ATLANTIS TECHNOLOGY GROUP INCORPORATED (OTC: ATNP)

What a wild week!  The Conference call on the 7th was excellent – but the results weren’t what I had expected.  The conference call was full of great news in my opinion – but there was one downfall.  Atlantis pushed the Launch date out for the product, but I’ll get back to that in a minute.  I need to point out this amazing chart first!  I know ATNP did a back-slide this week, but I’m still holding my personal shares.  I think there was a lot of panic selling this week which didn’t help matters.  Not a big deal really, and the volume and visibility on this company increases DAILY.

The most excellent Chart I’ve seen in months appeared today after close – and if you aren’t a charting nerd, then this might not make a lot of sense, but read it anyways….. The indicator on this chart is a VERY BULLISH REVERSAL PATTERN.  I’ve annotated the chart a little bit and pointed out some key elements we commonly discuss in the chat room.  One indicator is that the RSI (Relative Strength Index) is in an uptrend.  I look at RSI as more of a momentum indicator than most people do, but you should always consider RSI in conjunction with another indicator such as PPS (Price Per Share), or Volume, or something of that nature.  That said – take a look at the chart, and take a look at the pattern that has developed over the last few days.  The pattern that the chart has currently is called a Morning Star.  Morning Star is a VERY BULLISH INDICATOR.  Here’s a text book definition.

Morning Star — this is a bullish bottom reversal pattern. The formation is comprised of 3 candlesticks. The first candlestick is a tall black real body followed by the second, a small real body, which gaps (opens), lower (a star pattern). The third candlestick is a white real body that moves well into the first period’s black real body. This is similar to an island pattern on standard bar charts.

Now take a look at the chart and you will get a better picture of what is happening here. 

 

Here is the Press Release describing the Conference Call, and a link to listen to the recorded Conference Call.

MIAMI, FL–(Marketwire – 01/12/10) – Atlantis Technology Group (Pinksheets: ATNP – News) announces important shareholder and the January 7th, 2010 conference call recording located at (http://atlantistechnologygroup.com/conf/Conf_recorded_on_Jan__7_2010__2-45PM.mp3).

Items that were discussed during the conference call.
. The Dividend shares of Global Online Television Corporation
2. The Contract with AMT Communications (fulfillment of the Set Top Boxes)
3. The Purchased Amino Software Developers Kit (SDK for short)
4. Contract with TMCnet.com
5. The Middleware provider
6. Our Technical Staff
7. Company Finances
8. The CEO’s reasoning for selling his own shares into the market and funding the company with all the proceeds.
9. Employment of Sales Reps
10. The Launch Date of January 11th, 2010
11. Pre Order
12. Pending Contracts
13. Current information on Pinksheets OTC markets

We urge all shareholders to listen to the conference call to get up to date information concerning the company and the GOTV IPTV service.

The GOTV IPTV service will be launched in the 1st quarter of 2010 and we will be announcing the launch date in the month of January.

CEO Christopher Dubeau states, “It was my pleasure to hold the conference call on January 7th, 2010 for the shareholders. We will try to give another conference call in the near future as well as increase the amount of shareholders that can attend due to incredible response we received. We would also like to assure the shareholders that we believe in our product and are looking forward to becoming a global IPTV Service provider.”

Here is a link to their website so you can start doing your own Due Diligence: http://www.atlantistechnologygroup.com/default.html

Also, don’t forget that Yahoo! has message boards for companies under the Finance link on the main menu, and www.investorshub.com also has message boards – these are two other great locations to due some research and get the latest rumors and buzz on this company! READ UP!  Get ATNP on your Watch List folks!

Regards,

thePennyPlay Staff
staff@thepennyplay.com