swilo:


Today is Sunday o.. Someone cannot play with you... Sister mi.

Happy Sunday @swilo!
Don't mind @mendes, and i don't care if he is playing, he is a regular at trolling. I have nothing but love for him though.

FCMB
This Week

- will SP test below 1.70 ? umm
- prev lowest weekly close N1.65 is not a bad area asper RR ,
- nt sure we may see a retest of its lowest daily close dis yr (never say never with mkts , anything can happen)
- h'ever last week formed an inverted hammer on abv avg vol wh > prev monthly vol (cant ignore d price action)
- also formed an inverted hammer at a ''possible support level wh '' CUD '' also seen as bullish but it's nt d best reliable candle IMO
- the possibility its forming a similar pattern to fidelity cannot be overruled, like a right shoulder ''possible'' formation cc:@swilo
- den d FA & Dividend pple like dis stock ehn just like en snr brother, so it has FOMO potential
- it also bounced at .786 fib level 3 wks ago after 60% ** approx drop from 52 wk highs, it has paid dues lollx
- den again fcmb MM na madt gut lolx
- looking fwd to mon price action here , its always okay to be wrong , remain comfortable with any outcome


#RandomThots

Chibuking81:
http://dailypost.ng/2018/10/07/atiku-said-winning-pdp-presidential-ticket-face-buhari-others/

@Chibuking81, can someone start picking up some stocks that are relatively cheap now? or to still wait.

Chibuking81:
http://dailypost.ng/2018/10/07/atiku-said-winning-pdp-presidential-ticket-face-buhari-others/

POLITICS What Atiku said after winning PDP presidential ticket to face Buhari, othersPublished on October 7, 2018 By Nsikak Nseyen

Former Vice President, Atiku Abubakar, has reacted to his emergence as the People Democratic Party, PDP, presidential candidate ahead of the 2019 general elections.

Atiku polled the highest votes to defeat his closest rival, Aminu Tambuwal who polled 693.
In a swift reaction Atiku on his official Twitter page, the Turakin Adamawa thanked PDP for believing in him.

He wrote, ”@OfficialPDPNig, thank you for choosing me. This is a victory for all of us. The task to get Nigeria working again starts now. #NigeriaWillWork#LetsGetNigeriaWorkingAgain

Alh Atiku Abubakar ( PDP), versus Alh mohammadu Buhari (APC), Interesting days ahead. Politics of older men, North versus North.

We are watching
NSE is watching
Market will be responding
Bonanza period is approaching.

hyness:

@Chibuking81, can someone start picking up some stocks that are relatively cheap now? or to still wait.

To be honest with you, am not picking any stock this year, and will not advice any of my friend to pick.
This year remaining about 86 more days to summarize, anytime during election for bonanza participants or moment after election will be nice to enter the good vehicles (stocks)

Chibuking81:

To be honest with you, am not picking any stocks this year, and will not advice any of my friend to pick.
This year remaining about 86 more days to summarize, anytime during election for bonanza participants or moment after election will be nice to enter the good vehicles (stocks)

OK, many thanks.

fxuser:
d spirit of lower monthly closures is still at work here , SP is nt far from prev yr low sef !

Hhmmm, it has lost almost half of the SP, from 37 to 19 and it doesnt seems to be done yet.
If it continues like this, then the N12 junction is not far again.

mendes911:
You are bored and looking for roforofo. Oya, start one naww.

We are having a peaceful house and a wonderful discussion going on, we hope to maintain that.
I dont know how you forgot easily that it takes one troll to identify another.
I hope you ignore any slander targeted at derailing this thread. Thank you.

Facts are real. Our signature posts says it all!
Different and many people have had issues with trolls here.
I already said I wasn't gonna derail, I won't.

Northeastern:
As far as the NSE is concerned, you go home with all your loot, NO VAT, NO CGT. I have traded several markets, but yet to find where you are not charged a dime for taxes.

We can't survive as a nation without increasing the tax base, but with the corruption in the system, why would I want to pay taxes when it will end up in private pockets.

They do charge VAT or dont they?
The last statement is the koko there. Why paying the tax just to enrich some people's pockets? They did increase the tax % one time like that but its effect could not be felt as such in any sector of the economy.
It's better make dem allow people to dey chop their tax jor.

