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NEOM Chart and tomorrow:
The chart pattern on NEOM is wound-up at the decision point of a Descending Triangle. This strongly implies that a decisive break from the triangle is almost upon us. The meeting tomorrow could be the catalyst for that move.... it, of course, remains to be seen what direction that move will be...if it does happen tomorrow.
For the record, I am still not in NEOM and have no ulterior motive other than to step in and offer my thoughts.
billybass: re selling at .20 cents
You might want to consider the 50 WEEK moving average that is at about .18 cents. We could break though 20 cents and that would likely trigger some sell stop orders...BUT then we might hold at the poinst listed above.
Again, this is only seen on the weekly chart.
Best of luck.
Breacher....re selling at $1
a) $1 is a large assumption for any microcap but let's assume that happens....
b) Let's assume NEOM does get to $1 as surpasses that number. The fact that you are picking round numbers to sell at leads me to believe that you would be selling at an arbitrary point beyond $1. Technical analysis can show potential trouble.... let’s say at $1.30, that might send a strong warning that "this could be the high for some time". What if it fall back from $1.30 to .50 cents. Are you prepared to give up all that money just because you have a predetermined notion of where NEOM should go in your mind.... and in round numbers?
Be careful with that strategy.
One of the VERY hardest things to do is take a significant winning position off the table. It's also, often, one of the smartest things to do.
jonesi....re: chart....
Yes, Descending Triangles normally break to the downside but anything CAN happen. You will note that at the top of your chart, in the 40 cent range, there was an Ascending Triangle which is normally bullish.... but it broke down.
One think is almost for sure: Neom is going to make a fairly noticeable break from this triangle VERY soon.
Howard.....good luck....
You know my thoughts about your style of building shares.
Hope it works.
OBSERVATIONS:
There are some very unhappy and disappointed folks on the board with respect to NEOM's execution and performance.
If you don't like what you see (or have been seeing) then why is your money still on the table? In effect YOU are holding YOURSELF hostage with an all or nothing commitment to NEOM.
Neom may make you rich.... and it may not, but these swan-song posts saying "goodbye to all I am leaving for good" are a good example of a needless all-or-nothing, chips-on-the-table, "back-up-the-truck" mentality.
If you don't like what you see, feather out of some shares. You can ALWAYS get back in if this starts to move above resistance on volume.
Stock buying should never be an "all-or-nothing" affair. That puts way to much pressure on you.
The tone of this room is beginning to show signs that NEOM is in charge of your investment...and not you. Thank about that.
Just some thoughts.
risktaker.....it appears
That your suspicions on internet bashers has caried over (somewhat) to someone who has no interest or time in playing childish games on a computer....that would be me.
You can double and triple think all you want on this, and my other posts but I don't have time for that.
Finally, I will not give even two seconds of my time to defend my motives here. My credibility is beyond reproach....if you only knew me. But, you don't.
Y.J. Re NEOM support:
The 200 weekly moving average is at 18 cents. I would think twice if that does not hold on a WEEKLY CLOSING BASIS...end of Friday.... (not daily).
Chartist1
YJ...I am out of NEOM
I don't really like to suggest what to do with other peoples money but I would watch closely the action from 20 to 18 cents. I would absolutelly NOT add at this point when the bottom "could" fall out if support is broken here. But I would watch to see if a floor could be build in this area.
cjzak, final comment.. and this is a bit harsh:
You are not going to find the level of stock expertise needed to stand your ground with confidence, or flee a stock at the 1st sign of trouble by looking for answers in a chat room. I'm sorry, but that's not the place to educate yourself to a level of independence. Chatrooms are a place for (mostly) unified belief and support of like ideas and building on-line friends. I'm just saying it like it is. Not against them, per say.
cjzak...one more thing:
You should have an upside exit strategy in mind, as well. This prevents greed. How many people would have wished they got out at the 72 cent high? You can't be perfect....but on a percentage bases the move from 6 cents to 72 cents was better than Google's entire rise. Is that not enough to say "nice profit...time to step aside and watch for a bit?".
cjzak.....regarding "man-o-steel"....
I am far from that in my personal life. I smell the flowers and let my 3 dogs lick my face till my skin comes off.
