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True, but still like them off the ask for a change!!!
1st time in weeks
It may already be over?!?!?
By by VFIN!!!
They are paid to liquidate X amount of shares
Tail of the story is get as many as you can, when you can. Cuz when they're done, so to will be the current sale
2 general reasons. MMs sometimes drop the pps if they have a large order to fill, allowing them to accumulate more shares at a lower price
Or when the share is being diluted, as is likely the situation here. They try and get people emotional by dropping the pps to levels people feel are unreasonable which increases the liquidity allowing them to liquidate large amounts of shares.
Some of there techniques make little sense to me... But with the O/S close to the A/S I'm glad we will not likely see this happen again in the future. So I'm glad for the opportunity & glad this won't happen once the pps is higher
Ok... I agree with you
The ask was at .0182 for a long time, smack the ask, drops to .0181... Smack the ask again, drop to .018...
I call manipulation... No one trades like that
Nicely done!
My highest buy was @ .0183 for 600K
I'm not worried at all though
I agree that it was manipulated down (combined with the panic of some), but from here, we as shareholders need to support our investment. There are many on the sidelines looking in, but without cause, will not buyin IMO. But as a brighter side... When a material event does occur, they will be the ones driving up the pps. Until then, we wait
Manipulated???
No buying pressure = no movement
Start buying & it will move
This stock looks to be on vacation too
Agreed...
Didn't expect people to be selling with the brothers gone
Nope... I replied to u yesterday
Re: oldman65 Post# 10429
Closed @ 31, the 27 was a T-Trade executed during the day
I'll be surprised if we don't test or pass the 200dma this week, let's see how it plays out
Lol, I'm chatty this morning
And the skies are beginning to clear
I hate being too presumptuous...
Really depends on the type of news...
Land a big fish & your prediction is too conservative. PR something without substance & it becomes to ambitious...
Let's let Ed dictate where we go from here... We're in good hands IMO
Today is his favorite day of the week
VNDM is taking over
Not a short process I'm sure...
But as they have no legal merit to their check21 processing, it should be an open & shut case. The longest part will probably be figuring out how much $$$ they owe MYEC through the years... Wouldn't be surprised if they settle before it ever gets to court, would cost them millions in legal fees for something they will surely loose...
If they were smart, they should start buying MYEC shares now to offset their losses
Yup!
From $1.3 mill in rev to over $11.3 mill per quarter in a blink of an eye
If it pans out, I'll be on the band wagon thanking CheckALT for doing all the leg work for us & making us all stinking filthy rich
Go CheckALT!!!
Hope he goes after MVI as well (they also look to be profiting significantly off of Check 21 processing)
check out my post 142761 covering the 2 of them...
I agree with this, I guess I misunderstood your comment below
"so yes imo they are using MyEcheck when you see what partners they have"
They are using our patent illegally... Go get what's rightfully yours Ed
I disagree with you... I don't think they are flowing through MyECheck or our revenues would be much much higher...
1% of $4 billion is $40 million... Where's our cheddar???
Probably why we've hired patent litigation IMO
Not at all, the 27c trade was not at EoD
Closed @ 31, the 27 was a T-Trade executed during the day
Fundamentally, we are way different than it was back then
Talk about a momentum killer...
6 years from now & we'll be selling Wellness Juice to Coke for $4 billion like 50 cent did with Vitamin Water
This is a HOD
Hold Of the Decade
That too
I'm sure MYEC would be more than happy to do so, but suspect Chase would require a confidentiality agreement. One of the top banks publicly disclosing they're trusting people's money to the likes of an OTC company would likely not be in their best interest IMO
Probably wouldn't get PRed, but if we showed exceedingly high revenues, that would be fine by me
FYI, with aprox 4billion I/S & assuming 0 growth for the year, the current pps of .0175 gives the Co. A P/E of 13...
I'm not a betting man, but I wouldn't hesitate putting my money here
Wow!!!
We are looking to gap up here & interesting to see a bunch of the ask @ .0195 removed!!!
What's up?
CANT on the ask @ 0.0195 (as you can't stop a train which is leaving the station )
from the Fed reserve payment study quoted by Ed yesterday
http://www.frbservices.org/files/communications/pdf/general/2013_fed_res_paymt_study_detailed_rpt.pdf
"the number of checks paid declined more than 50 percent since 2000 (from 41.9 billion to 18.3 billion), while the non-check portion of noncash payments (card and ACH) more than tripled (from 30.5 billion to 104.1 billion)"
"Automated Clearinghouse Payments
•ACH payments continued to grow in traditional consumer and business categories such as payroll, prearranged bill payment, and cash concentration and disbursement. Internet-initiated ACH (WEB) payments have significantly contributed to overall ACH growth."
New data from the detailed report allowed more accurate estimates of the number and value of in-house on-us ACH. Estimates of the number and value of network ACH payments are unchanged. Because of the change in the in-house on-us estimates, the previously reported estimates of the total number and value of ACH for 2012 have been revised.
The new ACH estimation method creates a break in series in the measurement of total ACH, particularly by value. Therefore, comparison of total ACH volume trends by number will be retained but the value trends will not.
•The total number of ACH payments previously reported has been revised downward slightly to 21.7 billion.
•The new estimate of the value of in-house on-us ACH payments of $144.1 trillion is approximately triple the size of the previously reported value.
•The average value of a network ACH is estimated to have been $2,202, the overall average value of an ACH in 2012 is now estimated to have been $6,638.
I was just reminiscing yesterday with some fellow longs that had there been no recession in 2009 we'd never have been fortunate enough to have this unbelievable opportunity in MYEC today!
Sometimes mishaps reveal new opportunities
That's me
But with VFIN sitting on the ask, won't be surprised to see a bit of a dip here, sit on the bid people
Liking the bid support here & lack of sells