Recent movement and road ahead, page-65

Hi @TheArchitect - I mainly analyse stocks from longer term FA angle, and prefer to buy stocks which I'm comfortable with, and willing to hold for a longer time frame, if need be. So, generally, I don't pay too much attention to short term fluctuations.

It is really very hard to say what can happen in the short term. Many wanted to book profits in the teens, then the 20s, then the 30s, and finally today. So, you'll always have people wanting to book profits. There were some large orders today, and this might be a good sign.
It really is difficult to predit a price and that is one thing I've never attempted to do.

I think TON investors must decide whether they are into TON as day traders, short termers or long termers because the dynamics can change dramatically, and people who are long term investors but looking to make a fast buck, might not have the same skills as a day trader to come into TON again, at the chosen price.

Even in my original FA around March 7, when share price was 15.5, I stated that I don't know if the price would even go to 1c, but the then valuation of 50 million for the world's biggest graphite deposit seemed cheap to me, and especially when compared to that of its closest peer.

Now, with this massive off take agreement, from pure FA angle, ideally TON's valuation should come even closer to SYR.

@Fibonarchery who is probably much better than me at analysing shorter term movements also seems to share the opinion that TON's market cap should come closer to SYR (at least 50% of SYR), as he posted earlier today.

So, in shorter term, it depends of the extent of FOMO, some historical resistance levels, etc. If those resistance levels get broken, then there is no telling where the price will go.