CICO Tips for NSE Investors

[invisible!]

@deptheights, GTB I can live with, but for Nascon, can it leave the tight ranges it has been trading on, plus the uncertainity about earnings.

[kalokalo]

Re. UBA

From the low of N54.8 and closing fig of N55.5 today, it's looking as if there would a strong support level for UBA @ N55 and a resistance level of N60circa for now, thus a quick CICO opportunity _{10% PAF} beckoning, huh?

See attached graph below.

Looks like your prediction on UBA was da bomb. I think it's perfect for CICO _{that's if you can still enter.}

Any suggestion as per other possible candidates? Well, my list will be...
GTB
NASCON


Note: I have both (Cavert Emp...)

The problem with GTB is their long overdue result - very unlike GTBank. Delay always means serious disagreement & on-going negotiation between the bank and their auditors or regulators re. final audited figures! Men! I fear for GTBank - from their expensive eurobond they did a while back _{compare the $; interest/coupon  rates then to the current - serious yawa on their bottom line!} ; the GDR wahala & the serious encroachment on their marketing territory by BankPHB & FCMB besides their non-aggressive marketing drive  I tire o!

Anyway, for CICOable stocks this week, the banking sector, my brotha! Remember the "follow the leader" mentality, huh? UBA seems to be the market leader for now and First Bank & Zenith no go gree and all the other bank go want show face small! So expect serious upward momentum this week in that sector!

Insurance Stocks - LASACO; CONTINSURE; Goldlink, CICOable this week as well besides no impending TS on the horizon for now.

Enuff caveats & emptors have been offloaded in the above statement!

Happy & safe investing this anticipated serious bullish week!

[hama]

@kalokalo - thanks.
I was just going to ask for your thots on stocks for this week.

[invisible!]

Linkage assurance is selling at on on very low price of N3.61, makes it enticing for some quick hit.

[invisible!]

As I announced Linkage assurance here, it was rushed and the price went up (trust the money bags here) now I am seeing UNIC in my radar, only am praying it will drop wella tomorrow and it will be very CICOable at around N3.80-85. Join me in prayers for the drop of Unic.

[invisible!]

Disclosure, I own linkage now, but dont have any UNIC.

[kalokalo]

Linkage assurance is selling at on on very low price of N3.61, makes it enticing for some quick hit.

Hmm! Not totally confident about CICOing Linkage at that price myself, even though it moved upward today. Would've probably waited for Linkage to have dropped further b4 CICOing- not to much profit to chop at that price 'cos of its tight trading range of N3 - N4 circa _{check the TA below}. Hey, my opinion though! All the best with this!

[kalokalo]

As I announced Linkage assurance here, it was rushed and the price went up (trust the money bags here) now I am seeing UNIC in my radar, only am praying it will drop wella tomorrow and it will be very CICOable at around N3.80-85. Join me in prayers for the drop of Unic.

  Unic is back to its strong support level of N4 circa, so it's quite CICOable tomorrow, but how swift is the CICO turnaround for the stock??? .

The problem with UNIC when CICOing is the sluggishness of its rally - always the last in the insurance sector to catch up & besides its price doesn't always move up as fast as the others in the sector _{but volatility dey low sha which is good for fundamentalists} - check the bollinger band in TA below which shows the tight trading parameters etc!

[kalokalo]

Re. UBA

From the low of N54.8 and closing fig of N55.5 today, it's looking as if there would a strong support level for UBA @ N55 and a resistance level of N60circa for now, thus a quick CICO opportunity _{10% PAF} beckoning, huh?

See attached graph below.

Looks like your prediction on UBA was da bomb. I think it's perfect for CICO _{that's if you can still enter.}

Any suggestion as per other possible candidates? Well, my list will be...
GTB
NASCON


Note: I have both (Cavert Emp...)

