Welcome to MYEC's personalized version of show and tell. As with all stocks, it made some wealthy and some regretful. I thought MYEC had a great future 3 years ago. Then I spent alot of time researching the history of the stock market. Suddenly whether Ed is a hard working ceo or a well schooled manipulator didn't matter much to me. The largest public companies are no different. There is a reason Warren Buffet once said "Buy into a company so wonderful that even an idiot can run it, because someday one will." I may not have the wording exact, but you get the drift. Looking for a company with a genius for a ceo may not be the wisest investment decision. A ceo is simply someone trying to better their future, just like you. As a stock trader, it's important that you understand what effect hedge funds have on various markets. They have simply made it necessary to take small profit margins regularly to succeed consistently in every market. Hedge funds are growing as a whole and ridding markets of long term investors who are scorned by their losses. It's actually best for investors to shake their fear of the tax consequences of short term capital gains. MYEC is a good example. I was happy to sell MYEC for 100% gains in 2013 and flip occassionally thereafter. Others were happy with their 1,000+% in 2014. Meanwhile long term MYEC investors are in the same boat as many large cap investors that are down over 70%. The bottom line is making money in the stock market is a practicing art. So get to practicing and quit holding long term. Fix the problem, not the blame. ;*)
