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smith, don't worry about it (not that I think you are worrying about it LOL)
Happens anytime anyone is supportive of a stock then says they sold. I've followed and been in a stock for 4 years now, supported the company with analysis and against bashers, believed in their ultimate success (which stock price wise they have achieved a good bit of), and when the stock finally took off late last year I posted a lot of TA. And my first sells in March I think it was.
Everybody had a duck and called me a pumper. Days later when the stock plummeted (after I sold), everybody had more ducks and screamed at me for days. Their problem seemed to be that I still supported the company after I sold (which I did because the plummet was just a correction of irrationally exuberant runup without enough real meat in the news to substantiate it, but the company was still doing the right things) and maintained a "buy" sentiment on my Yahoo posts on the stock (true, my long term sentiment will always be "buy", judiciously, until they screw up).
Go figure. Some have posted that my TA gave them excellent entry/exit points and made them money. Some of the old longs continue to wage a personal vendetta against me, they're just mad because they rode a run from 1.50 to 17 and back down to 8 without selling and they want someone else to blame for something.
So as to "what do people want", the advice I got from a basher of that stock is probably sage ... don't get in the position of supporting a company/stock on a message board because sooner or later people will scream at you.
Personally I could care less, 25 years in industrial sales gave me a thick hide and now that I'm retired (at 53) there aren't many people who can scream at me and make me care one whit. Maybe my Mom could lol.
jonesie
buy opp?
Not very well. Glad I didn't buy there, but watched instead.
re: NEOM, I have posted on the NEOM board that I think there is every reason to believe that "they" might slam NEOM down to .25 before it gets another run up, to shake out stops, just like they did on 4/4 and 4/5.
I hope they do.
NEOM has some great potential and I'm willing to take some risk at this point for a 10x or better.
That's the way it's done, right? Risk/reward?
Happy trading.
jonesie
Yep, and I've got that downtrend line plotted.
What's your point? That stocks don't have downtrends within overall uptrends? That stocks don't get run up on irrational exuberance then come back to a point that makes more sense before going up again?
jonesie
OT: here's a FUN one with some nice potential.
IMO, HUGE potential.
NEOM.ob
I've been in and out of that one since .232. In now at .36, watching it closely.
jonesie
nemo, when a friend first told me about his investment in NWAU around that time, I told him to sell. I've been looking at it and keeping him out ever since then, and wanted to see what would happen when NWAU hit a trendline I put in.
Today we see what happened LOL, but the 200SMA is still down there.
Happy trading.
jonesie
NOW it looks ugly LOL
A bounce off that trendline would have been pretty but, at least so far intraday, that's not in the cards.
Watching.
And learnin' :)
Ignore my posts. You are a better trader than me. I am but a worm.
Now THAT feels MUCH better.
After buying on my lower trendline at .36 I sure wanted NEOM to bounce up off it. Be nice to keep going a bit, and on stronger volume.
jonesie
Just to go on record, I see ~1.62 as the bottom on this dip.
FWIW
jonesie
Thank you, thank you, thank you very much. Takes one to know one so, likewise I'm sure.
Oops, showing my uneducated side.
"and I suppose the 2000 boards you've posted on makes you real fresh here."
No, MYRIAD boards, 2000 wise guys. Read carefully.
Y'all have a good evening.
jonesie
"You're probably thinking "who the hell is Watchdog""
Nope, I was thinking I've seen you about 2000 times before on myriad message boards and I get irritated at constantly having to scrape you out of the corner between the sole and heel of my shoe.
"You normally play in PK land?"
Ignore my posts. You are a better trader than me. I am but a worm.
100,000 words
Got wondering how many words COULD get turned on.
http://www.worldwidewords.org/articles/howmany.htm
"when your trendline doesn't hold?"
Dump.
Discipline. Take the smaller hits and live to fight again. Just like you did when you sold out higher, from what you just said.
Yeah, TA is tough on a PK. But like I told my friend when NWAU was at $2 ... it's coming down to $1.3x for sure, and I'll wait.
GLTA
jonesie
Quiet period? LOL
If "they" were a human they'd have been accidentally embalmed by now.
Hangin' in and waiting for $1.35.
Actually, W%R gave a buy signal today. Last time it did that was on 8/1 and we rocketed up from 1.70 to 1.85.
Oh mama, 1.80, here we come! ;)
jonesie
LOL, nah, hate those falling knives, but ...
amazing how well those old trendlines can work for swing trades. I'm "here" all day so if one goes the wrong way on me I can get out pretty doggone fast.
How do YOU do it?
best regards,
jonesie
Yep, exactly. Not sure if technicals will cause a bounce here or not, that's why the 1/4 position, maybe less, maybe just enough to get it on my main screen. Rest of chart looks pretty yewgly.
