₦airaland Forum

crazyT:
Hi guys, I learnt from you all how important it is to teach your children about trading in stocks at an early age.

So I am planning to call my boys (11 and 8 years respectively) to a round table discussion today about stock market.
Can any one of you help a brother with tips on how to explain stock market to kids?

The idea just hit me now after calculating how much we spend for their birthday presents just last week (about 1200 Euro) The bithday parties (both at home and schools not included) so I was planning to use that as an example and show they what would have happen to the same money had it been it was invested in Capoil or any of the penny stocks.

Or am I going too far

SGN:
@All

GT Bank Result. someone mentioned they can still make 21Bn full year PAT on this thread. Given they made 11 point something bn so far how are they going to make another 11bn only in the last quarter of the year? I don't think Banking business is such seasonal for such performance. And I seriously think if they do make 21bn eventually, one needs to look beyond the surface.

Anyone one agree? 21bn Full Year PAT possible?

FatherOF2:
You see it puts a lot in perspective.
Have you used the price history?
Have you used the closure date section?.

FatherOF2:
@ All

  I would like to ask one question,
How many people on this forum really visit this site:   www.cscsnigerialtd.com
Its very important oh.Its a rich place oh.

easimoni:
Correct guy!
Too late! But the other 2 "7s" still dey there. Anyway money don (nearly) finish.

silent buyer

CHO:
Guys
i checked on Intenegins and could not find their name in all the site result sheet for the day what's up. do anybody know why they are not mentioned today?

yodiyokun:
What 1 hour -- when some sites have already published the day's closing prices.

yodiyokun:
Easimoni,

You never sleep .

I need clarification - I have looked at cashcraft and FSDh - they only record the high, low and closing prices

no opening prices-- can I still chart RSI based on these alone or what can I do?

grabdaloot:
to pumping,

about your question if you should cash out that kind of money to go trading  in Nigeria. You could make a kill and on the other hand you could end up in a pyscratic ward. Volumes moves the market take a stock for AGLEVENT the highest trade this year is on a single day is 1.7m units the lower limit of its intrinsic value is N6.50 while the upper is about N9 but it is all dependent on the performance of the company now knowing this you decide to place an order for about 100m units what do you think will happen. You would have tilted the market. The wise ones acquire over a period of time and then place this kind of order on daily basis mopping up the excess. Then when band-wagon effect has caught on they offload the ones the had bought earlier. This ploy was used on AFROIL, IPWA etc and believe me boys have cleaned out. If you want to do legitimat trading with that kind of money, I would think that only the banking sector can afford to move volumes without raising much of an eyebrow anyway let me not bore you guys too much

oshkosh:
I have used considerable credit in both the UK and US, but have found the Nigerian credit more appealing, because it makes me sleep better at night, high interest rates notwithstanding.  Anywhere I invest, I try to keep the asset/liabilities as local as posible to avoid risk cross-overs.

Take a simple scanario. Managed to invest 18M of credit in Access bank 2-3 weeks ago. Sold 1 week later with a 1M profit. Bought it back at N3.3  less few days later. Now approx 5% growth. Do I care if I'm paying 1% to the bank? Not really. At least no-one is asking for a £800 monthly charge for credit on credit card in the UK.  Many of these opportunities abound in the NSE. The Nigerian market is a growth market. As long as the stocks selected are of fundamentally sound companies, worst that can happen is that it'll take a little longer to materialize if an expected pattern unravels.

FatherOF2:
No oh my brother,no be me.Dem still dey around.LISTENING AND READING QUIETLY.
The institutional investors really are the ones doing all the magic on the floor.

but you follow join

yodiyokun:
Cool it down ooo!!.

I did not say 1 bank - did I? Remember when you are married and both are working is another ball game from single person ooo.

An average person I have met since my short time here has as many as 3-5 credit cards

at least 1 amex, 1 mastercard and 1 Visa.

Then there is line of credit and you can have unsecured line of credit as much as 100k - depends on your relationship with your bank and whether you have other investment vehicles with them

When you combine all the credit limits of both partners and line of credit - bam -----

Remember - the key word established. I have learnt that everything is strategy.

I have also met people here that have lived here for 3 years without a credit history - they do not understand what other peoples money can do? They are afraid of credit card spending and interest.They just allow their savings of 20k lie in the bank for nothing

I only buy what I want to buy - no temptation can catch me as far as I know the purpose for me having credit - chikena.

Except you have a credit history Bank no send you!.

