Latest Forum Posts

• Re: MarketWatch by willhenry123

  February 9, 2010, 2:15 am
  [QUOTE=nosa2;67012]i agree with you totally, but i believe we'll be seeing the bulls reappear in a different sector. I expect the bears to chew up banking and building materials (cement), while the bulls will charge into the insurance sector and maybe (hopefully) conglomerates. In the insurance sector i'll advise we look out for goldlink and royal exchange, i expect close to 100% returns in these stocks before march ending. Personally, starting monday i'm attacking royal exchange with my full arsenal and wont stop till its 30% of my portfolio. For those who dont already know i'm a glorified petrol station attendant and hence knows didely squat about stocks, this prediction should be taken as serious as Clifford Orji's yearly stock picks (assuming he had one).[/QUOTE] @nosa,Never really smelt this one coming. Royal exchange i undastand but goldlink i dont understand..pls help me out explainin ur rational 4goldlink lemme c if i can join u in the attack ,general sir.. ;D Reply...
  

• Re: The Banks by pumping

  February 9, 2010, 1:47 am
  [QUOTE=hispy99;67120]hmmm, maybe this is the positioning Waaan5 was alluding too...hmmmmm[/QUOTE] It could be. The interesting thing is that even Spring Bank lost steam today. Reply...
  

• Re: The Banks by hispy99

  February 9, 2010, 1:42 am
  [QUOTE=pumping;67119]The action has started....possibly another session of volatility for bank stocks...[/QUOTE] hmmm, maybe this is the positioning Waaan5 was alluding too...hmmmmm Reply...
  

• Re: The Banks by pumping

  February 9, 2010, 1:12 am
  [QUOTE=eniyanman;67117][url=http://www.vanguardngr.com/2010/02/08/foreign-bank-buys-into-3-troubled-banks/]Vanguard News Online[/url] This seems to be a big endorsement for the reforms! Fortune favours the brave!![/QUOTE] The action has started....possibly another session of volatility for bank stocks... Reply...
  

• Re: MarketWatch by pumping

  February 9, 2010, 1:08 am
  [QUOTE=eniyanman;67115]I no know o. [B]A whopping 40%[/B] (even die-hard optimists accept this will be difficult) rise in the index equates to average daily rate of ~0.16%. At this run-rate, Happy investing![/QUOTE] Abeg, what do you mean by the 40%? Reply...
  

• Re: The Banks by eniyanman

  February 9, 2010, 12:30 am
  [url=http://www.vanguardngr.com/2010/02/08/foreign-bank-buys-into-3-troubled-banks/]Vanguard News Online[/url] This seems to be a big endorsement for the reforms! Fortune favours the brave!! Reply...
  

• Re: oceanic bank by eniyanman

  February 9, 2010, 12:17 am
  @yodi, Long time. Abeg make you come back o (you and Wendy). We go need plenti accountant sense to analyse these banks when they release their result. That perspective is always very helpful. Reply...
  

• Re: MarketWatch by eniyanman

  February 9, 2010, 12:03 am
  [QUOTE=horlads;67081]As noted earlier, Index went DOWN...by 1.56% with 18 advances and...wait for this...[B]FIFTY-FOUR[/B] declines. [B]where do we go from here?[/B] pumping, KOD, Hispy, Eniyanman, Nosa, Waan5, Wanaj0, 20% [I]et al.[/I]...where una dey?[/QUOTE] I no know o. A whopping 40% (even die-hard optimists accept this will be difficult) rise in the index equates to average daily rate of ~0.16%. At this run-rate, the index should be up ~4.4%, however, YTD, it's up ~10%. This is impressive but [B]definitely not sustainable[/B]. It begs the question, "is this another bubble?". Well, I don't know, however, having made more these past weeks than the whole of 2009, I can be pardoned for being cautious. In my case, I have adjusted my strategy/hedge. I will continue to take profits (tomorrow, day after...) and hold cash while retaining an balanced exposure to the market. The ultimate plan is to be in a position to benefit from either a rising or falling market. One thing I don't envisage is to bring in new capital (at least not till the banks release results). Any acquistion must be funded from existing cash or from porfolio sales (using it as some form of liquidity stress test). In conclusion, I am LONG! I expect the index to close the year higher than current level, however, I doubt it will be a straight path, there will be (perhaps, massive) corrections along the way. I reckon those who better manage liquidity will end up being the biggest winners. I may be wrong, very wrong. Happy investing! Reply...
  

