onegentleguy:



I can say without an iota of doubt that 'this guy will soon travel real good'
...'For am certain that Mr TIME has him as a core bossom friend'

#BELIEVE
#ANDKEEPBELIEVING

NOTE: This should only be seen as a postulation on DF and not a recommendation. ...DD advised as always pls.

Many stocks are fighting for their souls.....
I peeped into the charts and was surprised that most stocks fighting hard and looking like we are at the bottom have VERY SCARY WEEKLY CHARTS (Apologies to Fxuser).
I lost interest immediately as I will NEVER EVER argue with the charts again.
I have been WOUNDINJURED (RabbiDoracle) too many times in my going against charts....
Those daily noises easily dissolve into the abyss of the weekly traps before you blink.....

DeRuggedProf:
FMN fighting with its chart....

B4 the storm!

DOLLARTEX:
IF the fund is buying fcmb,then the price will move up,and since fcmb and fidelity no be mate,fidelity too will move upppppp.

Not true o. No condition is permanent

DeRuggedProf:


Many stocks are fighting for their souls.....
I peeped into the charts and was surprised that most stocks fighting hard and looking like we are at the bottom have VERY SCARY WEEKLY CHARTS (Apologies to Fxuser).
I lost interest immediately as I will NEVER EVER argue with the charts again.
I have been WOUNDINJURED (RabbiDoracle) too many times in my going against charts....
Those daily noises easily dissolve into the abyss of the weekly traps before you blink.....

Definitely not DANGOTE FLOUR !!
...far from it. ...'for that guy is of a unique nature'

DeRuggedProf:
https://trwstockbrokers./2018/02/27/sentiment-is-not-a-strategy-part-i/

- analysis of human emotions shaaa
- markets are like women whom u fall in love with , she is endlessly unpredictable & filled with various emotions / volatility in dis case

These offers on AfriPru is so unshakable. N3.80 won't be bad though.

mendes911:

These offers on AfriPru is so unshakable. N3.80 won't be bad though.

Remember people bought at N2.5 to N3. So they will keep selling to quickly take profit even if it is N1 gain that they made. This is because they will be comparing withe dividend with their gains.

RabbiDoracle:


Remember people bought at N2.5 to N3. So they will keep selling to quickly take profit even if it is N1 gain that they made. This is because they will be comparing withe dividend with their gains.

Monkey hunter sighted . You want the share price depressed to N2.5.

I will take your advice then. Entry adjusted to N2.75.

Pastor Vee, try look our way naww....

fxuser:


- analysis of human emotions shaaa
- markets are like women whom u fall in love with , she is endlessly unpredictable & filled with various emotions / volatility in dis case

Seems like that Fidelity support wall might be broken next week. That will let loose a lot...

...Alright here we go folks;

http://www.nse.com.ng/Financial_NewsDocs/20977_ACADEMY_PRESS_PLC._FINANCIAL_STATEMENTS_FEBRUARY_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/20975_ROYAL_EXCHANGE_PLC._CORPORATE_ACTIONS_FEBRUARY_2018.pdf

mendes911:


Wicked bad "boy". Why are you still "assuming" he was trapped? He categorically said it then that he wasn't. I only asked for update today.

my money, my portfolio ...owe u no explanation or do u see me as a talkative Do I tell the world whenever i sell or buy

RabbiDoracle:


Remember people bought at N2.5 to N3. So they will keep selling to quickly take profit even if it is N1 gain that they made. This is because they will be comparing withe dividend with their gains.

Correct, baby and mother approach ( what is this 40k compare to my N1.50k capital appreciation)

O boy let go south

sellydion:


Correct, baby and mother approach ( what is this 40k compare to my N1.50k capital appreciation)

O boy let go south

I kept wondering what people were waiting for. At such high prices, who dividend yield go help? Except those that had the shares since the time of spinoff.

AfriPru and UCap has settled their passengers. Next will be GTBank and Zenith (Though Zenith might pull a stunt).

Why do people cross deal when there are enough offers on the floor? NSE should place a ban on cross deals that can be bought on the floor .

