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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11450283 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:13pm On Jul 31, 2019 |
RabbiDoracle:LMAO. Na the 'double' Vee like pass. ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by valentinenwoko: 8:16pm On Jul 31, 2019 |
I want to buy UAC, should I wait for further price drop. I need advice |
Re: Nigerian Stock Exchange Market Pick Alerts by valentinenwoko: 8:17pm On Jul 31, 2019 |
Can UAC trade btw 4.8 to 5.2 |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:19pm On Jul 31, 2019 |
lancee:Let the recovery come quickly o, NSE stocks have been punished enough, in fact, over-punished self. ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:20pm On Jul 31, 2019 |
RabbiDoracle: 25 basis point rate cut by Fed. 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 8:20pm On Jul 31, 2019 |
Northeastern: The NCI was majorly from the power assets. Do we still have anything left of the power assets after the exit of otedola ![]() I will still have to digest the latest result to say more about your observation |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:23pm On Jul 31, 2019 |
valentinenwoko:My dear, start buying if you want to. Not saying it cannot drop further but their Q1 was good, Q2 good as well. Remember its solely my opinion and na you say you need advice. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:32pm On Jul 31, 2019 |
valentinenwoko:No one can say but Mr. Market will decide. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:43pm On Jul 31, 2019 |
RabbiDoracle: @Meshpip, Fed fund rate changed (now 2% to 2.25%) as discussed earlier. Like I told you, it isn't cast on stone. Anything can change depending on the data Fed is looking at. So how is your GBP/USD pair doing? |
Re: Nigerian Stock Exchange Market Pick Alerts by meshpips(m): 8:46pm On Jul 31, 2019 |
RabbiDoracle: Very good work! They put 2.50 as the previous rate. But what we have in the Fed's papers is 2.35% I have expressed my concerns about the possibility of them dropping the rate BELOW the 2.25 % lower band. Now we are fine, the currency markets are reacting excellently well. I have 30 pips as the standard deviation for the H1 chart on the Pound-Dollar pair. I'm just awaiting a little more sell off and then I will buy the minute price fails to make a new low. With the cut in rate, the fixed income market will become unattractive to investors and so we will see capital flight from fixed income into equities. That's when y'all stock traders will get your own share of the groove. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:47pm On Jul 31, 2019 |
Btw, where is Peterichy and Chibuking81? Guess they're at the ministerial screening venue. ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by meshpips(m): 8:51pm On Jul 31, 2019 |
RabbiDoracle: Here's what I have done thus far for today. I had to close the 0.35 lot sized trade for risk management reasons. That was a few minutes before the news. So far, so good. The real party will begin when my buy limit orders get filled.
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Re: Nigerian Stock Exchange Market Pick Alerts by meshpips(m): 9:13pm On Jul 31, 2019 |
Interesting to know that the Bank of England has its own rate announcement tomorrow. The week would be rounded up with the employment report for the US. What an amazing week this is! If the market doesn't get sufficient propelling force after all these economic reports outlined above, nothing go fit help am. Next week is gonna be lit!
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Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 9:36pm On Jul 31, 2019 |
meshpips: This is what we expect from our CBN. |
Re: Nigerian Stock Exchange Market Pick Alerts by meshpips(m): 9:58pm On Jul 31, 2019 |
OBAGADAFFI: The US rate is used as the prime lending rate globally. This rate cut will have a domino effect on all other rates globally within the coming weeks and months. They are having a big challenge with getting inflation back above 2% in the US. The only method that has been used to do this is by cutting rates - the reverse of what the Fed Chairman (Lockher or what's his name again) did in the 80's. They might also want to try tinkering on the employment figures. Reason this month's non - farm payroll will be of great interest to the erudite investor. Interesting times we are currently in. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:16pm On Jul 31, 2019 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 1:12am On Aug 01, 2019 |
meshpips: I can see that in your quest to build credibility here, like you were advised to, you have resorted to bringing conversations that are most relevant on the forex thread here with the haughty assumption that folks here are not conversant with them. When did the Fed fund's rate become the global benchmark for international transaction? Have you heard of LIBOR before? Why would a mere 25 bp cut in the fed funds rates have a domino effect on the rates of other countries? Are you aware that there was an inverted yield curve in the US in Q1 of this year? Didn't you see the forecast for today at 2.25%? In fact, the rate was at 1.50% at the beginning of last year, so ain't nothing surprising in the cut. Go and look at the performance of the dollar against other pairs, the average loss is about 100 pips, so there is nothing special here oga. When the US started raising rates in 2016, the BoJ moved rates to negative territory and it is still there. The BOE decreased