BUT, when my money is on the table I make darn sure that I can always name some very, very good reasons why it is there at all times. Tip: You will save amazing amounts of money if BEFORE you buy a stock you say to yourself...."suppose this does not work out...what is my exit point"....then stick with it. That will take away the emotion and you can then rather calmly exit the stock at your pre-determaned exit point and move on the something else. It's NOT having an exit strategy in mind BEFORE buying that gets sooooooooo many people in trouble.
DrMyke3....
Hope you are doing well.
Regarding you're explanation of me not recommending being "married" to this stock....that goes for any investment, or investment chat board, for that matter. By being married (as you call it) to a stock you are forcing yourself to maintain a positive bias even if the picture begins to sour. The result is a pure gamble that gets further and further based on hope and less and less based on the Fundementals,Technicals and Management that likely brought you to the stock in the first place. At this stage of the game those who say "settle down things are fine" are thought to be steely-eyes heroes in a chatroom....but if the stock breaks down completelly those are the same folks that the finger is pointed at for "making me stay in the stock against my better judgement".
In the end there is only one way to play the stock game: Many hours of study that give you the confidence to think and act TOTALY absent of outside influance.
THE PROBLEM WITH "LONG AND STRONG"...
When you are 100% COMMITTED to a long position on any stock issue you are at the mercy of the companies performance. Rule #1 is you never, ever, ever, ever buy a position without knowing exactly what your exit point is (both high and low).....and you should ALWAYS have a downward exit point in mind BEFORE you enter the position...EVEN if it is intended as a "long-term investment".
It's obvious by reading the posts of this board of dwindling contributors that uneasiness and uncertainty are swelling, but I still see folks saying "great place to buy more at a bargin". While that may be true....that thinking (at this point) is pure gambling and those hotels in Vegas were not built from cactus juice.
My guess is nobody here goes short, either. Playing 1/2 the market is like boxing with one arm. I know it is not human nature to go short....(and I mean this in general terms) but it is much better to be empowered with the ability to go where the market takes you.
Regarding the top folks on this board and NEOM: Have any of you considered that you might be following a bandplayer on the Titanic? Have you wondered why there are fewer posters here?
Note: if NEOM does break support at 20 cents it could get ugly. I would watch that poing on a closing basis.
I mean no hard feelings with this post as I don't like to see anyone lose money but it seems all you have now is hope and if today was the 1st day to consider an initial purchase on NEOM...would you put your chips on the table based on hope? That is your question to answer.
Last man out, turn out the lights....
Good luck to all.
Re: "backing up the truck"....
It's ok to make mistakes.... we all make them in our learning process.
The only thing that counts is: did you learn from it?
This is worth repeating: "Dollar Cost Averaging" and buying while a stock is falling and falling "to get shares cheap" are both textbook mistakes. We all make them (I made them too). Just remember the error and don't repeat it. NO MATTER HOW MANY PEOPLE ARE DOING IT AND CHEERING YOU ON TO DO IT TOO.
Most pedestrian traders never learn where they went wrong...they just think they were the victim of "bad luck".
Recognizing and admitting mistakes and correcting them are how you become a pro...step-by-step.
Me.
Important Comment to individual Thinkers and Lurkers:
While this post will not be popular to those on this board who have taken the unspoken oath of rowing with "long" oars at ANY price...it will be accurate (I promise).
It is very dangerous (and always has been) to doggedly follow the single-minded "(WE) must stay positive" attitude that will always accompany a chat room board that is specifically constructed to support the thinking of 100% long holders of any stock.
While a noble cause, it is just impossible to provide the brutally objective commentary that is essential when the entire existence of the board depends on the long success of a stock.
What I am saying is not terribly profound but it does require a brief step back to look at the broad motivations of any moderated chat board.... not just this one.
It is a very, very liberating feeling to be able to make confident investment decisions COMPLETELLY on your own even if it means going against the crowd - - hint: The crowd is almost always wrong....and no, I am not saying this board is "the crowd". At some point, however, the consistently successful investor MUST put in long hours of work to gain the courage and conviction to make decisions absent ANY outside provocation. It's not easy and it's not popular, but that is why there are almost zero wealthy pedestrian investors.
I have never subscribed to the roulette wheel "let it ride" style of "all-in" investing (I don't speak for all on this board).... it just makes zero sense...no matter what the price of a stock is. I will say that there have been so many classic investing rules routinely broken by many on this board and I just want to be the voice of reason to the provocative lurkers and those who are following a chat board with their hearts and money for the 1st time. Use common sense and think on your own.
