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Re: Nigerian Stock Exchange Market Pick Alerts by Parisfran(f): 9:07am On Feb 12, 2017 |
fxuser: I am a big admirer to your work but sadly I don't agree with you. Egypt is not better off because of the float. Taking a look at the article. Yes, foreign investors came in and bought tbills. The EGX 30 has surged 55 percent Loans and aids from imf and foreign governments increased But on the other hand all the above doesn't do anything for the average Egyptian. Leave foreign media to portray themselves as the saviour of the world From same article. They floated the EGP and it hit 18/usd. However since float the thing has not fallen instead expected to rally about 7 percent. Inflation rose fast to 25.86percent. Showing no signs of recovery. Putting pressure on households which are generally on the poverty line. Non-Oil business has refused to show any growth instead it is contracting. IMF pointed this as what will lift the country out of its recession, the same IMF that gave them 12billion dollars loan o. Now the miracle sector has since refused to pick up. Honestly, I don't agree the float is the solution to our problem as the common Egyptian man has since realised and you can check their own media for proof of how bad some things have gone. The solution to our problem is to do what the Asian Tigers did. Already from the brexit and trump's election, you will see that western governments are now thinking more of Me against others. They are cutting ties and reducing allegiances but western media wants us to believe they want to dash us aid. Drops Mic. 9 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:18pm On Feb 12, 2017 |
Parisfran: Nice one. I'm very neutral on both perspectives. I hold no strong views on what will work or not. I simply adjust to realities as they occur and change. If the economy for some reason decides to float , i will adjust my books to be slightly bullish. (PLS i don't mean float is d answer) If the economy maintains stauts quo , i will stay on the side of caution (the index is proof of the bleeding) If they try some things else like ''Asia Tiger model'' , we would adjust our expectations accordingly Our common goal here is to make good returns on investment , reduce risk and trade better for the long run. For more on Egypt: Egyptian pound strengthens as foreign investors return http://af.reuters.com/article/egyptNews/idAFL5N1FU68H Egypt's fuel subsidy bill jumps after currency float http://af.reuters.com/article/egyptNews/idAFC6N1BK020 Remittances from expatriate Egyptians rise after pound float http://af.reuters.com/article/egyptNews/idAFL5N1FR4EO Egypt's foreign currency inflows rise, investors still need reassurance http://af.reuters.com/article/egyptNews/idAFL5N1FM576 |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:22pm On Feb 12, 2017 |
When Investing With Numbers Makes Lot Of Sense Link: https://trwstockbrokers./2017/02/09/when-investing-with-numbers-makes-lot-of-sense/ '' . . The index on daily time frame has formed symmetric triangle chart pattern and has broken down the triangle moving to strong support level of 25,203.63 as mentioned in our January review. The momentum and trending ability of the market on a daily time frame is strong, as ADX is below 20. The odds of the market remaining in this direction for the rest of the week are high, just as momentum is high and the recent breakout confirms a weaker market. But due to indifference by many investors, a double bottom may likely form at this point but let us watch how market forces play out today. The index is trading below its shortest moving average. Also, at its oversold region with MFI looking up to indicate that funds are still entering the market. Traders should watch out. Analyst Opinion: Investors should take advantage of the pullbacks to buy into Aiico, Ucap, Zenith, UBA, Total, and Fidelity. '' End Quote #news |
Re: Nigerian Stock Exchange Market Pick Alerts by Parisfran(f): 1:31pm On Feb 12, 2017 |
fxuser: I'm totally with you on the fact that a change is needed rather than just remain status quo. Generally I'm not comfortable with the conclusion that more remittance is better for the country as a whole. In reality it just ends up widening the gap between the rich and the poor. But that's a conversation for another day. Our solution is to have a lot of economic and legislative reforms that will make trading with the Naira attractive to foreign investors. This just reminds me of FG raising USD bonds and clapping for themselves that it was over subscribed forgetting that they will payback that money in a currency they have no control over. Not to talk of the fact that most of the money will be sent back abroad by our executive thieves. Honestly this country tire me. |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:34pm On Feb 12, 2017 |
DeRuggedProf: Many thanks for this. Blessed me immensely. Its now my fav daily audio mind prep This is what makes such forum a blessing. Really Appreciate IMO: A must listen for everyone so we can all be better traders/investors 4 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:36pm On Feb 12, 2017 |
Parisfran: PLEASE No tire ! We need all the hope we can get . |
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 10:31pm On Feb 12, 2017 |
fxuser: Parisfran: Sirs', i really commend your stand on the subject matter of floating or non-floating of our currency (Naira). It is worth deliberating on. The fact that Nigeria don't have a policy that will safeguard our currency against any forms of manipulations or attacks is a cause for concern. But the only policy Nigeria have is what works at the moment not a future reform or performance. Many investors or even the so-called legislators (legislooters) are betting against Naira themselves...which tells you that they are there for what they can get at the moment without considering the fact of what happen next. Egypt float their currency with high expectations that the economy will stabilize and normalize foreign investors confidence in the country. The reverse might be the case for our country or work best...(No one has the autonomy over that). In a nutshell, my simple suggestion is for everyone to hold on to what works best for him/her and let's see where the uncertainties around our economy, currency, policy, and governance would take us. Long road ahead...Jesus Wept 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by soloniger(m): 7:05am On Feb 13, 2017 |
Intendy:This is Intendy's last post on Feb 04 at page 2034, hope all is well with him |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 9:14am On Feb 13, 2017 |
Big 5 Gainers Last week Caverton +12.50% Beta Glass +10.23% Neimeth +6.45% AxaMansard +5.26% Transcorp +5.256% 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 9:15am On Feb 13, 2017 |
Top 5 Losers last week Uacn prop -23.79% PZ Cussons -18.46% Forte Oil -11.69% FBN -10.57% Nestle -8.18% #bears 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 9:15am On Feb 13, 2017 |
http://www.thisdaylive.com/index.php/2017/02/13/as-emefiele-targets-40bn-fx-reserves-cbns-strategy-becomes-apparent/ External Reserves now $30B... |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 9:45am On Feb 13, 2017 |
Watch list Access - to retest N7 - a close above N7.05 (recent high) confirms breakout - RSi +ve |
Re: Nigerian Stock Exchange Market Pick Alerts by PRD(m): 9:49am On Feb 13, 2017 |
Parisfran:I was shocked as well to see them celebrating on oversubscription which seem more of a political gain than economical. If they have done their maths and felt all they needed was $1bn then what they have to play with on the table of negotiation is the rate. I would have expected the economic team to tinker with rates bringing it lower to see the reactions of the bid until they come up with a total bid close to what they went to the market for. If they came back with a $1.8hn at 4%, they would have been professionally successful and even saved the nation a lot of money in the future. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:04am On Feb 13, 2017 |
•Ex-GMD battles for bail
•Magu praises officer behind the
expose Residents of Sabon Tasha, the
Kaduna slum from where operatives
of the Economic and Financial Crimes
Commission (EFCC) recently
recovered an alleged loot of
$9.7million and 74,000 pound sterling are angry with former Group
Managing Director of NNPC, Mr.
