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This is a rediculous Analysis.
Sorry, but you are trying to say a breakdown (which I said might happen) is some kind of good thing....just because what?......you own shares. As a charting person you owe anone who follows you to be even handed and UNBIASED!
JPet....just wondering why you have called me Jamie several times?
I must remind you of someone else....but my name is Brian.
Anyway, I hope you have a great year and I love your even-handed, logical approach to this stock.
Chartist1 (Brian).
mobilemantogo........?
Who said I was "trading" NEOM? Nothing in my post implies that.
I do go back to 2005 on this stock and I do have a profit on it because of what the charts have suggested to me.
Anyway, all the best to you.
Chartist1
NEOM CHART OBSERVATIONS:
From a purely chart perspective something is likely to happen very soon as price is squeezed right at support and resistance.
1) Price has held at 0.01 support (as previously suggested on the weekly chart) for the past 10 trading days. A break and close below this support would likely lead to a further decline. However, price is currently right at the ceiling of the down-sloping channel that NEOM has been sliding down since the 0.024 high on Oct 27th.
2) Price has been trapped between the middle and lower Bollinger Band on the Daily Chart since Nov 24th and the band is slopping down and that is bearish.
3) On the weekly chart price has now closed below the Middle Bollinger Band for 3 consecutive weeks with both the RSI and Slow Stochastics in a firm downtrend.
Note: If price were to break above the ceiling of the down sloping channel, with some nice volume, I would take a partial position in this stock....but sorry...."loading the boat" all at once is almost never the best play.
The advantage of charts at this low price is partialy to see if there is an indication that you can add shares at a much cheaper price from a % standpoint. As I said twice before, there is some indication that the broad trend "could" be changing when you look at the past 18-months on the weekly chart. That, however, is NOT YET Conclusive.
Have a great week!
Chartist1
CHART OBSERVATIONS AND COMMENT:
As I mentioned on 11/24 I was waiting for NEOM to pull back to about .01 where I saw support on the weekly chart and then re-evaluate at that point. I am (at some point) looking to enter my 1st stock position since 2006 and (absent meaningful news) I am using the charts to guide me.
Observations:
1) This past week NEOM broke down from a Descending Triangle Pattern (bearish) after fighting a month long battle at just under .012 cents. The Descending Triangle is Bearish because price keeps rising from a flat floor (in this case .012) but hits a lower and lower descending ceiling as the days go on. This creates downward pressure that eventually sends the stock breaking through the floor and usually the break is strong. The floor broke last Thursday. This sometimes creates a "waterfall effect" where the slope of the price decline accelerates before stabilizing at new support. We are in the middle of that now. If that continues I will likely take my 1st position at that new support area. I would NEVER trade like this (catching the falling knife is for beginners).... but as a speculative investment this will work for me.
2) Price is fighting a losing battle at the bottom of the daily Bollinger Band as the band is bending down and price is following. Of larger concern for me is that price has finally broken through the Middle Bollinger Band of the Weekly Chart after stayingn above it for 2 months. Price has only reached the Upper Band on the Weekly Chart 3 times in the past 3-years and two of those three times it has fallen all the way back to the lower band. Now is the 3rd time and we will just have to see what happens. That is currently all the way back to .0037 as of this typing. It does not mean that it will happen. Just worth watching.
3) Back to the Daily Chart. We have a potential "kiss of death" (that's what it's called) on the daily chart where the 50DMA rises up to the underside of the 200DMA before falling back down without crossing above the 200DMA.
4) It seems likely now that the RSI will again fall back to 30 unless positive news shows up first.
5) The one good thing from a broad perspective (I mentioned this on my 11/24 post) is that over the past year price has made a lower high on the chart for the 1st time in forever (The Sept. low was higher than the prior Jan/Feb low of this year). We have yet to get a Higher-High on the chart (Oct high not as high as the March high.... but that could still happen...and that would be a BIG BIG DEAL as it would signify a long term trend change on the chart.
Comment: For those of you who know me I try to make very even keel comments based on what I see.... not what I want to see. I am not trying to paint a gloomy picture.... just an accurate one, to the best of my ability. As I said, I will be a speculative buyer at some point and it might come soon. There is no doubt that 2010 holds meaningful promise for the space that NEOM is in.
