I really, really, really, really, REALLY do not recommend it
Quote:
Originally Posted by
Baa_Baa
Even the long haulers will observe the 50EMA crossing up through the 200EMA - the
Golden Cross. If for example you only traded in or out when the 50/200 cross, you'd be doing just fine. The latest cross was Feb 24 around $0.014.
Attachment 7223
Daily price chart, showing only the 50 & 200 EMA's. The vertical line is VML's listing date.
BAA
There is definitely something amiss with your data there - you may want to find a more reliable data source
So buying (green) and selling (red) on the so called 'Golden Cross' would give you this loss-inducing trading pattern for VML:
Attachment 7226
The first price is the close of the day of the cross, the second the next trading day (assumed buy/sell prices).
The cross lags the price movement too much.
Best Wishes
Paper Tiger
Sofistykated is my middle name
Quote:
Originally Posted by
Baa_Baa
very astute observation WD, on the large insto holdings particularly (probably the rest of your assessment as well), though let's not forget the CEO at 34m+ as well, along with some highly qualified names putting their cash on the table.
Nothing naive I can see, in fact it's very encouraging to have such astute investors backing VMob for success, and I do like a CEO who has everything on the line.
BAA
Just remember that the 'smart cookies' with their holdings are smart because they do not put all their money into any one speculative stock.
They spread their dollars around knowing that some will fail, some will do OK and maybe one will go ballistic. (Just like trading really).
So overall they will probably be in profit.
They back VMob not because it is a sure-fire winner but because it may be.
Best Wishes
Paper Tiger