Those cross deals on DS would have taken it to full bid for the next few days

rationalmind:
Why do people cross deal when there are enough offers on the floor? NSE should place a ban on cross deals that can be bought on the floor .

Those cross deals on DS would have taken it to full bid for the next few days

Lol. Cross deals can only be done at either the highest bid / lowest offer at that point in time, and it is a one-off trade.

For one-off trades, you only pay N4.20 for CSCS X-alert as against N4.20 * X (X meaning the number of executions at Mkt). Also, it is "more cleaner" especially when dealing with institutions/offshore investors.

mendes911:


Monkey hunter sighted . You want the share price depressed to N2.5.

I will take your advice then. Entry adjusted to N2.75.

Let me explain. If I bought at N2.5, and the price is N4.7 now, I will need to sell (if I'm a short termer). Reason is because I'm comparing a gain of N2.20 with 40kob. So I will have to sell.

You will need to stop selling until the price of the stock gets to N2.5 + 40 kobo= N2.90. Because if you sell, you will gain only 40kobo which is still the same as waiting for the 40kobo dividend.

My point is that people will keep selling until equilibrium is reached and at that point, they have seen that selling for just 40 kobo gain is the same as waiting for 40kobo dividend.

RabbiDoracle:


Let me explain. If I bought at N2.5, and the price is N4.7 now, I will need to sell (if I'm a short termer). Reason is because I'm comparing a gain of N2.20 with 40kob. So I will have to sell.

You will need to stop selling until the price of the stock gets to N2.5 + 40 kobo= N2.90. Because if you sell, you will gain only 40kobo which is still the same as waiting for the 40kobo dividend.

My point is that people will keep selling until equilibrium is reached and at that point, they have seen that selling for just 40 kobo gain is the same as waiting for 40kobo dividend.

I gat your point but it doesn't literally apply.

Meanwhile, this stock will still trade for N5.00 before markdown.

RabbiDoracle:


Let me explain. If I bought at N2.5, and the price is N4.7 now, I will need to sell (if I'm a short termer). Reason is because I'm comparing a gain of N2.20 with 40kob. So I will have to sell.

You will need to stop selling until the price of the stock gets to N2.5 + 40 kobo= N2.90. Because if you sell, you will gain only 40kobo which is still the same as waiting for the 40kobo dividend.

My point is that people will keep selling until equilibrium is reached and at that point, they have seen that selling for just 40 kobo gain is the same as waiting for 40kobo dividend.

But not everybody is a short termer so no shaking.

NEM finally reached the N2.00 mark.

wanaj0:


But not everybody is a short termer so no shaking.

NEM finally reached the N2.00 mark.

Nosa's N2 mark.

davide470:
Lol. Cross deals can only be done at either the highest bid / lowest offer at that point in time, and it is a one-off trade.

For one-off trades, you only pay N4.20 for CSCS X-alert as against N4.20 * X (X meaning the number of executions at Mkt). Also, it is "more cleaner" especially when dealing with institutions/offshore investors.

Thanks for the explanation, it's just annoying seeing some activities on the bottom right corner of the screen without corresponding changes in the left

Anyway, we keep waiting, time will prove either the seller or buyer to be correct as one oga here will say.

RabbiDoracle:


Let me explain. If I bought at N2.5, and the price is N4.7 now, I will need to sell (if I'm a short termer). Reason is because I'm comparing a gain of N2.20 with 40kob. So I will have to sell.

You will need to stop selling until the price of the stock gets to N2.5 + 40 kobo= N2.90. Because if you sell, you will gain only 40kobo which is still the same as waiting for the 40kobo dividend.

My point is that people will keep selling until equilibrium is reached and at that point, they have seen that selling for just 40 kobo gain is the same as waiting for 40kobo dividend.

My Oga there's no arguing the fact that this ur analysis makes for a sensible assumption.
However, it does have the weakness of implying that the majority of players in the market are traders. ...that there are far more traders than investors.
...That to me, is a very dangerous assumption to make especially with a coy like AFPRUD.
'For the basis therein is slightly vitual'.