Happy Holidays,
Chartist1
Mangan: I agree with you on just one thing....
The board has said "it's coming soon" for quit some time while the stock keeps sliding...although you are exaggerating the time frame a bit. HOWEVER, I think it is VERY clear that sometime in 2010 some form of 2D to Mobile Devise communication will be at least in the vocabulary of the general population. The technology is gaining traction on magazine covers in the supermarket and on billboards, among other places, and my 80yr old mother even called this week to say "does this stuff I'm hearing about have to do with what NEOM does"?
Now, the big question is not will the technology, in some form, take off.....I believe that's in the bag....rather, in my mind it's will NEOM be a part of the pie. That seems to me to still be the big question.
Brian.
RE: Watermelon.....there was an identifier on the melon. It gave you an actual photo of the farm where it was harvested and the date of harvest among other things.
Poptech. Thank you.
That's what I was looking for.
I'm unclear on one point. Will better camera lenses be a threat to NEOM because of other doors opening up? Sorry, was not clear on that one.
lesnshawn...responce to your "Remarks"...
The entire reason I ask these questions is because I don't stay parked to this board and I focus more on charts and the rest of my life. I can say, however, that I have a historical PROFIT on this stock due, in part, to my charting skills.
I think you are missing the point of my "on the shelf" concern. Of course the application has to be available before the technology can be used....my god! However, UNLIKE Apple who creates technology because they see applications, NEOM simply had this on the shelf gathering dust and when camera phones became availabe they got lucky. Do you not see the difference?
Thank you, for your "kind" response.
Chartist1
Cuervoz - Regarding your last line...
In Japan you can already take a photo of a Watermelon to see what farm is was harvested from, and when, so you can determine the quality of the melon. I read a detailed article....about a year ago, actually.
TWO QUESTIONS FOR THE I/T AND LEGAL GURUS HERE....
First let me say that I am impressed by the DD drilling that some of you do on this board. With that said, I have a two questions where I would really appreciate your brutally sober and objective opinions.
1) How difficult would it be for Microsoft and/or Google, with their savvy brain trust, to circumvent NEOM's patented bridge by creating a hi-bread technology that would send NEOM largely to the sidelines?
2) If the barriers to entry are so great that the NEOM bridge is the ONLY way to tap into the significant potential that 2D barcode reading offers (is it?), how iron clad are their patents against the power of a Google or Microsoft.? Yes, I know about the recent court settlement.
Comment: is it verifiable that NEOM has met with Microsoft and/or Google? I have read some comments on this board that seem to imply that they have with Microsoft but I’m not much for rumor.
Comment: if NEOM is indeed “in the clear”, a buyout seems almost inevitable to me as the (I'm being honest here) vast potential of this burgeoning technology would seem to overwhelm the rather pedestrian management at NEOM. Note: I have always been somewhat bothered by the fact that NEOM had this technology siting on their shelf gathering dust and that it was only the advent of the Camera phone that made them say..."ah, look what we have here".
Anyway, I am currently using charts as a "portion" of my overall DD on this stock since I am considering making my 1st re-purchase since 2006. I can really use the help of some of you I/T, Legal pros to help with by above questions along with anything else you think I am leaving out. I'm sure there is!
Thank you kindly in advance,
Chartist1
Your welcome, NP...Promising stuff, for sure.
"The year that mobile shopping came into it's own".....
http://www.marketwatch.com/story/shopping-by-mobile-phone-surges-on-black-friday-2009-11-28
Chartist1
Aztreedoc....he was right....
I should have said 0.01 as support. I was a little busy and typing fast. My bad. Thanks for the correction.
NEOM is clearly in a down channel and both the up and down movements of the past 5 days (while somewhat exciting) are all within that parallel down channel so it's mostly noise. It would take a move above the channel on significant volume to make me think we could have a sustainable move higher. I still see the 1st line of significant support at 0.01
Chart reading is a lot about knowing support and resistance. If you know where that is you can be well positioned for the next move.