Re. Nascon

Still not CICOable yet! Wait for the price to drop further - below N15. Right now, not too much head room for sizeable profit 'cos of strong resistance around N17. See TA below

[kalokalo]

Always look forward to the down days.................... esp when expectancy of market bullishness is still very much in the air!

When CICOing and absolutely convinced _{relative though} that there would be up & coming momentum to lift up your CICO stock to your exit target anytime soon, it's quite certain sometimes that this stock wouldn’t get to your exit target on a straight line. There would be up days and down days along the way – the expectation is to ensure that the up days outnumber the down days over the targeted CICOing period.

With this, to CICO maximally then depends on how much of your buying action occurred on the down days of a rising stock. The koko, whether buying freshly or averaging down, is to patiently wait for the days when the price of the CICOable stock is strongest in the opposite direction of where you are absolutely sure the market is going _{- bottomed out level; strong support level from history etc}

From the above, likely CICOable examples for now are LASACO; UNIC; Dunlop; Goldlink; Berger Paints – all these down due to market forces, except Berger, which is due to unimpressive results. Also, right now, some 1st tier banks are looking good for quick CICO turnaround with likely 10% PAF.

Note: this is just for illustration and not absolute stock picks, besides caveats and emptors unleashed in the above.

[beginner]

Always look forward to the down days.................... esp when expectancy of market bullishness is still very much in the air!

When CICOing and absolutely convinced _{relative though} that there would be up & coming momentum to lift up your CICO stock to your exit target anytime soon, it's quite certain sometimes that this stock wouldn’t get to your exit target on a straight line. There would be up days and down days along the way – the expectation is to ensure that the up days outnumber the down days over the targeted CICOing period.

With this, to CICO maximally then depends on how much of your buying action occurred on the down days of a rising stock. The koko, whether buying freshly or averaging down, is to patiently wait for the days when the price of the CICOable stock is strongest in the opposite direction of where you are absolutely sure the market is going _{- bottomed out level; strong support level from history etc}

From the above, likely CICOable examples for now are LASACO; UNIC; Dunlop; Goldlink; Berger Paints – all these down due to market forces, except Berger, which is due to unimpressive results. Also, right now, some 1st tier banks are looking good for quick CICO turnaround with likely 10% PAF.

Note: this is just for illustration and not absolute stock picks, besides caveats and emptors unleashed in the above.

A beg which one of the banks?

[kalokalo]

Always look forward to the down days.................... esp when expectancy of market bullishness is still very much in the air!

When CICOing and absolutely convinced _{relative though} that there would be up & coming momentum to lift up your CICO stock to your exit target anytime soon, it's quite certain sometimes that this stock wouldn’t get to your exit target on a straight line. There would be up days and down days along the way – the expectation is to ensure that the up days outnumber the down days over the targeted CICOing period.

With this, to CICO maximally then depends on how much of your buying action occurred on the down days of a rising stock. The koko, whether buying freshly or averaging down, is to patiently wait for the days when the price of the CICOable stock is strongest in the opposite direction of where you are absolutely sure the market is going _{- bottomed out level; strong support level from history etc}

From the above, likely CICOable examples for now are LASACO; UNIC; Dunlop; Goldlink; Berger Paints – all these down due to market forces, except Berger, which is due to unimpressive results. Also, right now, some 1st tier banks are looking good for quick CICO turnaround with likely 10% PAF.

Note: this is just for illustration and not absolute stock picks, besides caveats and emptors unleashed in the above.

A beg which one of the banks?

Oceanic (Exit Target - N29.90)
UBN (Exit Target - N42circa)
UBA, if it drops further today

Usual Caveats added!

[kalokalo]

With most stocks losing almost what they have gained within the last two weeks and some back to their support levels, they are becoming very CICOable now. So, with the expected market bullishness, another round of CICOing might been beckoning next week!

Check the May trend of some of these affected stocks _{which have been mentioned above} for further clarification.