Friend of mine told me about this stock a while back, I must confess I haven't taken the time to figure out much about it or just what is going on with the GEIV thing, etc, I'm just more of a TA guy and was waiting for it to come back down to my trendline.
GLTA
jonesie
10QSB out. Hilarious!
1.32 isn't ugly, it might be beautiful.
Wish I'd seen it during market hours.
It's what I've been waiting for, for quite a while. Perfectly normal.
1.32 is right smack on an ascending lower trendline I plotted after missing the run in July. It goes through the lows of last December and this June, cutting out that choppy drop to the 150SMA in early May.
Shoot, the 1.30 low today just about touched the 150SMA again, just a penny off.
Sooooo, there "could" be more in store depending on where "they" want to take this, but I'm going to buy about a quarter position in the morning.
As always, news will trump TA.
GLTA
jonesie
Exactly :) eom
aztree, this is what I see re: Airborne:
Am I missing something?
Airborne Entertainment is a force in mobile solutions development and distribution. Our services are hosted in a totally redundant environment, including geographically-redundant servers for mission-critical services. We guarantee 7/24/365 service at 99.9% reliability.
Our utterly dependable, fully-scalable content management platforms seamlessly manage and distribute mobile content in virtually every mobile technology stream; including BREW, J2ME, SMS, MMS, WAP, audio, graphics, logos, ringtones and other multimedia formats. Features include:
Flexible content data acquisition methodologies
Full content management
Multi-language support
Support for all wireless protocols, including HDML, WML, XML, XHTML
Support for all mainstream wireless devices
Subscriber auto-detect
Customizable content menus by carrier/portal
Support for multiple content distribution methodologies
Flexible content scheduling
Extensive traffic statistics and usage reporting
Content producer revenue-sharing payment processing
Database reporting
Enabling Technologies
BREW
Airborne is a dynamic publisher and developer of entertainment applications and games for QUALCOMM's Binary Runtime Environment for Wireless™, or BREW™, a growing industry standard for rich-media mobile content.
Airborne...
Is a Qualcomm BREW development partner
Publishes games and mobile applications through Verizon Wireless, AllTel and other, upcoming North American BREW-enabled wireless carriers
Offers branded, unbranded, customized and white-label BREW games and mobile applications
Supports third-party BREW distribution technologies and vending machines
Monetizes BREW application downloads as well as gamepack update downloads
J2ME
Airborne is a significant publisher and developer for Java 2 Platform, Micro-Edition (J2ME), a leading environment for running media-rich Java-based games and other entertainment applications for mobile handsets.
Airborne...
Is a Sprint, Nextel and Cingular J2ME development partner
Monetizes J2ME application downloads as well as gamepack update downloads
Publishes games and mobile applications through virtually every J2ME-enabled wireless carrier in North America
Offers branded, unbranded, customized and white-label J2ME games and mobile applications
Offers over-the-air provisioning housed on our own servers
Supports third-party J2ME distribution technologies and vending machines
SMS and MMS
Airborne maintains a complete Short Message Service (SMS) and Multimedia Message Service (MMS) gateway with SMS-C and MMS-C connections to most major North American wireless carriers.
Airborne SMS and MMS services include...
Management and monetization of third-party content through our SMS and MMS gateways
Complete revenue-sharing management
Extensive reporting
White-label sign-up and registration via the web or WAP
Multi-player SMS game engines
Game score-keeping
Information-on-Demand (IOD) "pull"-based programs
Interactive SMS-based televoting
MMS album functionality
WAP
Airborne offers a wide range of original mobile content and mobile support services through the Wireless Application Protocol (WAP). Our powerful suite of WAP entertainment and portal applications enables multiple applications, including...
Monetization with wireless carriers with billing systems in place
WAP sign-up and administration support for BREW, J2ME, SMS and MMS applications
White-label sign-up and registration
Multi-player functionality
Multiple application score-keeping
Send-to-a friend, bookmarking and other personalization functions
On the fly device mobile-handset recognition and optimization
Branded WAP portal sites
Double-tap bottoms
or tweezer bottoms, are very nice too IMHO.
If we hold .36 again today after touching it yesterday, it would be a good sign, with confirmation later being the key.
jonesie
Exactly wooger.
That downtrend line was initially established with the highs on 5/3 and 6/9. NEOM subsequently bounced down off that line on 7/14 with a high of .488 (actually didn't quite make it to the line that time, but close), on 8/1 with a high of .44, on 8/12 with a high of .398, and today that downtrend line sits at .3944, above where we are now.
The ascending uptrend line we came close to yesterday currently sits at .3589, yesterday it was at .3559.
Agree, BB's are tightening. Last time they tightened to about how they look now was early April (they were much tighter then), NEOM pushed the lower BB down for a couple of days (on that drop to my LOWEST trendline, the one that today sits a bit under .25) then the PPS took off upwards.
