MarketWatch

[c kenneths]

Originally Posted by billions

To prevent the remaninig investments from disappearing....I now use a combination of fundamental,technical and spiritual analysis.

Oceanic is likely gonna remain number 1 on my buy list if the decline shd continue.

Enjoy.

I am with you on that Oceanic watchout. I will start loading immediately it goes lower than N6.00.

[dayoadebayo]

Originally Posted by muranay@yahoo.com

TRADING RESULTS


Volume traded today is 250,948,358 valued at N1,521,212,487.07

More red as usual.

Index may go down again.

29 Gainers 60 Losers

[wanaj0]

Originally Posted by dayoadebayo

29 Gainers 60 Losers

An improvement with First Bank and UBN making the gainers list. Even if the index closes lower, the slide will not be like yesterday. It appears as if the market is firming up. We are not breaching the previous lows.

Not a bad outing though.

[waaan5]

Originally Posted by lordgbengss

Funny,whick stock on NYSE are u talking abt?ok send a brief of how u analyse charts and let me see if i can help,thanks for the offer,you can give your money to the poor.:D

Panej, you heard it from the horses mouth. Let lordgbengs do all the heavylifting and brain crakings and send the payment for his efforts to me (the poor).

[dayoadebayo]

Originally Posted by wanaj0

An improvement with First Bank and UBN making the gainers list. Even if the index closes lower, the slide will not be like yesterday. It appears as if the market is firming up. We are not breaching the previous lows.

Not a bad outing though.

Lots of heavyweight stocks gained today. Index slide will be minimal


Index down 0.86%(Not Minimal) at 21980.02

[nosa2]

Any country can de-value its currency simply by printing more money, in most other countries of the world this would cause hyper inflation, but in the Usa they could probably just get away with a slightly de-valueated currency. As for our dear currency i know that the present government would push de regulation thru, not because the current president has such great negotiating skills but rather because he has no choice, NIGERIA IS BROKE. Labour can shout all they want but unless they want a 50% reduction in the civil service they have to take de regulation, Nigeria would be saving over a 25% of the budget, not accepting that would be treason in my book.

[panej]

Originally Posted by waaan5

Panej, you heard it from the horses mouth. Let lordgbengs do all the heavylifting and brain crakings and send the payment for his efforts to me (the poor).

I hear you. At least some people can still declare themselves "RICH" with all that's going on. I know wealth is relative and it all depends on whom you're comparing yourself to. With the people I compare myself to, I'm still as poor as a church (mosque) rat and would readily appreciate any handout from my blog friend if he has any to spare.

[waaan5]

Originally Posted by hispy99

Yes, you are correct the U.S is spending money like
BTW, Obama says stocks are cheap now, so Waaan5, bring out your check book and buy, buy, buy.

Me ke buy? Because your fellow chicagoan says so? I confess I do not understand stocks. I am now full time in real estate. If you have anything in that sector tell me. Like the deal where a friend of mine just bought a house for $80K out there in gorgia and is renting it out for $1500/mth. Which stock rewards better than that (now and in the hereafter)?

Until I see the 'dividends' of the stimulus/rescue package, I believe with the repubs in obamania.

[panej]

I noticed that Regency Alliance Insurance traded at a low of 48 Kobo, despite closing at 50 Kobo. Has there been any change to rock-bottom being pegged at Par Value?
Meanwhile, the 50 Kobo club is strengthening, ruled by the insurance sector!!!

Date	                 Stock	Open	High	Low	Close
04/Mar/2009	GOLDINSURE	0.5	0.5	0.5	0.5
04/Mar/2009	IAINSURE	0.5	0.5	0.5	0.5
04/Mar/2009	REGALINS	0.5	0.5	0.48	0.5
04/Mar/2009	LINKASSURE	0.55	0.53	0.53	0.53
04/Mar/2009	UNIVINSURE	0.54	0.54	0.54	0.54
04/Mar/2009	HMARKINS	0.57	0.55	0.55	0.55
04/Mar/2009	MULTIVERSE	0.57	0.59	0.55	0.59

[dayoadebayo]

Originally Posted by panej

I noticed that Regency Alliance Insurance traded at a low of 48 Kobo, despite closing at 50 Kobo. Has there been any change to rock-bottom being pegged at Par Value?
Meanwhile, the 50 Kobo club is strengthening, ruled by the insurance sector!!!

