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There's always something that crops up when I invest in anything. Had been out of CEY for years but thought it now looked investable. Simply wall street indicates that it'll get back above £1 at least. Analysts were bullish on Centamin a few months back but I held off then.
Looking purely at the chart which is a reflection of the market despite what anti-chartists say then it looks like we're heading for a decline to at least 4500 again. More buys than sells today, however, if the figures can be believed.
The longer term chart would also suggest the price will get back above 5000 some time - or is the world so changed that it won't?!
Yes £4 seems to be the base level over recent years down from nearly £5 10 years ago.
I bought after the March drop and of course it's marched down since then.
Happy if we can get back to £4 maybe running up to Xmas.
A target price of 260 from Berenberg is absolutely ridiculous. What would be good is an expose of these broker targets on one of the daily business news items on BBC or Sky News.
When I bought after the big drop in financial stocks in May I thought 160 would be a good price to hit.
I fear that every addition would be followed by another 2-3p drop so sitting on hands for a while.
Just a couple or so weeks back it was hovering around 500 but maybe it's giving back the gains made in January when we didn't have all the summer chaos. I'm trying to spot a trend - it seems up in the last few days but if I top up - guess what will happen...
The VOD delusion.
I occasionally look at this. I recall the vitriol I received when I predicted 91p not so long back based on the continuing downtrend. Now look.
Where is the growth to come from? Voda has a large costly infrastructure to maintain with undersea cables etc.
523 looks like good timing. I could certainly do with reducing my average having (stupidly) held from buying at nearly 700! However, are we looking at a continuing overall downtrend? The answer is is yes if i buy more and no if I don't! Wish i could make money out of always going the wrong way!