₦airaland Forum

This is good a one for longterm accumulation @ current price level stricly for speculation to N10

Marlianvestor:
Singing...

See me see trouble
Am I a yahoo boy?
E ra mi egba mi o
Shey mo jo omo yahoo.....

Seriously, Oando has offended the gods of NSE - a fallout from the ex. SEC DG brouhaha etc, if not the stock should be in double digit by now, when you consider their improving operational performance, additional revenue stream from LNG etc. These are enough catalysts to push Oando over N10 easily (Remember Oando pre. ConocoPhillips, one of the best non-banking stock with serious momentum to make money easily). But not any, serious negative mkt bias amongst the main mkt participants. They really need to appease these gods of NSE for them to start pushing the stock, reflexivity wise

Mcy56:
Access: 10.35 now.......
Those that rushed to sell are rushing back to buy again

That's NSE for you.

BAMOFIN1:
Dear Marlianvestor, can you please explain this 'cycle repeating' style in more details. If it is not too much trouble, please use real time figures from any company to illustrate so that those of us interested in momentum trading can understand the concept and apply it. Thanks in advance

Just leverage on both support and overhead resistance level of such stock using its daily volume level to know when to position and exit. Eg Zenith Bank was bouncing along the bottoms for a while last nov/dec 18 circa, with volume rising re. typical Xmas/Yr End rally, I entered the stock 18.30 and exited nicely b4 the anticipated overhead resistance @ 22. Hoping to JIJO again, once the price consolidation is over or better still sub N20.... all before the release its FY results.

Mcy56:
Access: 10.35 now.......
Those that rushed to sell are rushing back to buy again

NSE website is also down. Has been down since yesterday.
Are you sure this is not cached data?

Kindly be informed that there is a technical glitch from the NSE server and as a result of this, our ITRADE Platform is not connecting.

We are currently following up with them regarding this glitch as all hands are on deck to get it up and running as soon as possible.

Please bear with us.

Regards,

MorganCapital Securities Limited

bigjay01:
NSE website is also down. Has been down since yesterday.
Are you sure this is not cached data?

bigjay01:
NSE website is also down. Has been down since yesterday.
Are you sure this is not cached data?

No sir. It's live.
Not audio trading. Maybe today is NSE nationwide day and trading is meant strictly for their wokers. Lol.

Access is back to 10.15...........
UBA 8.50...............
Zenith............still maintained its 22.........
Wapco.....................no change in price yet..........still 16.80
GTB.............32.35 now from 32.20 *updated*

Low volume across board........

emmanuelewumi:
There is so much liquidity in the system, yesterday's FG bond auction was oversubscribed by 300%, rates also went down


DMO needed N155 billion but ended up having N623 billion.

The excess fund must find its way into equity, I pity those who are currently out of the market.

Although staying out of the market and keeping your money under the mattress is also a strategy.

Just wondering why the equity market, being a forward-looking/discounting mechanism, hasn't really discounted this... With the declining yield in the money market, one would have thought the stock market should be on consistent broader mkt bullish run, but nope.... The bullish run so far has been tepid. Investors are now very savvy, all waiting for the release of FY2019/Q1 FY2020 results to really see the impact of the slow growth of the economy on companies' earnings and growth potential if any, besides no FPI money or free govt money anymore to oil the anticipated rally. Other snag - Potential naira devaluation even though Emperor @CBN has provided us with a forward guidance re. Oil Price Indexing. Also, anti-business posturing of PMB, another factor

Personally, Intermittent short bursts of bullish run expected Q1, different ball game after esp if flat or declining earnings across board....

Marlianvestor:
Just wondering why the equity market, being a forward-looking/discounting mechanism, hasn't really discounted this... With the declining yield in the money market, one would have thought the stock market should be on consistent broader mkt bullish run, but nope.... The bullish run so far has been tepid. Investors are now very savvy, all waiting for the release of FY2019/Q1 FY2020 results to really see the impact of the slow growth of the economy on companies' earnings and growth potential if any, besides no FPI money or free govt money anymore to oil the anticipated rally. Other snag - Potential naira devaluation even though Emperor @CBN has provided us with a forward guidance re. Oil Price Indexing. Also, anti-business posturing of PMB, another factor

Personally, Intermittent short bursts of bullish run expected Q1, different ball game after esp if flat or declining earnings across board....

Is the owner of this moniker same as the owner of MonkeyHunter?

Can anyone else access http://www.nse.com.ng/market-data/trading-statistics ?

bigjay01:
Can anyone else access http://www.nse.com.ng/market-data/trading-statistics ?

Oga you can change browser. I'm currently using google chrome to access it.

bigjay01:
Can anyone else access http://www.nse.com.ng/market-data/trading-statistics ?

Yes

However it seems something is out of order.

bigjay01:
Can anyone else access http://www.nse.com.ng/market-data/trading-statistics ?

Yes, they have resolved the problem.