[beginner]

With most stocks losing almost what they have gained within the last two weeks and some back to their support levels, they are becoming very CICOable now. So, with the expected market bullishness, another round of CICOing might been beckoning next week!

Check the May trend of some of these affected stocks _{which have been mentioned above} for further clarification.

I am not sure about this week but think the first week in June would see this proposed bull run that can get a lot of people bear trapped.

[kalokalo]

Happy Democracy Day to y'all esp the CICOers!

With Yar'adua's one year in office now in the bag and his desire to now perform, yes perform, during the next H2, everyone is praying he releases the said strategic funds he promises soon so that the economic activities would really kick-off for real! It's been so slooooow the last H1. Money no flow at all - everybody dey feel am, even the NSE is so starved from lack of liquidity that it hasn't really reacted positively to all the recently released results etc _{and I can assure you it will soon with the right level of liquidity}

Anyway, as the eagerly awaited/long overdue govt funds start trickling down to the system and the market consequently begins to respond maximally to the injection of liquidity; the positive results now abound everywhere & still coming etc, I expect the next bull run June onwards to be sustained for a bit longer - not the oscillating one we witnessed first two weeks of May _{though not bad if u CICO-ed rightly}.  

For CICOable stocks going forward, previous tips above still suffice - from looking at the cyclical insurance Stocks with N3 - N4 trading range eg LASACO; UNIC; NEM; Linkage; Guinea and the likes, to other stocks back to their previously attained support level back in April - Ashaka; First Alum for now. Not forgeting the quick CICOable turnarounds _{10% PAF} back to their strong resistance levels - Oceanic; UBN; Zenith for now.

Watch list for those with livers - Berger Paints; Neimeth & Costain. Watch out for the volume flow to determine safe entry zones. And baby steps please!

Happy & Safe CICOing!!

[kalokalo]

Ashaka's price lower than BCC's, huh? Not possible, fundamentals and/or Sentiments wise!

From TA below, reversal imminent and safe entry zone for CICOing opening up, except if the company releases a bad result now which would distort the trading range or the general market sluggishness continues _{which is still good though 'cos the lower the better} .

Hey my opinion though!

[kalokalo]

First Alumium

With ALSCON now up & running, First Alumium might be on its way back to profitabilty re. cheaper/local source of its main raw material - Aluminium ingot!  . Anyway, next quarterly result would surely confirm this! In the meantime, its TA is looking very interesting for now!

[kalokalo]

Re. whether CICOing is dead _{a NN's view from the Stock Market Tips thread}? Haba! How is that possible? With all the bull points listed below, huh?

1. Economy is very much in an expansionary mode.
2. Budget still yet to be fully implemented & real economic activities for FY 2008 about to fully take off.
3. Market yet to fully respond positively to excellent results, bonuses etc be churned out by companies.
4. Technically, the market is so oversold. Prices at their lowest etc
5. Historically, we are still in a bullish period _{earnings period} till mid-july.
6. Nothing has really changed fundamentally in the market apart form liquidity squeeze and investors' apathy _{which would melt away with sustained upward momentum besides 9ja people have short memories.}
7. Disbursement of N400billion excess crude oil amongst the 3 tiers of govt.
8. Consolidation activities in the Insurance sector, not to talk of the likely positive impact on the subsector of the mandatory local content policy by the Fed. Govt & the compulsory life assurance by the New Pension Act.

To mention, but few! If all these wouldn't move the market anytime soon, abeg tell me what would move the market then! Nuff said!

[frankiriri]

Re. whether CICOing is dead _{a NN's view from the Stock Market Tips thread}? Haba! How is that possible? With all the bull points listed below, huh?

