Hunter, To your latter question, " Why would Stamm
care if he has a patent on the technology?"
Some people are just not born blabber mouths. IMO,
Dr. Stamm's approach is the correct one for achieving success. "Let the results speak for themselves".
Your former question addresses technical
analysis. I'm not aware that you use TA for penny stocks, but if you do, please consider the following. IMO, I considered yesterday's action
a volume reversal which carried through this morning. Yesterday's volume of over 2 million shares was way above average. Today the bid is up .75 cents, not what you indicated. Ten cents is the high trade of the day so far. Volume is approximately 600k, again over the average. At times, VOLUME PRECEDES PRICE. I would be much more concerned about this rally if the price were shooting through the roof in greater percentage terms. The foundation of a sustainable rally requires above average volume and price increases that are reasonably contained. This creates the smooth-line type of rally that establishes trends, not those that are choppy in nature and directionless. As stated on a previous post, the DBC chart indicates the 200-day moving average at about 1/8. That's what I'm keeping an eye on, and I find the current volume pattern that you mentioned very interesting too.
Marty- Thanks for posting the Engo AOL information.
As always, the fundamental information you have been providing is crucial in determining NAMX's future, and IMO, at this stage of NAMX's development, much more important than the TA aspect. |
