MarketWatch

[wanaj0]

Very bloody day. Even ETI is on a free fall now.

[Abinishio]

Let blood flow (lol)

[huru]

That is very good, now we can buy stock as we buy groceries. I pray for it to last two week (amin) lol

[muranay@yahoo.com]

Originally Posted by wanaj0

Very bloody day. Even ETI is on a free fall now.

MARKET DETAILS:


Deals: 8,686

Volume: 521,426,600

Value: N4,4o8,785,557.82

[123.rado]

Market closed.

All the banks lost except access, firstbank, skye, uba, unity. even ETI lost 0.90kobo (4.97%). Stdinsure is still weathering the storm, closed at N1.63.

[twentypercent]

Originally Posted by huru

That is very good, now we can buy stock as we buy groceries. I pray for it to last two week (amin) lol

when I see people who are serious about buying oceanic at N5.00 or hoping that the bear run continue for the next 2 weeks, I tell myself that the hopefully this current state of the market is being driven by real investors who rely on fundamentals and not 'this' current group of short-term profiteers.
People who dance at the sight of daily lower prices just because they have some little change to invest need to be reminded that any serious 'crash' now will almost if not definitely kill whatever confidence is coming back into our market despite our regulatory lapses, I sure hope they have taught about the fact that when there is a crash, everybody loses long term and all this their thirst for price crash will mean nothing.
This herd mentality needs to stop, or at least be reducd on SMN, it's been a while since I read something enlightening here (sanusi's body language as been interesting of late!)....let investors talk more and the 'daily' traders less.

[knightofdelta]

Originally Posted by twentypercent

when I see people who are serious about buying oceanic at N5.00 or hoping that the bear run continue for the next 2 weeks, I tell myself that the hopefully this current state of the market is being driven by real investors who rely on fundamentals and not 'this' current group of short-term profiteers.
People who dance at the sight of daily lower prices just because they have some little change to invest need to be reminded that any serious 'crash' now will almost if not definitely kill whatever confidence is coming back into our market despite our regulatory lapses, I sure hope they have taught about the fact that when there is a crash, everybody loses long term and all this their thirst for price crash will mean nothing.
This herd mentality needs to stop, or at least be reducd on SMN, it's been a while since I read something enlightening here (sanusi's body language as been interesting of late!)....let investors talk more and the 'daily' traders less.

Well said but the problem is majority of the stocks in the NSE are no longer undervalued. Most are already trading at fair values and using Warren Buffet style, no real investor will want to dip their head into a security without a safety margin.

[zainabusman]

Originally Posted by twentypercent

when I see people who are serious about buying oceanic at N5.00 or hoping that the bear run continue for the next 2 weeks, I tell myself that the hopefully this current state of the market is being driven by real investors who rely on fundamentals and not 'this' current group of short-term profiteers.
People who dance at the sight of daily lower prices just because they have some little change to invest need to be reminded that any serious 'crash' now will almost if not definitely kill whatever confidence is coming back into our market despite our regulatory lapses, I sure hope they have taught about the fact that when there is a crash, everybody loses long term and all this their thirst for price crash will mean nothing.
This herd mentality needs to stop, or at least be reducd on SMN, it's been a while since I read something enlightening here (sanusi's body language as been interesting of late!)....let investors talk more and the 'daily' traders less.

The market is for everybody:Traders, Speculators and Investors. The entire purpose of Investing is in the end to make money. Whether u are a speculator, a trader or an investor ur prime goal is to be buy at a lower price and when u decide to sell to do so at a higher price.

I dont think anybody is praying or hoping for a crash. What is happenning is that members are seeing the positives in a falling market. A falling market provides opportunity to buy assets at lower prices. There is nothing wrong in that.

This is the time of the year when things slow down and get boring. So do not be surprised if SMN dries up a bit. It is up to us to make it interesting and enlightening.

[123.rado]

Originally Posted by muranay@yahoo.com

MARKET DETAILS:


Deals: 8,686

Volume: 521,426,600

Value: N4,4o8,785,557.82

Index :28,627.29

Cap. :N 6,528,659,722,455.40

Index depreciated further by (0.98%)

[zainabusman]

Originally Posted by 123.rado

Index :28,627.29

Cap. :N 6,528,659,722,455.40

Index depreciated further by (0.98%)

A few weeks ago, FSDH in their daily report, "predicted" that Index will turn positive the next day. That was after the amazing bull run. Alas the next day, the Index fell. Since then we have been slowly getting away from the opening for the year. We are getting closer to the previous low in this cycle. Lets see whether it will be broken or not before we see a reversal.

