Banks are in a classic business cycle of improving efficiencies to improve profitability. This is a unique situation where Mitek is in a honey hole to reap the rewards. Note Debello commented..no competition...yet; this will be our worry in the longer run. I liked Tisa as well but now they are looking at a secondary so that makes it a bit cloudy over there.
Here is a thought.....I thought Debello sold the shorts the secondary but nobody actually covered...so thats kind of odd... but maybe they bought the secondary as a hedge and hold on their short position and are now using their short position to cover and muster their long position higher. Its still a hedge but it changes who is in the trap.
This would put retail shorts in a very bad spot.
I think they manipulated you right out of what was a good find. These anti China manipulators are ruthless and quite good at playing big games. West coast Hedge funds...my guess..they pride themselves on making you think the worst. They got a psycho shrink just hammering the unexpecting..retail guys.
Being on the board they have enough access that they would know. Given all the past they should know what to look for. These people listed their core customers who in many cases are external to China. This would be a pretty easy way to verify actual revenue. Companies like LIWA are all internal customers and this gets much more difficult to confirm. Not saying CXDC is clean as a whistle but with external customers their should be some measure for business confirmation.
What company in China releases its financials on a Friday after market close and discuss on a CC on Tuesday... I mean really...
I show bid $6.04 ask $6.37 pretty sure it is right
Surprised with 6 million shorts there seems to be no effort to push it back... maybe later or in the am.
Indeed, I love the technology, Debello can make mends with delivering the goods. I admit he has done well. I hope we can end the USAA deal soon.
Very soon the fuse is lit on the shorts tick tick tick or is that click click click and send. A million checks a day coming soon. I noticed chase has an app to take pictures of travel bills and apparently insert into expense statements. Is this a mitek app doing the capture and conversion? Just the beginning, just the beginning.
Is right twice a day. Unfortunately, they don't need to be right. They just need to make some think they might be. It's a pretty sour way too make living...the illegitimate with COI ,claiming others are a fraud.
About 50/50 here same relative dollar amount but more Tisa shares. Did not really intend to have so much but I believe it's an interesting space. Both appear to be in the right spot at the right time.