JP 3E Holdings Inc (JPTE)

[Imperial Whazoo]

I think you are right about that. Also, I tried every way I could to tell everybody that I felt that the trend has not changed (because it has retraced on lower volume than happened while it was going up). That remains my view. It can test support and not be abnormal. What we've been watching is normal stock chart behavior. So, like I asked the other day: Is this the pivot? Is .005 the pivot? .0045? .003? .002? Watch the volumes, boys and girls. Watch where the volume happens. Not price alone, but what price the volume happens at and how it compares to volume that happened when the chart was at that level during the upside leg of the wave. If I could figure out a better way of saying it, I would.

And the other detail is this: make a plan. Hold on (one plan), preserve capital by selling out entirely (another plan), keep a core position (another plan)... whatever plan suits your style, but make a plan and stick to it in a disciplined way.

I've posted time and time again about how a low volume retrace testing the support levels was normal. IMHO, only a retrace on volume that is higher going down than it was going up at the corresponding place in the waves would be telling me that the action of July to August was being undone. IMHO, the July upside move was on volume that established it as the Queen on the current chess board, and until a bigger body of activity overmatches that upwave, it remains the dominant chess piece on the current chess board. We will have to weather the current testing of support and this may be the state of things while the 4th quarter of 2007 unfolds, but I still hold my point of view and I am, like I've said numerous times, planning to ride the thermals like a hawk and to swoop down and buy when I see opportunities that meet my plan.

Frankly, I've been watching for this since Aug 2nd and I've explained it over and over again. It got heard as being overly positive even though it wasn't pumping. Positive is not synonymous with pumping just as negative is not synonymous with bashing. Pumping and FUD have deep roots in some posters here, but not me. I'm positive about this high risk pinky story stock. And whats to pump when you've been waiting for this pullback, like me? Pump schmump.

It has been my positive view that unless we see more volume going down than there was going up, this present situation is not a chart disaster and it is normal chart behavior. How people trade this normal chart activity is their business, but I'm not shy about it: I had three choices, lighten but keep a core, sell all, or accumulate. I chose the latter, accumulate. Everybody else should just make up their own mind but all this weeping and gnashing of teeth has me puzzled. I was watching for this and the volumes are not alarming, so I'm neither surprised nor upset. I expected it to retest the support levels. Its as simple as that.

And as of this moment, I happen to believe the story of this story stock. If Paul is a liar, then he has me fooled because the only liars I've seen is some of the posters around here. If I ever get to the point where every delay is the CEO lying and every change of course is dishonesty, I'll stop trading. I'm delighted I'm not that jaded, frankly.

Thats one good thing about trading the charts, too: they don't lie. Sure people lie, but I say it again: trade the chart activity. Learn to read the message of the charts. Learn what is normal and what is not.

So my plan is to buy the dips unless volume tells me I'm wrong, at which point I bail and take my losses. On the other hand, if I'm right, once the companies with whom Spooz has its deals lined up (TT, for example) unloose the dogs and let marketing begin in preparation for product release in late January 2008, I expect to make a pretty good nickle or two. Could be wrong. Could be right. Personally, I expect to be right, but either way, ya can't denature risk, boys and girls. Can't be done. Nosirreebob. So learn the message of the charts.

And, Keep on Chooglin' Suzy Q.

Imperial Whazoo