[muranay@yahoo.com]

Originally Posted by muranay@yahoo.com

MARKET DETAILS:


Deals: 8,686

Volume: 521,426,600

Value: N4,4o8,785,557.82

Index closed at 28,627.29 with capitalization of N6,528,659,722,455.40.

Index is down by 1.0%

[blanka]

Originally Posted by zainabusman

The market is for everybody:Traders, Speculators and Investors. The entire purpose of Investing is in the end to make money. Whether u are a speculator, a trader or an investor ur prime goal is to be buy at a lower price and when u decide to sell to do so at a higher price.

I dont think anybody is praying or hoping for a crash. What is happenning is that members are seeing the positives in a falling market. A falling market provides opportunity to buy assets at lower prices. There is nothing wrong in that.

This is the time of the year when things slow down and get boring. So do not be surprised if SMN dries up a bit. It is up to us to make it interesting and enlightening.

True talk Zain!

[huru]

twentypercent
Member Join Date: May 2009
Posts: 36
Rep Power: 0


Re: MarketWatch

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Quote:
Originally Posted by Dansanda
Any one with today market information? As the forum is quite for a while; I am afraid whether bears declare war against the bulls in the market.

Any body with useful information, pls gist us

Let the bears remain winners for the time being o, those bulls really dealt with ppl the last time they had their run, at least a period of bear dominance will help in investing opportunities.


twentypercent
Member Join Date: May 2009
Posts: 36
Rep Power: 0


Re: GTBank

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This bear is sweeting me o....ready to pounce on GTB shares again !


twentypercent
Member Join Date: May 2009
Posts: 36
Rep Power: 0


Re: GTBank

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I am very sure this bear is one of those ones used to trick folks into selling their stocks so that the big money men can buy them all, 'you fool me once shame on you, fool me twice shame on me'....lailai, I no dey shift ground...we go ride the next bull 2geda.

June 2009, 11:19 PM
twentypercent
Member Join Date: May 2009
Posts: 36
Rep Power: 0


Re: GTBank

--------------------------------------------------------------------------------

Quote:
Originally Posted by billions
Twentypercent? It is now clear that 20% gain is not enough for you again.

Maybe you shd change ur login name to Lionshare.

Enjoy my brother.

my investing philosophy still holds, it's just that I hurriedly sold off my bank holdings during the last 2-day bear and have had to look on as the bull just dey sprint with accelerating alacrity!
with guru's like you and others on SMN, i might have to moved to 'thirtypercent' soon.
cheers everyone!

There will always be bear and bull run.

[hispy99]

NSE, brokers contest new 500,000 share trading limit

[zainabusman]

Originally Posted by hispy99

NSE, brokers contest new 500,000 share trading limit

I dont know what is wrong with NSE management. As one of the brokers rightly mentioned, the increase in number of deals simply because there is now a maximum per deal (500k units) gives the impression that more deals are being executed and therefore the market is bouyant. Why cant they leave the market alone?

[c kenneths]

Originally Posted by hispy99

NSE, brokers contest new 500,000 share trading limit

They said they need the sellers mandate before an order of above 500k units could be traded. What type of mandate, manual or electronic? This is a guise to delay SELLING, I dont think they will refuse buying, even if its an order for 40 billion units.

[docjuli]

Sanusi to lift ban on foreign takeover of banks

join me as i celebrate 100 days in office sorry 100th post.

[azob2002]

Originally Posted by docjuli

Sanusi to lift ban on foreign takeover of banks

join me as i celebrate 100 days in office sorry 100th post.

So na since when we begin congratulate for making 100 post? anyway in the normal naija way, where we go hook up? Anything calls for celebration even if na loot we loot for the 100 days in office.

[docjuli]

Originally Posted by azob2002

So na since when we begin congratulate for making 100 post? anyway in the normal naija way, where we go hook up? Anything calls for celebration even if na loot we loot for the 100 days in office.

SMN is d venu

[pegheneji]

Originally Posted by docjuli

Sanusi to lift ban on foreign takeover of banks

join me as i celebrate 100 days in office sorry 100th post.

you no do thanks giving for your church or mosque?