Feeding village children in Mindanao Philippines and watching my boy and girl grow up.
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Here is another link.
Okay, thanks.
I realize hurricanes lose ground over land. I'm a native Floridian that went through Andrew in 92'. However, I have not heard the term bombing out in reference to a hurricane before. So I learned something new. I did google bombing out and learned it is to flunk out of school.
I see it is now a cat 3 though and some profit taking in BUGS.
Man they are some lucky people. They must have been praying like heck.
I'd recommend you call Jim at IR Complete (their Investor Relations) and get their "spin" on the situation. I am in Hong Kong so I don't want to call.
Yeah, I missed BUGS Friday...limit order put in at the close at .007 which was the ask. They moved it to .008. Being stubborn I left it in at .007. Today I couldn't get it at .008. Oh, well. Such is life.
I think some people sold the cane stocks that were not going to participate in Dean and bought BUGS because they will benefit from Dean.
I knew it. Thanks TAKI.
Only if this holds is it a triple bottom. You can only view double or triple bottoms through rear view mirrors.
Although I bought some at .018 I am not convinced this is the bottom. The acc/dis chart still looks horrible but I took a stab just the same.
Me, too at .18.
ECCI? Why ECCI?
If anyone is interested in filing a complaint here is the link:
https://tts.sec.gov/acts-ics/do/complaint
I know TAKI, but each time I sign on I see posts in "reply" to my comments and feel it necessary to defend myself. I will go meditate now and ignore any comments directed at me.
Peace,
T
P.S. I think you meant to say "support" not "resistance" at .018.
I'll let the performance of the stock speak for me. I was only attempting to share my sentiments with those who were getting hyped up about buying the stock at .022-.024 because of the Dean possibly hitting Texas. The purpose of this board is to share opinions and I was sharing my technical knowledge with some who may not follow technical analysis. If I am wrong about the stock's performance in the coming days I will be happy to admit it.
I know there are those who own the stock who do not wish to read anything that they perceive to be negative, whether it is true or not. I am not like that. I am always willing to hear both sides of a story as long as it is based on hard evidence not just wishful thinking.
Yes, I still hold the stock and yes I think it will go to zero and I will have a huge rightoff. The CEO did the same thing with the other company he was involved with. I already filed a complaint with the sec and I would suggest everyone do the same.
Jimmy, just so you know we are all on the same team. I am very "hopeful" of a "pop" but I wanted to point out the reasons I don't think that will happen as soon as I had anticipated. And the reasons for my post to begin with were to suggest that .015 would be tested soon and that possibly this price would be broken. This was not my thinking a few weeks ago when I got involved because things looked different chartwise (acc/dis).
As I stated before, I will be a buyer in the .015 area when it happens and hope it holds. I hope you are correct in the hopes that contracts are coming but hopes are just that...hopes. As I pointed out...there are many BUGS investors touting the contracts that the company has been suggesting they will be getting...but "show me da money"....
When ECCI disclosed that they had a second contract the stock fell and that was an indication that day that investors were not happy with the results because they won't be making any money out of the situation. Yes, exposure is always a good thing but the company needs money to operate and if those funds don't come from contracts then they must come from the sale of stock, i.e. dilution and then the stockholders suffer.
I will hope along with you that .015 holds this time around.
I have absolutely no idea. The point I am trying to make is that I am flabbergasted at the performance of this stock this last week (not just the price action but the huge volume that was distribution). Something is afoot Watson. I want to see how far down the stock goes this week and the volume action.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=18263107
It seems you forgot your own words.
I stated yesterday that I felt the stocks would sell of Monday, even the ones that did not run up.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22178070
Take a look at BUGS to get a good idea of what dilution can do to a company. 500,000,000 shares o/s and the stock is selling at .007. Is that what you want for ECCI? Oh, and you should visit BUGS message board and listen to the 14mm in contracts that they have coming in the near term. People there would love to see .02 again in their lifetime.
That is another stock that "if" it doesn't move with a cat 5 storm hitting it's back yard (Mexico) then it's over for them also.
Well, I happen to be one of those folks who believe that the hole in our ozone layer is man made and I also believe that there is a better and cleaner way to run our car and heat our house then fossil fuel. I will always believe that and I think the world would be a better place if we all believed it.
Firstly allow me to correct your math: 20,000,000 shares at .02 is $400,000.00 not $40,000.00.
