, no story.

But once the all share index is in the middle/lower 35,000 there may be a small bounce. Let us fold our arms and see.


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.

N:B

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

been looking at that 35k .. seems Mkt get appointment there . .
but who mkt go bleed a lil more to get there ? umm
some ''big cows'' still get blood sha

nice one always

Godlylifeoneart:
https://www.forexlive.com/news/!/george-soros-says-we-may-be-heading-for-another-major-financial-crisis-20180529

the daddy of Fallibility & Reflexivity

fxuser:
Index
Quick Glance at d Daily

RSI & MACD
- RSI remains below 50 since April , indicating low bullish sentiment persits, no new money
- hw'ever RSI making lower highs shows bearish slowdown
- MACD sef remain below Zero line since march, same as above (bullish crossover below is usually weak, but we keep wacthing)

Moving Averages
- Price remains below 10ema (36,491), 20ema (36,735) , 50ema (37,616) & 200ema (38,151) dis shows its bearish on all time frames
- Looking fwd to wen MA's (moving average) starts to flatten out , or at least make price break above 10ma / 20ma
- patience still , one must learn to wait and how to wait sef . .

IchiMoku
- price broke below the Kumo cloud 23 March & remains below the Kumo cloud (bearish sentiment) nothing new here
- price still de below d Tenkan-Sen & KiJun-Sen (google am lol) also no TK bullish xver ''YET '' (wen wee see am , we go blow d whistle lol)

General thots
- Still in line with MSCI analysis by Yok ad others (kudos gents)
- Index is likely to test 35 thousaaand level (also d 50fib retracement level, FIB pple can confirm dis)
- but are we going there directly ... umm , or after a possible ''light ''bounce ??

- we hv pulled to far away from the 50ema, price is due for a pull towards it before continuation or consolidation or watever mkt decides
- i think dis is the general mood shared by awon ''guru's'' in da hse , (pls index is also very skewed to d big caps)


Dis:
i'm remain a student & can be very very very wrong ''MOST'' times . permit my rambling / TA language

Holdings
Zenith

TGIF #BlessPeople

I hope this August Break happens in August...Thanks!

Godlylifeoneart:
https://www.forexlive.com/news/!/george-soros-says-we-may-be-heading-for-another-major-financial-crisis-20180529

I share his opinion
I think dow is 'topping'

@fuxer

Me think the opportunity for a bounce may have disappeared in this August; that gives room for a stronger Q3 bounce. I suspect 35 might be breached in Sept. before the bounce. Then comes the autopilot

Agbalowomeri:
@fuxer

Me think the opportunity for a bounce may have disappeared in this August; that gives room for a stronger Q3 bounce. I suspect 35 might be breached in Sept. before the bounce. Then comes the autopilot

Autopilot headed south or north?

Before any bounce, I would expect a week of battering and that's yet to happen. I wonder what will instigate the bounce. Well, CBN might review exchange rate again. Who knows....

mendes911:
Autopilot headed south or north?

Before any bounce, I would expect a week of battering and that's yet to happen. I wonder what will instigate the bounce. Well, CBN might review exchange rate again. Who knows....

There has to be a bounce before the final legover

I think 32/33 in September, with a bounce back to 35/6 looks likely

Agbalowomeri:
@fuxer

Me think the opportunity for a bounce may have disappeared in this August; that gives room for a stronger Q3 bounce. I suspect 35 might be breached in Sept. before the bounce. Then comes the autopilot

umm yeah .. august vol might be the lowest yr to date . .
i like the the breach idea .. last shake out

Parisfran:
The guy na special type of trouble maker.

Cadillac I think it is wrong to pass the blame of your actions to others. Nobody forces anybody to buy anything and I don't think it is fair to discourage people from giving recommendations. To be fair on them, they have never recommended a loss making company and they warn against Companies with historically bad results. Even I myself have been reading FS of companies trading below 50k, the only thing stopping me is what Wanjo always say, "How easy is it sell".

Let's all try to live and let live.

My dear. I never blamed anybody for anything. Never been a follow follow investor. So i take full responsibility of my actions and inactions.

I'm only opening the eyes of newbies and the gullible ones to the antics of monkey hunters and predators here.

Cadillac15:
My dear. I never blamed anybody for anything. Never been a follow follow investor. So i take full responsibility of my actions and inactions.

