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COMMENTS TO THE BOARD:
1st happy holidays to all and yes I took a gander at the photo.... nice group.
1) Don’t be so sure that NEOM deserves a higher valuation than is has at this point in time. Smart Money does not put their chips on the table on pure speculation. And make no mistake...that is what we dealing with here. That is too much of a gamble for Wall Street when playing with other folk’s money. When/if NEOM starts to gain a steady revenue stream on Paperclick you will then see interest turn to action as the unit should then help the Paint unit march towards profitability.
2) It’s always fun to guess the high of a stock you hold for the following year (and I am sure they are all much higher numbers) but it likely does you a disservice. It forces a predetermined bias that does not allow you to see warning signals (should they appear) along the way. Is it common, yes.....is it smart....ah, you decide.
3) At some point each and every person on this board will have to make a personal decision on when to sell. It might be tomorrow, or it might be 7 years from now. While the "buddy" chat can be fun in chatrooms, at times, It also fosters a group bias/mentality...surprise!...to the upside. I would strongly encourage every person to be prepared to make individual decisions by uncoupling their emotions from the board’s bias. It's NOT easy, but as I have said before EMOTIONS are the biggest enemy of a trader/investor. I have seen countless times where Panic bottoms cause capitulation selling and euphoric tops cause buying and "to-the-moon" predictions.
In summary: The ability to check your emotions at the door and know what you own with a PRETETERMENED exit point is a great foundation for success...but.... it requires INDIVIDUAL thought and action.
Finaly, I hope you don't read my post as cynical (I am still long) but nothing I do in the arena of investing/trading is based on hope. Ever. Sometimes I just think this board can use a little dash of perspective.
Go Trojans!
Chartist1
Last "nice" comment before bed:
I am not bashing Tobin...he does command $$$ for his subscriptions and MOST people don't just throw money away. I just get somewhat frustrated at reading posted based "mostly" on blind faith.
For the record NEOM's medium and long term technical health is still intact at this point.
Chartist1
One last rant...
I said this before too....but NEVER average down. Never. I don't want to catch a falling kife, why should you? Averaging down is a GREAT way to accellerate losses, not make profits.
Doc, you know I said this, but it bears repeating: you add to positions on breakouts ABOVE resistance and you short or sell on breakdowns below support floors. Consider that Stockmarket LAW and you will be very well served. Stick to those guidelines. Are there examples where averaging down worked?....of course, but Vegas pays suckers once in a while too.
Happy Holidays!
Chartist 1
Hey Doc...and board
I mostly lurk now (to busy and folling any stock every moment of every day is not really my thing) but TS is following HIS plan to a tee....promote stocks and fan the flames of early winners so he can make money selling subscriptions. Who would not do the same thing in his shoes? He is in the business of making HIM money more than he is making YOU money.....that SHOULD be rather obvious in the cut-throat financial world.
I am DEAD SERIOUS....once you realize this (and I have said this before...but folks don't want to listen) that this is the primary goal of almost any newsletter writer, than you can be more prepared to defend your money with causious optimism and a PREDETERMINED exit point.
There are only two things I look for when judging newsletters....1) Track record and 2)how long they have been in business....(lossers don't keep subscribers) so he seems to still be able to attract moths to the light.
On a personal note I did not go into NEOM on Tobins advice. I did not even know about him 2 years ago.
These might seem like harsh "anti-long" words....they are not! But this board is woefully lacking in realists with time-tested perspective.
Success in the stockmarket is about putting in long hard work and not about hopes and dreams and blind faith.....PLEASE REMEMBER THAT if you remember anything. Learn, learn, learn, learn...and if that is booring....get out! You will loose our shirt.
Chartist1
A BIG MOVE IS LIKELY VERY SOON...
We are right at long term support and volume has been absent during the long slide. That is a small, but good sign.
While it could be a down move I think a powerful up move is significantly more likely (and that has NOTHING to do with my long position, or hope, which has no place in investing).