1. Economy is very much in an expansionary mode.
2. Budget still yet to be fully implemented & real economic activities for FY 2008 about to fully take off.
3. Market yet to fully respond positively to excellent results, bonuses etc be churned out by companies.
4. Technically, the market is so oversold. Prices at their lowest etc
5. Historically, we are still in a bullish period _{earnings period} till mid-july.
6. Nothing has really changed fundamentally in the market apart form liquidity squeeze and investors' apathy _{which would melt away with sustained upward momentum besides 9ja people have short memories.[/sub}[/color]]
7. Disbursement of N400billion excess crude oil amongst the 3 tiers of govt.
8. Consolidation activities in the Insurance sector, not to talk of the likely positive impact on the subsector of the mandatory local content policy by the Fed. Govt & the compulsory life assurance by the New Pension Act.

To mention, but few! If all these wouldn't move the market anytime soon, abeg tell me what would move the market then! Nuff said!

While Much of what you have said makes sense, I totally disagree with the highlighted portion. In fact I find it in bad taste. Even if  I were to CICO tomorrow, it would not be because I have forgotten what happened in the past, it would be that I decided to after weighing the consequences in the light of past occurences

[kalokalo]

Re. whether CICOing is dead _{a NN's view from the Stock Market Tips thread}? Haba! How is that possible? With all the bull points listed below, huh?

1. Economy is very much in an expansionary mode.
2. Budget still yet to be fully implemented & real economic activities for FY 2008 about to fully take off.
3. Market yet to fully respond positively to excellent results, bonuses etc be churned out by companies.
4. Technically, the market is so oversold. Prices at their lowest etc
5. Historically, we are still in a bullish period _{earnings period} till mid-july.
6. Nothing has really changed fundamentally in the market apart form liquidity squeeze and investors' apathy _{which would melt away with sustained upward momentum besides 9ja people have short memories.[/sub}[/color]]
7. Disbursement of N400billion excess crude oil amongst the 3 tiers of govt.
8. Consolidation activities in the Insurance sector, not to talk of the likely positive impact on the subsector of the mandatory local content policy by the Fed. Govt & the compulsory life assurance by the New Pension Act.

To mention, but few! If all these wouldn't move the market anytime soon, abeg tell me what would move the market then! Nuff said!

While Much of what you have said makes sense, I totally disagree with the highlighted portion. _{In fact I find it in bad taste}. Even if  I were to CICO tomorrow, it would not be because I have forgotten what happened in the past, it would be that I decided to after weighing the consequences in the light of past occurences

Hey my bad if u did! Never meant it that way though. Was just making reference to the generally established fact that most 9ja do forget bad memories easily once the good times are back - which to me shows our positive outlook/hopefulness in all our endeavours.

[frankiriri]

Re. whether CICOing is dead _{a NN's view from the Stock Market Tips thread}? Haba! How is that possible? With all the bull points listed below, huh?

1. Economy is very much in an expansionary mode.
2. Budget still yet to be fully implemented & real economic activities for FY 2008 about to fully take off.
3. Market yet to fully respond positively to excellent results, bonuses etc be churned out by companies.
4. Technically, the market is so oversold. Prices at their lowest etc
5. Historically, we are still in a bullish period _{earnings period} till mid-july.
6. Nothing has really changed fundamentally in the market apart form liquidity squeeze and investors' apathy _{which would melt away with sustained upward momentum besides 9ja people have short memories.[/sub}[/color]]
7. Disbursement of N400billion excess crude oil amongst the 3 tiers of govt.
8. Consolidation activities in the Insurance sector, not to talk of the likely positive impact on the subsector of the mandatory local content policy by the Fed. Govt & the compulsory life assurance by the New Pension Act.

To mention, but few! If all these wouldn't move the market anytime soon, abeg tell me what would move the market then! Nuff said!

While Much of what you have said makes sense, I totally disagree with the highlighted portion. _{In fact I find it in bad taste}. Even if  I were to CICO tomorrow, it would not be because I have forgotten what happened in the past, it would be that I decided to after weighing the consequences in the light of past occurences

Hey my bad if u did! Never meant it that way though. Was just making reference to the generally established fact that most 9ja do forget bad memories easily once the good times are back - which to me shows our positive outlook/hopefulness in all our endeavours.

