Asleep at the Wheel

[rich pearl]

ah... a visitor. welcome! would have answered yesterday but went to Yankee Stadium and it was a forever game. but what's 4 1/2 chilly hours inside a crowd, not to mention an hour or so inside a packed subway, when you're having fun. argh!! silly me, i thought American League games were supposed to be fast paced. ah, well. we're all obsessed about time anyways. and speaking about time, is it time to 'ad' INMG?

http://www.profitspi.com/stock-chart.aspx?id=inmg&ca=1751546066

ugh!! that was fluff news, basically for ihubbers. this is an ihub-centric stock. you can tell by the style of the posters, not to mention that the news was on an ihub feed and about an ihub event. what does that infer to you? looks to me like this was ihub front loaded, and ihub bought on the run, and ihub sold on the retracement. but its all part of the game, and this is still a potential money maker. just got to be aware of the challenges.

so... what's the chart say? looks like its beginning to find a new bottom. pattern is still the same, pennant into a possible cup -- typical consolidation phases off the flappole. support seems to be settling into the area from .008 to .01. if it holds this is the accumulators loading zone. could be another week of low volume side-trending. generally speaking, consolidation phases take at least two to three weeks to finish absorbing all those recently traded and newly held shares from the run up the pole. a run, btw, needs volume. a walk down doesn't. so far this is the standard low volume retracement leading into the price compression that comes before the next leg up. hopefully this will stabilize here and we'll get on with the business of continuing the uptrend.

that said, i still see no buy signals for the position player looking to limit his/her time of exposure. that, btw, doesn't mean its not a good buy here. its just not a 'called for' buy. there is still the matter of time before this one is ready to rumble anew. of course, this is just my rendering so readers should judge my thoughts as being mine, not theirs. anyways, i like the low volume and the chance for quiet accumulation. i'm just not sure its finished backfilling. shouldn't drop much more, but...

its otcland where a good buy can turn into goodbye in the blink of an eye.

best to ya'

rich