I disagree. Any stock that moves strongly (violently) in either direction is a good day trader stock. Trick is to not concentrate on buying at the lowest or selling right at the top but to buy at a nice price even though it might go lower and sell at a profit even though it might go higher. It might go back to 34, nobody knows. But in my opinion, all this qe money is like a thunder storm, the rain will increase size of all lakes, maybe higher than they normally would be, when it's finished they might go back to normal or by then they will be making extra profits that they deserve their higher price.
... boi is not a good day trader stock... it is a long term hold.. boi is unpredictable.. it is a penny stock with an 'A' rating... not many stocks in the market with this rating... a safer hold than some big name bank stocks like jp morgan, citibank, bank america.. to name a few...
Not all contributors on this forum are looking for a continued rise in sp.Me for example.
Having jumped ship prematurely- as it now seems- and sold all on the rise at 0.345 my hope now is that the sp drops to 0.34 to allow me to get back in without a loss. The fluctuations in sp over the past 24 months suggest that this might be just possible but not,I think probable.
If only I had waited just one more week ...................
100% agree that psychology is very important, particularly group psychology. It would be so much easier if you could truly attribute a 50% weighting to any one individual input variable, psychology or anything else.
psychology is in my opinion (at least) half of the game when we talk about the stocks markets. If there was no speculation maybe all could be reduced to technical balance sheet data and co. decisions but since human emotions and ambitions are mixed into the equation psychology plays its roll. I prefer 100 times a solid business which was previously valued in the euros quoted now in the pennies than vice versa. I don't see either any particular advantage in a solid business having a high SP value. If the business is solid i prefer owing 10.000 shares at 30c rather than 1000 at 30 eur .A personal choice i guess.
"My wishful thinking is when the Gov't is ready to sell their holding, BIO buys them back at market value and they remove those shares from issuance."
Boi wont have the cash to buy the government shares for years. they have laid out their intentions clearly. pref share redemption this time next year followed by a reinstatement of a dividend. a consolidation wont cost much so not totally impossible, but no buy backs. they would possibly need CB or ECB approval for a buy back as well.
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