Andrew Yakubu, who is believed to
have kept the money in his house
there.
Such is the bitterness of the residents’ anger that they now rain
curses on him for locking up
equivalent of billions of naira in the
community where many go to bed in
hunger.
Yakubu remained in EFCC custody yesterday, battling for bail.
Following the discovery of a
whopping $9.7m in a Kaduna slum
house allegedly belonging to the
former Group Managing Director of
NNPC, Yakubu, residents of the area have expressed anger and rained
curses on the owner for locking up
billions in a community where many
go to bed in hunger.
The residents gathered in twos and
threes yesterday discussing the recovery . |
Re: Nigerian Stock Exchange Market Pick Alerts by holm: 10:11am On Feb 13, 2017 |
PRD: This is a sad reality. The bad news is when the Naira finally devalues or floats(sinks) deeper. At times, i wish Bubu's vacation can be extended to cover 2017-2019. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by joseph1013: 10:52am On Feb 13, 2017 |
Parisfran: A float has never been the solution to all economic problems for those that have floated. It is usually the first of the many steps to savage a bad situation. When you leave the currency to market forces, you are telling foreign investors that they can come to make investments and be sure that they will have a level playing field to make things happen. That's what Egypt has done (and in my estimation a little too late). It will be tough at the beginning but things will calm down and they will reap the rewards. I can show you reports of how things are presently looking good for Egypt. Bubu is saying he will not kill the naira by floating, not knowing that he is already killing the naira by his ill-advised policies. SMH I see naive Nigerians praising the reserves going up to $30.5bn. LOL. Makes no difference. You have money yet the CBN cannot fund Interbank market. That's like taking your rent of N30,000, putting it in a bank and saying you have savings of N30,000. Yes its savings...but to what purpose? It's like stockpiling and showcasing a full yam barn and poultry while your children are afflicted with kwashiokor. I can see that your solution to the fx problem is to sever ties with the western countries...When you're not China. What an approach. Good luck with that. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:56am On Feb 13, 2017 |
FCMB - support line moved up luring profit takers out - UCap - opened higher, pull back ongoing - new entrants waiting Cadbury - break below N9 |
Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 11:51am On Feb 13, 2017 |
please anybody still with morgan. i lost my comtact and av not followed up with their operations. are they still performing or them done scatter? please if still functional help me out with thier account details and any good contact that is acting like former lady morayo. |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 12:11pm On Feb 13, 2017 |
fxuser: https://trwstockbrokers./2017/02/13/10-remarkable-low-cap-stocks-to-buy-for-2017-dividend-season/ |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 12:12pm On Feb 13, 2017 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 12:21pm On Feb 13, 2017 |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 12:52pm On Feb 13, 2017 |
So whats your talk on the ten stock ? |
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 1:06pm On Feb 13, 2017 |
Mpeace: fxuser: Morgan customers can identify bids from other Morgan customers. Bids from itrade are checked in the bid list. The individual client's bid is checked and bolded (so you can identify your own bid and position in the bid/sell order queue). In other words, my order is checked and bolded in the queue and that of other morgan customers is just checked(even though their identity is unknown). 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 1:08pm On Feb 13, 2017 |
UACN and Flourmill just dancing up and down since morning. |
Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 1:30pm On Feb 13, 2017 |
OBAGADAFFI: |
Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 1:31pm On Feb 13, 2017 |
OBAGADAFFI: |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 1:36pm On Feb 13, 2017 |
Willie2015: LOL, I think PZ seem to be bottoming out But for UACN and Flourmill i need good Sniper to catch them in position . |
Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 1:43pm On Feb 13, 2017 |
OBAGADAFFI: I only trade in financial services stocks ..... I just dey watch your stocks with long camera.. |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 1:44pm On Feb 13, 2017 |
Willie2015: I target this three stocks for good dividend payout. |
Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 1:48pm On Feb 13, 2017 |
[quote author=Manonamission post=53673370] Morgan customers Bros abeg any direct contact with Morgan staff .I mean somebody that is willing to help.use to contact morayo but no longer there. |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 2:05pm On Feb 13, 2017 |
OBAGADAFFI: Definitely not for PZ, UACN is in the market looking for money for all its subsidiaries and Flour Mills is burdened by debts. |
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