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Bullboard - Stock Discussion Forum Payfare Inc. T.PAY

Alternate Symbol(s):  PYFRF

Payfare Inc. is a Canada-based global financial technology company providing digital banking and instant payment solutions for the gig workforce. The Company partners with platforms and marketplaces, such as Uber, Lyft and DoorDash, to provide financial health for their workforce. The Company operates in two principal geographical areas: Canada and United States. It provides services to gig... see more

TSX:PAY - Post Discussion

Payfare Inc. > Manipulation?
View:
Post by jojolaser on Nov 13, 2023 10:53am

Manipulation?

I've never really bought into stock manipulation claims for the most part but honestly something doesn't smell right here. Bizarre trading considering last weeks earnings.
Comment by 1condor on Nov 13, 2023 11:41am
jojalaser..I have a couple other stocks that trade similiar to PAY. A lot of traders will pile in before earnings and then sell on the news. Many knew PAY was going to have good earnings so the bet was a good one that it would run into earnings (and it did)...we are now in the sell off side of that trade. Problem is we dont know how low it will dip (all the way back down to 4 bucks?? who knows ...more  
Comment by 1condor on Nov 13, 2023 8:18pm
Managed to pick up some today at 4.75. Will add on weakness.
Comment by 1condor on Nov 14, 2023 11:47am
One would think with such a broadbase rally today that PAY would have caught a bid. Its my only stock in the red today. 
Comment by 1condor on Nov 14, 2023 2:43pm
One big seller today and that is anonymous with tens of thousands of shares being sold. National Bank picking up most of them. I picked up some more today below 4.60.
Comment by RawSienna on Nov 15, 2023 11:28am
 Heavily shorted at a next to nothing cost to do so   https://www.iborrowdesk.com/report/PAY.CA
Comment by 1condor on Nov 15, 2023 12:48pm
Anonymous continues to be a heavy seller agin today...the stock will at best tread water until this seller is done. I sure would like to get more down around the 4 level...but not sure if will get there again.
Comment by 1condor on Nov 22, 2023 6:20pm
Even with the company buying shares the stock continues to drift lower. Below 4.50 the stock is a very good buy...below 4 its a steal. I am even tempted to nibble here today.
Comment by 1condor on Nov 27, 2023 5:23pm
Looks like they have finally bellied up and are buying back some of their stock. Would be nice to see a run to 7 bucks by year end.
Comment by 1condor on Dec 04, 2023 5:14pm
come on PAY management. Now is not the time for you guys to be sitting on the sidelines doing nothing. We have tax loss selling coming at the stock and you need to be there buying into the weakness. If management fails to do this the stock will slide all the way back to 4 bucks. 
Comment by RawSienna on Dec 04, 2023 6:31pm
They bought like 40K shares last week on thier re-purchase program https://ceo.ca/api/sedi/?symbol=PAY&amount=&transaction=&insider=
Comment by RawSienna on Dec 05, 2023 9:34am
Shorts are killing us on the American side https://www.iborrowdesk.com/report/PYFRF
Comment by 1condor on Dec 05, 2023 1:26pm
RawSienna...thanks for the report. PAY has so many headwinds this month. Tough to see them buying back their stock and still seeing the stock rolling over. I will definately be buying more around 4 (if it gets there).
Comment by RawSienna on Dec 05, 2023 2:46pm
Hopefully we get a big announcement on one of those white label deals soon to stop this nonsense. I'm nibbling shares in this area though.
Comment by 1condor on Dec 05, 2023 7:42pm
RawSienna...I am still in the green on PAY but only by a few percentage points. I will think about adding again around 4.50...so getting close.
Comment by RawSienna on Dec 05, 2023 9:25pm
Seems like very little interest overall ATM but it's ok as I don't have quite as many shares as I'd like right now.
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