Happy Thanksgiving!
Chartist1
Hello le-bon. My chart take:
I played the link to the Claytrader video you added to you post and I have a rather different viewpoint but variety is good. I think for most of the buy and hold guys on this board a broader view of the charts could be helpful. Actually that's my view on any stock.
Neom is currently in a down channel starting from the .024 recent high. All the candlesticks after that day all fall into a nicely formed down channel. It is still falling inside that channel.
I then look at the weekly chart to get a different perspective. When I do that another picture emerges and I find the 1st significant support at right around 0.1 cents. I am watching two things right now.
1) When will price break above the down channel and will there be strong volume associated with that. That’s the upside.
2) Will my area of 1st significant support be hit at 0.1 cents and how will the candlestick react if/when that happens. That’s the downside.
Anyway, thanks for hello.
Chartist1
lesnshawn - you are right....
I have absolutely no intention of carrying $100K in Neom. I'm not sure how you got to 7M or 8M shares but what surprises me more is the effort you took. Why spend the time if you don't think i'm credible?
I was only trying to illustrate a point on how buying lower (at these levels) can make a huge difference. Many here say "what's the difference between a few tenths of a cent, or a half a cent". Well, at these levels it's like the difference between buying at $5 instead of $8 or $10. I don't suppose I would carry more than a million shares of NEOM if the price is right but it just surprises me that anyone would actually care.
I'm the authentic article and I have zero agenda. I'm 51 years old and I have zero time for silly games or popularity contests. If you still think i'm out for something else than that is your prerogative. Funny what can happen when a well-meaning person with a little experience walks into a chatroom. It's ok.
All the best,
Chartist1
gophilipgo.....
Hi. I actually, in general, look at charts from the 15-minute interval through the hourly, daily, weekly and monthly. I am not in NEOM, however, to day-trade so I am looking at a broader view with respect to this particular stock.
Some of what you are reading about me goes back aways from some bitter folks. I just ignore them. One of them, literally.
Take care,
Chartist1
Hi, Success.....
Always nice to hear from you.
Hello, Beacon.
Point #1: The percentage difference of buying a stock at .01 (or lower) than at say .015 or .0175 is very significant. It could mean an additional million shares for me. Again, I have technical reasons for thinking this will happen but it is NOT a prediction. I don’t do predictions.
Point #2: I don’t fixate on just one or two stocks to trade. I trade from a group of about 50 or 60 that I have some comfort with and they are all well over $5. I don’t day trade penny stocks and that includes NEOM. When I got out at just under .40 cents in 2006 that was for capital preservation. Who want’s to lose a profit?
Point #3: The stockcharts.com charts I use suit me just fine. The only reason I added the extra capability was to be able to post annotated charts on the NEOM board. When I left the board that was no longer needed so why spend money if you don’t need it? I am not hurting for money and my charts have served me very well for a long time;)
Your final thought: I am not predicting a breakout I am only preparing to position myself for the lowest risk position I can possibly take.
Nice to hear from you!
Chartist1
Hello From An Old Friend....
Some of you might remember me for when I was posting annotated charts back in the Summer and Fall of 2006 before I sold my shares at just south of .40 cents and left the board. That's all water under the bridge, as they say.
I am now re-examining NEOM for all the Fundamental reasons that have been stated on this board (although I am a stout realist when it comes to ANY penny stock) but also for what I am seeing on the 3-Year Weekly Chart.
For the 1st time on the Weekly Chart we have a "Higher Low" that formed in Sept of this year. In other words, the Sept Low did not reach the prior Jan/Feb low of this year. What is still missing, however, is the "Higher High" which would have to exceed .045 cents as the March '09 High. Should NEOM close above .045 cents on a WEEKLY basis (on volume) without 1st breaching the Jan/Feb low we would have a significant Trend Change that would be a lot more than just smoke and mirrors. Furthermore, up volume on the weekly chart has been much stronger than down volume but that in itself is not enough to put chips on the table, IMO. I always need about 4 or 5 Technical reasons to all come together at once before I will take a longer look at a stock.