FatherOF2:
I think this guy pumping has his body in the US and his soul in the NSE.
You're studying the NSE book on your own and getting it.
I heard you say you were lurking for beta glass the other day.I laughed.If you had struck on the Thursday/friday days i told you about,you would have been 10% richer today.Now look two weeks back from 7th when Beta glass hit its last low,it was a friday again.Now this is were volume (trading wise comes in for me).Its RISKY though but forget that i've talked about 25% many a time.I usually use N6m or a little less to get 10% in one week and after my broker commission,i end up with N360,000 in 1 week.
@Windywendy

I'm really impressed with your bravery oh for a lady.You're my second sister after yodiyokun.
NSE has habits and these old habits just don't stop.We human beings behave continuosly in particular ways and patterns by which we can be easily identified.
I'll explain some things later in future sessions.Examples will pop up.

ckenneths:
@windy wendy and all, I am still begging to perch with you people for this great forum. I only hope una go accept me here. As for SMN, I will still retain an active presence there, I love those people there.

I am loyal to you all, fro easimoni to frankiriri to pumping777 to father of 2 to everybody.

windywendy:
Ah Pumping, did you say "was"? Abeg don't give up on long term investing oh. That's where the real money is _{my opinion though}. Abi how many of the forbes 400 billionaires are short term investors? At least we know that the #2 on the list is a long term investor 

yodiyokun:
@Easimoni ,

For those established here - some have as much as 500K USD available to them on credit - this is unsecured oo.

When some banks will just keep upping your limit every 3 months. All this oyinbo they want people to eat gbese till they quench.

ckenneths:
For me charts give me headaches, I have always been a student of the 'common sense' approach to investing, and trading, I don't want to make the type of issue I had while arguing in a thread in stockmarketnigeriam
.Com, called investing vs trading. And please
don't give me a loan to trade stocks even without charging me interest, I am better making mistakes and learning from it all with my own cash.

yodiyokun:
I have a problem with this ! it can be argued either way - high volume traded could mean many people are selling - because they want to take profit or people ar ebuying because its a good price to enter.

Can we say the turn of the volume treand could mean a reversal in the current price trend? is this the case

Volumes requested is diferent from the volume actually traded. - Please explain how all this works!

windywendy:
Who says you can't do both? _{trading and investing that is}

windywendy:
With access to cheap funds here in the States (which I presume you reside), margin trading can be VEEEERRRYYY rewarding. You might want to give it a thought . . .

windywendy:
Hmmm, can you explain that further _{could perhaps be another addition to my chest of strategies}  

ckenneths:
@yodiyokun, volume is everything in the stock market. Some trend watchers pay very firm attention to volume as this has a big story to tell about the availability or otherwise of any particular stock. High volumes suggest availability while low volumes suggest scarcity.
Also a stock that is sparsely available will experience scarcity immediately large volumes are requested. Some traders love this a lot. Used it myself immediately I found out the number of shares that Nig german has. I saw that only about 30 mil units will form the basis for availability since others are held by top directors and institutions.
Hope this helps.

windywendy:
My thoughts EXACTLY!

ckenneths:
I sometimes refuse to analyse stocks properly, not because am not am engineer (hehehe) but because too much analyses will bring about a disease in investing called analysis-paralisis!
The syptoms of the disease includes forgetting vital facts about a stock, being too scared to buy any stock, forgetting to take your bath before going to bed.Note also that am not a medical doctor, but I can diagnose most investment diseases. (Laughs)

shigidi:
@ yudiyokun,
just thought id let you know i still have not received up my UBA certificate.
by the way, on costain, i think they plan that huge profit in 09 cause they already have jobs on ground, in construction, money is never paid on time, maybe that is what they are looking at, jobs should be completed by them thus increasing their bottom line, the offer should be good till then but i don't know after that!!!this sector is unpredictable unless you are in julius berger.

Naijadr:
easimoni abeg would it be too much to ask you for your volume file you are using that your coworker gave you. I've been doing a lot of copying and paste from fsdh securities, but even for 1 company, its taking me forever to assemble my table <symbol>,<name>,<Date>,<Open>,<High>,<Low>,<Close>,<Volume>

another alternative is to start from today with cashcraft as they provide that everyday, wish the had it available in their database all in same file, where its just copying and pasting once, not in random bits.
I've a 2 wk info for NIG-GERMAN that I fed into couple TA softwares I found on web, had equation in excel initially but omo I study medicine no be engineering so once I found the software that does it ALL (RSI, MACD, Wilder's DMI etc), fashied equation.

Talktrue:
Abeg help me talk am.

The market is so dull these days one is tempted to sleep on a bicycle, but anyway "where your money day na there your heart go dey too".

@ all
specially pumping (Data master)
I have the outstanding shares of ABC as 1.1 bn any one with contrary view,
also can anyone supply me with the quarterly result of ABC for last year please

thanks

MyPeace:
thank you, but could see NSE today to click on that page