I now think Julius Berger will be a good buy going forward.
This snailish government will now suddenly become aggressive in clearing it's debts to JB and pushing more money for JB to maintain full speed on all projects in a bid to show they are turning Nigeria around....
All govt contractors should be grateful to Atiku.
I have my serious reservations about Atiku, but he will definitely keep APC engaged....

NB: This is not a buy recommendation. In addition, JB is for investors and not so good for traders. It's movements happen in the dark.

Mcy56:

Hhmmm, it has lost almost half of the SP, from 37 to 19 and it doesnt seems to be done yet.
If it continues like this, then the N12 junction is not far again.

A buying 'range' or 'band' should be treated differently from averaging down.
Averaging down is only a good case during pull backs when the major trend is up, otherwise, it's just like using your limousine to wedge a heavy duty truck sliding down a very steep hill.
The heavy duty truck will eventually stop, but not before it has made your limo an unwilling partner.

DeRuggedProf:


A buying 'range' or 'band' should be treated differently from averaging down.
Averaging down is only a good case during pull backs when the major trend is up, otherwise, it's just like using your limousine to wedge a heavy duty truck sliding down a very steep hill.
The heavy duty truck will eventually stop, but not before it has made your limo an unwilling partner.

But it depends on your objective
Are you investing or trading
If you are an investor, averaging down is not a crime
Remember, no one can accurately time the market
If you are an investor, you have only made a paper loss despite the political bear, your investment in a dividend paying companies is not a real loss
If you are are trader then keep off
You can wake up tmao and see a green NSE
We have been there before, and here we are now

You can read analysis from d link below and tell me if you will buy Facebook or alibaba if you were to be a trader or an investor in US market

https://www.fool.com/investing/2018/10/06/better-buy-alibaba-group-holding-limited-vs-facebo.aspx

DeRuggedProf:
I now think Julius Berger will be a good buy going forward.
This snailish government will now suddenly become aggressive in clearing it's debts to JB and pushing more money for JB to maintain full speed on all projects in a bid to show they are turning Nigeria around....
All govt contractors should be grateful to Atiku.
I have my serious reservations about Atiku, but he will definitely keep APC engaged....

NB: This is not a buy recommendation. In addition, JB is for investors and not so good for traders. It's movements happen in the dark.

I actually think JB is a good buy at current price.
Building position gradually.....


Atiku will have my vote though I expect buhari to win.

pluto09:




I actually think JB is a good buy at current price.
Building position gradually.....


Atiku will have my vote though I expect buhari to win.

Atiku will win Buhari

pluto09:




I actually think JB is a good buy at current price.
Building position gradually.....


Atiku will have my vote though I expect buhari to win.

Your expectation of Jb based on debt recovery from FGN is good but historically, more money, high income, increase in price of commodities has not been shown to influence prices on NSE
Take for instance, con oil is into exploration and production, since Brent skyrocketing it has not improved the share price
FBN gave out massive investors money as toxic loans to the oil industry, Now we are in the 5th to 6th month of global oil boom, tell me which Nigeria company has shown the effect of global oil increase in the last 6 months??

We need a refreshing post on basic principles of investment, many of us think we can control the market by our emotions and expectations. This should not be. Let us read dz copy and paste and restrategised. Not wishful thinking dt JB will be a good buy, waiting for an endless bonanza,
forgetting that the right price for a stock is d price you paid on the day you have the money (Warren buffet)

