MarketWatch

[donchisel]

Originally Posted by muranay@yahoo.com

donchisel,

Please let me know if there is any bank giving 14% interest and above on fixed deposit.
Let me know the minimum amount.

Depends on wether you have billions or millions. Skye and PHB will be happy to welcome you if you have Billions.

[donchisel]

Originally Posted by Babs_O

I think IAA have marketed themselves by having so many outstanding shares. It gets them noticed as they are always on the volumes chart. Don't know if this was a mangement strategy by IAA or a co-incident. Also they raised a lot of money in their last PP. Won't be surprised if their profits start jumping up and the PE improves sharply in the coming months. Sorry this is Market Watch thread but cannot resist chipping in this. (Disclosure: Have a stake from the last PP at N 0.55 following the stock split)

First in history, they did not appear in the top 10 volumes for today.

Any info on today's ASI details?

[panej]

Originally Posted by halfbread

tha market shows more red today than yesterday. anyway struggle still continue.

And all the Reds fell the maximum 1% except transcorp. There were a lot of unchanged though. Don't know how many of them were due to TS.

[billions]

The index decreased by 0.22%.

Well, d index cannot fall by more than 1% bk of d 1% restriction on price movement....so this 0.22% is worse than 1.1% on a normal day(when there is no restriction).

Cheers.

[BLUEMONEY]

Originally Posted by dannynoko

I guess we need to go find out if they are sleeping on duty. I think, from where we are today, it will will not be as bad before the intervention.

There is no need for them to be sleeping on Duty while they can all sleep off Duty by tendering thier resignation so that focused people can take charge.

[BLUEMONEY]

Originally Posted by olusolakemmy

if u said this around feb 2007, then i can just tell u that by march u will be able to sell it for 3+ but right now if u are really waiting for the shares to get to that price, you night never sell. well there is nothing wrong to be a parmanent shareholder.

we have to consider his entry price and may not want to offload with little profit so maybe he should still hang on.

[BLUEMONEY]

Originally Posted by zainabusman

Wednesday indeed turned out to be key as it was the day the managed bull run came to a halt. Will it recover on Thursday or will panic set in?

One thing that has not changed significantly during this bull run was value of transaction which remained low with a few spikes here and there. One key problem this market is facing is liquidity and for a bull run to be sustained, liquidity is required.

Some of the measures announced should address the liquidity problem, but that will take time.

I sincerely hope this 1% rule will be removed in the next few days. In my view, this rule is not in the overall interest of the market. It has provided temporary relief. Let the authorities allow a free and fair market. In my view manipulating the market can never restore confidence. It can only erode it.

In the meantime, it is best to take a medium to long term view of the market (1 to 2 years at least).

If thier intention was to manipulate the market by introducing the 1% rule, then they should go back to school and learn again. one simple way to manipulate the market is to make 15,000 units for upward movement while 500,000 thousand units for downward movement while leaving the maximum 5% up & down rule.

I also heard that the market makers will be the custodian of the stabilization fund so that will partially settle the liquidity problem as they are given a timeframe to return the money.

I dont know how long it will them to finalize the modalities of both. I hope it comes soon so that we know what they are up to.

[BLUEMONEY]

Originally Posted by donchisel

Yeah, it won't be easy but the management team i see looks very optimistic. Sorry for this digression, but i feel they are winning more stakeholders by the day. That spells good business for them in the nearest future.

Let's go back to market watch. When is the right time to enter more stocks.

they are looking very optimistic ????? No wonder they said they wont reconstruct thier shares. if they do that, then a price of 3+ will be Achieved sooner when this market stabilizes.

[zubychyle]

Originally Posted by muranay@yahoo.com

We are still far from promise land going by today market activities.

You don't expect prices to go one way in a stock market.

[BLUEMONEY]

Originally Posted by halfbread

tha market shows more red today than yesterday. anyway struggle still continue.

Men Investing in Stocks doesnt have to be a struggle if not for stupid policies that is keeping investors out of this market. I dont know when the next policy will be introduced, but when it is implemented, I will give it 3 weeks to prove positive before entering this market.

[saidone technology limit]

sorry for this is not wapic forum.


