Helios and Matheson Analytics Inc (HMNY)

[BobDoleYahoo]

HMNY chart breakdown. For haters and pumpers, no, I do not "bash" the stock. I merely give logical analysis where there's a lot of comical non-sense. I do, however, bash Ted Farnsworth because he's a flipn' liar. Mitch is beginning to be just as bad. That aside, since milking enough shareholders to prepare for a mass exodus of annual MP subscribers who will cancel (i.e. building up the $26 million that's possibly grown to over $50 million by now) Canaccord stopped the dumping for a few days, as evident in the yellow highlighted area. That's because HMNY told them to stop. They then started the selling again later last week (as if on queue, on Thursdays and Fridays). However, with the news of forced annual MP subs being allowed only 3 movies, this surely will accomplish their goal (which I've been preaching for ages now) that they're trying to get rid of heavy users. This is a positive. However, the consequence is they may scare off a significant number of casual users who simply stayed because of the cheaper annual package, and was merely dealing with the restrictive usage. We won't know until MP reports their next sub count. The REAL question is: How many heavy/moderate users will actually leave vs how many light casual users will stay? THAT is the most single important question that'll determine the fate of MoviePass. Nothing else is as critical. If you've been following my calculations, that ratio of 1.7 (from May) needs to drop to near 1 or preferably below it. If this goes up, it does NOT matter the number of subs they have, as their expenses will always outweigh their revenue.

Imagine bozo the clown who makes $8 minimum wage flipping burgers who borrows from friends, family and strangers alike and stands at the corner giving away $100 dollar bills. It's just a matter of time before bozo the clown makes a ton of enemies. It's no different with HMNY and MoviePass. Their options are either to get a better job (which isn't happening), or stop giving away $100 dollar bills and start giving away $1 dollar bills.

Having said that, the resistance is the yellow area. That's why when I did my trade this morning for a nice 30%+ profit, I set my market sell order at 3 cents. Even when it went above 3 cents, I didn't care, because as someone who believes in charts, I KNEW (I didn't guess, I KNEW) selling would start around there. I didn't FOMO (fear of missing out) and kept holding. I did, however, re-bought back around 2 pennies when I saw the chart slightly moving back up, for a quick trade, which has netted me about 15% going into AH. Technically, the trend is still up (short term) as it bounced right off the uptrend line. I expect some sort of green tomorrow. Whether it lasts or not, depends on if Canaccord dumps or not. Without Canaccord dumping, there's enough lemming buyers who'll push the price up. And since Robin Hood has been banned (or limited anyways), that leaves buyers from traditional brokers who are doing the buying, so we can't blame Millennials alone lol.

But, knowing Ted Farnsworth, unless he quits, or gets fired (which will NOT happen), or gets hit by a bus and become incapacitated, HMNY's trend will generally keep moving downward as a function of time. The limit of this calculus equation, is zero. So, remember to only trade and don't baghold. Learning to read charts is one of the most important things you can do.

https://photos.app.goo.gl/F8Jj6hKKU9mRxWvM6