SPOOZ Inc (SPZI)

[boca_bobby]

Great point’s milo3 and you have said them much more gracefully than I. I tend to be a little rough around the edges. Could you tell? LOL

Anyway, I was looking at that beautiful chart again on stockcharts.com. Then I said to myself, man that cup-n-handle never seemed to materialize a few months ago. But look at the sweet cup that is forming. I don't proclaim to know all the chart patterns out there but I can sometimes stumble across some information by using investopedia.com.

Call me lucky, but this is how this went down. I recently have been reading around about this "double bottom" pattern. So I went to investopedia.com to look up the term and maybe start my research about how to set up a scan for them. To my surprise a "double bottom" had other key words associated with them, one of which being something called a "rounding bottom."

When I saw it in text book form, I said, "Hell that sure looks like the SPZI chart we see today.

"A rounding bottoms look similar to the cup and handle pattern, but does not experience the temporary downward trend of the "handle" portion. The initial declining slope of a rounding bottom indicates an excess of supply, which forces the stock price down. The transfer to an upward trend occurs when buyers enter the market at a low price, which increases demand for the stock. Once the rounding bottom is complete, the stock breaks out and will continue in its new upward trend.

http://www.investopedia.com/terms/r/roundingbottom.asp

Now if this a true "rounding bottom" beginning to be formed then imo, we should see the .02-.03 range fairly quickly only because this price range would be significantly higher then the .015 that set the bar a few months ago.

In any event it could mean great things for SPZI shareholders and could explain the reason for the decline in share price that coincided with the addition of the 80M shares that hit the market at that time and also the current uptrend that is showing the "tradable float" shrinking and a rise in the Accum/Dist. indicator and thus a rise in PPS.

Merry Christmas everyone,

Boca_Bobby