John:
GMGC still looks good...
stockcharts.com
The market is dipping but GMGC is showing good relative strength... MACD, CCI, RSI, OBV, Williams %R, Stochastics, and ADX indicators are all positive...
The group of stocks you mentioned shows GMGC and VFNX still up today... You might be right about some type of investing voice theme developing... One thing for sure, people continue to buy GMGC and VFNX while the rest of the market dips today... The old adage, "Where there's smoke there's fire" is just as alive and well today as it has always been... When people start buying in volume or selling in volume, that speaks volumes to those attuned to the language of supply and demand... I think there is news coming in the voice and telematics area... It wouldn't surprise me if GMGC gets involved in security voice recognition in light of the heightened security awareness around the world... There's billions of dollars out there for the companies with the solutions... GMGC just might be one of those companies...
As for the Nasdaq... 1550 needs to hold or 1500 will be retested...
stockcharts.com[m,a]daclyymy[pc13!d20,2][vc60][iLa12,26,9!Lc20!Ld20!Lb14!Lg!Lk14!Lp14,3,3!Ll14] Williams %R, Stochastics, and ADX suggest some short term profit taking...
Jim |
