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Monday, April 30, 2007 3:57:00 PM
Something to chew on.
Notice how the stock reacts to Cornell news. This is news that is often released after the fact in a filing, citing recent placement dates.
Most notably, to my eyes at least, is on the seventh day after the placement the stock the stock puts in a large marubozu candlestick. Day eight is marked by a "black" candlestick which represents an up day but one where the close was lower than the open. Day nine marks the end of the move.
It would be interesting to go back and observe the market gyrations during similar periods.
So the real key to gaming NEOM on a short term basis is procuring (inside) information pertaining to when Cornell is making a move. It appears, based on a cursory review, that everything else - rumors of "big news", conferences, et al. - is just noise.
![](http://img76.imageshack.us/img76/6264/neomcornellfp1.png)
Oh yeah, I looked at my notes regarding double-bottoms. Failed double bottoms often retrace 1.5 times the length of the move off the bottom. Or, in the case of NEOM, roughly 0.07 - ((0.07 - 0.04) * 1.5) = 0.025
(top minus ((top minus bottom)) times 1.5) = target
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