NeoMedia Technologies, Inc (NEOM)

[silversmith]

If a penny stock trade looks like it is going against you, that means it is. I got out this morning when the opening bump started to fall over on the way down. Took a $357 dollar loss. I had started to put another position into place on the off chance that the 10K would report something stunning. The 10K was much better than any from the past, but not enough to make a difference. The patent report didn't cause a run yesterday or this morning. The selling is rampant. It looks like NEOM of 2006 thru 2011.
I will keep a watch, but it feels good to be out right now. The share price was fairly steady at a market cap of 9 to 10 million. Now, with the O/S at 985.2 M, the same market cap puts the share price back at a penny. That is where I believe it will end up again.

All the best,
Silversmith