yok:
NIGERIA STOCK MARKET GENERAL COMMENT/MSCI NIGERIA PORTFOLIO MOVEMENT - AS AT 21 NOVEMBER 2018

MSCI portfolio is on long tern holiday. There has been no movement on the portfolio since 2nd October 2018.

Our main business for today is how to quantify opportunities in the market using best indicators available and keeping it simple as much as possible. I respect Jim Dalton (market profile indicator) so much when he confirmed that the retail investor are the losers in the market and will continue to be losers for the fact that many of them don't have the expertise to make it in the market. The market is so much tilted against them that before they even drop any money in the market their probability of making any gain is about 30% only (do you now see why you are losing money). One of the reason is that the retail investors has failed to master what is essential for winning in the market, we like sweet stories (did I hear Fugger, Buffet, Value investing, News etc!!! continue).

An essential element of what we need knowing is how to quantify our tools for the market and be totally methodical in our approach. We run away from this, as it is too much work. The holidays afforded me the opportunity to do what I have not been able to do for decades, scanned all the major stocks in the market [/b]to see those worth looking at and then quantify my result. To my surprise I was only able to come out with few equities, for this week that I can see good opportunities in “May and Baker, Fidelity and Nacho”. One of these days I may show our worksheet for this type of scan.

[b]For Wednesday 21 October 2018 expected High is 32,290.59 low at 32,090.03

I am still relaxing with my Nahco trade, loss position as at Monday was 5.2%.

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. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).

N:B


1. 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 doubts the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

2. The fund will still hold some equity, the terms of service states this. Thus no matter the condition of the market, it will not liquidate to Zero. This is an equity fund investing in the Nigeria market.

3. You cannot bear losses like the fund. The pocket of the fund is too deep. Therefore, as an individual you are not suppose to be in the market during the stock market crash. Before or during the crash, reduce your holding.

If you are seeing this type of data on MSCI for the first time. You may need to verify the figures. Go to my previous posts (https://www.nairaland.com/yok/posts), you will see the various sources where the data can be verified.

kolaish:
This could be useful for some newbies in the house. Please note that it is just an analysis of selected stocks (cheapest according to PE) to guide your investment decisions.

deepsuk:
no b my pic o
na american babe dey enter town wey i get contact for deep contact for those wiling to make d investment

Mcy56:
The person that says he wanted to buy Oando today, offer don dey full ground o.
You saw cross deals wan come jump in, whether the person dey run or not you no know.

Mcy56:
The person that says he wanted to buy Oando today, offer don dey full ground o.
You saw cross deals wan come jump in, whether the person dey run or not you no know.

Mpeace:
FCMB result this week. Hmmm breeze go blow this week oh.

Jejebabaa:

How much is it trading now pls?

Mpeace:
1.51

Jejebabaa:
OK, thanks sir. We hope the result can send it to 1.01

Jejebabaa:

OK, thanks sir. We hope the result can send it to 1.01

Mpeace:
58million units today. Lol. Classmate na u dey buy?

Mpeace:
Chai, if only I knew I for no show this guy the price lol.
But sterling bank with eps of .28k in q3 is not selling at N1.01. why should fcmb with better eps do so. Mind u they both have good mart. makers

Jejebabaa:

Isso rite, kontinu. You are still talking of fundamentals considering all the looming challenges the economy might be facing. This election fever, other global markets and oil price issue na serious matter to watch out for. I am trying to moderate my expectations. Fcmbnow constitutes 36% of my portfolio with average cost price of 1.57, though waiting to cut loss if it gets to 1.45 before the end of the year.

Jejebabaa:

Isso rite, kontinu. You are still talking of fundamentals considering all the looming challenges the economy might be facing. This election fever, other global markets and oil price issue na serious matter to watch out for. I am trying to moderate my expectations. Fcmbnow constitutes 36% of my portfolio with average cost price of 1.57, though waiting to cut loss if it gets to 1.45 before the end of the year.

mendes911:


When Baba releases his millions of units at N1.45, that will send the price to 80k. I dobale sir.

Mpeace:
fcmb is going back to N2. U need not bother ursef. The economy is not going bad. Oil will certainly rise again by december(already 2% up today) inflation is falling. Fx reserve is no longer falling as previous months, its only a matter of time before it starts rising again.

Godlylifeoneart:

There will be no global crash until the DOW reaches 50,000
Mark my quote

yom2:
and may I know d cause of all these global economic uncertainties and pandemonium? is it a meteorite from heaven? or trump? or the Chinese ?

Mpeace:
FCMB result this week. Hmmm breeze go blow this week oh.

Mpeace:
fcmb is going back to N2. U need not bother ursef. The economy is not going bad. Oil will certainly rise again by december(already 2% up today) inflation is falling. Fx reserve is no longer falling as previous months, its only a matter of time before it starts rising again.

pluto09:




Don't be too sure of what oil will do. It is better to keep an open mind an have a plan in place for any eventuality.

My own focus is on oil price as I see other factors that have been mentioned here as noise.
If oil should enter into bear territory, na bye bye to NSE for me.....

Agbalowomeri:


My Oga which bear you dey wait for again? From 85 to less than 65; already around 25%

bigjay01:
@house

is it a usual practice for registrars to request for BVNs before setting up eDiv?
For someone who is offshore and hears all sorts of fraud stories that touch ...

The registrar in question is Cardinal Stone

fxuser:



TA for diamond is falling pattern , better falling knife sef , below all MA's and at -40% MTD ! ! #bearish
TA is always pure , how d chartist interprets and reacts is where we all differ ! Same goes for FA .

fxuser:
FCMB
- uninspiring close to a positive week after many weeks