Chartist1
Dr. I have the prescription...
Don't look at NEOM "minute by minute"....or even day by day....I don't.
I just heard from a very well placed source that there is a hustling-bustling real world out there with sights and smells and beautiful girls and jumping children.....
If you are "all-in" that would imply that this is your best source of recreation......."say it ain't so, Joe".
NEOM WEEKLY CHART (REVISITED)
I thought I would update and repost this weekly chart BECAUSE we are right above "line-in-the-sand" support (uptrending thick purple line). You might recall this was noted on all my prior weekly charts prior to this coming into play, as is now the case.
I would hope to see a very strong bounce off this line. I can't see any scenario that would say a break below this line on a closing weekly basis would be anything but confirmed weakness in the medium to longer term.
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]waclyyay[pb50!b200][vc60][iut!uc20!lh14,3][j...
Chartist1
focused...did not see your post.
Interesting stuff on CNBC.
Chartist1
Just on CNBC......
Roundtable on the Google/Yahoo wireless partnership. David Faber just described future consumer applications in wireless capabilities. What he described what EVERYTHING that NEOM does (and what we describe here) without saying their name.
I assume someone here saw it.
Off to work...
Chartist1
OT: Success
I read every one. I was just summarizing.
Re: Google=partner....
1) The analyst had to be referring to pay-per-click
2) If google "owned paperclick" and an analyst knew that as common news to be broadcast....you can bet all the insiders would know to, AND NEOM would already be at $1.50 plus. News like that waits for nobody.
Point #2 conclusively kills this irresponsible tease. I’m surprised that more folks here don't understand how fast NEOM would appreciate on ANY leak at all that we were a partner with Google.
Frankly, it disappointing to even see this tease bantered about.
Is it that difficult to stick to facts?!
Chartist1
EXPECT FOLLOW-THROUGH TOMORROW....
No time for a chart update tonight but we have a nice rounded bottom on the 60minute chart...short term bullish sign.
In addition we held nicely at the 50week sma that I suggested we watch for in two prior weekly charts.
It is highly probable that we will have follow-through to the upside tomorrow.
Goodnight all....
Chartist1
Re "Bigmac" in Go Window:
Looks good, but it's not "Registered" in the word registry. It would seem that would come first.
Chartist1
NEOM DAILY CHART UPDATE & Comment:
1) Only change is that price is now below both the 50 and 200day sma's.
Note: My comment about not buying shares during this decline (averaging down) would apply to ANY stock....not just NEOM. It "can" work for you, but so can Vegas....but the odds are not nearly as favorable as accumulating shares during breakouts above resistance....BUT you must know where resistance levels are and when they are broken.
Success in the stockmarket is about discipline, not "backing-up-the-truck"....just because you can.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][j...
NEOM WEEKLY CHART UPDATE:
1) Price is resting right on the 50week sma. Watch for this to hold as meaningful support.
2) All other indicators on this WEEKLY chart still looking good. Slow Stochastics moving back down but the Chaiken Money Flow is still strong and the key moving avearages are still moving up.
3) No volume....price is adrift absent any news.
Note: Try not to obsess with every tick during the day. First there is more to life than that, and second, it's to small a time frame to have any real meaning, in MOST cases.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]waclyyay[pb50!b200][vc60][iut!uc20!lh14,3][j...
Doctor......
"take advantage of lower prices to buy"?
Mmmmmm, selective memory, my friend?
OT: NEVER say NEVER...eom.
Comments not directed at anyone...
No explanations necessary.
Chartist1
8eights....one last thing.
I am a creative type and the furthest thing from a program geek. That does not mean I don't rigidly protect my chips.
Chartist1
8eights...thank you for your comments
I'm glad your trading style works for you.
Let me be a bit more specific....I did NOT say don't buy climactic hammer reversal panic bottoms. If you know how to read them, they are a good place to put money on the table....I did the Friday after the markets opened after 911. I bought a capitulation bottom when the Comp gapped down in the morning on huge volume and then climbed the rest of the day. I made very good money and it was a controled buy while panic sellers were bailing out at all costs. BUT, I was OUT until that bottom happened.
