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I just took out 200000 shares on the ask. Keep hitting the ask and we will move
You can do that if you want to lock in profits. Just know that there is a good chance that you won't be able to get in on a "dip" too soon. You may be able to, but is it worth it? I guess it depends on how many shares you have..
Wow. The PR should have mentioned that. That's huge. Enough to push us to new 52 week highs IMO
That is great. Makes sense, but it through me off for a second cuz it was so high.
I may be reading it wrong. It says 180,806 in millions. So does that mean they have 180 billion? That seems rather high.
http://www.calstrs.com/current-investment-portfolio
CalStrs, the contact awarded today, manages $180 million in assets
http://www.calstrs.com/current-investment-portfolio
Be smart. Move your asks up or VNDM will just keep cutting in front of you.
They always move by the end of the day. At least VNDM is on the bid as well this time. Great time to load up on shares IMO because once the MMs move, we have a lot of room to go up. Even with them there, we can go up because buying pressure is strong right now.
Yeah, I'm never too worried about AMMX. I wish the news would show up on iHub though.
VNDM on the bid... Haven't seen that in awhile
Read the about section at the bottom:
Glad I bought a few hundred thousand more shares before this hits the iHub news feed.
Keep in mind that with such thin volume, we are responsible for maintaining the PPS, and we have that power. It may be scary to buy at the ask, but the PSG flippers will have no problem selling at the bid if/when they see momentum shift downward. Buying on the ask can actually save you money by maintaining the current PPS. If the price drops, you could lose more money (based on share value) than if you hit the ask.
Of course, this is all just my opinion and should not be misconstrued as financial advice.
The trading is so boring today. We need consistent volume in AMMX. With all of this great news, I am surprised there is less interest in the company.
I completely agree with you there. Pumping and radical PPS predictions don't add much value to the board, and the board sentiment tends to fluctuate relative to the PPS, which is indicative of the fact that investor confidence is tied to the PPS and not necessarily the actual company. That being said, at certain times, pumpers can serve the purpose of exciting new investors and pushing the PPS up. That just doesn't work on down days. Down days need to be accepted as a reality for a stock as volatile as MYEC. I appreciate these days as buying opportunities. I just don't believe we need to question Ed's intentions on these days, which is why I replied to your message.
Mentally I am long on this stock and have been here for a long time now. That being said, I sell at highs and buy back at lows so the volatility of the stock doesn't affect my portfolio. Those who get emotionally tied to MYEC and hold long term positions will feel the brunt of the volatility and panic/rejoice accordingly. I'm not here to criticize anyone's trading strategy. We all invest in differently ways. As long as everyone is making money, their strategy is solid.
If you think about it, there's very little reason for Ed to pump this up. He has 2 billion shares so he could never unload a significant amount of his position without panicking the market, which means that he can't profit off of the hype too much in the short term. So, this is part of a long term plan.
Of course, none of us can really know for sure if these plans will be actualized because we don't know Ed, but the same logic applies to almost any publicly traded company. If you are truly investing in this company and not just trading it, you need to have some faith in the management. If you don't have faith in the management than you should have never invested in the first place.
We are dropping because we ran on speculation. We set new 52 week highs while running on social media updates that were never made official in press releases.
After all of that great news from the MYEC Facebook, we didn't get the expected PR on Wednesday/Thursday, and then we got a sub-par PR on Monday about a deal with a company that doesn't have revenues (ITNS). ITNS ran instead because MYEC is a stronger company. The PR was good for ITNS but not for MYEC. This flow of events, combined with consistent down days, has lowered investor confidence, which is the sole driver for PPS changes.
The fact remains that nothing has changed fundamentally since we ran past .04. All of MYEC's positive plans (mentioned on Facebook) are still in place. The only thing that has changed is that a new deal has been announced. Even though it wasn't the best deal, it was still a deal, so essentially we are in a better place than we were when we ran. All of the information provided through Facebook gives longs an advantage. You know what Ed is planning so you know what is coming.
Just be patient, and appreciate these drops as an opportunity to load up on more cheap shares before the next run. Chances are, the stock will drop into the high .01s today, but that's no big deal in the long term. Ed cares about the PPS more than any of us. He has 2 billion shares. How many do you have? (rhetorical)
Well we have a bunch of flippers in this stock now because of the PSG alert so it makes sense. That was why I was hesitant to buy more shares in the first place, but I think this will move once the news reaches more people.
I just picked up some more shares. Im glad someone was selling off on the bid.
The recent news hasn't even hit the mass markets yet (not even shown on iHub) and we are still waiting for much bigger news from Niger.
News hasn't reached the mass markets yet. If it is going to move on this news, the move will probably happen tomorrow.
Agreed, it's a terrible trading strategy, but it's just part of the market environment. When this stock wants to run, it will.
I've found that with MYEC there are good days for buying and good days for selling. Today is a good day for buying. I bought 100k more shares earlier and plan to buy another 300k by the end of the day.
