In Ovations Holdings Inc. (INOH)

[jrf30]

This is where the difference came from. <<My chart read was based on the the previous support of .0028 as an all time low>>

The all time low was about 0.004 just a few weeks ago. ONce it broke that, I didn't see support at 0.0028. I saw it trade at a new all time low at 0.0035, then 0.003, then 0.0028. The next day it went back to 0.0035, but that was only one day. I didn't think that was enough to call 0.0028 a support level.

Maybe you weren't watching it for as long as I was. So you thought the 0.0028 was a good level. it was just another notch on the way down to new lows almost every day.

One other thing you might want to check on. According to a post a few days ago, they got an updated O/S number, and it was MUCH higher than the one you quoted. yes, yours is the one I quoted as the first number. But, if it is true that the transfer agent has an updated number, since the last filing, then that would show the selling. I'd say check with the TA, and if it is true, take that into consideration on the "oversold" chart.

glad to hear you're position is only at 0.003. At least it is not 0.005. As for me, I've been in and out, and last was a sale (not that long ago. A few months ago) at 0.015. that looks like a HUGE price now. that was a sale at a loss though, as I bought it at about 0.022 and watched it break through support at 0.016 and sold on the break. Even though it was a loss, I'm glad I did. whew.

I was buying on news and selling shortly thereafter on this one, and doing well. But I have a bad feeling by hearing that the boat is never leaving the dock. Almost makes me think they have given up. That is holding me back on things, and fortunately not buying has been a good play. PLus, if the company selling is truly there (And the volume WOULD support that. Who ELSE would sell at these levels? true?) then they might be making a last grab at money before it deteriorates to nothing. Be careful on this one. As some have said on this board, the company has issues, and that might trump ANY chart reading, as a special factor that says to avoid it.

And I'm still not bullish on the CHART, much less the comapny. Until I see support, until I see the selling (by whomever!) stop, and until i see new all time lows NOT being hit for 72 hours, the chart will look bearish to me, even if the oversold barometer is screaming a buy.