cMoney Inc (CMEY)

[elleryqueen]

Idzi, I think you are making a substantial error. Your interpretation of the last transaction of 300 shares sold today at .014 is incorrect. That was not a bearish signal. It was a very bullish signal. What is important is the fact that almost no one was willing to sell their CMEY shares for .014. Level II indicated that at least 10,000 shares could have been sold today at .014. After the initial 25,000 shares were sold, someone wanted to buy 10,000 shares of CMEY for .014. That offer stood for the entire day. However, only 300 were sold at that price. CMEY investors know that if they hold on to their shares they will get a much higher price in the not too distant future. Level II indicated that investors were not willing to sell their CMEY shares for nothing less than .0175 or thereabouts. I do not see a bearish signal today at all. I do not think we will be in this price range too much longer. Idzi, traditional technical analysis for stocks that you like has very limited value with penny stocks. Penny stocks are so beaten down--they have lost more than 98% of their value-- that technical analysis is almost worthless. A day to day observation of penny stocks suggests that they are highly erratic and highly unpredictable. A month to month look at penny stocks is not much better either. The best predicator for a penny stock are the fundamentals. If the penny stock has a good product, good management and a somewhat decent balance sheet (most are horrible) that is the best guide for future stock performance. Fortunately, CMEY has an excellent product, a superior product. CMEY is headed higher, mucho grande higher in near future.