Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Why is there activity all of a sudden?
Ha! Ha! Dream on!
Why hasn't MEC reported any fins for almost a year?
Will this ever trade again
Where did u hear that? Source?
You are opportunistic
MyECheck (MYEC) is overpriced and legal action alleges massive fraud
http://www.equity.guru/2016/06/06/myecheck-myec-is-overpriced-and-legal-action-alleges-massive-fraud/
Where are the FINs?
You bet. But hey that's like in the penny stock world
This ended in Feb 16. What's your point?
If in the last 30 day trading sessions MYEC doesn't have at least one day where it close at 0.01 or above it will be downgraded to the Pink Sheet.
Not saying that the MYEC is not OTCQB. The rule to be disqualified from OTCQB is not the 30 day average like mentioned.
Its not the average read the rules
Very good levelheaded post!
How do you know? You have a crystal ball??
It was on Twitter
The app is not the revenue generator. The backend patented Check21 and this won't happen soon if ever. Emobile will not take it back to $0.08
Yes there were missed deadlines and guess what there will be other ones in the future.
Have you ever run a company? Do you know what it means and what is involved?
Some promises they delivered on
- Audited FS. SEC will follow
- Had some problems with DTC. Solved this.
- Promised a mobile app. It's coming
MYEC is not selling pop corn in the streets of Ottawa
Geez what planet are you on!
Ed tweeted this
@EdStarrs: MyECheck will be uploading a revolutionary mobile commerce app to Google and Apple on Monday 6.29.15
With the app logo
http://t.co/UnjF6Jhz22
Thank you Doc!
How can we be sure that the shares we bought are not those fraudulent shares?
mj-pay announcement
Is it recent that the mj-pay website says new and improved website coming this week or as it been there for a while ?
Why Monday?
New HOD!
This would mean that he had some to start with. You can't lose what you don't have
You're full of it and no it's not air!
It's not a matter of if but a matter of when
Everybody that has dealt with the legal department takes forever
Don't know why it's going to the wrong post. Inzane post 165474
Email from Bill on Fins
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=10574106
Eddy Grant
Eddy Money
Ed Starrrrrrrrrs!!!
Wow some people have lots of time to waste making up things.
MUST READ
The Conviction To Hold
August 19, 2014
Ian Cassel
Extraordinary returns follow extraordinary discipline. Discipline in buying and selling, and maybe the most important one of all, holding. Developing the conviction to hold is something that I’ve learned over time. It didn’t come easy. The basis of this article is to give some insight on how to develop the conviction to hold your winners. It is very tempting to sell along the way, and it’s okay to take a little off the table, but the big money is made by holding.
“It never was my thinking that made the big money for me. It always was my sitting.” — Reminiscences of a Stock Operator
Many of us, myself included, look at stocks that have made big moves and think to ourselves, “If I would have only knew about that company and bought it back then.” But would you really have developed the conviction to hold during the run up? The problem is that to achieve a multi-bagger in the portfolio, you have to hold a multi-bagger. And if you want it to change your life, you need to hold a lot of it.
Don’t bother finding the next multi-bagger if you aren’t going to develop the conviction to hold it
Over the last decade, I’ve been lucky enough to be invested in a few stocks that have gone up 5-10-20-30x over a multi-year time horizon. From my experience, the only way to hold onto a big position after it makes a big move is to know the underlying company better than anyone else. Greed and fear will test your resolve, so you need to learn to keep these emotions in check. You need to believe in your due diligence and form an unwavering conviction.
So how do you develop the conviction to hold?
A lot of due diligence is on the front-end of a buying decision, but it certainly doesn’t stop there. The maintenance due diligence following the buy decision is even more important. For me, I talk to management regularly and keep close watch of all the ancillary forces and trends that are driving the company’s business. My “edge” is knowing my positions better than anyone else. This doesn’t mean I’m going to be right, but the more I know the better.
I think many misperceive high conviction for close-mindedness, ignorance, and arrogance. The conviction I’m talking about is quite the opposite. You need to constantly assess your positions and openly listen to counter arguments. Only then will you have the conviction to hold multi-baggers because you will understand all sides to the story. You also need to develop a thick skin. If you are not ready to be criticized for your convictions than you aren’t ready to make real money.
I believe most investors focus too much on selling strategies and not enough time on knowing what they own. Selling strategies such as, “Sell half after a stock doubles” or “When a position reaches 10% of the portfolio, sell it down to 8%” are meant for lazy investors. These selling metrics-formulas-strategies sound great in academia or when selling an investment strategy to a bunch of lemmings who can’t think for themselves. The truth is if you know what you own at all times, you’ll know when to sell.
In many cases the stocks I’ve owned were better buys after they doubled then when I initially bought them. In many cases when a position became 30% of my portfolio there was a reason for it. The underlying business was doing really well, or institutions were just starting to nibble on shares, so why would I sell it. Just because a stock doubles, triples, etc, doesn’t mean it should be sold. Stocks should be sold when your maintenance due diligence shows something has changed. If you know the story better than anyone, you’ll likely get clues well before the rest of the market. When a company performs, and the story hasn’t changed, stop trying to change it. Enjoy the ride.
When a stock goes on a multi-year run there will be long periods of time when nothing happens. These are consolidation periods when old shareholders are selling and new investors are buying in. You will notice a 12-month period of time in this three-year chart where the stock does nothing. This is very normal.
A big part of successful investing is becoming content doing nothing. If you are in great companies, a lot of times your biggest risk is boredom. Warren Buffett’s famous quote, “Our favorite holding period is forever”. If he likes where the business is headed, he’ll continue to hold it and probably buy more. Don’t be active for activity sake. Remember, there are no day traders on the Forbes 400 list. Learn to be content holding and doing nothing.
“Patience is power.
Patience is not an absence of action;
rather it is “timing”
it waits on the right time to act,
for the right principles
and in the right way.”
– Fulton J. Sheen
As a microcap investor who invests in companies with little to no institutional ownership, I want to hold for the institutional rally. When a management continues to execute on a great story, at some point it’s going to attract institutional inflows. You will see this when an illiquid stock all of sudden gets propelled by a sustained period of above average volume. Hello Institutions!
A multi-year run is made up of a bunch of mini-cycles that can last weeks or months. During these times the stock can become undervalued or overvalued. Quite a few professional investors I know like to trade 10-20% of their full position during these swings. For my psyche I’ve found it to be counter productive. If I own a $5 stock and think it might go back to $4 before it goes to $10 in 12 months, I’m fine simply holding it through the mini-cycles.
I hope I’ve helped shed some light on a hard but lucrative topic. Many investors spend all their time trying to find great microcap companies only to sell them after quick paltry gains. If management is executing and the story hasn’t changed, hold on for the real money. Find great companies, develop the conviction to hold them, and it will change your life.
Shorts are covering their a...
Nothing. Pure bs. This company is full of debts and just completed yet another reverse split.
They do have some cash, no debt and no plans for major capital expenditures. All good for an acquisition. Just hope they wouldn't issue shares to acquire