NeoMedia Technologies, Inc (NEOM)

[ASTOCKCOLLAPSE N0W]

Chart Update:

The effort to gap below the 50 day EMA and ST uptrend line, in conjunction with the lower cycle high, is ominous.

Notice the matching gap above the 50 dEMA that sparked the recent dead cat bounce.

Also worth noting, particularly to those who dismiss TA, is the Feb/Mar double bottom that reached it's target within five one-hundredths of a penny. 0.056 + (0.056 - 0.039) = 0.0725.



This stock is pretty easy to game if you are willing to bet large amounts in a relatively illiquid market. I don't recommend it as scaling into and out of positions at advantageous prices probably proves to be difficult given the company's OTCBB status.

Anyhow, just monitor the conversion levels of Cornell's holdings (warrants and convertibles) and trade around them. The move to $0.07 certainly provided Cornell a nice little opportunity to offset parts of their potential common stock position, no?