All IMHO
jonesie
wooger, it would be nice to have a catalyst, any catalyst, for such a move.
Downtrend line is currently at .394. NEOM has bounced down off that 3 times since it was put in place by the highs on 5/3 and 6/29.
IMHO bottom isn't in for sure until just a little more time has been put in between the PPS and "the bottom".
GLTA & GO NEOM!
jonesie
woogerbear, my chart said we should. If not an outright rally, at least NEOM bounce right off that .36 mark.
So far so good .... oops, where's some wood to knock on, quick!
jonesie
Got a question then.
Just because I'm curious.
Those of you who say you're posting negatives or concerns that either no one is listening to or not heeding or pooh-poohing or poofing ... what do you want?
I've seen several posts berating the fact that NEOM put the SAIC change in the 10Q and berating the timing of when that 10Q came out (mid August, Friday afternoon, etc), and berating the fact that was the first time the contingency word was used.
I've seen several people concerned that they see NEOM in a downtrend.
I've seen several people saying over and over that NEOM has said over and over they are in a quiet period.
Okay, yep, the SAIC thing changed, it was 10Q'd on a Friday afternoon in mid-August, and the word contingency was used.
Yep, NEOM is in a downtrend, currently within an uptrend.
Yep, NEOM seems to have been in a quiet period for quite a while, for one reason or another.
Okay.
Now what?
I suppose everybody can spend their time fussing about who is listening, who is agreeing, who is disagreeing, who is attacking them, and who is telling who to go away.
Is there something more productive that can be done?
Now what? What do you guys want to hear? If you KNOW the attacks are unjustified, ignore them, state your case (maybe just once or twice or three times at most?), act accordingly, and let others do what they think is best. If your "case" or thoughts have merit, they will be discussed. If they don't get discussed, it may be because no one else thinks they are big concerns. It's difficult to "save people". Even harder to get everyone to agree with you. But one thing is for sure ... if this keeps up, it's just another version of Raging Bull, right?
jonesie
Maury, there are downtrends and there are downtrends.
Take a look at a 3-year chart for AMED.
See the nice uptrend? Check out the period from Nov. 8, 2004 to April 28, 2005. That's a downtrend.
A downtrend within an overall uptrend.
Look at 5/18 after a bounce in that stock, a HUGE volume day for AMED, and a down day, hitting an upwardly ascending trendline again. People dumped at the bottom of that downtrend LOL. I bought.
NEOM has been and still is in an uptrend since November 2004. Right now NEOM is (hopefully) in a downtrend within that uptrend. If NEOM breaks some support right around where it is now, it might not be in that particular uptrend any longer ... although, just minutes ago, I defined a different uptrend that NEOM would still be in even if that happened.
No rocket science needed to know high volume on an up day is better than high volume on a down day. Although, as I have seen time and time again, and you probably have too ... there are MANY times high volume down days are shaking folks out right before the next up move. And a "high volume" down day bringing a stock right down to a trendline that has been very predictive in the past is a GOOD day in my book ... as long as the bounce occurs within a reasonable time LOL
It's worrisome sometimes, but wringing our hands about it on a message board doesn't help, eh? Hmm, perhaps bad terminology, don't mean to give offense. But what would you like everybody to say? Oh no!!!?????? I'm sure some folks sold today, some are watching and worrying, some bought (I did) and most aren't even posting on this board.
regards,
jonesie
"but you cannot say that here, as you are already aware"
He DID say it here whattheheck, whattheheck are you griping about now?
Are we going to have to listen to your endless posts on what you CAN'T say on here, even though you ARE saying it on here?
Sheesh, there's plenty of objectivity here, just not much whining.
Most of the time.
jonesie
Yep chartist, I show the most recent "operative" lower trendline at .3561 today but thought what the heck, if things go as they should a half cent isn't going to matter.
An even LOWER trendline is what I'm looking at when I gave that lower "shake out" target. It's probably not valid, but draw a trendline through the lows of last October 21 through November 2. That was a nice gentle uptrend that got preempted by something that made the stock bounce up. Was that Toby? When did he get involved? That was last August or earlier, right?
Wait, maybe I found it. SAIC.
================================================
"Oct. 27, 2004
NeoMedia Technologies Enters Marketing Alliance With Fortune 500 Company SAIC to Create Mobile 'WordRegistry': Registered Words to Link Cell Phones and PDA's to Targeted Online Information
NeoMedia Technologies, Inc. (OTC BB: (OTC BB: NEOM) ), said today it has agreed with Fortune® 500 company SAIC (Science Applications International Corporation) to jointly establish, launch, promote and manage the new worldwide mobile "PaperClick WordRegistry™," a linking and switching platform for use on Web-enabled cell phones and PDA's."
=================================================
The stock "took off" after that. There's always a possibility that before everything happens that needs to happen, NEOM could revisit that beginning trendline. I've seen it happen before, but not usually when there seems to be SO much potential as there seems to be with NEOM.