Zenith securities has publish that wapic P/E is 4.98x

Please can the forum confirm if this is true ?

Bcos I want to enter this stock

[Catweasel]

I have written to Tochi one of the Zen Sec analysts, who is normally very helpful, asking how the arrived at an EPS of 1.14 compared to the 0.3 forward EPS I am looking at.

That was at least a couple of weeks ago. No reply. Have re-asked the qustion twice more and still silence. Have even asked one of his colleagues to give him a dirty slap and tell him he owe's me a mail .......... nothing

I can only assume it was a rush of blood to the spreadsheet

sorry!

I am big on WAPIC and am still confident they will do well. Certainly they were one of the few blue numbers on the screen today

[waaan5]

Originally Posted by Catweasel

I have written to Tochi one of the Zen Sec analysts, who is normally very helpful, asking how the arrived at an EPS of 1.14 compared to the 0.3 forward EPS I am looking at.

That was at least a couple of weeks ago. No reply. Have re-asked the qustion twice more and still silence. Have even asked one of his colleagues to give him a dirty slap and tell him he owe's me a mail .......... nothing

I can only assume it was a rush of blood to the spreadsheet

sorry!

I am big on WAPIC and am still confident they will do well. Certainly they were one of the few blue numbers on the screen today

That said, let's return to watching the market (and talk of wapic in the apprropriate forum).

Methinks this 1% downward rule was done deliberately not as a 'senseless measure', but a means of allowing the market gradually fall. The logic behind this is that it takes 5 business days now instead of 1day for a stock to fall 5%. Now for a stock to lose 20% of it's value, it would take a month or thereabout by which time the panickers might have been 'pacified' by good quartely results or some local govt chairmen/politicians might have succeeded in diverting part of the monthly allocation from the federation account, and throw into the market to take the slack.

On this count, I think it is a good move.

Disclosure: The 1% rule enabled me to dash back from the States to personally transfer some chevron stocks from my special account to my brokers enabling me to still sell at a high of N431 (bought N63) when the stock has been falling max 1% for many days now.

[azob2002]

[quote=waaan5;29690]That said, let's return to watching the market (and talk of wapic in the apprropriate forum).

Methinks this 1% downward rule was done deliberately not as a 'senseless measure', but a means of allowing the market gradually fall. The logic behind this is that it takes 5 business days now instead of 1day for a stock to fall 5%. Now for a stock to lose 20% of it's value, it would take a month or thereabout by which time the panickers might have been 'pacified' by good quartely results or some local govt chairmen/politicians might have succeeded in diverting part of the monthly allocation from the federation account, and throw into the market to take the slack.

On this count, I think it is a good move.

Disclosure: The 1% rule enabled me to dash back from the States to personally transfer some chevron stocks from my special account to my brokers enabling me to still sell at a high of N431 (bought N63) when the stock has been falling max 1% for many days now.[/QUOTE]

Now.. this is different strokes for different folks abi... meanwhile Waan5 where we go meet make we take some bite from ur loot?
As for the market.. we are rest assured that the therapy did not work...maybe time would prove me wrong

[hispy99]

Originally Posted by waaan5

That said, let's return to watching the market (and talk of wapic in the apprropriate forum).

Methinks this 1% downward rule was done deliberately not as a 'senseless measure', but a means of allowing the market gradually fall. The logic behind this is that it takes 5 business days now instead of 1day for a stock to fall 5%. Now for a stock to lose 20% of it's value, it would take a month or thereabout by which time the panickers might have been 'pacified' by good quartely results or some local govt chairmen/politicians might have succeeded in diverting part of the monthly allocation from the federation account, and throw into the market to take the slack.

On this count, I think it is a good move.

Disclosure: The 1% rule enabled me to dash back from the States to personally transfer some chevron stocks from my special account to my brokers enabling me to still sell at a high of N431 (bought N63) when the stock has been falling max 1% for many days now.

chei, na your private jet you take "dash" to naija? So you can still buy Jet-A fuel for your jet unlike Diddy that was complaining the other day that he was abandoning his jet and flying commercial now because of high gas prices.

I finally support the motion that your new name should be trillions

[waaan5]

Originally Posted by hispy99

chei, na your private jet you take "dash" to naija?