NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

saskwatch, re: trendlines ...

Maybe, that will be an interesting chart to watch for sure. I've come to think there are no coincidences in the stock market, that, for the most part, a chart and a PPS tells us everything we need to know about what is "known" by the majority at the moment.

On TIV it was no coincidence that it finally, amidst much gnashing of teeth, settled down albeit briefly, to the older uptrendline that it truly never should have deviated that far from to begin with. $17 was over exuberance ... but nice :)

(NEOM to .70+ was a bit of the same perhaps?)

I've been mentally preparing myself for NEOM's return to that lower line, now around .30?, and even a little overshoot. It will hurt to see the dollars dropping out of my portfolio (I will be laughing through the tears no doubt lol) but that's where I'll buy, yet again.

As to the trendlines colliding, as long as NEOM is above the green one, the collision will certainly have NEOM's chart "backed into a corner" and a move, one way or the other, would be forced.

All JMHO.

jonesie