Note: I cannot post my annotated charts here as I dropped my stockcharts paid membership but you can go to stockcharts.com and just punch in NEOM and then hit the weekly chart to see what I am suggesting.
Now, if significant partnership/revenue stream news comes out first the chart will likely blow-up northward and the prior weeks/months/years might look like an anthill.
I think NEOM could settle back down to 0.01 cent (technical reason) and if that happens I might take my 1st position since selling in '06.
I do want to say that there is a lot of very basic chart information shared on this board that is, frankly, a bit to simplistic and often not relevant. I don’t mean any disrespect when I say that, but I have spent years and years reading charts. That's all I will say on that. I will say, however, that the DD some of you guys do from a fundamental standpoint is Superb. Much better than me as I don't have the time or interest that some of you have.
There is a lot more I would like to say, but for now I will just say hello again, and good luck!
Anyway, I am patiently watching NEOM for an entry point.
Happy Thanksgiving!
Chartist1
sentinel...Wick is a class act?
I have been a very successful swing trader for a long, long time but I don't recall seeing an Assistant Moderator show such childish behavior for such a sustained amount of time.
It is painfully obvious that Wick, like many on free chat boards, is primarily interested in the popularity he holds with his flock of sheep. Rocketeers? This from an Assistant Mod. I would expect even-handed analysis and unbiased opinions and nothing less. We are a very long way from that here.
I assure you I am not a basher but your view of Mr. Wick is very tough to swallow and you might be surprised how many very knowledgeable lurkers feel that way.
Doc...regarding your question...and more...
...about T/A and a diluted stock. Your question would imply that you know that NEOM has flaws and issues but that you won't leave the stock. If you think there are big issues with NEOM, dilution etc, there are hundreds of proven healthy low cost stocks you can invest in that don't have the issues of NEOM that are pulling at you.
Now about T/A. It's not the silver bullet, (there is none) but I strongly believe it is a mandatary tool to greatly improving your odds for success as an investor. "Stockcharts" and some books are a good source. Also I HIGHLY recommend any books that cover the psychological aspects of trading. That is a very important aspect but you seldom know that if you are a novice trader.
As I think you know, I have been out of NEOM for a long time and there are several reasons, but it was easy to leave because I was never emotionally invested. That brings up my next point.
What I have to say next is very important.
I trade/buy/hold/swing stocks but I never, ever, ever, ever become emotionally attached to the stocks that I am invested in. It does not make since, even if you work for that company. As you know, once you become emotionally attached to a stock you are invested in, it is very difficult to leave it because "it's your little baby". That is a TERRIBLE habit to get into. The same problem happens even if your stock goes into the stratosphere. You won't book profits because you believe it will soar higher (sound familiar).
If you can ever detach yourself from your investment you will be SO MUCH better off because you will be able to fluidly move in and out of stocks (or just drop kick a bad one to the curb) because you won't be emotionally invested. They will just be names on a page to make money on. THERE ARE HUNDREDS OF WONDERFUL STOCKS TO INVEST IN EVERY WEEK so locking in on one (at all costs) is asking for certain trouble....if not this time...than the next.
Very few people can do what I just said and that is one of several reasons why making BIG money in the stock market is a very rare thing for the average investor/trader. There are some on this board that say "you need to play big when NEOM is small if you are ever going to get rich" but the odds of that are extremelly small. Even worse, is even if NEOM did become the next huge play, you can't get out because you have told yourself it will go higher and higher (because it's my baby) and everyone on the board throws a huge party when they should be selling. In fact, you might even start buying more. Then when the stock does turn (and they all do) you buy even more thinking it is only a temporary "breather" and as it falls further your profits disapear even faster because you keep buying more shares thinking "it's a buying opportunity". That is the psychological aspect of trading that I speak of.
Doc, I don't know how serious you are about the market....it seems you have a successful practice, but it takes a lot of time and individual thought and a rather rare set of contrarian traits to be very good at it. In a nutshell you need to go against the popular trend almost every time and be skeptical of EVERYTHING until it is proven to YOUR satisfaction as fact.
Anyway, good luck to you.
