MyECheck, Inc. (fka MYEC)

[upperdivision]

That recent run was fueled by chart traders, flippers, and momentum buyers. A pullback was inevitable. While some people may have been converted into longs, it would be unreasonable to expect everyone to do their DD thoroughly enough to believe in MYEC's future. Think about it, the company went up in value by almost 800% since the beginning of the run, and all they did was announce an MJ pay system that will be ready in 2 months or so. While that was a great business move, the run was fueled by hype, which isn't sustainable. Also, these new price levels don't justify the O/S count, IMO.

Personally, I believe in the future of this stock, and I will be long next time I pick up shares, but I sold into the run because it just wasn't sustainable. This went from a fundamental play to a technical play way too fast for my taste. I'm looking to buy back in once the hype is gone, as I truly believe in MYEC. Maybe I'll miss my entry, but I never chase.

Good luck to everyone. We're all just trying to make money here.