Payfare Inc. PYFRF

Enjoying the ride....

[1condor]

I posted numerous times in November and December somewhat pounding the table on buying PAY at 4 dollars (in which at that time there was more than a couple entry points at that level). Now I have nearly a double on my hands in less than 6 months. Until something changes I am just going to keep riding the momentum. Go PAY!

[1condor]

Decided to sell nearly half my position (my gains). This is looking eerily like last year at this time where PAY ran to almost this same price and then rolled over all the way back to 4 dollars in a short time.  now.

[1condor]

Sold my other half this morning. So all out now. This stock is rolling over just like it did last year at this time. That 7 level just doesnt seem to ever hold. So the trend is your friend on this one. Good luck to those hanging in there. 

[jojolaser]

Nobody gives a rats a$$ if you sold your holdings in Payfare. Amateur move disclosing one's position. Adds no value to this thread. Post something concrete, not just "I've got a feeling".

[1condor]

jojolaser..When I makea trade on PAY I always sell when it gets to 7. The stock always bumps its head hard at that resistance level. Now back around 5.60 today and still falling. Not an amatuer move whatsoever.

[jojolaser]

Really..did you sell at your $7 a month after the ipo then watched it go to $13, would have left a $hitload on the table. Stock has only been trading just over two years yet you think there is an established pattern, I would call it luck more then skill. 

[1condor]

jojolaser...I dont know what to tell you...but the short term trend is right there for you to see on the charts. This stock is more likely to fall  back into the 4's then rise back above 7 in the short term. Thats how I play it.

[jojolaser]

I understand your point I'm just messing with you for the most part. Actually you seem pretty knowledgeable compared to most of the clowns you find on these chat boards. There are stocks I trade as you do Payfare, but there are stocks I don't, once again as in Payfare. They have business set up in Europe, Mexico and I believe possibly South America. I see huge potential in this company

[1condor]

jojolaser...I wont argue with you on the potential of the company as it does look promising. However, as a trader I continue to see weakness here in the short term. Even though I am not a holder here I will inititate a trade when it dips back into the 4's. 

[Niceneasydoesit]

What about the risk of loosing one? Heavily weighted and concentrated