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
