The New Nigerian Investment Challenge

[jawtheoutlaw]

my strategy is to invest 50 - 70% in long term stocks and 30 - 50% in CICO...  Make nobody copy me o..


 

[loma]

I suggest everyone try and digest Easi's attachements, and then come back to ask questions. Most of the questions we are asking are already answered in the rules.

[fekwenugo2]

2days trade is lk liverpool.

[Pumping]

easimoni, you try o. I'm yet to look at the rules but should do this by the weekend.

 
E ku oju lona. To be followed by "e ku owo lomi"

[Omoge]

Mr Pumping...Check ur yahoo messenger
 

easimoni, you try o. I'm yet to look at the rules but should do this by the weekend.

 
E ku oju lona. To be followed by "e ku owo lomi"

[Temmie10]

let the games begin!
just read the rules and i def like the idea...
def sounds interesting.....
now i have to go and check the real life portfolio in a few minutes and see if my major risks are paying off...pray with me lol

[Pumping]

Mr Pumping...Check ur yahoo messenger
 

easimoni, you try o. I'm yet to look at the rules but should do this by the weekend.

 
E ku oju lona. To be followed by "e ku owo lomi"

I have, nothing new. What's the story? as my Irish friends often say in Dublin...

[Pumping]

Oh, ok. I already acted on it earlier.

[yodiyokun]

Easi,

You be genius - thanks for doing this - I couldnt have thought of 1/3 of those rules.


I think you covered everything.

@all dont be too much in a hurry to place an order on Monday --- remember you have till thursday 11.59 to place your orders.

Remember the thursday friday rule.!!!!

[frankiriri]

I really have not had time to look at the rules but you can count me in.
I will look thru the rules and post my comments on or before the end of the week

[NBA]

@Easi,

Please count me in if you still have a spot!

[easimoni]

@Easi,

Please count me in if you still have a spot!

Na u now! If spot no dey before, e dey now!

[NBA]

Haba, my oga.

Thanks much!

[Bayuze79]

Mr Easimoni

Does a newbie(silent reader,silent stalker) qualify to contest? I hope space dey o. I would love to utilise this opportunity to hone my skills! (which I have garnered thanks to all Gurus!)

I humbly apply...

[Mcshawn]

Pls do count me in..

[Man Jiro]

Nice job Prof Easimoni. It must have taken you a long time to come up with the rules you have setup. They are great and well thought out. Cheers.

However, I do feel that the rules are set up for long term traders. I do believe that some stocks are good for quick CICO while others are good for holding long term. Also the market situation (bear or bull) would affect the kind of stock you buy. If for example I know  that a stock is cyclic and its being dropping in price and the candles + indicators tells me that a trend reversal is about to take place, I might want to take part even if the fundamentals are shiite.

I am not trying to educate you (I learned so much from you guys here), all I am trying to do is butress my point that the rules should allow for more trades (5-7 per week). This will allow guys to take sharp oppurtunities. In essence, fellas would understand both trading for long termers and also CICO strategies (using AKtopgun's candles and market indicators)

With the present rules, buying 7 stocks = 7 weeks of some of your money sitting down without working for you. It also means that a quick CICO would take two weeks without you doing any other thing. If you borrow 10m from UBA, you would not wait for 7 weeks before spending it.

If the issue is too much workload for you, you could format an excel sheet and give to one of the moderators or somebody to help you with just entering the trades. After data entering, it can be sent back to you for review.

Just my own 2 kobo

[jawtheoutlaw]

@ Easimoni,

One rule i have a concern with is the trading at Average price for the day.  Am not sure how much extra work it would be but consider allowing participants to set price limits and if the price falls within the Low and High for the stock for the day, then process the trade for the participant.  If it doesnt, hard luck.  The order is canceled to serve as a determent to participants setting Limits or you could decide to try the trade the next day.  Just a suggestion for your consideration.

