Replies to post #158282 on On4 Communications Inc (ONCI)

[CashMoneyCarl]

If you don’t mind sharing, do you see this going down into the teens today as BTW is speculating it will?

Sorry for the delay..

You know what? I think I do. Todays low is already .02 and thats just one measly tick away from .019 or the teens as you call it. The daily chart shows the 200 and 50 DMA headed in a slow but downward slope so the momentum is down. To 50 crossed below the 200 this morning, thats known as a 'death cross' in charting terms. Doesnt mean much because of the short time frame, but you asked for todays data.

That, and its Friday, typically a day a lot of traders sell off their positions.

While I do look at financials, I do base a lot of what I think on the charts. They take out the emotion of PRs, tweets, and all that. The lines do not lie.

In short, I do see the teens coming. Whether its today or not I do not know, but I bet we flirt with them some by next week at the latest.

Just my two cents.