Author Topic: BEWARE OF THE NIGERIA'S STOCK MARKET!  (Read 6326 times)

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
BEWARE OF THE NIGERIA'S STOCK MARKET!
« on: June 11, 2009, 10:43:40 AM »
TIME TO EXHALE FOR THE NSE

 In my March 2, 2009 article, titled ?The NSE appears to be in recovery mode?, I indicated that the downtrend in the Nigerian capital markets appear to have been halted temporarily because for the first time since April 7, 2008, the failed rally of the NSE index did not breach the low of the previous failed rally. This is a phenomenon technicians call a "higher low? and an indication that the market was putting in a bottom.

Subsequently, the NSE index turned around on April 15, 2009 after touching a 52 week low of 19804. After bouncing off the 52 week low, the NSE index had a sustained six (6) weeks rallying closing at 30,924.97 on June 2, 2009, a gain of 11,121.4 or 56.1% from its most recent 52 week or 2009 low of 19,804 before running into head winds on June 3, 2009 

 
However, although the index experienced its first decline on June 3, 2009, indications that the recent rally was weakening emerged in the closing prices of stocks on June 2, 2009 as most stocks were unable to close at their intra-day highs.

 
At the beginning of the current rally, I received several inquiries about the rally being a "Dead cat bounce", My perception was that the rally was real and not a dead cat bounce because majority of the NSE listed stocks were above their 20 day and 50 day cumulative simple moving averages (DCSMA), and several stocks were attaining new 52 weeks highs. Nevertheless, as of Tuesday (June 2, 2009), I noted that we have come too far and very fast in a very short period, and to quote the famous former Chairman of the United States Federal Reserve Bank, it was beginning to look like? irrational exuberance? all over again. Traders are again beginning to throw caution to the wind; forgetting the last few months when there was a lot of "weeping and gnashing of teeth"

 
Although the index has declined by 1,410 or 4.6% in the last two days, the current rally is still on course as the NSE index is still above its 20 DCSMA and the 50 DCSMA of 26,812 and 22,988.28 respectively. Technically, until the NSE index breaks above its 200 DCSMA of 31,520 and sustains it, the Bull Run will still have some head winds ahead of it. However, a fall below the 20 DCSMA will derail the current rally.

Advertisements

CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline Prince

  • Administrator
  • Honorable
  • *****
  • Posts: 32,956
  • Country: ng
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Firefox 3.0.10 Firefox 3.0.10
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #1 on: June 12, 2009, 02:20:26 AM »
Good to know.

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #2 on: June 12, 2009, 09:27:24 AM »


information is power when applied correctly
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline Prince

  • Administrator
  • Honorable
  • *****
  • Posts: 32,956
  • Country: ng
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Firefox 3.0.10 Firefox 3.0.10
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #3 on: June 12, 2009, 04:11:06 PM »


information is power when applied correctly
Correct.

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #4 on: June 12, 2009, 04:24:30 PM »


you know it's so so funny and unbelievable
when those who ought to know the dynamics
of the stock market very well threw caution to the wind

they went borrowing huge money from banks to buy shares
hoping to make quick money in a very short while. shares became
too many in supply and the prices went crashing...

you know when supply exceeds demand!
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline look@luke

  • Semi Cadet
  • Posts: 5
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 6.0 Microsoft Internet Explorer 6.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #5 on: July 06, 2009, 03:38:30 PM »
If you are into forex trading, today is your lucky day.  I'm GIVING AWAY this great system that is consistently averaging 450 pips a week.  I'll advice that before you email me, take your time to visit the website  hxxp: www. stealthforex. com/

I want you to also read about the product reviews.  Just google www. stealthforex. com and read various reviews to ascertain the power of this great system. 

If you are interested, send email to: lukeanfield@gmail. com

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #6 on: July 07, 2009, 12:57:33 PM »
welcome.
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline STConcept

  • Semi Cadet
  • Posts: 9
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Firefox 3.0.11 Firefox 3.0.11
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #7 on: July 26, 2009, 12:03:20 PM »
We had a great week last week with our pick.  Some of them rose to 300% while most of them rise above 100%.   I have finally decided to give free information on global stock trading and also to be giving free stock picks for the next 30 days.  You can also ask me any question that might be bothering your mind about global stock trading.  I will be glad to answer them without hesitation. 

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #8 on: August 04, 2009, 06:07:04 PM »


how far?
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline rbn

  • Jr Poster
  • Posts: 36
  • Gender: Female
  • OS:
  • Windows Vista Windows Vista
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #9 on: December 02, 2009, 12:04:31 PM »
Quote from: STConcept link=topic=33038. msg187049#msg187049 date=1248606200
We had a great week last week with our pick.   Some of them rose to 300% while most of them rise above 100%.    I have finally decided to give free information on global stock trading and also to be giving free stock picks for the next 30 days.   You can also ask me any question that might be bothering your mind about global stock trading.   I will be glad to answer them without hesitation.   
I make money predicting the Stock market on www. leekweed. com and will like to know about Global stock.