5 Strategies All Successful Traders &
Investors Use
Presented By LionStockAlerts.com
The goal of this ebook is to give you the tools needed to increase the probability of being a successful
investor.
You will not succeed if your strategy is focused on beginners luck, hope, or relying on that “guru” that
seems to know everything.
We have developed a list of strategies that all successful traders and investors use.
As investors, the only variable that we have control of is ourselves. Therefore, it is critical to have the
appropriate strategy and mentality before investing, in order to position yourself for success.
Before you invest any money you need to make sure you understand and fully implement the following
5 strategies, otherwise you are simply gambling, not investing.
1. Capital Preservation Is The Most Important Part Of Trading. Have A Stop Loss - The most
important aspect of investing is risk management. Stated simply, how much can you afford to
lose before you walk away from the investment. Capital preservation is more crucial than your
battered ego at making an incorrect investment/trade that loses you money. The stop loss is the
proverbial line in the sand. Often overlooked, without understanding and predetermining your
stop loss in advance, your entry price nor your price target mean nothing. Your stop loss
protects you for the investments where your established purpose for the investment is
incorrect.
2. Every Investment Must Have A Purpose. Answer The Question Why? - There can be no
investment unless there is a purpose. When you are investing money, you are assigning a
purpose to that money to fulfill a certain obligation to you. Without purpose, your money will be
lost fairly quickly. Therefore, not only should you have a why, but your why should be
compelling enough to even get you interested in putting your capital at risk. Focus less on the
narrative and more on the actual facts.
3. Know Value Vs Price. Establish An Entry Price - Here you need to delineate the difference
between price and value. Alone, price means nothing, therefore you have to place a context
around this price in order to understand specifically the risk and potential upside. Price is what
you pay, value is what you get. Your default expectation should be that every trade/investment
has a higher propensity to lose money, than win. With this mentality, you are establishing

yourself to avoid the greed and fear dynamic that accompanies every investment. Always have a
very frugal mentality when selecting entry price. This increases your odds of making money. At
the end of the day, buy low sell high is the strategy.
4. Time Horizon - The time horizon determines the length of time you can afford to test your
hypothesis. Remember, if your “why” is incorrect and you fail to realize this, you forgo making
other profitable investment opportunities. This is referred to as your opportunity cost. You want
to utilize your capital in the most efficient manner possible to maximize your returns. Simply
throwing money at an investment indefinitely with no time horizon is not a means at maximizing
your returns.
5. Price Target - This indicates your upside potential, otherwise known as your “reward”. Your
reward should always exceed your “risk”, otherwise you are simply gambling. Having a price
target is critical to understanding when your investment is overvalued so that you know when to
exit the trade. However, the price target is the furthest variable out in time thus making it the
least certain information that you have to construct your investment decision. Regardless of
your investing time frame, which can be days, months, or years the price target is a best
estimate of future price using today’s available information. Since information constantly
changes, your price target becomes outdated the moment you establish it. Nonetheless,
knowing at what price you plan to exit the investment is a necessity, otherwise there is no point
in investing in the first place.
These five strategies might be the hardest, yet most critical steps to successfully investing money

DeRuggedProf:
I now think Julius Berger will be a good buy going forward.
This snailish government will now suddenly become aggressive in clearing it's debts to JB and pushing more money for JB to maintain full speed on all projects in a bid to show they are turning Nigeria around....
All govt contractors should be grateful to Atiku.
I have my serious reservations about Atiku, but he will definitely keep APC engaged....

NB: This is not a buy recommendation. In addition, JB is for investors and not so good for traders. It's movements happen in the dark.

I was thinking the same thing

DeRuggedProf:
will now suddenly become aggressive in clearing it's debts to JB and pushing more money for JB to maintain full speed on all projects in a bid to show they are turning Nigeria around....
I have my serious reservations about Atiku, but he will definitely keep APC engaged....

LOL.
I think you are right but not to conclude hastily.
Atiku is not the best candidate, they are all birds of a feather, probability of him winning is not that high but.....errmmm,...... maybe he should be given a chance so we could see what he would do differently, [s]if he doesn't end up sending the nation into British colonization again[/s].

Godlylifeoneart:
We need a refreshing post on basic principles of investment, many of us think we can control the market by our emotions and expectations. This should not be. Let us read dz copy and paste and restrategised.
.........These five strategies might be the hardest, yet most critical steps to successfully investing money

Hhmmm, you are sounding more like boss Wanaj0. Thanks for these writeups.

DeRuggedProf:
A buying 'range' or 'band' should be treated differently from averaging down.
Averaging down is only a good case during pull backs when the major trend is up, otherwise, it's just like using your limousine to wedge a heavy duty truck sliding down a very steep hill.
The heavy duty truck will eventually stop, but not before it has made your limo an unwilling partner.

Well said....... but as godlylife also mentioned, I dont think investors who knows their onions would fret at this.

