NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

re: "down 50%"

Might I suggest thinking about it this way:

NEOM never had any business being up over .70.

It probably should have run up to about .45, but "irrational exuberance" took over, as ofttimes happens in a stock like this, but still, it NEVER should have run up over .45.

In THAT light, NEOM has had ~20% retracement from what SHOULD have been the high so far.

While waiting, NEOM should be trading in a channel bounded today by .30 and .475. We're somewhere in the middle of that channel now. It is an ascending channel.

JMHO & FWIW

GO NEOM!

jonesie