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #10 on: December 02, 2009, 12:11:30 PM »
good for you.
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline chidi_nwaogu

  • Jr. Member
  • Posts: 80
  • Gender: Male
  • OS:
  • Windows Vista Windows Vista
  • Browser:
  • Firefox 3.0.11 Firefox 3.0.11
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #11 on: December 07, 2009, 12:37:16 PM »
 i Think that there is a best way to determine stock exchange to know the top gainers and losers.   i use leekweed.  com
to predict which securities will make up the top five gainers and losers at the close of the Nigerian stock market.   
« Last Edit: December 07, 2009, 02:47:53 PM by chidi_nwaogu »
www. wazaba. com
buy and sell online with wazaba. com

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #12 on: December 07, 2009, 02:35:43 PM »
thanks!
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline chidi_nwaogu

  • Jr. Member
  • Posts: 80
  • Gender: Male
  • OS:
  • Windows Vista Windows Vista
  • Browser:
  • Firefox 3.0.11 Firefox 3.0.11
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #13 on: December 07, 2009, 02:50:15 PM »
you're welcome
www. wazaba. com
buy and sell online with wazaba. com

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #14 on: December 07, 2009, 03:01:24 PM »
all right!
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline lordritch

  • Full Member
  • *
  • Posts: 204
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Firefox 3.0.15 Firefox 3.0.15
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #15 on: December 07, 2009, 05:35:13 PM »
Beibee, I appreciate your write up on the Stock market but would like to make some quick contribution. The first is that Borowing to buy stocks was not entirely a wrong move. yes, the stock market is not an avenue for short term funds, but with a smart broker, you can go in and out within weeks. What happened to those who borrowed to invest in the market was that they became victims of the global cash crunch.

Before the crash, we had a lot of foreign investors in our capital market; making huge money, but when the global economic crisis hit their home countries, the institutional investor had no option but to call for the money. The effect was that they were willing to sell even at a loss. The naturally put too many stock up for sale coupled with the cash crunch in our system then which made it impossible for adequate cash supply. Hence, what we all see as the fall of the market.

This is not the first time it had happened and would not be the last. But, it will surely come back in full force and it is only those would did not allow their yesterday to becloud their tomorrow that would tell the good stor
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Links To Appear In both Signature and Posts.

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #16 on: December 07, 2009, 05:50:20 PM »
i see. got the drift.
i've a token in the market too; and i'm no hurry to withdraw.

the borrowing has to do with those with no plan-b; and end up being wretched.
there's whole lotta difference between investing and coveting.
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline lordritch

  • Full Member
  • *
  • Posts: 204
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Firefox 3.0.15 Firefox 3.0.15
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #17 on: December 08, 2009, 10:59:02 AM »
If you have some money to invest, please invest with the guidance of ur broker. Set a target for urself; say 20 to 30% profit margin and do not be greedy.

I have a client who bought AP at N39 and when the price shot up to N298, I told him to sell, but he said he expects it to hit N300. U know what, he was lucky to sell at N290. So, its important to be focused when entering the market.
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Links To Appear In both Signature and Posts.

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #18 on: December 08, 2009, 11:08:02 AM »
...that i've since learnt.

i really do appreciate your kind and professional outlook tempered with modesty.

CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline rbn

  • Jr Poster
  • Posts: 36
  • Gender: Female
  • OS:
  • Windows Vista Windows Vista
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #19 on: December 11, 2009, 02:59:46 PM »
Betting on leekweed.  com has made me to be knowledgeable on the stock market. 
I study the market and now, i know when to buy or sell.   
« Last Edit: December 11, 2009, 03:02:31 PM by rbn »

Offline lordritch

  • Full Member
  • *
  • Posts: 204
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Firefox 3.0.15 Firefox 3.0.15
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #20 on: December 11, 2009, 03:59:43 PM »
I am happy for you, also ensure that your portfolio is diversified
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Links To Appear In both Signature and Posts.

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #21 on: December 14, 2009, 09:13:00 AM »
i'll do just that. cheers!
have a fulfilling week.
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline chidi_nwaogu

  • Jr. Member
  • Posts: 80
  • Gender: Male
  • OS:
  • Windows Vista Windows Vista
  • Browser:
  • Firefox 3.0.11 Firefox 3.0.11
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #22 on: December 14, 2009, 12:16:17 PM »
hav you checked out the site, what do u think?
www. wazaba. com
buy and sell online with wazaba. com

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #23 on: December 14, 2009, 02:07:15 PM »
what site?
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline chidi_nwaogu

  • Jr. Member
  • Posts: 80
  • Gender: Male
  • OS:
  • Windows Vista Windows Vista
  • Browser:
  • Firefox 3.0.11 Firefox 3.0.11
    • View Profile
Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #24 on: December 14, 2009, 03:34:52 PM »
The online payment site is owode.  com
« Last Edit: December 14, 2009, 05:10:22 PM by chidi_nwaogu »
www. wazaba. com
buy and sell online with wazaba. com

Nigerian Best Forum . NBF

Re: BEWARE OF THE NIGERIA'S STOCK MARKET!
« Reply #24 on: December 14, 2009, 03:34:52 PM »

 

Enter Your Email Below For Daily Jobs Updates, It's Free

100% Free