Date	                 Stock	Open	High	Low	Close
04/Mar/2009	GOLDINSURE	0.5	0.5	0.5	0.5
04/Mar/2009	IAINSURE	0.5	0.5	0.5	0.5
04/Mar/2009	REGALINS	0.5	0.5	0.48	0.5
04/Mar/2009	LINKASSURE	0.55	0.53	0.53	0.53
04/Mar/2009	UNIVINSURE	0.54	0.54	0.54	0.54
04/Mar/2009	HMARKINS	0.57	0.55	0.55	0.55
04/Mar/2009	MULTIVERSE	0.57	0.59	0.55	0.59

These stocks are actually trading lesser than 0.50k. for example IAINSURE sells for about 0.32k but officially regarded as selling at 0.50k

[panej]

Originally Posted by dayoadebayo

These stocks are actually trading lesser than 0.50k. for example IAINSURE sells for about 0.32k but officially regarded as selling at 0.50k

You mean that a market order for IAINSURE will execute at about 32K? Won't it be nice to reflect that in the listings for transparency purposes?

[dayoadebayo]

Originally Posted by panej

You mean that a market order for IAINSURE will execute at about 32K? Won't it be nice to reflect that in the listings for transparency purposes?

You will recall that when very good stocks are placed on technical suspension, to buy you sometimes have to pay premium on the listing price. The reverse is the case with stocks not quite in demand. Dont forget that the person trying to sell may need money at all costs.

[dayoadebayo]

Originally Posted by dayoadebayo

You will recall that when very good stocks are placed on technical suspension, to buy you sometimes have to pay premium on the listing price. The reverse is the case with stocks not quite in demand. Dont forget that the person trying to sell may need money at all costs.

However for transparency sake, I just think we should remove all this ceilings so that all stocks find their normal level. Even if it is 0.01k or less

[panej]

Originally Posted by dayoadebayo

However for transparency sake, I just think we should remove all this ceilings so that all stocks find their normal level. Even if it is 0.01k or less

Amen to that!!

[hokiebear]

Has the NSE done away with the minimum trade volume requirement to move a share's price? I am seeing price adjustments to shares that only traded 1,000 or so units.

[dayoadebayo]

Originally Posted by hokiebear

Has the NSE done away with the minimum trade volume requirement to move a share's price? I am seeing price adjustments to shares that only traded 1,000 or so units.

No, all will be corrected before start of trade tommorrow

[dayoadebayo]

Originally Posted by hokiebear

Has the NSE done away with the minimum trade volume requirement to move a share's price? I am seeing price adjustments to shares that only traded 1,000 or so units.

So it looks, but no official announcement to that yet.

[knightofdelta]

Originally Posted by c kenneths

I have come to learn one fact in everything I do. The fact is that the simpler a process/ procedure, the easier it is to make money for you in business. We always make the mistake of assuming that we should go the extra mile in analyzing stocks using all sorts of charts and tables to make the job of picking stocks easier. We complicate thing in other to make them easier!

That will sound better if only it will prove to make money to justify the extra expenses of buying and installing one trading program or the other, and most importantly the time wasted learning and relearning it, testing its efficiency as opposed to the conventional hard work of digging up info, news and changes in the economic climate of the particular economy.

More often than not, the charts will give you a post-mortem analysis, changing the direction of the trend after the fact. And God help you if the market decides to do what it does best, become IRRATIONAL. In this vein the indicators will be signalling that all is well, the results are good, the bids are healthy, the liquidity is high, the PE is fantastic, but for one reason not covered by the charts, the price keeps moving down.

Most people that make trading charts never use them, develop it in the hope that it will be useful for another person, if it is so good then you will never get to see it sold or circulated. The owner will not like his tactics revealed.

My advice is that we learn how to operate in a margin of error. By this I mean that we learn how to buy stocks only when it is very safe to do so. Buying Oceanic below N6 is a margin of error because with the results so far announced, you are looking at a healthy profit. Even if the price does go down, you are better off buying more as it gets juicier. The charts could point you to something else, for reasons best known to it and you could trust it and make losses.

Ok, I understand your skepticism about technical analysis. I am a core fundamentalist but there are times when you just have to open your mind to some things. Just because you don't understand a concept does not mean it is not simple and just because one or two people have rubbished it does not mean it does not work. I never for once claimed that technical analysis is superior to fundamentals but the truth of the matter is that they go hand in hand.

You cannot use TA to accurately predict the future but you can use use the trend of the past to determine what is going on at the moment. Even you have used TA without knowing it. You were able to buy Oceanic at a low price, why did you wait? Why didn't you buy at around N8? Even at N11 it is undervalued. That wait is a form of technical analysis.