Godlylifeoneart:


Your expectation of Jb based on debt recovery from FGN is good but historically, more money, high income, increase in price of commodities has not been shown to influence prices on NSE
Take for instance, con oil is into exploration and production, since Brent skyrocketing it has not improved the share price
FBN gave out massive investors money as toxic loans to the oil industry, Now we are in the 5th to 6th month of global oil boom, tell me which Nigeria company has shown the effect of global oil increase in the last 6 months??

Taking position in JB is purely based on the current numbers and has little or nothing to do with expectation of debt recovery .


And for the record, conoil that is listed on NSE is not into exploration and production...

Chibuking81:

Atiku will win Buhari

Can you vote for Atiku and how many people you think can vote for him?

As 2mrw clocks,lets try and leave politics out of this thread.Recent happenings have shown elections in this country are not won in newsmedia or online on social networks, who will win will win as it is not by our votes.

Anyway how long do we still wait for bonanza period.... Something tells m3 it will come after elections

Chibuking81:

Atiku will win Buhari

u mean on social media?

Morning all, how was the weekend...?

Hope the bulls are showing this week...

Fear Grips Ex-Directors of Skye Bank, Seek Soft-landing
https://www.businesspost.ng/2018/10/08/fear-grips-ex-directors-of-skye-bank-seek-soft-landing/

Investors Advised to Hold PZ Cussons Shares
https://www.businesspost.ng/2018/10/08/investors-advised-to-hold-pz-cussons-shares/

Access Bank, Dangote Cement, Others Declare Closed Periods
https://www.businesspost.ng/2018/10/08/access-bank-dangote-cement-others-declare-closed-periods/

[quote author=dipoolowoo post=71888239]Fear Grips Ex-Directors of Skye Bank, Seek Soft-landing
https://www.businesspost.ng/2018/10/08/fear-grips-ex-directors-of-skye-bank-seek-soft-landing/

Investors Advised to Hold PZ Cussons Shares
https://www.businesspost.ng/2018/10/08/investors-advised-to-hold-pz-cussons-shares/

Access Bank, Dangote Cement, Others Declare Closed Periods
https://www.businesspost.ng/2018/10/08/access-bank-dangote-cement-others-declare-closed-periods/[/quote

This should be speedily done!
This will help prevent Dozie from reaching his inevitable destination.

NIGERIA STOCK MARKET GENERAL COMMENT/MSCI NIGERIA PORTFOLIO MOVEMENT - AS AT 5
OCTOBER 2018

On 5th October 2018 MSCI still maintained a static portfolio for Nigeria.

Market still bearishness is now 71%. The market need one overly good news to kick it out of the grip of the bears. For today expected high and low will be: High 32427.99 low at 32335.31

Let us see how the release of the results will affect the market. But, my observation is that the bear seems not to be biting very hard, kindly of mild.


In view of the fact that some additional information on our postings will now be added, you can check our twitter handle “Target Technical Analysis”.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).
N:B



1. Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who doubts the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

2. The fund will still hold some equity, the terms of service states this. Thus no matter the condition of the market, it will not liquidate to Zero. This is an equity fund investing in the Nigeria market.

3. You cannot bear losses like the fund. The pocket of the fund is too deep. Therefore, as an individual you are not suppose to be in the market during the stock market crash. Before or during the crash, reduce your holding.

4. If you are seeing this type of data on MSCI for the first time. You may need to verify the figures. Go to my previous posts (https://www.nairaland.com/yok/posts), you will see the various sources where the data can be verified.

DeRuggedProf:
I now think Julius Berger will be a good buy going forward.
This snailish government will now suddenly become aggressive in clearing it's debts to JB and pushing more money for JB to maintain full speed on all projects in a bid to show they are turning Nigeria around....
All govt contractors should be grateful to Atiku.
I have my serious reservations about Atiku, but he will definitely keep APC engaged....

NB: This is not a buy recommendation. In addition, JB is for investors and not so good for traders. It's movements happen in the dark.

Don't bank on FG clearing their debts with JB, there's no money for that to happen!

FG is currently far more interested in acquiring debts (both local and foreign). If there's a way to trade on that, better.

mendes911:


Don't bank on FG clearing their debts with JB, there's no money for that to happen!

FG is currently far more interested in acquiring debts (both local and foreign). If there's a way to trade on that, better.

What will they do with the acquired debts?

DeRuggedProf:


What will they do with the acquired debts?

Most likely to cook afang soup.