PMED.OB

[Liquid Stick]

Sorry forgot the updated chart  http://tinyurl.com/mmtj4

[Lucas Scott]

Runner - I agree with you on the misunderstanding. Reminds me of two young bucks whose antlers have just grown in, butting their heads and fighting over some dough (mispelling intentional)

Liquid - your charting needs work. Apparantly your hand needs to be held after all The chart you have annotated is different than the chart you posted over the weekend. Specifically, the parallel lines you drew have a different slope than they did before. This week's move (a higher high) is factored into your new chart, and you re-adjusted your slope lines for it. Thus, your chart last week was invalid.

Also, the lower parallel line has no significance other than looking pretty. The line only crosses through one valid data point, that being the candle from week 1 of October. For a trendline to have any significance, there must be two valid touches. You may argue week 1 of November was a valid touch. It was NOT as it was just a part of continuous downward move that lasted several weeks.

What I'm saying is you've drawn your lines so they would fit your argument.

I must revoke the applaud I gave you earlier.

[runner2847]

Thanks liquid. I appreciate the analysis. Keep the charts coming.

Also I read this over on hotstockmarket. Someone there read this on another board concerning the CEO's trip to China this week. ROM another board:

By: LeFougueux
22 Feb 2006, 06:23 PM EST
Msg. 1542 of 1548
Jump to msg. #
Just called the company and was told that the CEO is in China and will be back on Friday. A PR may be issued on his visit.

Seems to me that if he went over there a deal might already be in the works. I read on the companies website that the CEO's last job was over in Asia so hopefully he has some contacts there that have helped him set up some sales.

[doyerdiligence]

Runner,

   It depends on how the rest of the week plays out.  We're looking at what some techs would call a piercing line (Dark Cloud Cover) on the weekly chart.  Which is obviously still out to jury as there are 2 more trading sessions left for that line.  Couple that with the fact that it hasn't yet closed below the midway point of the previous line.  If, PMED forms a "true" Dark Cloud Cover this week.  Then I would expect a slight gap down Monday and a selloff, but with the rest of the week recouping the selloff.  This action would cause a hammer to form and would be a positive headed into the next week.  So, i'd give it a couple more weeks and if PMED closes any week down there at the bottom trendline i'd be worried as hell.  But, I am not whole heartedly expecting PMED to spend much time down near that trendline.   Best case scenario here would be for PMED to turn in a morningstaresque reversal (with a hammer as the star) in completion of the western style Inverted Head and Shoulders pattern.

piercing line dark cloud cover on a weekly bar chart eh? that will get you far. your true dark cloud cover point looks like you need to study up and not just pull tech terms out of a hat. It should be used on a daily basis not a weekly.
http://www.investopedia.com/terms/d/darkcloud.asp
using a weekly bar chart to consolidate 8 months of data is not something you would do, maybe for 2-5 years you can use weekly bars. but how you have it set up defeats the purpose.

    i especially like the note on the chart that says "this is why i asked where you got in.." so very technical.

[Liquid Stick]

Lucas Scott,

  You're such a PITA!  Funny all that gapping and you've picked the perfect name with an ASS almost smack dab in the middle.  Luc Ass Cott.  I'll have to nickname you Jean Luc nitpickin ass Picard!  

  I must admit the first chart is the sorry sister of the real de(ta)il.  But, the scaling is different in the first rendition.  The new chart is annotated such that others can get an idea of where i come up with all my shoddy analysis.  But, need i remind you.  I didn't buy PMED.  You did! I don't believe in buying high and selling higher.  I believe in buying low and selling high.  Don't get me wrong.  Buying high and selling higher has it's moments.  but, i'll never agian buy an over extended flaming turd.  Not without some good old fashioned sideways travelling, back 'n filling, consolidation.  I'm not about being right all the time.  I'm about making money.  

Someone famous once said, "There are two kinds of people in stock picking.  Those that want to be right and those that want to make money."  I want to make money.  It isn't about being right, it's all about how you react to what happens.

[Liquid Stick]

It isn't even a barchart ya sheep dip.  It is a candlestick chart.  Even you should know the difference.      Dark Cloud Cover, (a variation of a piercing line a piercing line is the bulilsh cousin of the Dark Cloud Cover) is somewhat of a grey area.  Some candlestick practitioners say it isn't a piercing or DCC unless the close is past the middle of the previous stick.  But, as you might know stock movements are not cookie cutter clean.  Pound to fit and paint to match.  But, i suppose you'd like to call that bullish thrusting.  Eh?   Waaahhh cause it's your stock pick.  But, it's like i told Runner the WEEK AIN'T OVER YET!  I got some guff from somebody else on these boards over a shooting star.  She told me no you're wrong it's a high wave candle.  So, I told her she was right.  It is a high wave candle.  A shooting star is a high wave candle but tells of the body position relative the length and placement of the wicks.  Now do you see why I only draw a couple of lines on a chart and call it a day.  Otherwise, I'm back in the saddle again leading those GD horses that won't drink again.  I'm not getting paid enough to deal with the horseshit. 

[runner2847]

Man...it appears we have a feud between our resident TA experts. I ll be the first to admit I dont know anything about technical analysis other than the little bit Ive learned from reading what a few of you have said. So I wont pretend to know who is right, but it appears both sides shoudl agree to disagree.

Lets all create some positve energy so that today might be a better day than the last.

[Liquid Stick]

I can applaud that.  But i don't know how much my applaud is worth. 

[Lucas Scott]

We'll agree to disagree but, Liquid Stick, my finger is on the button if you get out of line!

[runner2847]

Haha...the Farside is awesome. Too bad PMED isnt looking so awesome thus far.

[Lucas Scott]

Yeah Runner, beginning to wonder if all the hype was PMEDitated It's sitting on the 9 ema now, which is a bullish position despite the huge paper losses you and I are sitting on because we chased the stock like a couple dogs going after a ball in traffic

[doyerdiligence]

got some more at .016

[runner2847]

Yeah I feel like I just ran into traffic. So you think this is all part of the normal retracement? I hope that pr from China I keep hearing about is a real possibility.

[doyerdiligence]

hoping for a pr in the future is not a good trade tactic in the otc relm
yes this is wild retracement isn't it. as to say normal.... i'm not so sure. well what % is normal in the otc. 20%, 33% 50 %?
we just saw 50% so i had to buy that weakness

[doyerdiligence]

as of yesterdays close
# of trades (50 days): pmed : 585 1350 1238 81 89 119 181 170 96 131 229 205 79 103 185 248 114 14 15 41 49 20 28 54 31 15 15 10 110 161 23 20 71 30 31 44 44 40 63 12 14 14 67 13 21 14 10 16 25

PMED.OB Average Volume:
3days: 46023977 +149.6%
10d: 18438298 +40.2%
30d: 11035103 +50.7%
90d: 5444405 +38.6%
180d: 3344546