₦airaland Forum

robobo:
.




thank you boss

u confirmed what i am looking at

which is that a break below 36000 wld b steep (32000) so it wld b better to get out of the market if that happens

as for the 4 weeks break (if 36k is not broken) i think that also speak to the fundamental side (macro economy). i think it shld be more like min of 4 weeks max of 8 weeks which wld tie in with 3rd quarter result / positioning for end year result/ MSCI final decision on Nigeria reclassification/ getting out of recession / and possibly unification of fx rate (if the fuel importation imbroglio can be resolved).

once again thank you i appreciate

@fxuser

double marubozo at the very edge of 36k


hmmmm calls for concern

[quote author=fxuser post=59529642][/quote].




thank you boss

u confirmed what i am looking at

which is that a break below 36000 wld b steep (32000) so it wld b better to get out of the market if that happens

as for the 4 weeks break (if 36k is not broken) i think that also speak to the fundamental side (macro economy). i think it shld be more like min of 4 weeks max of 8 weeks which wld tie in with 3rd quarter result / positioning for end year result/ MSCI final decision on Nigeria reclassification/ getting out of recession / and possibly unification of fx rate (if the fuel importation imbroglio can be resolved).

once again thank you i appreciate

[quote author=fxuser post=59528569][/quote]ok i wld expect

fxuser:
Dealing with a pull back
- prices must retrace , its normal
- a retrace is not a reversal , learn to differentiate
- no likes to see paper profit disappear (don't work ur self up, it happens)
- wen paper profits become paper loss it causes emotional discomfort (deal with it early on)
- if u are hating ur position, reduce it, if u still dont like d position , keep reducing it
- if your plan was to hold forever , den u shud not be looking at prices
- fret not ! pull backs dont go on forever , however they provide great entries
- remain patient

Hello Chief

i guess your above comments speaks to the chart in link below (also by you some few weeks back)

are we to take it that the "retracement" had turn to "reversal" if the 36000 level is broken?

https://tvc-invdn-com.akamaized.net/data/tvc_77eb8632382a8c9d9729dee4fb7b3d16.png

N.B i had not seen anything from the fundamental side (macro economy) which indicates that the drivers of recent rally had failed or is failing, just want to feel what the technical side is indicating

FLAKARIBE:
2006 2.5= cheaper running cost and good hands on @ladipo.
2007 3.2=fuel consumption is more, but remember also except engine size so many other things affect fuel consumption..but not as bad as people would say.
Why I prefer 08 3.2 and above, is that 07 3.2 was it's first intro, and usually if they are bugs/errors are worked on, corrected for subsequent models. But it, s OK too.
Still better msg than v8.
V8 I love, would def own one for travelling interstate...(men of underworld looking for who to chase and rob)

ok chief appr8 ur response

emmanuelewumi:
Amen, the guy increased his holdings when Zenith was between N11 and N15

Guess this is why the spread btw GTB had widened over the last 12 - 18 month

fxuser:
loll
nice
- further pull back expected
- look at the monthly chart , price trading below prev monthly close !
- first time in over 5 months , price unable to break above prev month close
see: https://invst.ly/4rrwv
- i prefer the access chart set up


Dis:
Reduced exposure , taken profits here.

thank you appr8

Thank you

i wld still w8 for d ogas

@ fxuser @ bearbullmkt

kindly help with UBA technicals / charts and interpretation of same

thank you

austinkenneth:
austinkenneth:
Progress in currency liberalization has always happened when Buhari was away.

Now he is away and people are are anticipating that the system has been loosed from its strong moorings (shackles).

Lets all stay put. We may have an Egypt loading. I'm disappointed mainly because the lower the index stays the better for me so that I can load more before the eventual devaluation. But all the same, lets enjoy the ride.

A pullback may happen if the foreign investors are not Ok with the floatation.

But see below what happened in Egypt and judge for your self whether it is not worth it playing this MMM.

Don't come here to say you JOed and missed out.

Egypt

1st Nov. 2016: EGX 30: 8,448
3rd Nov. 2016: Egypt devalues/floats currency
13th Nov. 2016: EGX 30: 10,917
30th Nov. 2016: EGX 30: 11,453
Current EGX 30: 12,934

Being in the market 2 weeks after devaluation/ floatation is key.

