Replies to post #498 on Intellect Neurosciences Inc. (fka ILNS)

[trader53]

Zilla: I buy on divergences, and on breaks of support after a
5-Wave decline, as indicated under Elliott Wave Analysis.

The following 1-month chart shows th current 5-wave decline.
The waves are labeled by the prices.
Wave 1,2 is 0.031c down to 0.0223c, up to 0.0279c
Wave 3,4,5 is 0.016c up to 0.0195c, down to 0.015c
http://stockcharts.com/h-sc/ui?s=ILNS&p=D&yr=0&mn=1&dy=0&id=p55871167223

Support had been at 0.0212c August 3rd.

Aglance at the CCI indicator, shows it is trending up, as the price per share is trending down. This divergence indicates a probable price reversal to the upside is expected.

The support of 0.0212c (which now becomes resistance), should be tested soon, as the price begins to rise here soon.

I liked the fact that volume increased yesterday, as the price fell below support of 0.016c.

[trader53]

Zilla: BTW, I got in on August 26th

at 0.0164 - 0.0179c ( 100,000 shares)

http://stockcharts.com/h-sc/ui?s=ILNS&p=D&yr=0&mn=1&dy=0&id=p55871167223

[trader53]

Zilla:FYI - Short Term Bullish Breakout!!!

http://www.stockta.com/cgi-bin/analysis.pl?symb=ILNS&mode=table&table=trend&num1=570


http://americanbulls.com/StockPage.asp?CompanyTicker=ILNS&MarketTicker=OTC&TYP=S

http://stockcharts.com/h-sc/ui?s=ILNS&p=D&yr=0&mn=3&dy=0&id=p64857662664

[trader53]

Zilla: I am very interested in your approach to your timing of your stock purchases, and your reference to the RS.

1. What was it that got your interest in ILNS chart wise?


2. With regard to ILNS, you had said,

"The good news is, I believe in ILNS, no RS needed cause not listed and the company should survive until PIII results from 'bap'.

Could you please tell me what you mean by "not listed".
Is there a list somewhere that shows companies are not going to do a RS? ( I assume RS means Reverse Split ).

Thx,
edurk