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Biotech / Medical : Biotech - Technical Analysis

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To: XenaLives who started this subject7/12/2002 4:11:56 AM
From: XenaLives  Read Replies (2) of 544
 
I've traded in and out of NEOT for a couple of years, and the company is at a crisis point.

My belief is that it is a good company with valid science, but due to a death spiral financing arrangement, the stock is being traded with a vengeance.

They are now out of money and will have to either land a big partnership or sell the company. I do not believe that bankruptcy will be an option with valid science and the patents to back it up.

spiritsites.com

I just spent over two hours studying this chart. There are many conflicting signals here. Risk and reward are both tremendous. Additional input is welcome.
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