NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

Yep, 10 million shares got out in 2 trades ...

... at 3:46 PM at $0.0033 , dumping below the best bid to get out.

I think we've got an Inverted Hammer on the day, and after 12 days or so of decline.

The Inverted Hammer looks exactly like a Shooting Star, but
forms after a decline or downtrend. Inverted Hammers represent
a potential trend reversal or support levels. After a decline,
the long upper shadow indicates buying pressure during the
session. However, the bulls were not able to sustain this
buying pressure and prices closed well off of their highs to
create the long upper shadow. Because of this failure, bullish
confirmation is required before action. An Inverted Hammer
followed by a gap up or long white candlestick with heavy
volume could act as bullish confirmation.

So , it will be interesting to see what tomorrow brings.

Too bad it's not bringing a conference call like Iain originally said would be held in August. Our new CEO got some early practice ... at lying? Already? Thanks Iain.

"Iain thanked me and then remembered one of the questions on the list that I had forgotten! He said, I read the blog and all the comments and please tell your readers, “the next shareholder call is in August”."

jonesie


Yorkville / Cornell Tracking Board #board-9964


"I can think of no more valuable commodity than information"