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Dr. Mike.... yes they do.....
When I spoke with management about 6-months ago on behalf of Verizon and before they sent me a custom presentation, the lady i spoke with (I won't give her name) said that the folks on I-hub get pretty reved up sometimes. She was trying to see how I would react to that comment.
C1
early retirement...I would suggest.....
You never worry about sounding like a basher with the approach you are showing. It is VERY healthy to always question your investments and ask yourself (even when price is going through the roof) "Do my motivations for keeping my chips on the table still apply". Then ACT based on the response you give yourself.
What I would consider unhealthy are denial, hope and anger. NEOM is certainly not performing as most everyone here thought, but earlier comments on this board like "don't worry, be happy" don't pay the bills.
Good trading!
C1
Breacher: Technical Update....
The 50dma (Day Moving Average) has been keeping a lid on price since March. Also in March the 50dma had a "kiss-of-death" brush against the 200dma from the underside and was unable to break above. Subsequently, both averages rolled over and have been in a steady descent since March. Needless to say, price has followed. Note: The "kiss-of-death" rollover that I just mentioned is just one more clue that trouble "could" lie ahead with any stock.
As you know, we have since broken down from a bearish Descending Triangle and I think tomorrow's candle could be telling.... and here is why: Today was a doji candle that shows "indecision" on price movement. It also sometimes signals a change in the current short-term trend. Since the last few days have been a retreat from formidable resistance at 20-cents I would love to see a new attack at that resistance beginning tomorrow. Continued decline tomorrow, however, would further the case that we have a failed backtest of broken support at 20-cents. I am somewhat encouraged that we did not touch 20 last week and head straight down. Price is still fighting.
Until 20-cents is broken to the upside, on a closing basis, I would not hold your breath on a confirming change in trend. Seven of the past 10 days have been up days but there was no volume at all on the advance and all this did (so far) was to work off oversold conditions. On the good side, the weekly Slow Stochastics have begun to turn up and if that were to hold we could have a sustainable advance.
In short, from a technical standpoint we are still trying to recover from a chart breakdown and the response from the breakdown over the very near term will give us clues to the short-term technical health of NEOM. Volume continues to be a long-standing issue. 20-cents in still the guide to use for a confirmation of a change in trend.
Side note: My "handle" seems to lead folks to think I ONLY use charts as my guide. Rather, they are one of many indespensable tools that I use to cover both the Technical, fundemental AND EMOTIONAL aspects of trading/owning shares. I suppose "Success" might be a better handle....but that one is taken ;)
C1
aztreedoc...for the record...
it was disgusted which is how I often feel with my spelling.
TV Director...of course not....
But, unless you were following his advice,why the discussed tone in your TS response? Expecially if you already know his motives.
That is what drew my response to you.
All the best.
C1
TV Director...re Tobin.....
You and almost everyone else on this board is here to "strike it rich" with NEOM. This being the American Way, TS is doing the same thing, and he has a right to.
Every newsletter publisher that I know of (especially with microcaps) teases with prospects of great riches. That publisher only needs one or two of those oil wells to come in to continue to cash in on his subscription price.
Tobin's motivation (I posted this months ago) is not to make you rich...it's to make him richer by building his subscription base any way he can and have just enough wins to maintain credibility. That's nothing more then being an Entrepreneur.
I suspect your issue is not fully understanding the complete motives of subscription publishers and, for that matter, any serious person playing the stockmarket game. That is to make THEM money and congratulations if you do too.
The biggest lesson that everyone learns at some point in their investment life (some never do) is that YOU AND ONLY YOU ARE RESPONSIBLE FOR THE RESULTS OF YOUR INVESTMENTS. If a TS follower drops their guard and says, "TS says this will be a 10-bagger, I'm all in till the end"...well, who is the fool there.
I'm sure this is not what you want to read, but that IS the way it works. This is also the reason that there are very, very, very few pedestrian stock trader millionaires. They are the clay pigeons of Wall Street. The good news is that putting in hard work and learning to be a contrarian can get you out of the shooting gallery.
C1
styls...we could also....