I'm only opening the eyes of newbies and the gullible ones to the antics of monkey hunters and predators here.

driving Cadillacs in our dreams! https://nairametrics.com/notore-q3-2018-investor-call-highlights/

Article for the times

http://awealthofcommonsense.com/2017/06/bulls-bears-charlatans/

Mcy56:
Noted Prof. At least, I go still pass ya course 'cos the mistake no plenty. Maybe I need to increase my corn consumption so I can get 100% in next exam.

You no see this one sir? I say I go call your attention to it today ni.
In fact, the guy need home coaching self.

Mcy56:
Lol. He dey find his harvested bag of corn stolen.

Hmm... Mercy will you ever change?

Brent
- unable to break back above the 50ema on d daily
- weekly rsi still indicates bullish fatigue (-ve div)
- $70 test next ? !

https://invst.ly/89fp-

#justobserving

TLAX:
Article for the times

http://awealthofcommonsense.com/2017/06/bulls-bears-charlatans/

nice read, spot on.
beware of ''Charlatans'' indeed

cornwall:
Hmm... Mercy will you ever change?

Hhmmm, I wish I understand what this means.

ekesoft:
abeg oohhh no smell rat ooohhhhh...i want too learn and what am reading from previous post ,is turning ma head thats why am looking for a personal tutor

Contact Ucheson, he might be of great help.......Hope u read from the beginin

fxuser:
nice read, spot on.
beware of ''Charlatans'' indeed

Bulls, Bears & Charlatans

Posted June 11, 2017 by Ben Carlson

“The reason that ‘guru’ is such a popular word is because ‘charlatan’ is so hard to spell.” – William Bernstein

The word ‘charlatan’ is supposedly derived from the Italian word ciarlare, which means ‘to babble.’

Some of the original charlatans were confidence men who would prey upon people’s misunderstandings about healthcare before modern medicine existed. There used to be traveling medicine shows where the salesperson would make promises of magic elixirs that would heal all wounds. It was only after they had moved on to the next town that people would realize they’d been swindled as these tonics were worthless forms of medicine (this is also where the term snake oil salesman comes from).

A charlatan has also been described as someone who professes to have abilities or expertise that they do not have. The term ‘charlatan’ is perfect for the finance industry because it can attract people pretending — whether they realize it or not — to know more than they actually do.

Speaking of charlatans, here’s a headline I read on Friday that sounds scary:

Normal investors could be excused for seeing a headline like this and running for the hills. It has to be true! He’s a legendary investor!

One of my loyal readers sent me the following this week to put this scary headline into perspective:

2011: 100% Chance of Crisis, Worse Than 2008: Jim Rogers

2012: Jim Rogers: It’s Going To Get Really “Bad After The Next Election”

2013: Jim Rogers Warns: “You Better Run for the Hills!”

2014: JIM ROGERS – Sell Everything & Run For Your Lives

2015: Jim Rogers: “We’re Overdue” for a Stock Market Crash

2016: $68 TRILLION “BIBLICAL CRASH” Dead Ahead? Jim Rogers Issues a DIRE WARNING

2017: THE BOTTOM LINE: Legendary investor Jim Rogers expects the worst crash in our lifetime

If I was named Financial Market Czar one of the first rules I’d institute would be to give every pundit a punch card. You would only get 5 opportunities to call a top or bottom in the markets and every time you made a wrong prediction you’d get a punch. Once all your punches are used up, no more making extreme predictions again.

By all accounts, Rogers is a decent guy. He made a ton of money after founding the Quantum Fund with George Soros in the 1970s and retired in his late-30s to travel the world.

But how is this possibly helpful to anyone?

What is he trying to accomplish?

Why not take a break for a while after the first few crash calls were completely off base?

Sometimes uber-successful people are the worst ones to listen to for advice because they become so overconfident in their abilities. Rogers very well may be a legendary investor but that doesn’t make his crystal ball clearer than anyone else’s.

People who are contrarians for the sake of being a contrarian will read something like this and tell me it’s a sign of a market peak. But this has nothing to do with being bullish or bearish. There’s nothing wrong with expressing an opinion about the markets, be it positive or negative.

I’m not anti-bearish or anti-bullish, I’m anti-charlatan. Making extreme predictions about the markets comes with zero consequences because there are so many pundits these days that most forecasts are quickly forgotten. The only ones people remember are those that are right. So there’s very little risk involved but if you ever happen to be right about a pending market crash you’ll forever be remembered as the person who called it.