[loma]

Its important to realise we cannot exactly replicate the real world. The more complex we make it, the more difficult it will be to manage.

My 2 kwanzas!

[Bagoma]

i hope its not too late for me to enter.
@ easimoni,
i'd like to be added, please.

[Man Jiro]

Its important to realise we cannot exactly replicate the real world. The more complex we make it, the more difficult it will be to manage.

My 2 kwanzas!

@ Loma.

I do appreciate that fact (complexity) and you are correct. However, the more we drive it closer to the real world, the more practical it would be (guys would learn more) and the less it would be an academic adventure (I am not saying it is at the moment).

[easimoni]

Nice job Prof Easimoni. It must have taken you a long time to come up with the rules you have setup. They are great and well thought out. Cheers.

However, I do feel that the rules are set up for long term traders. I do believe that some stocks are good for quick CICO while others are good for holding long term. Also the market situation (bear or bull) would affect the kind of stock you buy. If for example I know  that a stock is cyclic and its being dropping in price and the candles + indicators tells me that a trend reversal is about to take place, I might want to take part even if the fundamentals are shiite.

I am not trying to educate you (I learned so much from you guys here), all I am trying to do is butress my point that the rules should allow for more trades (5-7 per week). This will allow guys to take sharp oppurtunities. In essence, fellas would understand both trading for long termers and also CICO strategies (using AKtopgun's candles and market indicators)

With the present rules, buying 7 stocks = 7 weeks of some of your money sitting down without working for you. It also means that a quick CICO would take two weeks without you doing any other thing. If you borrow 10m from UBA, you would not wait for 7 weeks before spending it.

If the issue is too much workload for you, you could format an excel sheet and give to one of the moderators or somebody to help you with just entering the trades. After data entering, it can be sent back to you for review.

Just my own 2 kobo

Even a "quick CICO" would take you 4 days to execute. Unless you buy a stock on Monday or Tuesday, you can do a "quick CICO" as quick as possible in reality.
I'm not sure how the modalities of divvying the responsibilities would work. I can't share a spreadsheet until it's complete, so asking me to track maybe 200 deals a week is severe overkill. Can we try one deal a week and if it is easy to manage, we'll add more deals later on. I'd say we vote on that after a month or so into the competition.

Besides, your broker charges you 1.5% per trade, I get nothing!

[easimoni]

@ Easimoni,

One rule i have a concern with is the trading at Average price for the day.  Am not sure how much extra work it would be but consider allowing participants to set price limits and if the price falls within the Low and High for the stock for the day, then process the trade for the participant.  If it doesnt, hard luck.  The order is canceled to serve as a determent to participants setting Limits or you could decide to try the trade the next day.  Just a suggestion for your consideration.

I promise to evaluate the feasibility of your proposal if the current scheme is not as tedious as I expect. scout's honor. Besides, it's only one order a week o! Limit or no limit.

[easimoni]

 

COMPETITION IS NOW CLOSED!

Pls start placing your "orders" as from Sunday (against Monday trading).

For week 1 (and week 1 only), you can place as many buy orders as you want as long as you do so in one (and only one) post. That one post must not be "modified" or it'll be considered non-valid. Try not to spend all your money because if you go over the ten mil limit, there are penalties for overdraft!

Pls read (or re-read) the rules in detail.

[andico34]

OGA EASIMONI MY BUY ORDER FOR WEEK 1

CONOIL  25,000  UNITS

LAWUNION  500,000 UNITS

TRANEX    200,000 UNITS

[Pumping]

OGA EASIMONI MY BUY ORDER FOR WEEK 1

CONOIL  25,000  UNITS

LAWUNION  500,000 UNITS

TRANEX    200,000 UNITS

The valid max volume for Tranex I can see in the list of approved stocks is 100k units.