Gap over 20-cents too....that is another way to get over resistance.
Good luck.
I think THIS China news is a NEOM mover...
Tomorrow we will know but I can't see how this China agreement operations deal will keep NEOM down tomorrow. We have had news before.... but I don't think we have seen anything like this, yet.....but I will admit that I don't know the fine details.
This could be the news that will overcome the chart barriers and blast price past the 20-cent barrier on big volume. We would likely see a big gap-up and we would then need to see how that gap is handled throughout the course of the trading day.
IF THIS IS TO HAPPEN TOMORROW (close over 20-cents on BIG volume) I WOULD CONSIDER BEING A BUYER AT THE END OF THE DAY. This "could" be a gap and go....that does not get filled.
Again, smart money ends the day. Patience, patience, patience.
We will see.
C1
T/A "On the positive side"....
If NEOM does break over 20-cents (hopefully with volume) the next point of resistance would be at the 50dma (day moving average) at 24-cents.
C1
Well It Happened......
For those of you who think that charts involve magic dust.....we did exactly what I feared today.....a perfect back-test of the brick wall at 20 cents followed by a retreat that created a spike high on the daily candle.
Of course we could still power higher, BUT... as I stated in my last post this rally "so far" appears to be an oversold bounce on low volume that recoiled when testing the NEW wall of resistance at 20 cents that served as prior support.
Time will tell,
C1
JP.... regarding your reply....
You misinterpreted my message a bit. But thanks for the reply.
I know the patents were secured long before the camera phone. I am only pointing out that management had to round them up and build a fence to protect "The Golden Goose" that dropped into their lap. NEOM management THEMSELF said that they had Papercklick technology sitting around on a shelf with no application and AFTER the camera phone came to be they saw the possibilities.
I am not trying to be a downer.... It all may work out just fine. If I did not see the possibilities I would not be here. To much life to live.
All the best to you as well.
C1
Technical update: Today....
Is the 4th consecutive up day (still 22 minutes left today) on NEOM and as I type we have a gap-up Doji (tail up and down with price currently near the open.... a "spinning top"). Today's candle is a sign of indecision from a chart perspective and the fact that these four up days are not being propelled by volume of any kind makes me think that this 4-day bounce "could" be running out of steam prior to a back-test of the .20cent resistance area. The only thing this rally has done so far is work off oversold conditions. Only time will tell.
C1
Not one that I will post publicly.
One of MY management concerns.....
The technology for Paperclick was created way before Camera phones and sat on the shelf with no real application to exploit. Those were their words, not mine. It seems to me that when camera phones were born, and gained traction, that management lucked out on a "killer app"...but to their credit, quickly scrambled to build a fence with their patents to secure this potential golden goose. There is nothing wrong with luck, I just hope they truly know what to do with it. The companies that NEOM recently acquired all seem to have grabbed the "bull-by-the-horns" without any such fortune. I even wonder if the brain trust from these acquisitions might help to insolate any NEOM management shortcomings. I admit that this is pure conjecture on my part.
I would have been more comfortable seeing NEOM management develop this technology in anticipation of the camera phone, thus showing a firmer understanding and ability to capture the developing frontier.
Bill Gates left Harvard 2 years early because he saw a huge untapped opportunity and wanted to be the lead player at the expense of his Harvard degree. I don't believe we see this here...but I am not an expert in this area.
All comments welcome.
C1
I commend the board today....
I see MUCH more in the way of thoughtful, constructive, critical commentary that is more based on fact or reasonable assumptions than I have for some time. I believe that all assumptions should be challenged in a healthy manner and I see that today. Hope never filled my mainsail.
Nice chatter today!
Good fortune to all.
C1
aveng...you just told me alot....
Good luck to you!
Thank you Doc....
I hope you become rich beyond your wildest dreams.
I really do!
C1
aveng.....do you know.....
charts well enough to make that bold call?
I already know the answer to that.
C1
Doc...I think it's best that I
take a pass on that one.
All the best!
C1
Aveng....I was a holder of NEOM
for a very long time and I am considering a re-entry.
I have been thoughtful but assertive with my posts.
