Bowmo Inc (BOMO)

[Dennisb68]

There has hardly been a time in the last 2 months that the charts din't say the stock was going higher. The problem is that during that time instead of the stock going higher it keeps going down. In fact it's down some 78% over the last few months.
Most anyone that bought in the last few months based on the charts, and are are still holding, is likely well behind on those buys. Ane while the charts keep saying to buy I haven't heard anyone say the charts are saying it's time to sell and take some money off the table.
The charts have not been the invesors friend on this stock which is pretty typical on a stock that trades 95% on emotion rather than the fundamentals, earnings, etc. Charts can not read investors emotions. All they can do with any real accuracy is tell you where the stock has been and a person doesn't need charts to tell them that. As we have seen, the charts have been worthless on tell us where the stock is going. They weree saying to buy when the stock was above .005 and what a mistake that would have been.