Because I got the information from them earlier
"Kindly be informed that there is a technical glitch from the NSE server and as a result of this, our ITRADE Platform is not connecting.
We are currently following up with them regarding this glitch as all hands are on deck to get it up and running as soon as possible.
Please bear with us.
Regards,
MorganCapital Securities Limited"

Someone asked how Seplat can appreciate in price sometimes ago. Maybe he/she was looking at 100k block as much.
Seplat has appreciated in price by N12 and is N600 now with 8.78M traded so far.

Moral of the story: Big caps will move at their appropriate time.

Mcy56:
Someone asked how Seplat can appreciate in price sometimes ago. Maybe he/she was looking at 100k block as much.
Seplat has appreciated in price by N12 and is N600 now with 8.78M traded so far.

Moral of the story: Big caps will move at their appropriate time.

The secret in trading Seplat lies in the London Stock Exchange. Once the price moves there there, watch the price on NSE.... it'll usually moves in tandem after a couple of days, if not immediately.

735i:
The secret in trading Seplat lies in the London Stock Exchange. Once the price moves there there, watch the price on NSE.... it'll usually moves in tandem after a couple of days, if not immediately.

i have no access to trading engine, no access to nse.com.ng
make i carry my money go put under mattress na

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https://businesspost.ng/economy/brent-sheds-over-2-as-oil-market-faces-oversupply/

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NSE back?

Agbalowomeri:
Is the owner of this moniker same as the owner of MonkeyHunter?

No o! I'm frosh! Besides I'm not a hunter of monkeys

bigjay01:
i have no access to trading engine, no access to nse.com.ng
make i carry my money go put under mattress na

...and the CEO of the NSE is in Davos, forming relevance whilst the said platform is busy promoting over there re. Intra-African Trade Execution is messing up BTW, why is the Chief Mkting Officer of Nigeria inc, PMB not at Davos?

bigjay01:
Wetin dey there?

I wrote down 850k in Bank PHB. E no kill me, all na part of my school fees.

Oga Bigjay, my school fees in Transcorp and updc plc still de in my portfolio to teach my children and grand children that stocks is not always about profit takings, also there is LOSS TAKINGS. ...

sellydion:
This is good a one for longterm accumulation @ current price level stricly for speculation to N10

Oando's time would come again. NSE na turn by turn! Watching out for change in sentiments or mkt bias to align with its improving fundamentals

ukay2:
Oga Bigjay, my school fees in Transcorp and updc plc still de in my portfolio to teach my children and grand children that stocks is not always about profit takings, also there is LOSS TAKINGS. ...

Bank PHB was only one of them!
Others dead ones still de show for my portomanto (portmanteau)

veecovee:
NSE back?

I dont think so

@Mcy56

as trading engine is down, we need live updates abeg

bigjay01:
@Mcy56
as trading engine is down, we need live updates abeg

How come? CSL is live. anyways lemme help with update.
Access @ 10.05 GTB @ 32.20 UBA @ 8.50 WAPCO @ 17 ZENITH @22.
make una no rush me oo.

bigjay01:
@Mcy56

as trading engine is down, we need live updates abeg

Men in black are doing what they know how to do work...

nna777:
How come? CSL is live. anyways lemme help with update.

Access @ 10.05
GTB @ 32.20
UBA @ 8.50
WAPCO @ 17
ZENITH @22.

make una no rush me oo.

are these not yesterday's prices?

bigjay01:
are these not yesterday's prices?

No Sir. City Trade is live.
Update WAPCO @ 17.20
UBA @8.65

bigjay01:
Can anyone else access http://www.nse.com.ng/market-data/trading-statistics ?

Nsem sent me a mail to the that their portal is having a problem right now, which inter-alia affects buy and sell

nna777:
How come? CSL is live. anyways lemme help with update.

Access @ 10.05
GTB @ 32.20
UBA @ 8.50
WAPCO @ 17
ZENITH @22.

make una no rush me oo.

Final Update

ACCESS @ 10.35

GTB @ 32.10

UBA @ 8.65

WAPCO @ 17.20

ZENITH @ 22.

DANCEMENT up #2.40k

BUACEMENT up 0.80k

UACN @ 10.50.


ETI @7.60.

a don try.

735i:
The secret in trading Seplat lies in the London Stock Exchange. Once the price moves there there, watch the price on NSE.... it'll usually moves in tandem after a couple of days, if not immediately.

Yes to prevent arbitragers from profiting from the UK rally ....

nna777:
Final Update

ACCESS @ 10.35

GTB @ 32.10

UBA @ 8.65

WAPCO @ 17.20

ZENITH @ 22.

DANCEMENT up #2.40k

BUACEMENT up 0.80k

UACN @ 10.50.


ETI @7.60.

a don try.

Na lie. We no go gree o. We no go gree. Wasn’t the platform down almost 90% of the trading time?

Make I deal with Oscar