You do have choices.
Best of luck!
aveng....most of this is.....
replying to follow-up questions.
Bottom Line: In the Stockmarket It's about what makes and protects money. That's all that matters.
That it!
It's fine if you want to iggy me.
C1
8eights regard my risk tolerance.
On the 1st trading day of January, 2001 I was carrying more than $150K in about 12 big cap Semi stocks...BRCM, KLAC, NVDA etc..... and intra day, Greenspan surprised virtually everyone by dropping interest rates by 50 basis points (he was trying to get a catalyst to support the market). The market went nuts and I made 42K in 3 hours. I still keep the e-trade printout for that day.
People on the QQQ board from Raging Bull (the only RB board worth anything) were saying I am not going to enter until the end of Jan because there is a scheduled Fed meeting and rates will be cut then. I said.....that's when you want to GET OUT! Everyone knows that rate cut is coming and it will be sell on the news as this is just a bear market bounce. As it turns out, the market peaked 3 days before that expected cut. I got out of ALL my long positions (one day late) and shorted $180,000 of Openwave at $69 a share. It never saw $69 again and likely never will.
THAT is risk. But it was managed, calculated risk that had a clear strategy. The Inta-day cut was just pure luck. But riding the wave, knowing when to get out and then shorting back down.... well, call that what you want.
My point, I know you don't know me but I am pretty darn good at this stock thing and I am not at all adverse to managed, calculate risk with both entry and exit strategies. THAT is what I don't see here, and frankly I did not expect it.
Am I alwasy right....of course not! But I know very quickly when I am wrong and I do something about it.
C1
Mae, are we breaking up again? eom.
8eights...thanks for the thought.
I do happen to understand risk taking.... the mere fact that I placed a "good chunk of change", and I will leave it a that, down on a totally unproven OTC stock attests to that. What you left out in your thoughful post was that these stocks can also take your money away overnight. And I don't see anyone here with a plan for that. Now, if you are just dabbling.... that’s fine....but many here are doing much more than that...I have a word for that style: Vegas.
As far as preaching...call it what you will.... but when I get a private post (such as the one I got about a month ago) from someone who said (and I am paraphrasing) "I was hesitating in the 40+ cent range and I can't thank you enough for the information that helped me to protect my money by getting out at your sign of caution".....I feel I have done some good.
To your point...if NEOM rocketed up on great news there would still be plenty of time for me to ride the upward sustainable trend. I would be THRILLED for you guys if that happened!
Best of luck!
C1
FF - You are very gracious....
I DO realize I am hard on some ears here......
C1
FF...charts have EVERY REASON....
as to why I was positive on NEOM when I got out. And I explained that several posts ago.
It's all about entry and exit points and I used charts (among other things) to choose those points based on the added information those charts provided me.
I don't see what is not clear about that.
Anyway.....that's likely more than enough on this subject.
C1
FF....one last thing....
I don't actually use the Point-and-Figure in my analysis. My purpose in that post was that it had a "very optimistic" bullish projection and this board seems to like to ride that bus at all times. I did not expect anyone to go to Stockcharts....I rather hoped they might say.... "Hey! negative Chartist dude just threw some hope into our backyard".
C1
focused fool....I do realize that...
I am challenging some people to change the way they think. That's part of development. I don't see any (well-meaning) people here challenging with a possible "better way" to invest. I just see gathering of hands, growing friendships and no clear entry or exit strategy. A big love-fest, if you will that is gathering tension and losing money as time goes on.
Now I'm really pissing some folks off ;)
There IS another way!
C1
My last post: horrible grammar and SP...
But I am trying to upload new product onto my E-Bay site.
Sorry, Hangdog!
C1
focused fool...in one sentence...
How many good folks here are currently positive on NEOM?
There is "my system" (as well as other good ones) and there are also cardinal sins of investing being applied on this board, almost daily...(I won't go into that again)....and as a result MANY folks here are deeply in the red and currently using hope as their guide. I am not trying to reach everyone, but I do get enough public and private replies to feel good about what I am offering. No, I won't pay a nickle to be able to post privatly.
finally, I always look at $$ performance of a "system" as the true test.....all else is hot air. Finally, charts are always a good tool to possess if you are serious about the stockmarket long-term. Why not start now? Or at least try it. For those that never have it seem puzzling to me that they can offer such a one sided opinion.
