NSE ASI NEEDS MORE ENERGY TO KEEP THE RALLY GOING...
The past 3 trading days rally is a big relief to investor and traders alike but there is a little concern. The concern is simply that the price has been going up with little energy!

ENERGY? "Does Stock Market also need energy?", someone once asked me. YES, stock markets and indeed all financial markets need "energy" to rise or decline else they will "faint" in the process.

In the case of stock market, the energy needed is the Volume. With high volume, the task of price rally will be easy to accomplish and few times price declining also need high volume for price to fall quickly.

Looking at the last 3 trading days bull, NSE ASI volume is relatively low. We thereby need to see volume increase in order to sustain price rally and "overcome" previous highs.

Wishing you all a GREENER day in your portfolio!

Coolcash1:


It's a flash bull... however, I have carried my money enter M&B at 2.74 and FBNh at 6.15...with this, i am doing a little above 7% on the former and a -3% on the latter due to fees...all the best with your Unity bank...

I have already taken my first batch of profit. Let me see what today will look like.

How were you able to time the entry point for M&B

fxuser:
Zenith
- needs to close the gap with snr. gt

@fxuser. Lol. It will get there. They have significant exposure to Etisalat debt. We'll see how that will play out if there is no bail-out of some sort.

BullBearMkt:
NSE ASI NEEDS MORE ENERGY TO KEEP THE RALLY GOING...

index still resting . .

leo1234:

I have already taken my first batch of profit. Let me see what today will look like.

How were you able to time the entry point for M&B

Concerning the bolded, its a matter of watching the volume...I saw the massive mopping up at that price and I quickly jumped into the bus..Also, I recalled someone using TA (not bullbearmkt or fxuser) putting the support price at N2.74 or so.

Somebody pls help me in this calculation. I bought 900,000 units of fcmb at N1.22, yesterday through Morgan, and their system charged me around N3,500 but I was shocked to notice extra deduction of more than N4,000 from my account at the end of the day. I don't used to check this, i notice it cause the amount I wanted to withdraw out of their system yesterday couldn't go through. Pls how much should be the total debit, for buying 900,000 units at N1.22

veecovee:
Somebody pls help me in this calculation. I bought 900,000 units of fcmb at N1.22, yesterday through Morgan, and their system charged me around N3,500 but I was shocked to notice extra deduction of more than N4,000 from my account at the end of the day. I don't used to check this, i notice it cause the amount I wanted to withdraw out of their system yesterday couldn't go through. Pls how much should be the total debit, for buying 900,000 units at N1.22

...from my calculation, you should be charged N6,866.70.

BullBearMkt:

...from my calculation, you should be charged N6,866.70.

do you use Morgan?

veecovee:
do you use Morgan?

...yes I do

BullBearMkt:

...yes I do

thks, you are correct, but how did you calculate it?

veecovee:
thks, you are correct, but how did you calculate it?

...their interest charge is 0.625% of the total amount of shares purchased + 4.2.

veecovee:
thks, you are correct, but how did you calculate it?

If you don't know how BullBearMkt did the calculation, how did you get insight that he's correct? Spiritual Insight?

mendes911:


If you don't know how BullBearMkt did the calculation, how did you get insight that he's correct? Spiritual Insight?

the amount he said, was the corect amount morgan charged me...that's what mean

veecovee:
Somebody pls help me in this calculation. I bought 900,000 units of. fcmb at N1.22, yesterday through Morgan, and their system charged me around N3,500 but I was shocked to notice extra deduction of more than N4,000 from my account at the end of the day. I don't used to check this, i notice it cause the amount I wanted to withdraw out of their system yesterday couldn't go through. Pls how much should be the total debit, for buying 900,000 units at N1.22

thank you for reminding me that im broke....

BullBearMkt:

...from my calculation, you should be charged N6,866.70.

how much are they supposed to charge me for sailing the same number of units

veecovee:
how much are they supposed to charge me for sailing the same number of units

...I hope you mean selling the same amount of unit? Selling interest is 0.925% of the selling amount + 4.2

BullBearMkt:

...I hope you mean selling the same amount of unit? Selling interest is 0.925% of the selling amount + 4.2

@bullbearmkt, i notice that anytime you post you must shine your teeth...What inform this?

Coolcash1:


@bullbearmkt, i notice that anytime you post you must shine your teeth...What inform this?

...lol!!!
its just to amuse myself. I'm enjoying every bit. Cheers.

bolabiyi:
thank you for reminding me that im broke....

chaiii! But some people trade with hundred of milins, while others billions. Well, all fingers are not equal, may God provide for each of us according to His will.

BullBearMkt:

...I hope you mean selling the same amount of unit? Selling interest is 0.925% of the selling amount + 4.2

I need the figure

bolabiyi:
thank you for reminding me that im broke....

here we go
#premkt

veecovee:
I need the figure

...you must know how much you intend to sell it. For ex, assuming you are selling at N2 , then interest will be
= (2 x 900,000 x (0.925/100)) + 4.2 = 7,83016,654
Let me know if you understand this

I'm looking for a sound fairly used Dumper Truck like the one below.

My budget is N5million. Interested sellers should inbox me.

The guy above you are blocking space pls take to appropriate section

BullBearMkt:

...you must know how much you intend to sell it. For ex, assuming you are selling at N2 , then interest will be
= (2 x 900,000 x (0.925/100)) + 4.2 = 7,830
Let me know if you understand this

God bless u

is this N4,200 charged on every sale or purchase?

veecovee:
God bless u

...Amen Pastor!

Morgan capital. They have gone again like NEPA.