C1
Dr. Myke....You are getting.....
everything you deserve with your investment style. NEOM (good or bad) does not owe you anything. You have bought in to a very speculative company and with that comes HUGE risk. Sorry, you and only you are responsible for your investments in any stock.
When you have a style of "back-up-the-truck"..."all-the-chips-on-the-table"...."let-it-ride" you are at the mercy of the company because you are saying I will not sell NO MATTER WHAT..and that is a huge flaw that I would suggest you take a HARD look at, on your own, in a nice clean mirror.
Every single day there are stocks that offer very nice posibilities for weekly, monthly and annual gains. Doc, the headlights are on and you are staring right at them.
It is time to change what you do......without the boards help. You need to change that too. Do some soul searching and be honest and say what did "I" do wrong and how can I correct that.
Bitching about NEOM is not going to be in your best interest or the boards.
C1
hinchback.....then sell.....
and buy something else.
Sirius....you touched on a concern.....
of mine regarding the rental pattern of just Games.
While I am not a "gamer" I would have to imagine that a rented game would get used for several weeks before it was returned because of the nature of the rental.
A) You get hooked on the game and want to improve
B) You need to gain experience and expertise to advance further into the game and that takes time.
This means that, by the nature of the beast, a rented game will VERY likely be out for 1 to 3 weeks while a movie might be out 2 to 3 days. So......GZFX would have to stock a HUGE amount of games if they are all out for up to 3 weeks time just to keep them in the warehouse. But when that game dies and a new "hot" game replaces it what will become of the ramped-up inventory of the old game?
I am just talking out-loud but it seems like your frustration plays into this scenario.
Regarding thinking for yourself.....
While I could not agree more....this is what happens on EVERY chat room board.
1) Someone who likes to talk and has a strong personality appoints themself as the board ZAR and the emotional beginner investors follow him as the shepherd.
2) The stock keeps falling and falling and the Shepard says news will come out soon...not to worry! and this goes on forever with everyone asking the shepard when things will go through the roof so everyone can make 50-million bucks and party in Vegas.
3) The following group gets a name...in this case "The Rocketeers" and an embarrassing theme logo hits the header that gets sadly outdated in short order. Trust me, this is not the only board where this has happened.
My point is not to bash anyone...but this actually happens on almost every board. Now that's fine if you like that kind of stuff but it is NOT a prime source of investment information.
What does work is to turn off the emotional switch and study the market on your own, LEARNING both technical analysis and fundamental information so you can make independent decisions about your money and just sit back and laugh at this suff.
I am, however, a bit surprised that an assistant MOD acts this way.
Well, it's a free Yahoo board....so not THAT surprised.
Good luck all!
Chartist1
gm167....a few comments on "bottoms"
As a trader/buyer of shares you NEVER know where the bottom is in advance but you can apply some probabilities based on T/A and News Events to help your odds. I (and likely a few others here) saw what looked like a floor developing at .004 cents several weeks ago. That does NOT mean the trumpets blow to announce a bottom. It can only be an educated guess with T/A etc. to increase your odds of being right.
Now, here is the most important part. That is why averaging down and buying while shares slide and slide is a deadly habit, although a common one with newer traders. I'm sure you have heard of the term "catch a falling knife". Averaging down is one of the VERY WORST things you can do but that is not commonly known to the general trading/buying public. Averaging down as a way to correct a losing position is, in fact, one of the biggest fables and wives tales in the stockmarket. What you are doing is accelerating your losses as shares slide further and further down......because you "thought" the bottom was near.
What you SHOULD do, and novice traders almost never do this.....(not calling you a novice) is add to positions when your stock breaks out ABOVE resistance (but you have to know where key resistance is). You should always add to positions as your stock rises and almost never when it is falling....but not many do it.
Anyway, I said more than I intended too.
Good luck.
Chartist1
'Mar-Key'....I will let you do the...
Choking. My entry is at .004 cents and I added on the close of Friday. I had a VERY small position for the past 2 years and only at .004 did I really load up. At this entry point the monetary downside for me is negligible
Good luck.