A market crash is always a possibility. But using scare tactics to get people out of the markets (or keep them in) isn’t helpful to anyone.

I’m sure there were a lot of investors who were emotionally scarred from the financial crisis. Unfortunately, the crisis also spawned a large number of charlatans to prey upon those emotions. I hope investors are able to better understand that extreme predictions from charlatans — whether they call for a crash every year or tell you one can never happen — provide no useful value.

Further Reading:
Perma-Arguments

Truly a nice read, fx.

At bolded, no further comments.

My last batch of Tbills @ 18% from last year will be maturing dis month, as the rate are not as juicy as last year, im not planning to roll over fully, Abeg what do i do, my portfolio is already down 20%
cc
Agba
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mendes
current price
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maishai:
My last batch of Tbills @ 18% from last year will be maturing dis month, as the rate are not as juicy as last year, im not planning to roll over fully, Abeg what do i do, my portfolio is already down 20%
cc
Agba
Peterichy
mendes
current price
pa elewunmi
rabbidoracle
........................etc

I would do 90days and wait or keep cash for Sept ending hoping you can surf mendes' style

Mcy56:
Hhmmm, I wish I understand what this means.

understood

cornwall:
understood

Lol
Those of us who/that (abeg oga which one correct?) attended night school

cornwall:
understood

Chai! The village people sent you after me?
Na night school I go na. Tell them my English has nothing to do with my portfolio o.

Cadillac15:
Bulls, Bears & Charlatans

What is he trying to accomplish?

Why not take a break for a while after the first few crash calls were completely off base?

Sometimes uber-successful people are the worst ones to listen to for advice because they become so overconfident in their abilities. Rogers very well may be a legendary investor but that doesn’t make his crystal ball clearer than anyone else’s.[/b]

People who are contrarians for the sake of being a contrarian will read something like this and tell me it’s a sign of a market peak. But this has nothing to do with being bullish or bearish. There’s nothing wrong with expressing an opinion about the markets, be it positive or negative.

I’m not anti-bearish or anti-bullish, I’m anti-charlatan. Making extreme predictions about the markets comes with zero consequences because there are so many pundits these days that most forecasts are quickly forgotten. The only ones people remember are those that are right. So there’s very little risk involved but if you ever happen to be right about a pending market crash you’ll forever be remembered as the person who called it.

A market crash is always a possibility. But using scare tactics to get people out of the markets (or keep them in) isn’t helpful to anyone.

I’m sure there were a lot of investors who were emotionally scarred from the financial crisis. Unfortunately, the crisis also spawned a large number of charlatans to prey upon those emotions. I hope investors are able to better understand that extreme predictions from charlatans — whether they call for a crash every year or tell you one can never happen — provide no useful value.

A market crash is always a possibility. But using scare tactics to get people out of the markets (or keep them in) isn’t helpful to anyone.

I am always angry when i see people do this.

Ironically the-same people will still be in the market after scaring other away.

Agbalowomeri:
Lol
Those of us who/that (abeg oga which one correct?) attended night school

Mcy56:
Chai! The village people sent you after me?
Na night school I go na. Tell them my English has nothing to do with my portfolio o.

Cadillac15:
Bulls, Bears & Charlatans

Posted June 11, 2017 by Ben Carlson

“The reason that ‘guru’ is such a popular word is because ‘charlatan’ is so hard to spell.” – William Bernstein

The word ‘charlatan’ is supposedly derived from the Italian word ciarlare, which means ‘to babble.’

Some of the original charlatans were confidence men who would prey upon people’s misunderstandings about healthcare before modern medicine existed. There used to be traveling medicine shows where the salesperson would make promises of magic elixirs that would heal all wounds. It was only after they had moved on to the next town that people would realize they’d been swindled as these tonics were worthless forms of medicine (this is also where the term snake oil salesman comes from).

A charlatan has also been described as someone who professes to have abilities or expertise that they do not have. The term ‘charlatan’ is perfect for the finance industry because it can attract people pretending — whether they realize it or not — to know more than they actually do.

Speaking of charlatans, here’s a headline I read on Friday that sounds scary:

Normal investors could be excused for seeing a headline like this and running for the hills. It has to be true! He’s a legendary investor!