If you are wondering why comments from almost all regulars seem slanted to the positive and why substantive critical comments from the few get muted.... it’s because they are. That HAS to be the motive of a "long" board for it to survive. I would expect nothing different….would you?
In closing, you will notice how a long running board becomes more and more about developed friendships. From a truly financial perspective, that can be troubling too because friends don't want to loose the (mostly on-line) bond they have developed so they are inclined to "root" for a faltering stock to insure the foundation of the friendships. It's just human nature...not a crime.... unless YOUR money is swirling down the drain.
I have noticed that there are many more arguments on this board than before and that's to be expected, over time. I do hope that the long-timers keep their friends and all here become filthy rich but the odds of both happening and the board disbanding at the height of NEOM's proposed summit, flies completely in the face of human nature.
With that said.... it is always the individual thinker/investor who walks away with either the riches or just before the accident.
Good luck to all.
Sincerely.
OT: I'm eating more "Fiber"....
Since the 4th quarter of last year I have been picking up shares of some of the new leading Fiber Optic companies that have turned the corner as big corporations are finally opening their wallets and putting their chips on the table to support a Fiber buildout. Verizon being one.....(wink, wink).
They are:
AVNX
FNSR
CIEN
Very steady and solid gains on all. Note: FNSR recently upped their numbers for full year 2006.
Nothing speculative about that.....
For those looking to diversify your heartburn......well, I'll keep it at that.
Observations:
Unfounded speculation is really grabing hold here. If that makes many of you "feel" better, than so be it. Why the general obsession with a 20% partner? I guarantee you if Softy was in-bed with NEOM already there would be huge insider buying going on right now, because one thing is dead certain......all the insider pockets would be lined from both sides before a word got out to "the public". All company officers have the goal of making them rich before you.
As for "connecting dots", which is a commen theme here: Once again some here say, "what is the wildest possibility we could hope to get and let's draw in dots that support our biased and unfounded conclusion". I would imagine the board knows my thoughts on that.
I play the stockmarket to make money.... not friends. I don't expect this post to win any new ones but I can say that these words are totaly unbiased and objective and I don't see much of that here (except for those who worry but will NEVER let go) "Long and Strong" I believe is the phrase.
Of course I don't speak for all on this board and I have generally found the lurkers (fewest posts) to be the most profound thinkers.
I have been out since we broke the weekly uptrend-line almost a month ago.....but I do still like the potential of NEOM.....I just don't like giving my money away when an indicator signs a caution flag.
Any chance of this being "post of the day"..;)
Me.
inforit1 (you only)...
I will offer your "declaration" an opposing view. Charts clearly helped me to confidently execute my entry points on NEOM to the tune of 12.5 cents average cost on ALL shares combined. Furthermore, the charts also helped me to get out of NEOM 3-weeks ago when we broke below the "line-in-the-sand" support that I had posted over and over on the weekly charts. I have well over a 100% profit and am very pleased with that. Yes, I am still watching this one.
If I may offer some advice: If you are not an expert on technical analysis you might want to make your declarations a bit more muted.
I don't claim to be an expert on many things.....but then I don't make declarations in those areas either.
Me.
Self Explanitory chart...
later.
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]waclyyay[pb50!b200][vc60][iut!ub14!lh14,3][j...
Note to board: Opps!....
I can see that my frustrations with the blind "cross your fingers and hope" style of stock buying that most have here is spilling over into my comments and that's probably not a good thing for anyone.
The greatest benefit that I can provide to any board is by default going to create some controversy because it demands two things that I have said over and over that seem to be falling on deft ears and actually annoying some here:
1) Discipline and learning the skill to take ownership in your investments with not ever again having to say, "What does TS think"...and that takes work and time.
2) Harnessing your emotions and thinking independently from the crowd and always at least considering the contraire viewpoint as a gut-check to say "is my original reason for buying still relevant and is there anything fundamentally or technically happening that is not going as I had planed"...."and do I have the tools and skills to see it".
Both of those seem to be beyond the scope of this board and are coming off as a "downer" to the blind optimism of an otherwise fine board with fine people. That’s ok and somewhat expected. It’s a difficult task.
In closing, I LOVE to teach and the only benefit I get from sharing my analysis and comments here is when the light goes on with someone who might be just a bit more empowered by what I have to offer. I am of no incremental use as a cheerleader and frankly see zero value in being one.
