Agbalowomeri:


Lol
Those of us who/that (abeg oga which one correct?) attended night school

Mcy56:

Chai! The village people sent you after me?
Na night school I go na. Tell them my English has nothing to do with my portfolio o.

Mpeace:
Meanwhile, its like skye will be the first bank to go sub 50k. Agbalowomeri go wait for this one at 20k

mendes911:
Agba, have you seen the index?? All thanks to Dangote.

oyesola:
...For those looking for where to invest. I will advise that you start buying now. The market may surprise you. My stock picks before Q3:
Caverton --@ less than #2.00
Eternal oil --@ less than #6.00
Unity bank --@ less than 90kobo
Seplat --- @ less than #700
You have the option to wait till when they will be on full bid.

oyesola:
...For those looking for where to invest. I will advise that you start buying now. The market may surprise you. My stock picks before Q3:
Caverton --@ less than #2.00
Eternal oil --@ less than #6.00
Unity bank --@ less than 90kobo
Seplat --- @ less than #700
You have the option to wait till when they will be on full bid.

oyesola:
...For those looking for where to invest. I will advise that you start buying now. The market may surprise you. My stock picks before Q3:
Caverton --@ less than #2.00
Eternal oil --@ less than #6.00
Unity bank --@ less than 90kobo
Seplat --- @ less than #700
You have the option to wait till when they will be on full bid.

mendes911:


Few minutes ago you didn't understand that a cross deal can happen on a stock and it won't show up under bid/offer. Now you are quoting prices. Effects of 5m units Unity bank cross deal really got to you. Well done Sir!

oyesola:
...I don't know how to reply some people on this platform as I don't want to be rude. As much as I am not an epitome of knowledge, I don't need anybody's advise on what stock to pick or sell and you are not under any obligation to follow my stock recommendation. The fact that I asked a question doesn't mean I don't understand what cross-deals are. I have no reason to mislead anybody here. If you have unity bank to sell at 0.86Kobo, caverton @1.88, I am willing to buy from you. We all have our investment objectives!

oyesola:
...I don't know how to reply some people on this platform as I don't want to be rude. As much as I am not an epitome of knowledge, I don't need anybody's advise on what stock to pick or sell and you are not under any obligation to follow my stock recommendation. The fact that I asked a question doesn't mean I don't understand what cross-deals are. I have no reason to mislead anybody here. If you have unity bank to sell at 0.86Kobo, caverton @1.88, I am willing to buy from you. We all have our investment objectives!

fxuser:
Index
Quick Glance at d Daily

RSI & MACD
- RSI remains below 50 since April , indicating low bullish sentiment persits, no new money
- hw'ever RSI making lower highs shows bearish slowdown
- MACD sef remain below Zero line since march, same as above (bullish crossover below is usually weak, but we keep wacthing)

Moving Averages
- Price remains below 10ema (36,491), 20ema (36,735) , 50ema (37,616) & 200ema (38,151) dis shows its bearish on all time frames
- Looking fwd to wen MA's (moving average) starts to flatten out , or at least make price break above 10ma / 20ma
- patience still , one must learn to wait and how to wait sef . .

IchiMoku
- price broke below the Kumo cloud 23 March & remains below the Kumo cloud (bearish sentiment) nothing new here
- price still de below d Tenkan-Sen & KiJun-Sen (google am lol) also no TK bullish xver ''YET '' (wen wee see am , we go blow d whistle lol)

General thots
- Still in line with MSCI analysis by Yok ad others (kudos gents)
- Index is likely to test 35 thousaaand level (also d 50fib retracement level, FIB pple can confirm dis)
- but are we going there directly ... umm , or after a possible ''light ''bounce ??

- we hv pulled to far away from the 50ema, price is due for a pull towards it before continuation or consolidation or watever mkt decides
- i think dis is the general mood shared by awon ''guru's'' in da hse , (pls index is also very skewed to d big caps)


Dis:
i'm remain a student & can be very very very wrong ''MOST'' times . permit my rambling / TA language

Holdings
Zenith

TGIF #BlessPeople

mendes911:


Set up a meetimg with him and go with your mattress.

wanaj0:


Because Union Diagnostics is VERY illiquid, SELLING may be a problem. Even if you make a 'profit' you may not be able to SELL. There are many stocks like that. So factor that into your strategy. That's why I said it may be a 'paper profit'. I think someone said he tried selling for TWO years!

sillysassysally:
I totally agree with you!
These penny stocks would only give you paper profit. That is why you'd never find asset management companies buying them. We focus on the 30 most liquid stocks on the NSE!

Cadillac15:


Yes, for those pennystocks that can be influenced. I personally have put several medium cap stocks including DF on full bid for several days. Now imagine what will happen when someone with 30m eyes UnionDiagonistics. Thats sure 1week full bid.

No for large cap stocks like like Zenith, GTB, Etc.

Mpeace:
Prof. Wetin u dey teshhh ur student sef for that ur skool. I no like this type thing oh.

Mcy56:
Is fall in Skye bank price as a result of their reports?
Seems una no get interest in the bank in this forum.

mendes911:
Maybe forum members are waiting for those "Foreign Hot Brothers".

kolaish:
@all - digging out someone's stock pick especially when it doesn't come to pass is not good. The person that made the prediction may have made it from its own perception of the market as at the time, which can change even in the next hour due to the volatility of the market. I want to reiterate that no one is perfect about stock pick, you can only speculate based on your perception (TA, FA, candle, stick, chart & Hope) of that particular stock.

Once again, let us desist from digging peoples' post. it looks more to me like mocking that person. Rather, we should be more diplomatic in our approach to such picks even if we did not agree with it, as no one is under obligation to dish out any stock recommendation, but based on the common purpose we all share on the forum, which is to make the best out of the market.

cc: chibuking81, mendes911, Cadillac15

With due respect please.

Agbalowomeri:
By technical definition, market officially entered bear zone today from a top of 45ish (now 22% down)

Parisfran:


Someone once said NSE was being manipulated and that the closing prices did not reflect the movement during the day. I tried reaching her to explain but didnt get through to her.

Can you explain this possible manipulation and how it affects us?

Chibuking81:
We have 5 months before February election.
Anticipation of q4 result usually push the stock price high.
Every quoted company in NSE are expected to release their final year result on or before 31st March every year.

Investors and traders usually take position starting from November ahead of time.

But this year position taking will be different, because of anticipation of change of government, which will likely take place.

Our money might be out of market, but we are not completely out of market. Research must be ongoing to know the companies with good result, so that one will take position during January/February election bonanza period.

As far as am concern, now is not a good time to buy, because majority of good stocks will still lose weight, Q3 result will not stop the bear this year, but it will help the bull return next year once after election.