My rather strong statement has been echoed by traders much better than me, but again, I am glad you are successful.
The boards a little edgy tonight....
All the best,
Chartist1
Comment to a jittery board.....
I am not relating this comment to NEOM, but it's worth mentioning here.
For the record (and please trust me on this), NEVER "average down"... that is a sucker’s game and the pros never do it. Yes, I know that's what we all are told, but you NEVER, EVER want to accelerate your losses by buying and buying while a stock in a prolonged decline. You don't know if it will ever come back and price falls for a reason. When looking to add to positions you instead buy breakouts above resistance. If resistance is at 35cents and a stock finally breaks to 36cents you add to your position AT THE CLOSE OF THE DAY, to confirm price will close above resistance. Now prior resistance becomes NEW support. There is an added bonus to this too. IF price breaks back below prior resistance (current support) you sell the shares you just purchased for a very small loss.
There is one VERY BIG difference between successful stockholders/traders and poor ones.....while EVERYONE takes losses, great traders/purchasers never take big losses. They recognize their misjudgment right away and get out. Learning this will improve your $$$$ immeasurably.
One of the things I had to do over the years was unlearn all the bad habits that we all pick-up as we try to educate ourselves in the market.
*Stepping down from soapbox*
Chartist1
GREAT CHART EXAMPLE: "PREDICTING TROUBLE"
Please indulge me with today's chart of Xilinx (big Chip Stock).
I won't do this again, but it is a perfect example.
1) The 50day sma rolled over and fell below the 200day sma. Remember that I have been telling you that this is important to watch for future weakness.
2) A clear Descending Triangle formed (very BEARISH pattern) that is a high predictor of a future breakdown in price.
3) Higher volume on down days than on up days during development of the pattern.... further confirmation of trouble.
4) Finally, Xilinx announced earnings last night and dropped 18% today by not meeting expectations and breaking through the downside of the bearish pattern.
This chart gave you plenty of warning that there was likely a big decline ahead. You can even measure the expected decline once the triangle is broken to the downside. You measure the width of the triangle at its widest point to get the expected decline once the pattern is broken....
This is a perfect example of using charts to first see warning signs and then act on them before big trouble hits.
I won't do this again, but it is a textbook example of what charts can do to protect your hard-earned money.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=xlnx,uu[w,a]waclyyay[pb50!b200][vc60][iut!ub14!lh14,3][J...
The Good Doctor...
Do I detect a little impatience?
C1
NEOM UPDATED DAILY CHART:
New chart update. Very tough to call.
Please read annotations in the chart.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][J...
NEOM WEEKLY CHART:
The weekly chart is slow to change so you won't see drastically different comments here. The technicals are still holding up BUT we have not yet seen a higher high (above 74 cents) on this chart and that is a big stretch from here. Failure to achieve a higher high here would show that we are "short term" running out of steam. We would then look for our first lower low to confirm weakness, which would be somewhere just below 28 cents.
The Slow Stochastics are now turning down and volume as dried up. We are drifting lower with the absence of a catalyst for a move upward.
Note: yes, a major news event could change the charts overnight but you can never "count on that" when your chips are on the table.
In short: We have short-term weakness on this chart that has not yet soured the technicals
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]waclyyay[pb50!b200][vc60][iut!uc20!lh14,3][j...
WEEKEND UPDATE: NEOM DAILY CHART.
1) As I mentioned on Thursday, we "may" be forming an unconfirmed up-channel on NEOM. "If" we are, we closed right on support on Friday. We are also right at another support line (50day sma). If the pattern does hold and we get a bounce to further support the presence of an up-channel pattern, you "could" make a logical case for adding to your long position.... based on this chart. Note: THIS CHANNEL IS NOT YET CONFIRMED!!!!!