Best of luck!
C1
THE BOARD MIGHT LIKE THIS!
The Point and Figure Chart on Stockcarts.cOM (not mine) has NEOM with a Bullish Price Target of about $1.81. It's been that way for months....but I thought I would mention it here. The Point and Figure they post has a very long time frame. If yo have Stockcharts (or comparable) you can just click the P&F option and the chart will show this view (X's and O's for those not familiar).
C1
woogerbear....one last thing.
It's not "research" that counts....it's results and wealth protection and growth.
I used charts to confidently enter (sorry but that's the correct word) at an average price of 12+ cents and I used them again to protect my gains by exiting at 34-cents or there abouts.
Forget research...how about results?
C1
woogerbear...re: charts on OTC Stocks
I posted a subtle but strong caution warning when NEOM was basing at the bottom of the Descending Triangle (20 cents) that a strong move was immanent and that is was most likely going to be down. That's just what happened.
I choose to think that was a fairly predictable outcome. You seem to think otherwise.....or you just ignored my post.
I then said a retest of the break of 20 cents was very likely...and we are seeing that now. Don't get me wrong.... I would love to see NEOM close over the brick wall at 20 cents on strong volume.
I also sold all my shares when we broke critical support (that I posted here) in the 34 cent range. Well, I am glad I did. I would love to have a great reason to re-enter NEOM. I don't have one "yet".
Good luck!
C1
Cody4.... not sure it's a unique style...
It's fairly straightforward once you have been at it for a bit.
I don't follow Tom O'Brian but thanks for asking.
I now do all my work on my own after many years of studying others, a few classes and practice, practice, practice.
It really comes like second nature now.
I have said this before (and some eyes will roll in this room) but I strongly think that trading or building a long-term position without studing the charts is like flying blind. That might sound extreme.... but after you are VERY comfortable with charts, and you look back to when you didn't use them, you almost certainly with feel the same way. I don't know a single pro who does not use them as a critical daily tool.
No horn blowing here...it's just part of the natural development in playing the stockmarket.
C1
WHEN I WOULD "CONSIDER" BUYING NEOM....
Since several of you asked (and this is my opinion only) I would not even THINK about buying or adding shares until the formidable wall at 20cents is re-broken to the upside on a closing basis and with strong volume. The last two up days could just be an oversold bounce. Today did nothing to turn the tide and volume, once again, was absent. Right now there is a strong "lid" on price at the 20-cent barrier. Typically a support break line will get re-tested from the bottom side to see how well it holds up as new resistance...so don't get to excited if NEOM climbs back up to test 20-cents. A close over 20 cents on robust volume (15-20 million+ for the day) would likely signal a change in trend.
C1
Some NEOM observations...
Today we obviously saw a nice intra-day reversal candle on the daily chart. What "I" am going to look for tomorrow is a strong follow-through day, with volume, that would do 2 things:
1) Make for a huge spike-low reversal candle on the WEEKLY chart. Tomorrow being Friday will give us the completed candle for the week (head-fake elliminated).
2) Have price rise back ABOVE the 200-WEEK moving average, which is just above 18 cents. We broke below it early this week.
If both of those things happen the next BIG hurdle would be getting over the brick wall at 20-cents. That was serving as support, as most of us know. Broken support in turn becomes strong resistance. And THAT is a stiff wall.
C1
Mae....is this board about
socializing and making friends more so than retaining and gaining wealth?
Good luck!
Mae....thank you for your
Very first reference to me. I am not surprised by your view.
Good luck to you!
beam...the peoplemarks comments
was a very poor statement on my part.
let's all move on.
stock-raving-mad.......
Do you really believe what you say? The Academy Awards are not until next March.
You know....I just heard that the entire world is being manipulated by a single person who is living somewhere in Omaha. Let me know if you find him.
Your killing me! I love it!!!
C1