₦airaland Forum

[img]http://ABC Pictorials[/img]

pumping777:
True o. ABC get flat tire today. Make I start to dey look that side jo.

One thing I noticed sha, many times these stocks dip before the main rally so the insiders can load up. Deap Capital na recent example. Na after them don pack up finish them go come start to dey talk the bonus matter for open.

Abeg make the thing come down make I waka enter instead make I fly in through the window

Yep that's correct but they were psyching up DEAP Capital for TS in preparation for the IPO so i sincerely hope this is  not the same for ABC

windywendy:
@Roughcut, from my analysis of ABC's trading pattern today, it looks like the stock had more buying pressure than selling pressure. Is that the summary of all that grammar wey you speak just now?? _{me no too understand spinning top and japanese}

Make i speak english now; it was a stalemate but because it has now formed in the context of an uptrend as seen by yesterday's pattern it may signal a continuation of what we saw today because it means at some point the sellers will overcome the buyers and the price may  retract further.

What you said would have been correct yesterday

I had to speak the long grammar because i thought it was easier than drawing the picture i think you will find its probably on a weak bid or offer

windywendy:
Watch that bus accident closely, it was a simple fender-bender. And if it wasn't, then we'll be needing to load up some more.

That would be a good idea if the rumours of impending TS are not true. Dont know why it dipped though the rumours of a bonus are very thick in the air

Spitzer:
BTW, the bus had an accident today, is it repairable? Some of the money I did not spend on Dupre was used to board the bus,after I left New York. Am I safe?

Accident ke? it slowed down to pick up more passengers. Na the  real 'agbero' dey inside no be ajebo conductors

Candidly speaking the pattern today is called a spinning top and it means there was a little movement from Open to Closing price and the small shadows above and below the candle's real body indicate that sellers and buyers were struggling and it was a stalemate 1-1 goaless draw

Note that if a spinning top regardless of the colour of the candle forms during an uptrend it could mean there are not many buyers left to push up the price and the price could start sliding.

The spinning top today formed during an uptrend and if you look at the pattern yesterday the  green real body with longer lower shadow means the buyers were able to force the price higher after the sellers had tried to push it lower and therefore the closing price is near to its open price this is yesterday

From the charts today the spinning top formed during an uptrend as i said earlier  so we may begin to see some pull-back from next week. If that happens it means the selling pressure will likely drive the price lower but you need to wait till next week to confirm this.

Sorry don't feel like  doing pictorials i will leave  that to Aktopcandle himself but monday is key and if what i'm implying is confirmed then we have to take a decision one way or another as i dey that bus or is it on the _train?

windywendy:
@Roughcut, you sef go do tatafo for the other place abi   Anyway, I don tell you the thing wey go make me yab you pass for this thread _{hint, hint . . . the alphabets}  

I go 'Gbeborun' for that thread na

As for those alphabets i dey seriously on that case but person suppose dey careful for that one o. I don revise my strategy for that one well well with all these rumours as results don due so i will just give myself a headroom of about a  few weeks after they don release results see where the price is heading before i bail

windywendy:
Hmmm, if na pickin school fees you wan take do cico, make you no venture near my side o, because na serious "talk to the hand" I go give you one time

And going by your performance on the other thread you never fail to deliver

wanaj0:
IF I join tem, na information me need them for. I mean information as per the BUYING opportunities that they have identified!!! Chikena. Dem fit be another NOSPAETCO now

I'm sure they know by now that there's a forum  called Nairaland so they will definitely think twice before rubbing up someone from nairaland the wrong way round  Ha ha ha ha!

The damage that has been inflicted on witchcraft cashcraft professional reputation by n'land campaign will require a spin-doctor to start doing damage-limitation. Hope it doesnt prove to be fatal or terminal

[quote author=Atam-Man link=topic=31554.msg2056356#msg2056356 date=1205505480]Akatopgun, Akatopgun, Akatopgun! How many times wey I call you?
You are not been fair to me at all, two times I don put questions to you and you just ignore like say I be Obj's brother.
Haba na wetin I don? You dey leave the question of the person wey dey work for BR3 post code like you to answer questions from all over the globe.[/quote]As you dey for top of Obudu ranch na im be say he go tey before Aktopcandle answer reach your side o

wanaj0:
Did not do any due dilligence OOO. I have an ulterior motive for doing business with them!!!!

I siad they are not brokers people still dey ask after them. I tire OOOOOOO.

Abeg, I don't want to refer anyoen to AKTOPGUN ooooo

At least you go be the guinea-pig if anything happen we go be the first to know Abi? Na im be say we go start another campaign be dat for n'land this one go hala pass witchcraft cashcraft own

FatherOF2:
E be like na now them dey verify all the 1st Bank certificate when i see for my broker office three weeks ago.
I be dey wonder how long the tin go take before e hammer am.

