Good Morning-
Well once again, a pre-released PR drove the price up again, so now when the news comes out for real the price will drop, go figure. I wonder if by Wong releasing the info before it was disiminated to the public as a whole falls under the new SEC rules of "full disclosure"? Should I ask how many times in the past this has happend, where news was released early, then after we got it the price droped instead of going up, because once again the news was already factored into the price, and the "sell on news" was able to be taken advantage of? Casper, you should have also put the post that I replied to on SI, that way, once again, people could see the whole picture, I didnt bring up the Luxemburg thing, Scooby did, and I also told the board that I was taking the end of the year off to daytrade a few weeks ago, so it is no secret. There is nothing wrong with increasing ones cash account, and being able to buy more shares. Lets take my recient trading of ECNC, I invested 36k for 65k shares, sold 56k worth of stock with 10k left, so now if I wanted I could buy 112k shares, plus the 10k I have left for 122k shares, I see nothing wrong with that, but yet people still put people who buy and sell down. Maybe I dont see the big picture, and have little faith in this, but the last time I checked making money was a good thing.
On another note, I got a letter from my Mastercard company, and it told me they are now doing the "No liabilty" thing with their credit cards. If you look at the artical I posted last week, people are still buying with their credit cards, infact, even more than last year, the zero liabilty thing is working for Mastercard and Visa, people are gaining faith in putting their credit card numbers in manualy, I wonder what effect that will have on ECNC? I have read the arguments on how ECNC is going after the people without creditcards, but I wonder how many people would use ATM cards on the internet. What if my ATM card info got stollen, and somone liquidated my account, I would be out of cash and couldnt pay my bills. If I used my Martercard and someone took the information, I wouldnt know untill I got my statement, but I would have cash in my account to pay my bills. I also understand the "bank eyes only" stuff, and how the security is great, but even rogel himself said that the security was only good for 3 years, and how he was working on a new security sysytem. I have also said in the past that my bank offers me 1/2% back if I use my cashcard as a credit card, instead of using it as a ATM card, they make ALOT more money from me using it that way, plus it is protected with the zero liability thing from mastercard. I already can pay my bills at the last minuite with "bill pay" from my bank, so that is nothing new. The brokerage thing I think is there best seller, instant funding of a brokerage account, that way some poor new investor can read a message board, see some great stock and impulse buy it, only to lose it later, lol. I guess you see where I am going with this, the longer this stuff takes to get to market, the less likely it will have a great impact on e-commerce, just my own opinion, and we all the know the saying, "everyone has an opionon, just like everyone has a$$#@$#$!!!!
Happy Trading,
Chris B
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