I do agree that we are a very resilient people and always weather the storm. We are cool 

[FCM]

KALOKALO, thank you. as a life long cicoer, I find the information you provide  here,very helpful.

[fekwenugo2]

@kalakalo
wat`s ur top 3 stocks 4 cico?

[kalokalo]

@kalakalo
wat`s ur top 3 stocks 4 cico?

Hmmm! my recent posts above should atleast give u an indication - shine your eyes well well and do ur charting to confirm.

[kalokalo]

KALOKALO, thank you. as a life long cicoer, I find the information you provide  here,very helpful.

FCM, wouldn't mind if you share ur CICO experience & knowledge on this thread from time to time. We are all learning on this thread and more than ever hungry for more info/tips esp in this dicey market now. 

Regards

[frankiriri]

@kalokolo
You for come test your CICO skills and theory on the New investment challenge thread. Let see how eash strategy works

[kalokalo]

@kalokolo
You for come test your CICO skills and theory on the New investment challenge thread. Let see how eash strategy works

Haba, Oga Frankriri! I still be student o! Still honing my CICO skills everyday from taking _{amongst others} bits & pieces from u guys (the connoisseurs) that do fit my defined investment horizon. Anyway, would look at the New Investment Challentge's modalities to figure out how to latch on to the thread in the nearest future.

[kalokalo]

With the current oscillating mode of the market, CICO opportunities for fundamental stocks still abound, though the CICO turnaround for some might be getting longer - the 'CI' is still brilliant, but the 'CO' is where the go-slow is. One needs to be alert to latch on to the expected mini bull run anytime soon as the expected liquidity begins to impact positively on the market.

Anyway, Oceanic bank is looking good with big volume - time to exit beckoning _{assuming u cicoed in last week}. Swift CICO turnaround with nice 10% PAF!

UBA is another bank to watch - dragging down the prices of other 1st tier banks (First Bank, Union Bank) to the N30ish region. Rebound very much likely for the said banks with UBA leading the advance!

Market is still very dicey so shine your eyes well well & let the charts be your guide!

[frankiriri]

@kalokolo
You for come test your CICO skills and theory on the New investment challenge thread. Let see how eash strategy works

Haba, Oga Frankriri! I still be student o! Still honing my CICO skills everyday from taking _{amongst others} bits & pieces from u guys (the connoisseurs) that do fit my defined investment horizon. Anyway, would look at the New Investment Challentge's modalities to figure out how to latch on to the thread in the nearest future.

You  dont get the point of the investment challenge then. I , for one , am definitely not out to prove that I am the best or anything like that . What I want to see tested is the viability of each strategy under each market scenerio. So I am not particularly interested in my relative position on the leader board. That is the reason why I am inviting you to join us since I cannot really identify any die hard CICO fan on the board. So please do come and learn along with us

[kalokalo]

@kalokolo
You for come test your CICO skills and theory on the New investment challenge thread. Let see how eash strategy works

Haba, Oga Frankriri! I still be student o! Still honing my CICO skills everyday from taking _{amongst others} bits & pieces from u guys (the connoisseurs) that do fit my defined investment horizon. Anyway, would look at the New Investment Challentge's modalities to figure out how to latch on to the thread in the nearest future.

You  dont get the point of the investment challenge then. I , for one , am definitely not out to prove that I am the best or anything like that . What I want to see tested is the viability of each strategy under each market scenerio. So I am not particularly interested in my relative position on the leader board. That is the reason why I am inviting you to join us since I cannot really identify any die hard CICO fan on the board. So please do come and learn along with us

Ok, Frankriri. I humbly accept ur invitation! Would do ASAP!

[fekwenugo2]

@kalokalo,
wit wat`s bein happenin,any changes on ur opinion?as per cico

[kalokalo]

@kalokalo,
wit wat`s bein happenin,any changes on ur opinion?as per cico

Not quite! Cos