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  #1 (permalink)  
Old 24th May 2007, 10:45 PM
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Question Why so many banks on Technical Suspension

IBTC, Diamond Bank, Oceanic, UBA, Africbank........... some of this bank just came out of secondary offering, not IPO. why does it takes weeks to get them back on the board. I know 1st Bank, Access, and Intercontinental Bank will follow the same tradition.


I think NSE is using technical suspension to save some stocks, why can't we let market play it out. In transcorp case, it came out of IPO and started a free fall, the next thing, it is on technical suspension. I invested a lot money in that stock, but it is a game we must learn from mistakes abi. I have been trading in some big boards for years, NYSE ..... In NSE, why can't we short stocks, we need to make money when stock PRICE is going up and when it droping. Most money I have made from StockS came from shorting BIG PIGS, let say someone short Dangote @ 56, GTB @ 38, at its current price, YOU SHOULD BE VISITING YOUR BANK WITH MEGA CASH !!!This scrap that a stock can not go more -5% or +5% in a given day has to go. NSE has turn out to be a big player in the world exchange, let clean the house, and make it very attractive to the world.

Last edited by uzy1970; 25th May 2007 at 10:39 PM.
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Old 25th May 2007, 04:25 PM
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This problem needs a quick fix by our NSE. Technical suspensions are becoming a big pain in the neck.
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Old 25th May 2007, 09:02 PM
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I hate the technical suspension thing as well and lack of market makers. However, I'm for the maximum daily loss and price gain limit. I don't think we are matured (Naija) enough for that stage yet. I support the baby steps for now.
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Old 25th May 2007, 10:08 PM
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talking about tech suspension, when will oceanic come out of theirs... those guys dont want me to make money out of them!
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Old 26th May 2007, 02:11 AM
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I agree, Oceanic is very frustrating. The technical suspension is defn supposed to have been lifted. I need my money!!
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Old 26th May 2007, 03:58 AM
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Default UBA, Diamond & Oceanic - Off TS

At long last! According to a brief report by Proshare, quoting the NSE, The above named stocks will resume trading on Monday 28th May.
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Old 26th May 2007, 08:54 AM
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When I got the news alert from proshare, boy was I happy?. This has been a frustrating period as expressed by so many people so far.

And I was glad that the news was already posted by Stockbear.

Hopefully they will keep getting better on this aspect of NSE operations.
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Old 26th May 2007, 10:18 AM
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Stockbear, this is good news, my own champain that I put on ice, waiting for the suspensions to be lifted is now frozen !
What do I do? buy another champain to celebrate or forget the party altogether.
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Old 26th May 2007, 04:28 PM
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men! i think am the happeist man on earth will this relese of the price.

c kenneths, please dont mind if i say i'll rather drink that champain frozen than wait for it to thaw out.

so the next question to ask is "HOW MUCH TO SELL"
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