2) We are also way oversold on the Slow Stochastics, so look for a bounce from the bottom of the up-channel, if indeed the pattern is valid. Note: it is still too early to tell for sure.
3) While the decline during last week sure didn't feel good it was, once again, on low volume.
Have a great week, all!
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][j...
Great work on the EBAY find! eom.
WEEKEND UPDATE: NEOM WEEKLY CHART...
First, let me say that for those who wonder the usefulness of charts on OTC stocks...just spend a few minutes looking at this WEEKLY chart that I have been posting for more than a month.
1) We have PERFECT bounces at critical support (purple line).
2) We have predictable bounces at support at the horizontal blue line
3) It is so important to see the 50day sma cross over the 200day sma because it confirms the recent trend (last 50 days) is now stronger than the longer, overall trend (200 days). This cross is something that all technicians look for in every company they trade.
4) Volume on the up-moves has been dwarfing volume on the downside, over time. I can't see how that can be dismissed merely because NEOM is an OTC stock.
5) The Chaiken Money Flow is confirming that money is flowing into NEOM for the last 7 months.
6) Since the January 2003 bottom we have been getting higher highs and higher lows all the way up the charts. This reverses a 3-year trend of lower highs and lower lows.
NOW, this chart would also be very helpful "IF" NEOM where to go south and break the "line-in-the-sand" purple line support. "IF" that were to happen you would be in a place to make a calm and rational decision on if you wanted to get out with your profits RATHER than rub your genie lamp and "hope" for a turnaround based on everyone banding together with positive hopes. Hope is NOT how you make money in the stockmarket.
I am wondering if anyone is even spending time looking at this chart because it is so clear that patterns and behaviors are apparent over a long period of time.
Anyway, that is all I am going say about supporting T/A. I am just going to continue posting them and please feel free to either iggy them or take from them what you like.
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]waclyyay[pb50!b200][vc60][iut!uc20!lh14,3][J...
Go Cowboys!
Chartist1
OT: Thank god for iggy eom.
bodreaux....very different scenario:
Fist, no offense taken and I hope we do showdown at the Rose Bowl in Jan.
Your scenario of selling and loosing a huge opportunity is VERY different than my scenario....allow be to explain:
When I suggested I could sell last weeks "bear flag"... that was the short term PEAK of NEOM and I would have been selling from strength and the charts would have helped me to be in IN-CHARGE of the trading situation, rather than your capitulation scenario of giving up on weakness (we all do it) only to see the stock rise further AFTER you sold. In fact, you just stated a great reason to use charts....they help to reduce decisions based largely on emotion and allow you to re-focus on technicals....if not fundamentals.
Wall Street is not in business to make the "little guy" money. They use every opportunity to shake the tree free of us so they can take our shares when opportunities do arise.
How many pedestrian stockowners do you know who have made a TRUE killing in the market over time? There are very, very few. Emotion almost always gets the best of them. There are entire chapters written on harnessing the emotional aspects of trading in some of the better books written. Charts go a long way to reducing the noise and helping you to stay firm at the critical decision point.
Hook'm Horns!
Chartist1
bodreaux..got your handle wrong...
I like Cabernet anyway....
Anyway, the only thing I will add is that when you do know the power of charts extremelly well (inside and out) the discussion of their usefulness really ends with the question.
I have said this so many times, but I look at much more than the charts on this particular company (I don't on all of them) and I really like my track record for success. And in the end.....THAT is the benchmark for all discussion.
I really like the hounds on this board who sniff out every little piece of news because I don't have the time for it and frankly, I think the NEOM model already speaks for itself.
Now, If I WERE trading NEOM and if I sold the peak of the bearish wedge that I noted in my charts, I would have 15K in my pocket right now if I were to buy back here.
Have a great weekend,
Go Trojans!
Chartist1
bordeaux..re "charts"...
