Thursday, May 31, 2012 2:21:40 PM
IMDS - Watch list item - other thoughts
It is heartbreaking to see stocks that made me a bundle go belly up. IMDS, LFBG, MDFI, IDOI, CBAI and HTDS are among them. I continue to watch them, as it's within the realm of possibility that one or more of them may arise once again. IMDS has my attention today. It has managed so far to avoid the dreaded flatline at .0001. Accumulation is very strong, and the volume is rather high, lately. Here is the daily chart, with a select trio of indicators.
Here is the weekly chart, which shows indicators bottoming out. This is suggestive of an actual bottom in the making.
By no means am I suggesting that you run out and buy it, but it certainly bears close monitoring. It may be weeks until it comes back to life - assuming that it actually does.
My sense of the overall market is that we may have to wait patiently for bottoms to be built. This market offers countless opportunities in sectors such as the financials, coal, shipping, as well as in OTC stocks in general. At this time, I have no holdings in these sectors, nor do I have any active OTC holdings whatsoever. (THWI was my last OTC play).
I remember an interview in Technical Analysis of Stock and Commodities magazine in which the interviewee (I don't recall who it was at the moment) predicted over two years ago that the stock market will continue to offer stocks at fire sale prices for years to come. That appears to be the case.
I am cautiously optimistic that some of the breakthrough technologies that I am finding may work their way into the mainstream, to the greater benefit of society. That may sound like a grandiose hope, but consider that one company has a water cooler that is self replenishing, producing 99.9% pure water from thin air. Another company has provided proof of concept in turning dirty water into hydrogen. Another company offers flexible illuminating fabric. The company that is the subject of this message offers a non-invasive breast examination.
Even as FB continues to spiral downward, the venture capitalists continue to pass these promising companies by. One biotech just announced that it is pulling the plug on its third stage clinical trial of a promising drug because it has run out of money. Heaven only knows how many brilliant individuals out there have the potential to be the next Steve Jobs, given a small infusion of capital.
Call me crazy, but the proof of concept that Helix Wind provided in Chicago is to me far more significant than is a social networking web site.
It is heartbreaking to see stocks that made me a bundle go belly up. IMDS, LFBG, MDFI, IDOI, CBAI and HTDS are among them. I continue to watch them, as it's within the realm of possibility that one or more of them may arise once again. IMDS has my attention today. It has managed so far to avoid the dreaded flatline at .0001. Accumulation is very strong, and the volume is rather high, lately. Here is the daily chart, with a select trio of indicators.
Here is the weekly chart, which shows indicators bottoming out. This is suggestive of an actual bottom in the making.
By no means am I suggesting that you run out and buy it, but it certainly bears close monitoring. It may be weeks until it comes back to life - assuming that it actually does.
My sense of the overall market is that we may have to wait patiently for bottoms to be built. This market offers countless opportunities in sectors such as the financials, coal, shipping, as well as in OTC stocks in general. At this time, I have no holdings in these sectors, nor do I have any active OTC holdings whatsoever. (THWI was my last OTC play).
I remember an interview in Technical Analysis of Stock and Commodities magazine in which the interviewee (I don't recall who it was at the moment) predicted over two years ago that the stock market will continue to offer stocks at fire sale prices for years to come. That appears to be the case.
I am cautiously optimistic that some of the breakthrough technologies that I am finding may work their way into the mainstream, to the greater benefit of society. That may sound like a grandiose hope, but consider that one company has a water cooler that is self replenishing, producing 99.9% pure water from thin air. Another company has provided proof of concept in turning dirty water into hydrogen. Another company offers flexible illuminating fabric. The company that is the subject of this message offers a non-invasive breast examination.
Even as FB continues to spiral downward, the venture capitalists continue to pass these promising companies by. One biotech just announced that it is pulling the plug on its third stage clinical trial of a promising drug because it has run out of money. Heaven only knows how many brilliant individuals out there have the potential to be the next Steve Jobs, given a small infusion of capital.
Call me crazy, but the proof of concept that Helix Wind provided in Chicago is to me far more significant than is a social networking web site.
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