I have been hit by the market and I have decided to make my money back from this same market. I decided to add TA to my arsenal and I have used it several times since late January. And for your information, I have made over 20% returns within that period using TA.

I bought FCMB at N3.40 and sold at N4.35. I bought First Bank at N13.70 and sold at N18.22. I bought IEI at N1.18 and sold at N1.43. I bought Redstar at N2 and I am still in. I bought Flourmills at N11.10 and I am selling tomorrow. This is full disclosure... I have not lost a single kobo so far.

When I buy the next stock, I will let you know. I have my eyes on Bagco and ETI. And I am using TA.

[azob2002]

Originally Posted by knightofdelta

Ok, I understand your skepticism about technical analysis. I am a core fundamentalist but there are times when you just have to open your mind to some things. Just because you don't understand a concept does not mean it is not simple and just because one or two people have rubbished it does not mean it does not work. I never for once claimed that technical analysis is superior to fundamentals but the truth of the matter is that they go hand in hand.

You cannot use TA to accurately predict the future but you can use use the trend of the past to determine what is going on at the moment. Even you have used TA without knowing it. You were able to buy Oceanic at a low price, why did you wait? Why didn't you buy at around N8? Even at N11 it is undervalued. That wait is a form of technical analysis.

I have been hit by the market and I have decided to make my money back from this same market. I decided to add TA to my arsenal and I have used it several times since late January. And for your information, I have made over 20% returns within that period using TA.

I bought FCMB at N3.40 and sold at N4.35. I bought First Bank at N13.70 and sold at N18.22. I bought IEI at N1.18 and sold at N1.43. I bought Redstar at N2 and I am still in. I bought Flourmills at N11.10 and I am selling tomorrow. This is full disclosure... I have not lost a single kobo so far.

When I buy the next stock, I will let you know. I have my eyes on Bagco and ETI. And I am using TA.

Bros, I can see clearly that the TA is working on ur side? How come it did not work when the rampaging bears were tearing the NSE apart? Anyway I think there should be full disclosure in the house.. make u dey carry people along once u want to enter Eldorado... so na which stocks we dey look at now... na only Bagco and ETI?

[c kenneths]

Originally Posted by knightofdelta

Ok, I understand your skepticism about technical analysis. I am a core fundamentalist but there are times when you just have to open your mind to some things. Just because you don't understand a concept does not mean it is not simple and just because one or two people have rubbished it does not mean it does not work. I never for once claimed that technical analysis is superior to fundamentals but the truth of the matter is that they go hand in hand.

You cannot use TA to accurately predict the future but you can use use the trend of the past to determine what is going on at the moment. Even you have used TA without knowing it. You were able to buy Oceanic at a low price, why did you wait? Why didn't you buy at around N8? Even at N11 it is undervalued. That wait is a form of technical analysis.

I have been hit by the market and I have decided to make my money back from this same market. I decided to add TA to my arsenal and I have used it several times since late January. And for your information, I have made over 20% returns within that period using TA.

I bought FCMB at N3.40 and sold at N4.35. I bought First Bank at N13.70 and sold at N18.22. I bought IEI at N1.18 and sold at N1.43. I bought Redstar at N2 and I am still in. I bought Flourmills at N11.10 and I am selling tomorrow. This is full disclosure... I have not lost a single kobo so far.

When I buy the next stock, I will let you know. I have my eyes on Bagco and ETI. And I am using TA.

Its not as if I dont understand technicals, its the ever changing dynamism of the whole thing which will tend to render one system obsolete that tasks my patience. I have leant lots of charting patterns, the candlesticks, etc and have come to regard them as waste of time since they cannot tell me what will happen tomorrow.

What we think will happen tomorrow may change because of changes in the traders buying appetite and till I see trading softwares that can measure investor behaviour before they take action, I will maintain my scepticism.

I dont think TA is simple, something that will make me gaze at my computer for hours crosschecking patterns is def not simple, I like it when I look at the price list and it tells me the whole story.

I was nearly wiped out by the market crash but I am recovering, sold fast before I could take more loss. Not as if I doubt your ability to generate those profits because I was also into FCMB at N3.56, didnt sell and am waiting to buy more around 3.50. I also bought Uhomes at 1.80 and am buying more if it goes below 1.80, but I can handle them on my own without looking at charts, just the pricelist and am okay.