• Re: MarketWatch by pumping

  February 8, 2010, 10:54 pm
  [QUOTE=londoncool;67113]Is'nt there any speculative Insurance stock for punters to peruse?[/QUOTE] A few....Lasaco, Goldinsure, Intenegins, Nem.... Reply...
  

• Re: MarketWatch by londoncool

  February 8, 2010, 10:51 pm
  Is'nt there any speculative Insurance stock for punters to peruse? Reply...
  

• Re: MarketWatch by pumping

  February 8, 2010, 10:49 pm
  [QUOTE=waaan5;67110]Sir, but we dey share eerything now! Ok, on when I sell, a good rule-of-thumb for me is to sell at about 20% gain (I love that your name, but I am considering raising this to 30% in view of the gradual creeping up of investor confidence), if I am not so sure of the stock and/or the appreciation was very steep like done in 5 trading days. But if I get on the cheap, a stock with subsequent good flow of positive market sentiments/news (like Flourmills, Skye bank, Access bank), I wait to milk more. [B]And I target to exit typically shortly before a major company announcement like full year results/corporate actions. [/B][/QUOTE] Chei....part in bold.....See the master!!! Buy on rumour, sell on news.... Reply...
  

• Re: MarketWatch by waaan5

  February 8, 2010, 10:47 pm
  [QUOTE=pumping;66945]Yes, it is very easy to sell too early but how can this be avoided? It can be painful but personally, it never worries me because you can also sell too late. I just don't have the talent for getting the timing right. I pull the trigger when I get to my target. This is something I try very hard not to violate. I avoid moving the goal post based on sentiments in the market except there is real compelling evidence of a sustained bull run. It also does not profit anyone to be holding on to a stock after retracting 30% from the current price when it could have been sold. Also, I usually sell when I think I have found a stock with better upward potential to sink the funds into. Just to give you an idea of why holding onto a stock for long does not appeal to me. [B]In January, the turnover on my portfolio was 330% so I don't need mega margins to hit my target. [/B]Of course, this is just my own preferred style.[/QUOTE] And i was thinking I am the only speculator here. The rest of y'all being investors:D Reply...
  

• Re: MarketWatch by waaan5

  February 8, 2010, 10:43 pm
  [QUOTE=twentypercent;66943]That is always the dilemma, the latest gist on skyebank helped me make a decision not to pull the trigger just yet while I feel monday might be an ideal time to pull out of my UBA holdings. i have violated my 20% principle on both count and will only sell when i see the first sign of red ink on non-SLS banks...some new openings have opened up for today in the insurance sector and i might need to realign by next week. only guys like you, KOD and pumping can accurately predict when to pull the trigger...[B]but you no dey tell boys for here, na so so buy you dey tell us but we know say you dey sell too na[/B] :)[/QUOTE] Sir, but we dey share eerything now! Ok, on when I sell, a good rule-of-thumb for me is to sell at about 20% gain (I love that your name, but I am considering raising this to 30% in view of the gradual creeping up of investor confidence), if I am not so sure of the stock and/or the appreciation was very steep like done in 5 trading days. But if I get on the cheap, a stock with subsequent good flow of positive market sentiments/news (like Flourmills, Skye bank, Access bank), I wait to milk more. And I target to exit typically shortly before a major company announcement like full year results/corporate actions. Reply...
  

• Re: GoldLink Insurance by pumping

  February 8, 2010, 10:42 pm
  [QUOTE=nosa2;67106]Guys i'm about to enter this stock, the result looks very good relative to the price but whats all this gist about board room squabbles? Pumping and other insurance sector gurus, i beg whats the bad news about this stock?[/QUOTE] All insurance stocks have one bad news or the other. when I was packing Lawunion at 50k, it did not look wise but today it closed at 63k. IEI will be available at 55k tomorrow. Why should I ignore the stock? I know there is potential dilution if the Japanese yen debt they owe is converted, and I have figured this can be as bad as 40%. All the same, this does not equate the value of the stock to 5k. We will keep avoiding them because of one bad news or the other but eventually water will find it's level. I already bought Goldinsure and I am waiting for more at the right price. I have discouted the stock at 50% and it still looks okay to me. There is always some element of risk of course. Like I have always said, one major problem with the insurance sector is the volume of shares trapped in margin loans. Due to the low nominal value, we are talking of really high volumes which have a potential to depress the price. Reply...
  
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