Wednesday, September 22, 2004 4:41:18 PM
Reason I bought 500K more @0.004 today....
With all the good news we had lately, I wondered what the charts said about the recent downtrend. I compared a few charts. Now I know with pink stocks, maybe the charts have nothing to show, but the pattern I found was VERY, VERY similar. Look at the price from april til now, making a high, and declining since, with some tops and lows on the way down.
Also the volume is low during the decline.
But specially, look at the AROON indicator from august til september(UGHO), and late august til now(QBID)....hmmm
And I know very well, UGHO is a TOTALLY different company, with TOTALLY different products, and the news was COMPLETELY different, but it was just news about an upcoming event, launch.... no news on sales, revenues or profits
This could very well be a stupid comparison, but to me, they look like twins, and combined with all the good news, the launch coming close, I took the gamble.........hey, we all know what UGHO did the last few days :))
We'll see in one month's time if I'm right, lol
Here are the 2 charts :
goldwing
With all the good news we had lately, I wondered what the charts said about the recent downtrend. I compared a few charts. Now I know with pink stocks, maybe the charts have nothing to show, but the pattern I found was VERY, VERY similar. Look at the price from april til now, making a high, and declining since, with some tops and lows on the way down.
Also the volume is low during the decline.
But specially, look at the AROON indicator from august til september(UGHO), and late august til now(QBID)....hmmm
And I know very well, UGHO is a TOTALLY different company, with TOTALLY different products, and the news was COMPLETELY different, but it was just news about an upcoming event, launch.... no news on sales, revenues or profits
This could very well be a stupid comparison, but to me, they look like twins, and combined with all the good news, the launch coming close, I took the gamble.........hey, we all know what UGHO did the last few days :))
We'll see in one month's time if I'm right, lol
Here are the 2 charts :
goldwing
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