This is going to happen here in naija and is going to be the most important event this year.







Hey folks.... Remember the above posts.

It's been awhile. I went away because I felt I shouldn't be watching my assets minute by minute, hour by hour

The Naira has effectively been devalued via the NAFEX window and what do we see.... a ~50% jump in ASI before retreating.

Another Egypt has played itself out here...

I made some money...It was like a very sure thing for me. History always repeats itself.

This prediction has been out here several times this year. Hope a few people picked it up.

Please let us always keep our eyes open on this forum. There is a lot of good info flying around here but sometimes haphazardly. Therefore you need to be able to sift through the noise and get the signal.

I have immensely benefited (in terms of money) from ideas on this forums which I got for free.

Happy investing.

I have no clue as to what the next big thing (strategically) will be going forward.... Anyone that has, please let us all know.

my take is that the full effect of devalaution is yet to be seen (though a larger part of it had already impact the market) until the FX rate is unified (we currently have multiple rate of which nafex is part). so with unification pending there is still room for more upward ASI movement albeit not in previous scale

my fear is that maybe d unification had been done last week when FMDQ started allowing banks to quote NAFEX rate for txn just as the NAFEX window opening in April also came like a thief in the night and we didnt see its full effect until mid May.

mayb expert in d house cld come in here

for skye faithfuls

https://www.proshareng.com/admin/upload/reports/SkyeBankBN.pdf


n.b i have no skin in d game

DeRuggedProf:
Is sugar fermenting

lolllllllll

fermenting indeed

OakPearl:
To get the revalued price based on the over 2 billion shares bought back, I will have to gather data on the exact number of shares cancelled, deduct it from their current SO (36.28bn), and call for their PAT, then redistribute the PAT to the reduced new SO.
This will give me the new EPS from which I can work out the revalued price.

Time is not my friend to do that now, but what I have done is a calculation of the fair value using existing data (pre share buy back) in comparison with the four 1st tier banks and as at Friday 4th August 2017, the fair value of UBA is N11.74.

So for a revalued UBA with over 2 billion shares no more in existence, the fair value can only be higher than N11.74.

NB:
Not a buy or sell recommendation please.
Just fundamental intellectual exercise.
The mkt has a mind of its own.

Thank you Chief



i appreciate your response

wld seek out your take when the half year result is out and i have the latest EPS

fxuser:
Zenith
- market maker is very busy today !

hello chief

hw do u mean?


Jim had been shedding weight all day

tot d role is to act as a floor

or do the MM also sell to create exit door panic type

Mpeace:
This could also mean more fx gains for banks ie from official rate of 306/$ to 366/$. Am I correct?

Good thinking

However in terms of overall stock market impact. i think the news while substantial is not as tectonic shifting as the April opening of the Nafex window.

the next news that cld be as tectonic as that is absolute unification of all fx rates


or Ogas in the house what do u think

DeRuggedProf:
When you put money in a stock, liken it to having ALL your documents in a car 'without a fire extinguisher' (where the only fire extinguisher you can use is the rain which you have no control over both in terms of volume and time) (You don't determine price movement).
If the car suddenly catches fire, what will you instinctively do?
Embark on a futile search (wait) for a fire extinguisher to quench the fire and save your documents or to take out your documents.....

Classical as always

Oga i beg pls dont let all these analogies go to waste

Document Pleaseeeeeeeeeeeeeeeeeeeeeeee

cld give u immortality

N.B Please allow me make the above bracket adjustment

DeRuggedProf:
We are close to PLUTO09's gate....
Never chase an enemy into his territory...

Dang Sugar

fxuser:
i wish boss ! i truly wish
Stanbic may want to pay most of its earnings as interim and test that forex window works
South africa don tire for nyjer wahala loll
heheheehe

u a very correct here

dividend history payment support your assertion

Though full year wld now be abysmal

i dont know how that escaped my radar

DeRuggedProf:
Birds of prey everywhere.
No one wants to blink first...

Hence Thin Volume

fxuser:
Playing musical chairs
- Ucap, Afriprud
- UBA , Access
- Fidson , May&Baker
- Fidelity , Diamond
lollx

#JustObserving

musical indeed

wish Zenith wld play same with GT

but seems Stanbic has taken over as the Dance partner to GT from Zenith

or what do u think?