Obviously it didnt take long!

wanaj0:
I dey shout CAVEAT EMPTOR no one dey listen. Make nobody come ask me question OOOOOOOOOOOO

Me no get any link OOOO. All of una wey dey collect link for Nairaland na OYO you dey OO

At least you don do your due diligence that's all you need to do. Nobody can say you did not add a disclaimer and CAVITY EMPTY so tey water no dey inside again

wanaj0:
@ ALL the contact person cane be found at

ariyowealth@yahoo.com

Say that you want to do portfolio management.

CAVEAT EMPTOR!!!

Thanks a lot and much appreciated should we mention that a prospective client gave us the link? Dont worry your identity is still under wraps
Will just mention that it was a prospective client who gave me the connection

wanaj0:
I am afraid of dropping the name of the company here before arrows will start to fly left right and centre!!!!

Ok hit me e-mail addy is roughcutsilkytouch at yahoo.com

aktopgun:
@pumping


i no look my charts on cutix yesterday. i guess i am paying for it today, was too tired. u are in it for long term abi? i bought last yr so i still sey kampe. roughcut na im clean mouth for this one.

The money stil dey burn hole inside ma mattress and the hole is getting bigger as John Holt come join am. Can you believe the yeye stock still dey rise I no go even talk about COSTAIN!

aktopgun:
@roughcut
looks like we've reached our bottom for niwicable u know

The thing gain today o! so he be like we don pass the bottom

aktopgun:
people are insistant on pulling dunlop down sha, see fight again today. na who go win, bull or bear, very interesting. it is still the bulls for now but only just. unless something happens soon the candle will be red today.

o ye bulls where art thou!!!!!!!!

and the candle is RED. Closed N5.55 from the Opening @ N5.82 and First bank lost N2 today so time for shopping don dey approach quick quick!

aktopgun:
Dunlop opened higher today. GOOD

Ikeja hotels has done 48M in volumes today so i expect another Bullish Marubozu on the charts today

wanaj0:
@ All,

Na wa for Naija OOOO.

Just finished a meeting with a rep of a company (portfolio and fund managers).  I ask them what they do and was told they BUY opportunities. Being hearing abou such but to do I confirmed it.


Well, will go and register with them (or get someone to register) so that I can see the opportunities since it will be listed on my statement and I can now BUY those opportunities myself.

Are they able to buy into these PP's that we keep hearing about?. If that is the case i think i will need to take a flight  down to 'discuss' with them. First we need a secured connection to them. Abi no be so fellow n'landers?

wanaj0:
@ All,

Na wa for Naija OOOO.

Just finished a meeting with a rep of a company (portfolio and fund managers).  I ask them what they do and was told they BUY opportunities. Being hearing abou such but to do I confirmed it.

You fit tell us how we go get contact with this company and are they looking for more clients? At least  i fit send my business partner make him go meet with them

Thanks

wanaj0:
Don't have any because my list is becoming rather too large for my likening!

You  fit dump some of that extra luggage in my cargo hold

I think my portfolio is lean and mean both long-term and CICO combined

300M shares of First bank dealt on the NSE already wa o!. I think this is the much feared selling pressure by the profit takers so i think FBN may shed some more weight. I will be spending this weekend fine-tuning my shopping list.  

Phew! These guys are not joking o!

Dangote Flour dropped by N2 already so profit takers are in full-force. The charts should be very intersting this afternoon

aftadocean:
@Roughcut,

There was no particular reason for selling zenith, the only reason, which you might want to consider if you are keeping it for the longterm is the fact that it looks like a "one man business thing" Ikeja Hotels - I will take your advice on this.

Hmnnnnn  i have heard this argument a lot of times  but if it aint broken don't fix it. Zenith is delivering and will continue to deliver so will see what happens when Uncle Jim retires. Talking of one man riot squad business the same argument will extend to Oceanic bank. Pa Olorogun Michael the Patriach of the illustrious Ibru dynasty founded Oceanic i think and if i'm correct he's retired but the wife is the Chairman/CEO right?

FCMB comes to mind as well it was founded by Otunba Subomi but the son is now the MD/CEO although you don't have it and i don't either but it looks like its business as usual.

The way i see it is this: these business supremos know that somehow they will not be around forever so they must have thought of grooming a successor so that when they finally leave the stage there's someone who is more than capable of assuming the mantle of leadership.