[easimoni]

OGA EASIMONI MY BUY ORDER FOR WEEK 1

CONOIL  25,000  UNITS

LAWUNION  500,000 UNITS

TRANEX    200,000 UNITS

The valid max volume for Tranex I can see in the list of approved stocks is 100k units.

Pumping is right (thanks for keeping an eye out). Since this is in the spirit of fun, I won't hold andico34 to the letter of the law by invalidating his instruction. Andico34, I'll buy 100k units of Transexpr. Pls check the spreadsheet in the future.

All, pls READ and RE-READ the rules and honor the volume limits in the spreadsheet. Chaos will be pretty hard to manage.

[andico34]

OGA EASIMONI NO VEX O! CORRECTION FOR TRANEX 100000 UNITS THANKS PUMPING

[londoncool]

@Easimoni,

My BUY Orders for Wk1 are:

Skye Bank:100,000 Units
Oceanic Bank:100,000 Units
Mbenefit:500,000 Units
Law Union:200,000 Units

[jawtheoutlaw]

Abeg no vex say my orders plenty. 

BERGER PAINTS PLC                 100,000
DANGOTE SUGAR REFINERY PLC   50,000
DIAMOND BANK PLC                 100,000
IKEJA HOTEL PLC                            150,000
LASACO ASSURANCE PLC              500,000
NIGERIA GERMAN CHEMICALS PLC   20,000
NIGERIAN ROPES PLC.                  25,000

[Pumping]

Abeg no vex say my orders plenty. 

BERGER PAINTS PLC                 100,000
DANGOTE SUGAR REFINERY PLC   50,000
DIAMOND BANK PLC                 100,000
IKEJA HOTEL PLC                            150,000
LASACO ASSURANCE PLC              500,000
NIGERIA GERMAN CHEMICALS PLC   20,000
NIGERIAN ROPES PLC.                  25,000

Chei!!! See deep pocket!!

[easimoni]

Chei!!! See deep pocket!!

    We are bringing them out of the closet, one-by-one. 

Pumping, we never see your own. Abi u dey wait to see market direction on Monday?

[Pumping]

Chei!!! See deep pocket!!

    We are bringing them out of the closet, one-by-one. 

Pumping, we never see your own. Abi u dey wait to see market direction on Monday?

No o. I am posting today. I am taking one heavy risk which can make or break. I want to say some prayers on the order first 

Knowing that I can only buy or sell one stock next week, I'll have to prune my order. I have 2 stocks I'd really like to go for but I can't afford to keep any one for up to 2 weeks so I'm taking one out.

[Pumping]

easi, please my orders for the week.


1. NIGROPES   - 450k UNITS
2. CAP        -  20K UNITS
3. TRANSEXPR  - 29K UNITS


Make money no go enter bush o!!!! 

[Krrush]

My Orders.

BUY ORDERS:

DIAMOND BANK    250,000 units
UBA                    85,000  units



@easimoni,a law has been breeched.@jawtheoutlaw has placed more than the stipulated 6 stocks that can be owned at  a time.

[easimoni]

Abeg no vex say my orders plenty. 

BERGER PAINTS PLC                 100,000
DANGOTE SUGAR REFINERY PLC   50,000
DIAMOND BANK PLC                 100,000
IKEJA HOTEL PLC                            150,000
LASACO ASSURANCE PLC              500,000
NIGERIA GERMAN CHEMICALS PLC   20,000
NIGERIAN ROPES PLC.                  25,000

@ jawtheoutlaw,
as pointed out in the post above, we are limiting portfolio's to 6 stocks at a time. Again, since this is all in the spirit of fun, I won't hold you to the letter of the law. I'll ignore your Nigerian Ropes order. that'll put you at 6 stocks. I hope this solution is satisfactory to all.

ALL, pls remember the 6 stocks (maximum in your folio at ANY TIME) rule.

[Bayuze79]

@Easimoni, I am not sure If I have been confirmed as a participant in the challenge & I was wondering if we could have a list of all the final confirmed contestants. . . thanks!