NeoMedia Technologies, Inc (NEOM)

[Be Confident]

Folks, The other day I posed a fairly strategic question to TP regarding whether he had straddled his position. In effect he had. He was already long the stock at the time he shorted, so his position was covered. I am also somewhat confident based upon the recent news that TP has purchased additional shares since then (but only TP can attest to that).

IMO, I also have to believe that day traders are beginning to rethink their strategies realizing that there is "considerably" more money to be made at this time by buying and holding rather than exercising quick minuscule trades. The cost of making the wrong decision at a time of such truly "bullish" news could impact them. Perhaps they are mimicking TP by slowly buying stock to cover themselves.

My opinion: Very soon the stock may dry up, and this will move the stock significantly. In my view this could happen without news...but news will make it happen that much faster, and create a more powerful run.

I can't see "anyone" selling at these levels unless they are new to trading and just plain frightened of losing their money...and those kinds of people don't buy the kinds of lots we are seeing trade.

Very soon folks...that's my personal take. Don't take my word for it.

Best,
Be Confident