DeRuggedProf:
If you are conversant with a rice mill area, you will notice that after setting fire on the mountain of chaff during dry season, it keeps burning intensely underneath late into the very heart of the rainy season.
An inexperienced person feels that since it is rainy season the fire has completely quenched, only to step on it and discover later in hospital that help is not always close...

When you start seeing companies like DAAR releasing results on time, know that someone is getting broke and smelling prey....

.



deep quite deep

@ house

wld appr8 if someone can help with the constituents (stocks) of the Pension Fund index

thank you

BullBearMkt:
...@mercylicious234 I want to take exception at your statement above. All my potential entry plans were posted here ahead of taking the trades. When I joined the forum, I even posted my exit points, but I later tot different people have different profit or loss targets, that is why I stopped given profit or loss target. My philosophy of life is that "the sky is too wide for birds to freely fly without hindering one another" - which may be different from your own perspective of things.

As posted earlier today on Dangote Sugar, if price comes to the highlighted area, on Monday or Tuesday this week, by His grace, I'll be in except my order is not triggered.

#PRACTICE WHAT YOU PREACH

Broda u nailed it perfectly

abt 7b pple in the world. if we are all propelled up to touch the sky at the same time we would all leave our ten fingers as a print on the sky and there would still be the size of the Pacific ocean left untouched.

what drive humans are base thinking (which u term as perspective). our decision and actions are derivatives of our perspective.

i believe the opportunities out there is so vast (and inexhaustible) that i dont need to pull anybody down (or deny them of their share) to achieve mine.

fxuser:
UBA
Weekly chart
https://invst.ly/4mxly

Zenith
Weekly chart
https://invst.ly/4mxng


Both:
Weekly RSI in oversold levels . Great



Both closing above 2014 highs on d weekly
Watch Opening price above that weekly close
Just sit tight
Both always pay dividend

Dis:
Have both , very heavy in Zenith.

Thank my Oga i appr8

robobo:
@ Oga Fxuser @ oga bulbearmkt

kindly help with the weekly chart (as at today close of week) for

UBA

ZENITH

NSE


thank you

My Oga (Fxuser and BullbearMkt) i wld appr8 ur help as per above

thank you

@ Oga Fxuser @ oga bulbearmkt

kindly help with the weekly chart (as at today close of week) for

UBA

ZENITH

NSE


thank you

DeRuggedProf:
My opinion: The result may not change at the end,Oando will still get it, but wheels will get oiled in the senate.

.

without encouraging corruption, i entirely agree with u on this

the senate is only acting as a road block so that they can get their "perceive" share of the cake

locodemy:
A child who does not listen to his fathers advice regrets when the father is dead.
There are few people here we should not neglect their advice.
We shall see if we have a fake rally now or not sooner than later.
Hold your cash and wait until all results are released and start taking position from sept but una no dey gree with me.
Those of you with Afriprud,hold it tight but i will come and join you guys at 3.00.

.

Their is nothing fake about this rally

sixteen str8 days gain is quite phenomenal by all standard.

The rally could also stop tomorrow (as guided by minor resistance arnd ASI 38140 as stated by some Oga in the morning. N.B we are still at 37133). That would not necessarily make it fake but wld just be obeying the normal market cycle of a pullback which would always come at a point in time

except you are saying the rally is fake because u a not in it.

zendi:
Oando has better hedging deal than Seplat,
but nobody knows what bermuda triangle swallows all the money.

lolllllllllllllllllllllllllllllllllllllllllllllllllllllllllll

ol boy u no go kill person oooooooooooooooooooo

na real bermuda triangle

mayb dat is y oando registered a subsidiary in the bermuda (as reportred by sahara some moons ago).

so that the profits can be well swallowed

lollllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll

BullBearMkt:
...my style of entering of trade is not to pursue price making new highs, I would rather wait till it comes to the value zone on daily while the weekly is still actively bullish

.

Thank you

BullBearMkt:
...thanks boss, you've nailed it all! Expected "minor" resistance is close 38,140. Technically, momentum is in favour of Daily, Weekly and Monthly NSE data, so there is high probability of further upside.

Oga Fxuser

thank you appr8