Monday, September 04, 2017 6:55:59 PM
They aren't popular here, but the techies are definitely spot on in tracking the price movements of INMG. They have now called TWO dips to fill gaps that all the longs said couldn't possibly happen.
TWO.
I'm a value investor that doesn't usually get concerned with short term price movements, but when you see something that goes against your belief system that has merit, a smart investor takes notice. If I stick around in penny stocks longer than the 3 I'm in now, I will do so with more knowledge of the technicals. Most penny stocks have little to no fundamentals, so trading on technicals only makes sense. I still haven't figured out why the longs refuse to give any credit to this process, except that dipping to fill a gap goes against the "to the moon" fantasy.
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