CETV - Central European Network Media

CETV - Central European Network Media

CETV is engagad in Commercial television channels in Central and Eastern Europe mostly. What is interesting about this stock is the fact, that it is traded at Prague Stock Exchange but its parent company is also traded at NASDAQ (the composition of both stocks is mostly same).

Fun about this stock is given by time shift between Czech Republic and United States. Czech stock always follow development of its american family stock. For example see development at NASDAQ for three months

http://finance.google.com/finance?q=NASDAQ%3ACETV

and development at Prague Stock Exchange for same time period

http://www.akcie.cz/scl.php?ID_CENINA=63681

As you can see, the development is very similar, and we can say, that if you check the development of CETV at NASDAQ, you can with more than 90 % probability expect development of CETV at Prague Stock Exchange.

I would recommend you to make some paper testing at moments of significant movements at NASDAQ and subsequent action in Czech Republic, you could make some good profits.