Anyway, that's where I got the 0.2386. That's where that lower "pre-SAIC" trendline sits today.
And yeah, my purchase today might be risky. When I tripled down at .30 on the last dip to this trendline, it felt risky too. Wish I was averaged in at your .13 lol, but I'm not.
GLTA
jonesie
Got some at .361.
Right before the best bid dropped to .36, that's my bid too LOL.
Last time hitting this trendline worked great. But RSI was lower then, guess we could get lower this time. W%R in about the same spot. LAST time CMF had just been in positive territory and now it's been in negative terr. for a while.
Probably won't work THIS time ;)
Next "big shakeout" trendline sits today at .... brrrrrrr.... 0.2386. That would be COLD.
GLTA
jonesie
chartist, one comment
Well, two .. thanks for posting, interesting, I always like comparing others' charts to mine ..
and, man, your daily chart was freaking me out because your lower line in your trading channel was coming out at such a different point than MY lower trendline ... but when I checked, you and I are using the exact same high points and low points for putting in those upper and lower trendlines.
I finally figured it out .. you are using a log scale chart and mine is normal price axis.
Not sure what others might think but I think if you are really going to base decisions, buys/sells etc on hitting the upper and lower trendlines (which IS what I do), you might want to consider using a normal price axis rather than logarithmic, the even scale should make things more accurate. Like today, my lower trendline sits right on .36. I prolly should have quit being stingy, .362 pretty close, eh? Guess we'll know in a few days if that was really it.
That same trendline called the .30 downdraft perfectly a while back, and my upper trendline called the .45-.47 bounce the next day as I recall.
JMHO and maybe I'm about to learn something here I didn't know, there're sure plenty of things in THAT category LOL.
regards,
jonesie
Thanks squid, that's what I thought, the equal spacing would be more accurate when extending trendlines. Never even thought about log before but wanted to see what someone else thought before saying something to this OTHER guy LOL.
And yeah, it's about as much art as science sometimes.
Thanks again.
jonesie
Quick general question on charts:
I've always used a normal price axis on my charts. I plot in a lot of trendlines, uppers and lowers, etc, and this just makes the most sense to me, using the normal axis.
Hadn't even given it a thought until I was just looking at another guy's chart on another stock, and HE had trendlines drawn in that were NOwhere near mine LOL, took me a second to realize his chart was using a log. price axis.
Any thoughts about whether or not to use a logarithmic price axis in charts when drawing trendlines, particularly when you intend to buy upon return to lower trendlines DEPENDING on how everything else looks at the time?
TIA
jonesie
SNFX looks like a better buy now than back on 7/29.
What caused the drop, just profit taking?
On a nice uptrend line now, I should have looked back at it sooner but this doesn't look too bad here. What think?
jonesie
"just to keep the pps from sliding"
Stop that.
Came awfully close to my .36.
I think NEOM has a great future. I think the PPS will be MUCH higher than here.
Meanwhile, I'm a relative newcomer (first transaction at .232 as I recall) and it takes time to do DD so I don't think I have bought nearly enough shares yet.
Believing the above, I buy on slides, I love slides, please let it slide. If I knew how to give it a push down the sliding board I would LOL.
GLTA
GO NEOM! (just not today)
jonesie
"that proves no critical evaluation of this company is permitted in the eyes of people who 'love' this company."
You're still posting here aren't you?
Whattheheck are you griping about?
jonesie
Welcome back Doubloon.
Reel in some nice ones?
jonesie
Around .36 and holding or up from there would be perfectly normal. All MM's need is an excuse sometimes, IMHO.
From 8/12:
"Don't be surprised at a quick dash to .36
Like the quick dash to .291 a while back.
Nice uptrend line going back to October '04, through the lows in late March '05 (cut out the silly stuff on 4/4 and 4/5), picks up that low at .291 (I thought .30 would be the low so bought big there) and that line sits at .357 today, moves up a bit each day.
NEOM trading under a downtrend line that goes through the highs on 5/3 and 6/29, touching it lately but not busting through it.
Seems like "they" would want to at least hit that lower uptrend line one more time. Orders in at .36 and hoping.
GLTA
jonesie"
SAIC:
Maybe I was missing something but I didn't start buying into NEOM because of SAIC, so this change doesn't mean much to me. I guess we'll see what the market thinks about it (or how the MM's want to play the news, if at all) shortly. Like, after 10:30.
re: "contingency"
One possible other definition of that is used in the legal profession, right? A lawyer takes on a case and his fee is contingent on winning, in which case he usually gets a pretty good chunk of any winnings since he gambled on not getting paid at all. Any way THAT definition might apply to the SAIC/NEOM arrangement?
Sorry if this was already discussed, I TRY to keep up :)
GO NEOM!
jonesie