S_R_M
There certainly is 'something' to, as those rules said, everyone looking at the same things at the same time causing movements in stocks.
IMHO we sure do need news.
So many of those 'rules' apply to where NEOM is now, and what it might do sans news.
Another 'rule' that is implied in a couple of those rules is '3 days in play, take your pay'.
Let's see, Tues, Wed ... yep. Lots of traders/flippers will be bailing today, getting paid, and watching to see what happens next.
I won't be trading, but I'll be buying, in fact already did some of that. Probably like quite a few others (but maybe not) I had no intentions of getting involved in flipping a penny stock, and I doubt I'll start. I'm in hopes that Neomedia stays solvent long enough for the story to play out, that there's enough under the hood to make it play out in an UP direction, and at some point I'll cut my 'investment' here down to what it was originally intended to be, and hold the rest.
If NEOM ever gets back to being a 'quarter' stock instead of a 'penny' stock, or be still my heart, a 'dollar' stock, I would probably begin to 'trade' it.
I hate 'penny' stocks. LOL
jonesie