NEOM - NeoMedia Technologies Inc - Page 157

Bought 675,000 shares of NEOM at 0.022. Seems ready for a bounce

The drop kind of stabilized and flat lined here. Also, 0.022 is a base line with a lot of trader volume. It went up yesterday to 0.026 and came back down and testing support and looks like holding. A bounce from here again should see good gains.

Here is the 6 months chart to put it in perspective. Look at that big volume bar at 0.22 level and it is a previous support level as well. There is that big spike to 0.06 on March 19 and its falling since then. Current 0.022 is far away from the peak and looks like a bottom here. I think it will try to bounce from here and in fact it tried yesterday. Further attempts should start soon.

Many joined me with CBIS trade too late, hopefully some catch this one early. Again, pennies are risky and play only what you can lose and do your research and analysis before buying.

I'm not trading NEOM anymore, but I have to admit: It looks very strong and tempting !

Edit: Took a small position at .0220, looks like they want to test .0205 again 

Quote:

Originally Posted by kevin1612 

looks the opposite to me still...maybe a lil 10-20% pop over a day or 2 but still looking lower ...tho as i said .02 has held so far so not quite 100% bail yet lol

I'm looking for a small profit in the range of 15% and then I'm out, like I did before. I don't expect something crazy with NEOM, 4th-5th of april was imo the days that could bring huge movement but it didn't. 

Only potential I'm seeing is it looks like it's fighting to hold on to that 200 day SMA level.  Probably a good buy for a quick scalp in the short future.  Though the trading range hasn't tightened up enough for me to take a position.

Set a limit for .018.  Searching for the next big mover while I wait for it to hit.

Take a look at PWAV, while it may not be real big mover like pennies, it has potential to return 35% from 1.85 current price level with a limited downside risk. I was waiting for 1.82 price on this and bought 15,000 shares, If luck favors it would goto 2.50 else should be able to exit at 2.0 for a small gain
 

Quote:

Originally Posted by OTCTRADEFORUM 

Set a limit for .018.  Searching for the next big mover while I wait for it to hit.

 

 

 

Not a good day for NEOM. Any expert opinion on this?

It will bounce just have to give time.

Man, yesterday I contemplated whether to put into NEOM or PLUG. I knew PLUG will gain but its max gain is capped to about 40% while NEOM can return 100%, so I went with NEOM.

So far it proved to be a mistake, PLUG gained 14% today while NEOM lost 5%.

Just have to hold it a couple of days more for the bounce. Good luck.

Thanks Kevin. Yes, I need to cut down my expectations as they are outrageous. Can you believe, I did not take any profits on CBIS after a 100% gain?

I will remember that for a while and hopefully play more conservative.

PWAV is the new kid on the block that is getting attention at the moment
 

Quote:

Originally Posted by kevin1612 

bounce potential there...just gotta be realistic about it...take the 10-20% if it comes and run maybe take a chance on 25-30 %...just dont get caught with hopes and dreams

Thanks. I will keep it in mind and try to exit for any small profit.
 

Quote:

Originally Posted by kevin1612 

greed kills profit lol...i would expect a bounce here but in a few weeks i would still expect .01 and maybe sub penny before we see .03s

Is it just me..or is the stochastics-indicator (14,3,3:SLOW) a relative good buy indicator? If you look at the chart: When it goes under the 20-line and breaks threw it, there is potential to make at least a small profit. ...There is one thing that bothers me to be honest: Volume. I expected more volume today and the last few days at this price level and support but it seems to me that the action is decreasing with NEOM.