With that said, I am going to step away from this because of what I stated in my opening paragraph. Some have been very gracious with their comments and I do appreciate that. I just know that as time goes on I will be more and more frustrated by not being able to communicate what I know to be so valuable and that would be a poor use of my time.
Congratulations on finding a very promising little stock like NEOM. From that alone you are ahead of the pedestrian trader.
Good luck and enjoy the friendships you have created on this board!
Chartist1
inforit1 you missed my point.....
I am well aware that everyone here fully believes that NEOM will rise to the heavens and make everyone rich and that many (not all) own shares because of one person....TS. And now many (not all) have become dependent on his every word because they don't know how to spot a breakdown on a stock, or the valifying signs of strong growth.
The point you missed was that I am not saying anything bad will happen to NEOM or that anything bas has happened.....frankly, that is why I am here. I have spotted what appears to be a moneymaker, to this point.
The more important aspect of my point is that I don't see any sign of anyone here having the discipline to even consider scrutiny of NEOM in anything other than a Polly Anna manner. In the long run that will get you killed, every time. The pros eat attitudes like that for breakfast every day.
So when a post comes up like the one I originally responded too, it seems silly to even question where the information came from. It was another to the moon post with blinders on and I am just stunned by how many responses groundless posts like that get.
As to my charts, this is how charting is done on all stocks, no matter what the price is. You always have to fit and re-fit until something makes since. And a chart can ALWAYS tell a breakdown in a stock...and pardon me if I want to have the tools to see that day (IF) that day should ever come.
Have a great weekend!
Chartist1
WEEKEND UPDATE - DAILY CHART:
As we begin next week there are two uptrend lines to watch for. I show one in blue and one in red. I made the lines thick so you can see them but it does make it difficult to see the exact touch points in early January.... but they are correct.
Also, notice (very bottom of chart) that the Slow Stochs are now oversold, yet price has been basing near the highs for nearly 2 months. This means there is much "room to run" in the short-term if price should start heading north.
Furthermore, the 50dma is still swinging upward and is now just under the close of both Thursday and today. This line and the blue uptrend-line "might" offer support for next week but there is no room for retracement.
Frankly, I would have rather seen a stronger assault on resistance at 42.5 cents during the week, but as long as the red line holds during next weeks trading there is no short-term damage. A break below the red line would deteriorate the health of the overall uptrend.
Finally, remember that this daily view is very narrow in scope and you should always step back and look at both the weekly and monthly charts of any stock you own.
Have a great weekend...
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][J...
You must be joking....
Some guy posts his wishlist "weekend update" and several of you fall clear out of bed. It's this type of blind cheerleading for what is so obviously a "gee wouldn't it be nice" fantasy post that makes me wonder if grown men can indeed be objective with their investments. If I were trading against some of you I would be richer than Gates.
Why don't we just call it the post of the day!!!
I will be BLUNT: The rookie ONLY goes long and then cheers wildly in the face of ANYTHING that he/she will be right.....to the end.
You can do all the DD you want but if you are not able to apply critical objectivity to each and every investment, you will get slaughtered at some point in your investment lifetime. It's a sure bet.
“Step away from the pompoms and come out quietly and nobody will get hurt”....
Chartist1
OT: elliot1234....
If you would like to private message me your e-mail address I would like to follow-up with your last response to me and chat a bit.
Chartist1
OT: On Vacation...hello everyone..eom.
NEOM CHANGE IN TREND: NEW CHART...
This is a new chart that will give you clues that I use to gauge a change in trend of any stock...in this case NEOM.
1) Just as the Ascending Triangle is typically a Bullish pattern notice the Descending Triangle back in June/July which is a typically Bearish pattern.
2) Then notice the Ascending wedge (Sept.) which is also a Bearish pattern. You might remember I sent out a Bearish Alert at the high of 50 cents.
3) Then we had our first Higher Low (second low for the pattern was higher than the first) followed by our current pattern of the Ascending Triangle which is typically a Bullish pattern.
4) Finally notice the RSI. The midpoint at 50 was resistance during the decline...but is currently acting as support during what "could" be a bullish trend change.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][j...
My charts are giving me trouble....
when I post them on this site. You may not notice much difference but they are not posting with the same "look" as when I create them in Stockcharts. They are just as accurate.....but I don't like the look (font, background, advertisments on the right side and narrower scope).
This has been going on for several days, but other than the different "look" the information is the same.
