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Hello!

post #1 of 6
Thread Starter 

Hello. I found this forum some days ago and  have read some of the posts and it look good. 
i made a trading acc 1 week ago, and i am here to learn. i have been reading a lot the last week about trading and charts, and i have learned alot to.

but i have some questions about a norwegian stock, i am trading on the norwegian stock marked, because i am norwegian and i want to start with someting that i know a little about.

 

the stock is Nordiag(oslo)

nordiag.jpgnordiag 1m.jpg

i brougt some stocks at 0.9 somedays ago. because i read about i check out some history and i thought it will go up in some days, and it dit a lot for volume was brought on friday and the buy sell ratio is 95%(95%buy) dont know if that have anyting to say, but how far do you think it will go. i was thinking that i will sell around 0.16 or someting.

i dont have alot of money in this, so even if it goes to 0.5 i will not make alot of money, this is the first time i have done this, and want to learn before i put alot in it. 

 

all the prices are in NOK btw (1usd=6nok)

 

sorry for all typos and shit
 

Galt

 

post #2 of 6

Welcome Galt!

 

Im not sure we have many Norwegian traders here, but the stock market is basically the same game in any country.

 

The stock you have showed us above looks like a penny stock, it will move very fast both up and down with little volume, you need to be careful of these stocks and take your profits quickly when they move.

 

You can see how easily it went from 20c to 10c, so if you were lucky enough to get in and make a profit quickly, sell your shares and lock in that profit!

post #3 of 6
welcome
glty
wink.gif
post #4 of 6
Thread Starter 

Hello stockjock-e 

 

tanks for the replay,  yeah is a penny stock form norway.
just have one question it was a lot of ppl that brougth this stock at 0.12 and wonder what do you think there target price is?
and how can you tell how long to ride it?

i brought at 0.09 and seeking around 0.16-18, feel like that is going to be the top before 0.12 ppl will try to dump it

 

post #5 of 6

Sorry but I really can not give you much advice on this, but think about it this way:

 

See how in Feb the stock was around .16-.17?   All those people who bought the stock in that area and are still holding would be very happy to get their money out.

 

If you bought this stock at .16 and it dropped to .09, you would be very happy to get your money back if it came close to that price.

 

There could be sellers coming back into the stock around .14 to .16 if there are a lot of people who want to get out because they bought in too high. Just something worth watching for.

post #6 of 6
Thread Starter 

tanks for the input.
will be watching for that.

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