With my one and only post today I wanted to repost something from Mikecharb that I believe is spot on:
Mikecharb Sunday, 12/29/13 09:48:49 AM
Re: None
Post # of 56223
$MYEC up 75% in 3 days on low volume!
The volume was approximately 25 million for those 3 days...
The average volume before these 3 days was around 7 million/day.
In my opinion, at least 15 million of those shares were purchased by excited longs who kept accumulating and have been accumulating and waiting for the inevitable big run to multi-pennies for several months.
At least 5 million shares were bought from people who had been following MYEC from the sidelines.
This leaves a maximum of 5 million shares that may have been purchased by "leaders" and their "followers".
I have noticed at least 3 new "big wigs" appear on the board during those days. How many shares were they able to grab? 1 million each? Where are all the followers? How many did they get?
I see some predicting that this will tank back now because of the "new groups". If this is the case, I hope the new groups are happy with their $200 profits. Maybe they can have a pizza and pop party to celebrate.
The reality here is that the float is locked. Accumulation has been going on for months. MYEC has gone up 75% in 3 days and we only saw 1-2% of the float be traded daily. With all the action that we have seen here in the past few days, that is unbelievable... There is only one explanation, and that is a locked float.
We are still in the warmup phase here, ladies and gentlemen. The marathon starts with news or the annual report.
Ed is starting to talk more now because the table is set. Big things are already happening behind the scenes and will start coming out soon. They will hit the markets in quick succession and take us to where we want to go.
Going live with major clients
Audited financials
Hiring of upper management sales team
Annual report
Forward guidance
IR team
Uplisting to senior exchanges
I'm very happy to say that I will be around for every one of these events... You should be too!
$MYEC 2014
AI
