MarketWatch

[nosa2]

Originally Posted by knightofdelta

A potentially bearish news just hit my table. The bears may come out in the next few days but they cannot be strong enough to weaken the long term trend.

Summary: While prices remain good, better entry points will soon emerge.

NB. I don't have a short term portfolio any more (time no dey to do such analysis again) so all my investment tips, etc are strictly for long term purposes.

Oya make una offload NEM, cause right now that's all I'm buying so market dey

[nosa2]

Originally Posted by Ozone

Oga KOD sir, can you please explain what you mean by a potentially bearish news? I am more confused now

Ignore all this market news, let the fund managers keep confusing themselves you just keep buying NEM.

[Oracle]

Originally Posted by Ozone

Oga KOD sir, can you please explain what you mean by a potentially bearish news? I am more confused now

'Potential' is a probability.

[Oracle]

Originally Posted by nosa2

Oya make una offload NEM, cause right now that's all I'm buying so market dey

When did you start buying NEM? Thought you vowed not to venture into insurance?

Anyway sha, na 16% (yield on cost) guys dey wait for!

[hispy99]

Fund flow into Nigeria continues as US resolves Fiscal Cliff

[hispy99]

Investors take position ahead FY 2012 results

[Salida]

Foreign dominance in stock market worries stakeholders

[Salida]

Originally Posted by Salida

Foreign dominance in stock market worries stakeholders

“Retail investors have lost confidence in the market again. Nigerian Breweries delisted from the market on its own, Poly Products is on the verge of delisting, among others. That is to explain that things are not yet normal. The little recovery we are seeing is because the European economy is troubled and by the time it recovers, these foreign investors would exit our market and the market may crash again.

When did Nigerian Breweries delist from NSE?
Anyways, there are some valid points in the fact that overdependence on Foreign investors is just a timebomb waiting to explode.

[Salida]

Originally Posted by nosa2

So you just happened to guess that I'm currently in Borno

There was no conjecture at all. It was openly stated on the Easykobo site that NINJA was last heard to be in Borno. Maybe some of us just pay much attention to the very little details.

[Salida]

Originally Posted by manemi

Looks like the market is trying to kick off the January rally.

Originally Posted by horlads

Fire wey go soon quench...

Originally Posted by knightofdelta

Market is on fire.

I am tempted to blow my trumpet on my blog about making the right call to invest heavily in the market some weeks back...

"The January Effect was first observed in, or before, 1942 by investment banker Sidney B. Wachtel. It is the observed phenomenon that since 1925, small stocks have outperformed the broader market in the month of January, with most of the disparity occurring before the middle of the month.

When combined with the four-year presidential cycle, historically the largest January Effect occurs in year three of a president's term.

Culled from Wiki

[manemi]

66 Stocks on the Caution List for 2013 - Proshare

I wonder how many of the 66 stocks listed by Proshare are "fundamentally dead", and which may give 300% return in 2013.

[knightofdelta]

Originally Posted by Salida

For a market that is already doing 28000, 30000 mark is quite easy to achieve. However, what we should watch out for is the sustainability.
It is a futile effort trying to predict the direction of the market. For Value Investors, just continue your continual valuation and constant scanning of opportunities in the market.

I'm glad Sir KOD has joined the long-term boat.

All the speculations about the CBN reducing the interest rates are mere speculations or wishful thinking by Economists.

Going by the antecedents of SLS and his team and with the National assembly already passing a budget above the benchmark set by the executive, I still do not see the interest rates coming down in Q1 as envisaged.Also the politicking for 2015 will soon start.
I will like to see SLS proving me wrong though.

Gbam! That is the bad news that hit my table yesterday. It doesn't look like Sanusi is ready to reduce interest rates. An OMO auction was done yesterday to test the waters and the yields closed above 13% for both issues: this signals reducing liquidity. And now, the CBN is going to issue two more treasury bills to suck another N200 billion from the system today.

Whatever the case may be, this is a good time to be in equities. We might have to wait for the market to cool off like Horlads predicted and enter at better prices.

[knightofdelta]

Originally Posted by Ozone

Oga KOD sir, can you please explain what you mean by a potentially bearish news? I am more confused now

See my previous post...

[goldsun2]

Originally Posted by knightofdelta

Gbam! That is the bad news that hit my table yesterday. It doesn't look like Sanusi is ready to reduce interest rates. An OMO auction was done yesterday to test the waters and the yields closed above 13% for both issues: this signals reducing liquidity. And now, the CBN is going to issue two more treasury bills to suck another N200 billion from the system today.

Whatever the case may be, this is a good time to be in equities. We might have to wait for the market to cool off like Horlads predicted and enter at better prices.

if yield remain high then more money for the banks

[overload]

Originally Posted by knightofdelta

Gbam! That is the bad news that hit my table yesterday. It doesn't look like Sanusi is ready to reduce interest rates. An OMO auction was done yesterday to test the waters and the yields closed above 13% for both issues: this signals reducing liquidity. And now, the CBN is going to issue two more treasury bills to suck another N200 billion from the system today.

Whatever the case may be, this is a good time to be in equities. We might have to wait for the market to cool off like Horlads predicted and enter at better prices.

Originally Posted by goldsun2

if yield remain high then more money for the banks

We saw this same high interest rates in Tbills beggining of 2012 and yet still The Breweries Sector and my Darling' Nestle still returned a far higher yield than any fixed income instrument.

[goldsun2]

Originally Posted by overload

We saw this same high interest rates in Tbills beggining of 2012 and yet still The Breweries Sector and my Darling' Nestle still returned a far higher yield than any fixed income instrument.

with or without money people'll continue to drink alcohol, and whether interest rate is high or not Nestle know how they do their business

[afolabi27]

Originally Posted by knightofdelta

Gbam! That is the bad news that hit my table yesterday. It doesn't look like Sanusi is ready to reduce interest rates. An OMO auction was done yesterday to test the waters and the yields closed above 13% for both issues: this signals reducing liquidity. And now, the CBN is going to issue two more treasury bills to suck another N200 billion from the system today.

Whatever the case may be, this is a good time to be in equities. We might have to wait for the market to cool off like Horlads predicted and enter at better prices.

What! Sir KOD, you call this bad news? who want interest rate to go down? I beg leave am at that 12%, we are used to it, and we have figured a way around that. It won't stay up forever though, may be after 2015 election it could begin a downward trend.

Disclosure:

[eniyanman]

Ok, let me set-up myself for some yabbies at year end. New investment destinations for 2013. Wish me luck. Lol

1. Biotech & Pharmaceuticals
2. Vietnam (substitute for Nigeria)
3. Small companies India
4. Banks

Happy New Year and Best wishes!

[Salida]

Zenith & Forte Oil hit 52wk High & Low Respectively – 2012 Review - Proshare

[nosa2]

Originally Posted by Salida

There was no conjecture at all. It was openly stated on the Easykobo site that NINJA was last heard to be in Borno. Maybe some of us just pay much attention to the very little details.

My internet access right now is erratic at best so I hadn't actually been on easykobo for a. While and hadn't seen that my location was disclosed there.