On4 Communications Inc (ONCI)

[JMH14865]

Stockcaller, I agree with you that we all need to learn to read charts and that the 5 day and 6 month charts (I find that these charts work best for me with the indicators I enter) are showing a pullback. What I don't believe that you are taking into consideration is the amount of energy this CEO has. Charts are great until the rumors and news start flying. The amount of work and the sheer number of meetings currently on Steve Berman's plate, news (along with rumors) is piling up. Over the years I have found the best use for charts with companies like this is to ball them up and throw them into the fireplace.

I am not saying I don't believe charts are fantastic to use as I use them every day to purchase stocks and as I said, I would trust charting here except for the massive amount of news coming out. Soon, hints of mergers, buyouts, contract worth and lots of other news along with rumors are coming weekly, if not daily. Charts can't analyze these.

If anything, I am buying as prices descend. And, I am buying as prices increase. I would not recommend anyone holding shares of this company to try and play the charts,,,period!

If you trust that this company is being led in the correct direction, buy more stock. If you don't have faith in this CEO or the direction he is traveling, sell your shares.