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Re: toomuchmoney post# 35350

Friday, 06/24/2011 2:31:25 AM

Friday, June 24, 2011 2:31:25 AM

Post# of 72584
O2 Secure Wireless, Inc. (OTOW) was founded in 2003. So, we are talking about the very same company. I completely understand how a change in a CEO can make a difference and turn a company around. But, what you, and apparently many others here, do not seem to understand, is that when a new CEO is appointed to a company, the previous history of the price of that company's stock is NOT simply erased off the books. That is to say that when Henry Ford died, they did not restart the Ford Motor Company. They did not erase the history of the price of the stock in Ford Motor. So when I tell you that this stock is in a down trend, that is the truth whether you care to try and understand it or not. In other words, under the previous CEO, the price of OTOW did rise to $0.10/share and so far under the NEW CEO, the current price of the stock is selling for about $0.012/share. Therefore the trend of the price of OTOW is currently down. I honestly don't think that you understand how the stock market works and I'm certain that you do not understand how Technical Analysis works. So, you believe that the new CEO will turn this company around. That could happen. Yes, the short-term stock trend is now up. But, on the weekly chart, as I pointed out, the over all trend of OTOW is currently down. For those who do not understand the significance of the weekly chart, I might suggest that you take the time to learn something about it. Long term uptrends or downtrends in a stock are always better identified by studying the weekly chart and respective weekly chart patterns and technical indicators. Some of you folks are really scary in that you don't seem to have a basic understanding of investing and yet you are putting money into Pink sheet stocks (one of the riskiest kind of investments) based solely upon news articles and you argue others who post here who do seem to possess real sound investment strategies. So, what can I say? I provide you with my opinion. You argue with me that because the company has a new CEO, that my opinion is wrong. Well, only time will tell what opinions are correct. But, when I tell you about a published history of a stock price which you have likely not even considered before that is kept at the exchange where that stock is traded an you tell me that the published record is wrong because the company now has a new CEO, that is really pretty scary, you know what I mean?