Chartist1
Exercise for the board:
Go out and ask 10 people who you have never discussed GZFX with (strangers too...if you are up for it) if they have ever heard of GameZnFlix. To keep it fair, make sure they are in the gaming age group. Forget about if they are a subscriber ....that is asking WAY to much....just ask if they have heard of the company.
If the goal is to get the message to the public this is a fairly effective (although primative) way to measure the effectiveness of GZFX's spending campaign. Now I am in CA and I know they are doing much more advertising in rural areas.....but this exercise will not be without merit.
Take control of the ball and find out for yourself if there is an advertising impact.....but you must do so without bias. Hint: bus stop survey does not count.
Chartist1
simplegreen....what does it say...
about management when a VERY simple fundemental strategy like on-line advertising (done so well by NFLX) taked this long to get established. You can always say better late than never....but is that the kind of management you want guiding your company for future hurdles? The is basic business fundementals...I'm not even sure it's grad school stuff.
I am not bashing....and you don't need to answer...because I already know the answer...but I wanted to view this opinion. I am always a bit concerned when management is running a "me too" company because it does not allow us to see the potential for true innovation.....or, if it's there at all. Adding Games is NOT true innovation.
Chartist1
holter...two points to your reply:
1) Never feel "sorry" for an investment....ACT on what you think you should do....even if that means sell. That also would apply for selling for a profit.
2) I would think you would know the revenue performance of a company BEFORE you throw your hat into the ring. I know you are likely buying into future improvement.....but if you are disapointed in the "improvement" I then go back to point #1.
Chartist1
holter....newsflash.....
The stock price comparison of NFLX and GZFX reflects what you are saying. Did you JUST NOW realize that?
Americal Bulls is WORTHLESS......
trust me.
It only shows a pattern of 2 to 3 candle setups and does not have the ability to consider ANYTHING else.
Place you hopes elsewhere.
Yes, I know it get's thown on all the chat boards when "hope" is all investors have......but it is a complete waste of time.
Chartist1
You can add TVGUIDE.COM to the list eom.
Stock Analyzer...your chart shows...
a Descending Triangle - which is "typically" a bearish patern where the length of the breakdown is measured as the widest point in the triangle. I do, however, think the floor at .004 has a reasonable chance of holding.....so several weeks ago I opened a significant long position just above that point. If price falls below .004 on a closing basis (with volume) I will get out of my initial position with a very, very small loss.
You might also want to include the Chaiken Money Flow since you are using the daily chart. It turned sharply positive for the first time since about April-May and is currently holding flat.
All the best.
Chartist1
markwh.....
just iggy me? it's a beautiful system!
C1
OT: Stock Tip with WHY I bought....
In Mid-September I took a large initial position on GZFX. Well, I actually had a very small position, but I added pretty big in Mid September.
Why? Bottom-fishing? Greedy? Guessing?
No, No, No.
I bought because a complex floor was being laid at .004 and to this point it has held......AND the Chaiken Money Flow has turned positive on the daily chart for the first time since March of this year despite the fall in price. This "implies" that a base is being laid and smart money is coming in to buy.
The next part is very important: IF I am wrong (and I have no problem with that) I will know EXACTLY when to sell. When? on a break of .004 on a CLOSING basis. Since I bought at .0042 I will have no problem getting out in a very calm manner. IF the floor holds and money continues to come in I will look for breakouts ABOVE resistance to add to my position. I will ONLY add to a position as the stock RISES and proves it's strength by overcoming hurtels. I NEVER buy a falling knife.
That is how I do things. It is NOT a huge gamble or a crap table. That is NOT what the stock market is about. Only those who don't know how to play it think so.
cjzak...I bought the same ticket....
But mine has profit.
What you state is common knowledge regarding OTCC stocks. But the huge gamble (as you put it) can be HUGLY mitigated with proper tools.
Bye the way....just because my "handle" says chartist don't think I don't take many, many other variables into account.
That's just a handle...it could have been "Payton Manning"
GONEOM....could you not tell the difference?
Koko was rather nice considering my angle.
Nope. I own...
a small business selling on the internet. Much, much, much happier and more $$$ too. Quality of life!
Hope you are doing well.
C1