Hmmm. I don't recall I (or anyone else here) suggesting giving up your shares of NEOM based on a chart pullback? First of all, if you are buy-and-hold, you buy pullbacks and hold or lighten your position on advances.
I am trying to show how charts can be applied to understand technically strong and weak patterns that can be used to determine the overall health of a stock.
Just because I post charts does not mean that I am looking at THIS PARTICULAR COMPANY as a trading stock. I am buy and hold as well, but I am just trying to show something that I wish I had someone teaching me when I was learning on my own during the great stock collapse after April, 2000.
Charts ARE essential, I will not even waiste ANY time supporting that statement.
Cabernet Chartist1
OT: Success - re: "five"
I wonder if JP knows my Dentist because by bill today was FIVE hundred dollars.....
Chartist1 w/Icebag
OT: Back From The Dentist (again)....
You won't have my "breaks on the punch bowl" comments during trading very often (took today off for the dentist) and I won't post on company time.
Have a great weekend all!
Chartist1
clawman....
I don't mean to offend you, but this board is already loaded with speculation, hunches and riddles (further offending you, I'm sure ;)...
I DO now what you are referring too, and yes J.P. said that about 10 minutes after I posted my "five-days" comments.
Can he not just give you the straight answer in a private post? I don't have that option....and won't pay for it.
All the best and I see my scrutiny is best kept to myself.
Have a great weekend!
Chartist1
So now we are connecting the riddles?
Can you say "speculation"?
There is substantive enthusiasm and then there is.....well.
Chartist1
penny - I think you know the answer to that.
There is no way a chart can predict your scenario unless someone is buying prior to the announcement at the end of the day and that would get reflected in "unusual" chart volume.
I KNOW that charts are very helpful in deciding entry and exit points.... actually essential, and they are extremely good indicators in projecting the health or deterioration of a company, because - afterall - the charts are a fingerprint of all activity by all stock buyers and sellers.
That is why I look at both the Weekly and Monthly charts on NEOM. They are both telling me that the prospects of this company have shifted to very favorable over the past 2+ years.....I can see that without even knowing what they do. Yet, once you dig into NEOM and do your DD you will find that, indeed, the chart is accurately reflecting a change in prospects that can be confirmed by reading all that this board does in their research.
Chartist1
OT: billybass & ss9173 Re - GZFX
In regards to your concern, let me start by asking this question:
How often to you have an opportunity to buy a stock that has announced a distribution agreement with Circuit City when the stock is still at a penny or cheaper, AFTER the announcement? It still went up 363% on just short of 1 Billion shares.
I am a Netflix user and they are a wonderful company with a great business model. In short I am a very, very satisfied customer and believer in this model. Now, Games-N-Flix does not have the 1st mover advantage but they do offer Video Games and Netflix does not.
1) The agreement calls for distribution in November that should impact the Christmas season. If it goes well (and that is an if) it will roll to all stores in increments of 55.
1) I bought in much higher than you both did did, as I have been watching this one for almost 2 years now.
2) After a 346% run-up in one day, would you not expect a pullback and consolidation?
3) I would hope you would look at this as a position play with long term possibilities and not sweat your entry point of 1 cent. It may not move again until the results of the Circuit City test are quantifiable.... but it may also consolidate and move higher next week.
4) Please do you own DD and act accordingly. I am just trying to explain my reasoning.....you will need to formulate your own.
5) I will not be answering chart questions on this one because this is a NEOM board and it would not be fair to others here.
In closing: Nothing is for sure but I like your entry point and someday you might too.
Chartist1
RE" 5 - I know he did....right after I said....
"well they better hurry because they have exactly five days" which was my responce to a poster here on when they might launch Word Registry... because I was told by NEOM that Word Registry would launch on a specific date....five days from when I posted it.
That's all I'm saying
Chartist1
clawman: re - "5"...
"Five" was making the rounds on this board because I said (in so many words) that we had 5 days until Word Registry would be launched. The 5 mutated from there on other posts with most forgeting when it even came from.....please be careful.
Chartist1