NeoMedia Technologies, Inc (NEOM)

[bodreaux]

IMO charts have their place in trying to apply hindsite to foresite, using averages and past behavior patterns as a guide. My problem with this is that while you may have a better shot at predicting short term direction based on these patterns, Neom has no history of announcing a 20% equity partner, no history of stating they are profitable once WR and other $ comes in, no history of announcing PC's inclusion in one o/s or another, or being included on a phones stock programs. Until you have the "quake" type news announced, there is no logical way to anticipate it using TA. That is why I refuse to give up my shares on short term weakness, when the biggie is announced, it could be during such a TA sell period, and you'd miss the boat we've all been waiting so patiently for. In the meantime, the efforts of those skilled in TA does help somewhat explain the daily, weekly, and monthly noise we see in the share price, and brings somewhat of a tangible emotional feel to what is transpiring, but in the end, when this thing finally pops, that's all that will really matter IMO.