The Federal Government may have narrowed the search for the leadership of the Petroleum Products Pricing Regulatory Agency, (PPPRA), to South-South candidates, LEADERSHIP can authoritatively reveal.
However, note that the price of a security can increase because of a number of reasons which may not just be the fundamental reasons.
How to pick up stocks
The most important thing that the automated trading system lets you do is to pick up the stock to buy. There are so many stocks being traded in the market that going through all of them would be insane. There are two broad studies that are used by traders to help them pick up the right stock.
Fundamental analysis uses the financial reports of the company and the public statements and it then analyses what the health of the business is. They use income statements, balance sheets, quarterly earnings as well as news releases to judge the future prospects of the company. These reports can be got online and there are a number of videos available online that can let you know how to read these reports. The trend of the industry and the market , the publications by the media and the historical price analysis of the stock are also major contributors to the stock price movement.
Technical analysis is another study and those who follow technical analysis believe that the stock price movements follow some definite pattern. This is something that the traders need to find out and then use them to profit from them. Technical analysis is not accepted so widely but traders tend to use a combination of the two for better results. It is recommended that you look for a company that has strong fundamentals and then use the study of technical analysis to know when to buy or sell the stock.
It is crucial that you research on the company well as well as know about its leaders and the competition that the company has with its other competitors. You can do an online search about these fundamental factors and also get an insight about the company. These sites may also provide you with ratings of the analysts and whether majority of them are a buy, sell or a hold on that particular stock. These examinations could let you predict the future price movement with a much higher probability.
Which brokerage firm to choose?
You need to open an account with a brokerage firm before you start to buy and sell stocks. It is important that you choose your broker carefully because this will have a huge impact on your profits.
Know what the pricing policies of the firm are as well as the services that they provide.
It would be recalled that the immediate past executive secretary of the agency, Dr. Oluwole Oluleye, was sent packing recently over allegation of graft which the Economic and Financial Crimes Commission, EFCC, is still investigating.
The development, according to Aso Rock sources, will help balance, to an extent, the appointments by President Umaru Yar’Adua’s government, in the oil and gas sector.
Already, the appointments made into some of the establishment in the oil and gas sector are those of: Alhaji Mohammed Bakindo, Group Managing Director, GMD, NNPC; Alhaji Muttagha Rabe Darma from Katsina, who presides over the Petroleum Technology Development Fund, PTDF, and Adefunke Kasali, Executive Secretary, PPPRA.
Today, the PPPRA is being superintended over by Mr. Wole Adamolekun. Beside, Dr. Bello Gusau who served as the secretary of the Oil and Gas Reform Implementation Committee, OGIC, has also been appointed as the executive secretary of the newly created National Petroleum Directorate, NPD, which will replace the Ministry of Petroleum.
The choice of the South-South candidate for the plum job of the agency, we further gathered, was to assuage the restiveness in the Niger Delta region of the country; and to also balance the appointment equation of President Umaru Yar’Adua.
Two key candidates who are in contention for the agency’s job from the South-South at the moment are: Miss Donu Kogbara and Mr. Moses Mbaba. While Kogbara, a freelance journalist from Bayelsa State was at one time an aid of Dr. Abiye Sekibo, when he was transport minister. Mbaba, who is a career civil servant and a pioneer staff of the agency is the agency’s acting general manager, AGM.
He is from Adnoni local government area of Rivers State.