its rate in 2017, leveled it up in 2018, and went 25bps up in 2019, look at the last MPC vote, all nine members voted for a hold, so no rate cut is coming from Carny and his gangs. Go look at what Draghi and his own gang did, what about the SNB? So, there is no established correlation between the movement in rates of the major economies. We have seen the Bernanke QE era, the Draghi "do whatever it takes" regime, the conservative Carney move from the BOC to the BOE, and the crazy Abenomics, so don't come and blow the effects of a mere 25bps out of proportion in the false hope that you're enlightening some novices here. The tall and short of this my rambling is that you are trying too hard to impress in the hopes of catching a big fish. As usual, you can continue living in self-denial and heed to the advice of those that are leading you astray. There is nothing that you need to know that I have not laid out here. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 1:26am On Aug 01, 2019 |
MTN to Convert Recharge Card Sellers to Financial Services Agents https://businesspost.ng/2019/08/01/mtn-to-convert-recharge-card-sellers-to-financial-services-agents/ C & I Leasing to Recapitalise Capital Base, Raise Fresh Funds https://businesspost.ng/2019/08/01/c-i-leasing-to-recapitalise-capital-base-raise-fresh-funds/ Lafarge Africa Clears $316.3m Debt after Sale of LSAH https://businesspost.ng/2019/08/01/lafarge-africa-clears-316-3m-debt-after-sale-of-lsah/ NSE Finally Delists Entire First Aluminium Nigeria Shares https://businesspost.ng/2019/08/01/nse-finally-delists-entire-first-aluminium-nigeria-shares/ PMA: CBN Raises Stop Rates of 91-Day, 364-Day Bills https://businesspost.ng/2019/08/01/pma-cbn-raises-stop-rates-of-91-day-364-day-bills/ |
Re: Nigerian Stock Exchange Market Pick Alerts by meshpips(m): 1:58am On Aug 01, 2019 |
Northeastern: Just so you know.
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Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 3:35am On Aug 01, 2019 |
Nigerian Breweries Shares Fall from N105 to N50 in One Year **N167 to N50 in Two Years https://businesspost.ng/2019/08/01/nigerian-breweries-shares-fall-from-n105-to-n50-in-one-year/ |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:35am On Aug 01, 2019 |
Northeastern: ![]() ![]() ![]() ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by meshpips(m): 4:56am On Aug 01, 2019 |
RabbiDoracle: I am loving the volatility the rate cut report has created. Sydney and Asian session have been really good so far. I have offloaded all my buy side USDJPY and have just one last sell on GBPUSD to cover. It's time for me to get some shut-eye so that I can be properly refreshed before London session.
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:07am On Aug 01, 2019 |
meshpips: BOE has always been a day after Fed. Copy copy. I expect them to cut rate too albeit marginal. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:10am On Aug 01, 2019 |
Northeastern: ![]() ![]() He can't catch me. He can't catch anyone here. At least we have warned people not to pay into anyone's account. Thanks bro 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:17am On Aug 01, 2019 |
meshpips: If you want to really make money in Forex, why don't you trade USDTRY? The volatility there na die. I don't trade Forex sha o. I will advice you read up on fundamental analysis of stocks rather than just TA alone . It will help you to understand stock investment better. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:19am On Aug 01, 2019 |
Infinitisi: Why didn't you use this to send the message? |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:22am On Aug 01, 2019 |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 6:41am On Aug 01, 2019 |
RabbiDoracle: He he, the spread na die. Place a trade on a standard lot and you'll start at about $700 in red. The higher the liquidity between pairs, the thinner the spread, that is why the EURUSD has the thinnest spread. |
Re: Nigerian Stock Exchange Market Pick Alerts by meshpips(m): 6:53am On Aug 01, 2019 |
RabbiDoracle: Maybe not, they might use the opportunity of this USD weakness to strengthen the Pound even further. The volume adjusted price of the Pound is still about 300 pips higher than where it is currently trading at. Check the sequence: H4 has a new bearish segment. While D1 did a new high compared to the previous day's candle and also failed to make a new low. If there is a good time to prop the pound up, today seems to be it. Make we dey watch sha |
Re: Nigerian Stock Exchange Market Pick Alerts by Infinitisi(m): 7:04am On Aug 01, 2019 |
RabbiDoracle: I no longer have access to the email I used in registering this particular moniker. So if I send with this I can't get the response. |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 7:22am On Aug 01, 2019 |
@ oracle: You started this talk again on forex o when you asked about Meshpip trades. Make una carry una forex talk to forex section o. Forex kills faster o ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by meshpips(m): 7:36am On Aug 01, 2019 |
pluto09: . . . By the time I am done with y'all in this thread, una go understand why I nor fit ever readily put my money inside NSE equities wey na "buy only" to come worsen the matter it is not leveraged. Shebi una dey see as the profit dey enter small small? The account size is very small compared to amounts you guys use in trading stocks. Na small small profit I still dey make but make we just remember say na from clap them dey enter dance. |
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