Anyone who has been here long enough has to know that a catalyst is coming.
Hey Mike. Not quite yet - still have a few more plays to cash out on before hitting the Bahamas ;) I've been preoccupied by some other plays recently (the one I messaged you about) so I haven't been by the AMMX board as much.
I wouldn't be surprised if AMMX holds its gains. There is a good chance it will. But, seeing as it is up almost 100% in the past week or so, I am skeptical about buying another few hundred thousand shares before seeing how the market reacts to these new prices. We all know that AMMX is still undervalued at these prices. If these levels hold for a few days, I'll definitely pick up more shares.
Been awhile since I posted here...AMMX is looking nice.
I'm looking to buy more shares when an opportunity presents itself. Right now, I don't trust these price levels because they were stimulated by the PSG alert. PSG subscribers may get bored and move on at one point. There aren't many true longs on penny stock mailing lists, IMO. Nonetheless, the levels may hold. The float seems to be locked up, so AMMX can move fast in either direction. I'll be watching closely. Should be a good week. Good luck everyone!
Seems like a few people just bought out the 23s to flip below 25...
Everyone, relax - you know what you own.
This has been happening for months. The stock price goes up and everyone gets overly optimistic. The stock price comes back down, and a few people get overly pessimistic. These are normal trading patterns that happen with almost every stock and they will continue to happen. These patterns shouldn't surprise you. Don't put any money into a penny stock that you are not comfortable losing. Remember that "high risk" is a part of the "high risk, high reward" trading strategy that most penny stock traders utilize.
There's no reason to get upset about daily price action. Here are a few different scenarios that explain why:
1. You're a flipper - If you're flipping the stock, you better be timing it right, or else you have no one to blame but yourself. It's not Ed's responsibility to help you execute your plans, as he serves true shareholders (longs) and not flippers. Ed's focus is longterm and yours is short term, so there is a conflict of interests. So, if your plan is to buy and sell in a short period of time, stop cursing the company, and start improving your strategy.
2. You're a true long - If you are truly long on MYEC, don't even look at the daily price action if you can't stomach it. This stock will have its runs and its drops due to its volatility. Most stocks don't just keep running exponentially forever, or investing would be too easy. Did you really think MYEC would keep going up 50% everyday? Be patient. Ed seems to have a lot of stuff in the works, but it will take time for all of it to be rolled out. MYEC isn't going to take over the financial industry overnight.
My Analysis:
We experienced a great run at the beginning of the week. This run was fueled by social media updates, and not supported by a single press release. It's amazing that we were able to run this much on social media updates and positive hype, so that was a good move by Ed. Last week we were trading in the high .01s and low .02, and this week we have consolidated in the low .03s after breaking the 52 week high multiple times. How can that be viewed as anything short of amazing?
This shows so much investor confidence, and MYEC has also caught the attention of new investors because of these runs. Everyone was probably expecting a PR on Wednesday/Thursday, but that is just speculation based on Ed's previous pattern. We were never guaranteed a PR. The fact remains that we gained so much transparency this week, and we know that big things are coming. The PRs will soon reflect this. I'm not overly optimistic, but I do recognize the potential. I sold some shares at the highs to lock in profits, but I still maintain a substantial long position that I will be holding for awhile. I sell at highs to lock in profits that will be used later to buy back shares and create support/break through resistance. Everyone has their own trading style. Just remember that you are not entitled to anything and MYEC owes you nothing. The amount of money you will make on MYEC is solely relative to your trading skills and strategy.
Huge week for MYEC
Do some DD, and you will see what I mean. This stock has crazy potential right now, IMO. Strong fundamentals, and huge investor interest.
MYEC preparing for another big move. This week could be huge, IMO.
Do some DD, and you will see what I mean.
Found this...MYEC gaining more and more attention.
http://avauncer.com/a-lot-is-brewing-at-myecheck-inc-otcmktsmyec-7225
I would not want to go the weekend without having MYEC shares. They are in a great place right now. When other investors see the Facebook page over the weekend, there will be a lot of potential, IMO.
So much great news was disseminated through that Q & A session. The majority of the market just doesn't know about it yet. Buyers should take advantage of that.
Keep in mind that most of the market has not read the information on the FB page quite yet. This gives us an advantage because we have an opportunity to buy cheaper before the next PRs.
Ill be upping my position today.
NEW Investor Q and A https://www.facebook.com/myecheckinc/posts/244754589041979
IGNORE THAT APP. There is a very slim chance that it is the same thing, as it has been around since January and has tons of installs and ratings. I doubt Ed would keep that from the public for so long. If I'm wrong, I'm wrong.
The only thing we know is that http://www.mydcoin.com was registered on February 25, 2014, the same day that mj-pay.com was registered, and Ed updated the site once it was discovered on the board.
I dont think thats the same thing. it has been around since atleast january