Chartist1
NEOM ASCENDING TRIANGLE (RE-DRAWN):
This is a tricky pattern to capture but this might be a more accurate look at the Ascending Triangle. Upward pressure is still evident (no matter how the pattern is drawn).
Today closed with a black candle which means we closed flat/positive but the close was lower than the open which points to indecision/weakness for the day.
It might take a gap above Triangle resistance at about
42.5 cents with much improved volume to propel us higher. Obviously a very positive news event could do the trick.
This pattern is wound-up and looking for a breakpoint.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][j...
OT: seeclear - M & M are both great beers! eom.
Chartist (hic) 1
relaywing...yup!
You’re on the money, my friend. As far as I can tell the bullish reversal candle got us back TO the breakdown point in the rising pattern...but yes, Thurs/Friday's candles do spell short term strength...(close at HOD on Friday). As far as washing out weak longs....we could both have a cup of coffee over that one it seems.
Of course there are more ingredients to this larger recipe, but so far the soufflé is holding up nicely.
Chartist1
Beacon..My favorite beer is:
Pilsner Urquell. As smooth as they come. Truly the best in the world....for me, anyway.
Chartist (hic) 1
SRM.... when you said....
"Kramer is considered a stock expert"; you really slid south my friend.
Not having a sense of humor and not using one are two different things. I am here to share information on NEOM and the stock market.... and one of the most important messages I am trying to get across is "harnessing your emotions" because not being able to do so, will very often cause you to buy high and sell low.
Success in the market is largely based on Discipline, knowledge, independent thinking and a dash of skepticism that give you the power and conviction to be on the right side of the market. If I can get that through to any one person on a chatroom I feel I have done something.
Now, I know there was nothing funny about that, but that's not why I am here.
Chartist1
stock raving mad.....
Hmmm, if there is one thing I am not, is void of humor, (sincerely)... but to be perfectly frank I would rather use it in a 3-dimentional world and spend the little time I do in front of a flat screen and keyboard at home (other than work....ALL DAY!) trying to help people with what I wished I knew 7 or 8 years ago. And, that does not come across well while telling a joke. Chatrooms are overflowing with comics.....they are a dime-a-dozen.
As for Chaz and TS pumped with enthusiasm.....THAT'S THEIR JOB during an interview. Chaz is selling his companies prospects and TS is trying to "sell" subscribers that he is right on his call with NEOM. I am optimistic about NEOM too.....or I would not be here.
ChArTiSt OnE
NEOM - *NEW* DAILY CHART...
While the Ascending Triangle technically broke to the downside on Thursday, the upward pressure from the past 45 days is still firmly in place.
Chart explanations by color:
Royal Blue: Notice how the May and Oct 2005 tops were quickly followed by slides that lasted for months.
Green: Notice how the Dec 2004 top was followed by a long period of basing at the highs. So far we are seeing the strength return again.
Purple: THE RSI is confirming this strength by bouncing at the 50 midpoint three times during the recent show of strength.
Red: The 50-Day Moving Average (dma) has been moving up over the past month. This means the past 50 days are outperforming the prior trend and is a show of strength.
Pink: Notice how the slow stochastics have fallen even though price has stayed strong. If a strong move up in price happens the Slow Stochs will have room to run before getting overheated
Navy Blue: Several have asked what kind of volume am I looking for to support a strong burst upward. I would like to see 20MM plus shares traded for several days. Notice how when you step back on this chart how recent volume still falls far short of prior hard advances.
Black: This should be the cement floor on any decline. Notice how long it took to get over the black line at around .29cents and how it has acted as strong support, since the break above.
Not shown: We are still strongly over the downtrend line that falls down from both the May and Oct 2005 tops.
I do the same thing on the weekly and Monthly charts. They are both very strong and the Monthly Chaiken Money Flow (not shown here) is still very strongly in the green after 5 years of red.
While this is only the daily chart I stepped back a bit in my view to show that there are many good indicators and reasons why we don't want to obsess on every 15-minute move. In short the characteristics of the recent trend have changed and to this point indicate upward pressure. Should an upward break happen here it would likely be supported by a big advance in volume.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]daclyyay[d20041104,20060304][pb50!b200][vc60...
lifedealer....I will post a full summary...
later tonight. I am a bit pushed for time right now and want to cover several questions with a bit of detail.
Chartist1
BREACHER...chart & summary tonight/tomorrow.
Great post rain day in billowy California.
and as JP would say.....
All The Best,
Chartist1
OT: Beacon...you made me laugh!...eom