One of my loyal readers sent me the following this week to put this scary headline into perspective:

2011: 100% Chance of Crisis, Worse Than 2008: Jim Rogers

2012: Jim Rogers: It’s Going To Get Really “Bad After The Next Election”

2013: Jim Rogers Warns: “You Better Run for the Hills!”

2014: JIM ROGERS – Sell Everything & Run For Your Lives

2015: Jim Rogers: “We’re Overdue” for a Stock Market Crash

2016: $68 TRILLION “BIBLICAL CRASH” Dead Ahead? Jim Rogers Issues a DIRE WARNING

2017: THE BOTTOM LINE: Legendary investor Jim Rogers expects the worst crash in our lifetime

If I was named Financial Market Czar one of the first rules I’d institute would be to give every pundit a punch card. You would only get 5 opportunities to call a top or bottom in the markets and every time you made a wrong prediction you’d get a punch. Once all your punches are used up, no more making extreme predictions again.

By all accounts, Rogers is a decent guy. He made a ton of money after founding the Quantum Fund with George Soros in the 1970s and retired in his late-30s to travel the world.

But how is this possibly helpful to anyone?

What is he trying to accomplish?

Why not take a break for a while after the first few crash calls were completely off base?

Sometimes uber-successful people are the worst ones to listen to for advice because they become so overconfident in their abilities. Rogers very well may be a legendary investor but that doesn’t make his crystal ball clearer than anyone else’s.

People who are contrarians for the sake of being a contrarian will read something like this and tell me it’s a sign of a market peak. But this has nothing to do with being bullish or bearish. There’s nothing wrong with expressing an opinion about the markets, be it positive or negative.

I’m not anti-bearish or anti-bullish, I’m anti-charlatan. Making extreme predictions about the markets comes with zero consequences because there are so many pundits these days that most forecasts are quickly forgotten. The only ones people remember are those that are right. So there’s very little risk involved but if you ever happen to be right about a pending market crash you’ll forever be remembered as the person who called it.

A market crash is always a possibility. But using scare tactics to get people out of the markets (or keep them in) isn’t helpful to anyone.

I’m sure there were a lot of investors who were emotionally scarred from the financial crisis. Unfortunately, the crisis also spawned a large number of charlatans to prey upon those emotions. I hope investors are able to better understand that extreme predictions from charlatans — whether they call for a crash every year or tell you one can never happen — provide no useful value.

Further Reading:
Perma-Arguments

Truly a nice read, fx.

At bolded, no further comments.

Interesting
I’ve got my own punch card waiting for Chungking. If fcmb no trade below 1 naira during election you’ll receive physical punch.
I’m waiting for that bonanza oo

OBAGADAFFI:
A market crash is always a possibility. But using scare tactics to get people out of the markets (or keep them in) isn’t helpful to anyone.

I am always angry when i see people do this.

Ironically the-same people will still be in the market after scaring other away.

If you can be scared away, you have no business being in the market. If people no scare you, events go scare you.
The important thing is to have a plan and to keep learning. Even Warren Buffet is still learning. Market is the ultimate teacher Lol

Yayira:
Interesting
I’ve got my own punch card waiting for Chungking. If fcmb no trade below 1 naira during election you’ll receive physical punch.
I’m waiting for that bonanza oo

Fcmb that will sell for 70kobo Lol

...Good morning pals. Its being some time here. I have watched carefully the comments here but my advise is that be brave when others are not. This market will produce wealth for those that understand the Warren Buffett theories. To why i am here: Who observed what I saw few minutes ago. Someone came from no where and mopped over 5,000,000 units of unity bank at around 11:56 am. The order is not captured on biding list. I want to know why. I hope they have not started again! Please who observed this

Oga cornwall, the use of this 'YOU and I' in Nigeria is turning my head; which one is correct

1) He sent flowers to you and I
2) He sent flowers to you and me
3) He sent flowers to you and myself

Everywhere I go I hear construction 1) or am I missing something?

oyesola:
...Good morning pals. Its being some time here. I have watched carefully the comments here but my advise is that be brave when others are not. This market will produce wealth for those that understand the Warren Buffett theories. To why i am here: Who observed what I saw few minutes ago. Someone came from no where and mopped over 5,000,000 units of unity bank at around 11:56 am. The order is not captured on biding list. I want to know why. I hope they have not started again! Please who observed this

it maybe a cross deal.