But in any case, u are still my Boss !!

RabbiDoracle:


Let me explain. If I bought at N2.5, and the price is N4.7 now, I will need to sell (if I'm a short termer). Reason is because I'm comparing a gain of N2.20 with 40kob. So I will have to sell.

You will need to stop selling until the price of the stock gets to N2.5 + 40 kobo= N2.90. Because if you sell, you will gain only 40kobo which is still the same as waiting for the 40kobo dividend.

My point is that people will keep selling until equilibrium is reached and at that point, they have seen that selling for just 40 kobo gain is the same as waiting for 40kobo dividend.

Given that its 52-week low is 2.20, and there's been a 57% growth in eps yoy, I think the stock can find a pretty strong support northwards of 3.00.
People would make reference to this strong support rather than just their entry price.

So it may not likely trade below 3.40 pre closure.

mendes911:


Nosa's N2 mark.

Chai people don suffer

awesomeJ:

Given that its 52-week low is 2.20, and there's been a 57% growth in eps yoy, I think the stock can find a pretty strong support northwards of 3.00.
People would make reference to this strong support rather than just their entry price.

So it may not likely trade below 3.40 pre closing.

Expect a reversal tomorrow

onegentleguy:


My Oga there's no arguing the fact that this ur analysis makes for a sensible assumption.
However, it does have the weakness of assuming that the majority of players in the market are traders. ...that there are far more traders than investors.
...That to me, is a very dangerous assumption to make, especially with a coy like AFPRUD.

But in any case, u are still my Boss !!

There's also the added assumption that those selling now must have bought low.

On the contrary, those selling might have bought high and just cutting their losses to preserve capital.

rationalmind:


There's also the added assumption that those selling now must have bought low.

On the contrary, those selling might have bought high and just cutting their losses to preserve capital.

That is why discipline is paramount. Different strokes for different folks. No one way, straight jacket.

http://www.tribuneonlineng.com/corporate-governance-key-foreign-direct-investment-nse-ceo/

Here we go. @Onegentle guy talked about this earlier. Funny enough, they didn't mention the companies affected.

Agbalowomeri:


Expect a reversal tomorrow

Did you gauge market mood towards end of trading today? I doubt reversal is tomorrow. Bears might even storm across board tomorrow.

I have been wrong severally though.

Agbalowomeri:


Expect a reversal tomorrow

My predicted reversal range is btw N3.80 - 4.20. ...and so 2 days from now would be more like it for me.

However, I could be inclined to agree with u. ...but on the condition that tomorrow it opens at a near 5% discount from todays close of N4.70, drops down by the same % margin during the intra-day trade but bounces back to close with a volume higher than that of today at no more than a 2.5% discount from todays close.
...But if these condition is not met, then my predicted range could well become a reality.
...Unless of course the mighty Mr TIME thinks otherwise. ;

PharmAlfred:
http://www.tribuneonlineng.com/corporate-governance-key-foreign-direct-investment-nse-ceo/

Here we go. @Onegentle guy talked about this earlier. Funny enough, they didn't mention the companies affected.

Just got an unconfirmed Info that the coperate governance index (also known as CG INDEX) of the Nigerian Stock Exchange have just added banking Stocks ACCESS BANK, UBA plus cement manufacturing coy LAFARGE WAPCO PLC to the NSE-PREMIUM BOARD.
...This should bring to 6 the total no of coys listed therein following the 1st of initial entrants of DANGOTE CEMENT, FIRST BANK AND ZENITH BANK.
My take is that this could very likely lead to an increased buying pressure on the new additions by investors with interest in well governed coys.
It might interest u to know that the NSE PREMIUM BOARD is assigned to companies with a good coperate governance rating by the Nigerian Stock Exchange.

My take is that this is a healthy move for ACCESS, UBA and LAFARGE WAPCO especially the banking sector once it does materialize.


If u were referring to the post above, then worry not my dear. ...for its CONFIRMED.
...and shall be implemented soon.

#BELIEVE

Is that Japaul @ 0.50 ? Something that was trading for 0.35 last week Tuesday

Hmm