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trader guy

12/16/09 10:27 PM

#96476 RE: NOBO #96461

Sure hope you're right. And if Watson starts to walk the talk instead of just talking the talk, that could happen for sure. More transparency besides just an investors section on the website would help.

Specifically, the 3 month daily chart shows a relatively symmetrical wedge that is close to pinching out so the price needs to close convincingly above the upper resistance line very soon (like tommorrow). If not, it could drop down and test the lower support line on the 9 month daily. Was hoping it would test that support line before it took off as that would make for a more healthy run without news. That's not to say that it can't run from here with or without news. Sometimes these stocks do that when the fence sitters just can't stand to stay out any longer because they just know (or think they know) that the news needed to get this off the ground again it just around the corner and they all start to jump back in at the same time.

If Watson decides to give longs a little Christmas present with a nice juicy PR full of the things that they want to hear, that would blow all the charts out to the water and it would be a whole new ball game. Not holding my breath, though. He seems to be content with posting updates on the website, which don't reach anyone except longs that check it out on a regular basis to keep their hopes up.