Cyprus-Forum.com

[miltiades]

In that case how do you explain an almost 10% increase in the share price ? Remember on Wednesday October 31st I tipped the share when it was at 7.22 euros.
Lets see who will be right next Saturday at this time. By the way I have set any loses at 7 euros when I will sell.

[Maximus]

In that case how do you explain an almost 10% increase in the share price ? Remember on Wednesday October 31st I tipped the share when it was at 7.22 euros.
Lets see who will be right next Saturday at this time. By the way I have set any loses at 7 euros when I will sell.

Some penny stocks for unknown companies also increase or decrease by 30% + in a day. Not every fluctuation needs and explanation as price ebbs and flows with the supply and demand from people trading in and out of it.

it wouldn't surprise me if it got as high as 9 / share but when is another story. Between 6 and 9 seems to be its normal price range and as you know, stock prices fluctuate. Me personally, I wouldn't get involved with a stock like this.

looking at how the price has behaved over the past few months, whenever it makes a new swing low the price gaps and or reverses. whenever it makes a new swing high, the price reverses and or gaps lower. Now, the price has just broken a recent swing high (if today's close is a swing high) and its quite possible given its historical performance that the price could gap lower on Mondays open. see the attached.

This is your money and just my opinion, do whatever you want to do and trade your plan.

tomtom.PNG

[Maximus]

why did it plummet so hard in one day, from about 8.50 to 5.75 mid September?

it has taken more than a month and it still hasn't recovered that sharp down move.

[miltiades]

I have set my lowest sell price at 7 euros, making a small loss, and my high sell to make a profit at 12 plus. This would make me enough to keep my ....wine consumption for at least 2 plus years.
My hunch is that come Monday the price will go well above 8 euros. Still, markets ate volatile so anything can happen
Witth more than 30 years experience as a speculator I weigh my chances carefully.
I think a bid will materialise sometime next week which could see the share as high as 15 euros. The name of the game is to make money . Incidentally, RIPPLE XRP is my next tip trading now at around 46 cents.

[Maximus]

for our Turkish and Turkish Cypriot readers,

if you exchanged your lira's to Euros a decade ago, and held until today, you would have quadrupled your money.

I don't see any fundamental changes taking place in Turkey for this trend to change moving forwards.

1 euro may buy 24 TL come 2028.

[miltiades]

I stay away from currencies, highly volatile and highly risky.
The only speculative trading I do and always have done is to idendify stocks that are valued low as against thr real value of a company knowing that sooner rather than later predators will attack.
Tomtom is such a stock, a cherry waiting to be picked.
As I stated earlier Ripple ( XRP) currently at 46 us cents is a good investement for a couple months. This one should rise to over a dollar by the end of this year.
Check it out.

[Pyrpolizer]

why did it plummet so hard in one day, from about 8.50 to 5.75 mid September?

it has taken more than a month and it still hasn't recovered that sharp down move.

Because prices are manipulated!
I can't beleive Milti got stuck to this stock by just looking at the price.
What were the volumes??
Such high changes within a single day should be enough to convince you this is not a reliable stock.

[Pyrpolizer]

I stay away from currencies, highly volatile and highly risky.
The only speculative trading I do and always have done is to idendify stocks that are valued low as against thr real value of a company knowing that sooner rather than later predators will attack.
Tomtom is such a stock, a cherry waiting to be picked.
As I stated earlier Ripple ( XRP) currently at 46 us cents is a good investement for a couple months. This one should rise to over a dollar by the end of this year.
Check it out.

Of course that's the correct way to do it, in fact there are people who became millionaires from doing exactly that.
However:
a)You need to read carefully the Company's financial reports.
b)Be sure the books have not been cooked.

I tried to do that in the past, only to find out the vast majority of the books were cooked, so I gave up.

[Paphitis]

I stay away from currencies, highly volatile and highly risky.
The only speculative trading I do and always have done is to idendify stocks that are valued low as against thr real value of a company knowing that sooner rather than later predators will attack.
Tomtom is such a stock, a cherry waiting to be picked.
As I stated earlier Ripple ( XRP) currently at 46 us cents is a good investement for a couple months. This one should rise to over a dollar by the end of this year.
Check it out.

I know someone in Adelaide who sits in his basement looking at the graphs similar to what Max posted all day and night and inter trades between currencies, mainly USD, EURO and AUD.

He says he does alright out of it.

He explained to me what he looks for, and there appears to be a science behind it all. He reckons currency is less risky than shares.

[Paphitis]

why did it plummet so hard in one day, from about 8.50 to 5.75 mid September?

it has taken more than a month and it still hasn't recovered that sharp down move.

Because prices are manipulated!
I can't beleive Milti got stuck to this stock by just looking at the price.
What were the volumes??
Such high changes within a single day should be enough to convince you this is not a reliable stock.

I'm not sure about Ripple because I never looked at it, but Tom Tom is pretty much tier 2 Blue Chip.

It's sort after and Apple are chasing it so that they can use Tom Tom GPS maps on their Iphone and Ipad gadgets.

Stocks are manipulated by supply and demand just like the price of Oil and everything else on the market, including property. It is dictated by the price buyers are willing to pay on an open market.

Not only that, but prices are actually dictated by profits per share, profit index, and the dividends. The more profitable a company is, the higher volumes in trade it will have on its shares and share prices generally rise.