It happens all the time and if they have been priviledged and smart enough to create these business empires i'm sure they should be smart enough to think of CONTINUITY for when the inevitable happens.

wanaj0:
I will clear out of Union Bank, Wema, Fidelity and Ecobank. There is nothing they will deliver that the other banks will not give. Sterling will just be for speculative purposes.

@aftadocean

Agree with wanaj0 but just a quick question why sell Zenith though? I had Zenith around the same time as you i think but that is one of the stocks that will take care of retirement and children's school fees.

Just curious apart from that not sure there's anymore to be done to re-organise the portfolio other than to say when you sell those on the clear-out list add Ikeja hotels to the list.
Its inching towards my long-term portfolio i have been watching it since easimoni alerted us to this stock about 6 months ago and i must say its has not disappointed so far although it hasnt done the wild gyration i expect but no harm done.

It is stable and you can go to sleep on that one!

I will be correct in saying that you built up the portfolio by purchasing on the primary market. Well as you are probably aware a lot of water has passed under the bridge and the goal-posts have been moved. You know now that PO and IPO's now are the biggest jokes on the NSE so much so a lot of peeps are now chronically allergic to public offers my point being you cant rely on the primary market to add to your portfolio anymore!

Since you are a lifer you will need to select your stocks now based on sound fundamentals in the secondary market

Prince11:
@All
First Bank, I was thinking price will still come down a bit when PO buyers start to sell , is that correct?

I think they've started selling already and that's why the candle and stick pattern is showing a red marubozu

Having said that WEMA is still the cheapest banking stock forward PE of ~11.8 but its a damaged brand so they still have a lot of work to do to repair all the dents crash damage

husu:
anybody watching the no of deals and volume of wema bank,looking like there is a turn around.

Them still dey far from the roundabout turn around o! Na peeps wey don get insider info for unaudited  FYE results dey offload/load  the stock as the case may be

FatherOF2:
But some of all these Nigerian companies dey lie oh. How person go make N13m from N1.7billion.

 If i sell N1.7b worth of groundnut for Lagos Island, my profit go pass that one 10times.

Wetin the company dey sell sef?Make we start from the beginning of the beginning

K2:
I guess they are not switching their year end just yet?  A big plus would be if govt has refunded their money from ILL or whatever the name of that failed investment was, coupled with that N250bn war chest, na hin be say I go join Roughcut buy Gulfstream. "We must ride that Ketekete enter Jerusalem" and chase away all the Jebusites. Looks like some folks don run comot as we reach Jericho sha. Don't worry Rahab is on our side.

Ha ha ha ha i no know say K2 don get winch too

He be like you  do rubber neck read my post  before i press the Reply button

debenzd:
@FATHEROF2,

NA MY EYE DEY SEE DOUBLE? 1ST BANK EMD OF YR IS THIS MONTH AND D RSI IS 13.94. MEANING IT IS OVERSOLD.

DAT MEAN AT DIS PRICE NA HELELE WHEN DEM RELEASE RESULTS O!

WHAT DO You THINK?

No your eye no see double at all you see well well my sis

i don check the candle light na correct RED MARUBOZU the thing dey show candidly speaking it means the open price equals the high an dthe close equals the high. In english it means this is a very bearish pattern where the sellers controlled the price from start to finish don't know why they are selling though!
As F02 talk he don land for firing zone.

The thing we confuse me be say the RSI would suggest its OVERSOLD as you rightly observed but its too far below the 30 threshold so it might be bearish for a while which is confirmed by the red MARUBOZU. But on its own a red marubozu signals a continuation of a bearish thread or a reversal so i'm still scratching my head which its going to be.

If you want to make a quick hit-and-run it is perfectly positioned definitely its going to experience an upside but not sure exactly when.

The real action go start near the time when them go release FYE results  around June/July so if the price never go maiduguri before them release results na helele.

This one na the joker in the pack na the ketekete wey we go take enter JERUSALEM triumphantly. The results will be out of this world trust me better now as dey don get Mubadalla Telecomms account.

The results should make the Gunnness book of records without breaking sweat na that one go come separate the Boyz from the Men and the eagles from the chickens

FatherOF2:
But my eye still dey see other things too oh. Na two machine gun i carry for hand now with CIGAR for mouth, i wan start to dey fire some stocks very very soon.

No fire the thing out of range o!

pumping777:
`

Good observation. Thanks for pointing this out.

If you look closer still, you will see that for all the stocks, the opening price today has been set to the closing price from yesterday.

To complicate matters further i checked zenith securities and it had Dunlop as gaining 1K whereas other sites i checked actually showed Dunlop as dropping. Zenith securities was also showing Ikeja Hotels as dropping the price today whereas other sites i checked were showing Ikeja hotels as actually gaining those are the two i can remember on top of my head so dont know which is which!