And the point is not the 20 million shares, to me the point is that 20 million shares traded last week and it could not move. I got involved with this stock because the chart looked good from an accumulation/distribution perspective. That chart (acc/dis) fell out of bed last week showing massive distribution.
I hear the story you are saying, but it is just that: a story. I have seen many many many stocks at .02 go to .002 because of massive dilution. Look at the major contract that ECCI got last week "$60,000" wow.
I hate to rain on your parade because I probably own more shares then you do. I am only sharing what I saw transpire on the chart last week. It wasn't pretty and it changed my view on this stock tremendously.
Anything can happen to make me more positive again. Someone can come in and buy 20 million shares and change the acc/dis chart completely and make me feel more positive on this situation. But for the time being I have to say, as I have been saying for awhile. I believe we will see .015 before we see .035. Hope I am wrong. Want to be wrong. But don't think I am wrong.
If this stock could not rally .00001 in a week when a cat 5 hurricane was looking to hit it's HOME state then what in the world is going to get this stock to rally in the face of such massive dilution? Well, the dilution "could" stop and they could come out with a positive PR. But if they were going to be coming out with any positive PR any time soon wouldn't they have released the PR, allow the stock to run, and THEN sell the 20 million shares of stock?
I don't think there is a chance of this happening at this point.
One of the best bloopers I ever saw was to a meterologist who had predicted 8 inches of snow the night before but it didn't happen. So the anchorwoman said "So what happened to that eight inches you promised me last night."
She realized what she had said immediately when the meterologist lost total control and turned beet red.
I agree TAKI and O/S is much higher as well.
I still feel pretty sure it will hit Mexico.
75k short, that seems terribly low. It also shows the o/s unchanged. I don't think it has been updated as I feel quite sure that the action last week was based on a change in o/s numbers. But thanks for the link.
It's hard to believe that we traded 80% of the float last week and ended up unchanged for the week.
I agree with you but I think a quinella is ECCI/BUGS. ECCI is Texas and it appears at this time that southern Texas will get hit with the northern part of the storm where the most devastation is done.
Thanks.
TAKI, is it possible for you to find out the latest numbers on o/s...shorts?
Texas and Louisiana
Things are looking much brighter for Louisiana, as the GFDL model has come in line with all of the other models in predicting a landfall in Southern Texas or Northern Mexico. It now appears likely that Mexico's Yucatan Peninsula will knock Dean down a category or two before it can approach the Texas coast. The upper level low that was forecast by the GFDL to potentially steer Dean northwards appears to be weakening and moving westwards, out of the way of Dean. You can watch this upper level low on water vapor satellite loops. It is the counter-clockwise spinning region that has moved west off the Florida coast into the eastern Gulf of Mexico. If this low continues to weaken and move westwards, it will not be able to swing Dean northwestwards towards northeast Texas and Louisiana. If Dean does manage to catch up to the upper level low, the counter-clockwise circulation around the upper low will bring some south-to-north winds over Dean that would steer it on a more northerly track into the Gulf of Mexico.
My read on it is that they are in need of cash NOW. I don't know how much the o/s went up this last week but someone surely sold a massive amount of stock...21 million to keep the lid on this thing. "If" that was the company then they needed $400,000.00 quickly. One must do alot of speculating to get to the conclusion. If one wishes to be optimistic here then one can assume that the selling is done and no more supply will come in next week to keep a lid on this.
It appears to me that even with the current forecast of it hitting Mexico, that the northern part of the storm will do the most damage. This reminds me alot of Andrew, which I went through in Homestead in 92. The damage was unbelievable and it was a very compact storm. I can not envision that type of situation in southern Texas, which is ECCI's state, and the company not getting some contract work out of it. So "perhaps" that infusion of money was necessary to be prepared for that type of scenario. I would like to think that is the case anyway.
You also have the company unloading stock in massive amounts ....20 million shares of stock could not move the stock last week. Now just how is that going to be overcome?
I lived in Homestead when Hurricane Andrew hit in 92'. We stayed because my wife at the time and her dad were convinced this damn yankee didn't know anything. I kept harping that it would hit Homestead but my in-laws were convinced it would curve north. We both lost our house in that storm and we both made the mistake of staying in the house when it hit. I would never do that again in my life. It had to be the most frightening experience of my life having the house come down around me. I feel for anyone who is going to go through Dean if it is a cat 5.
Yes but each update has it moving further south. They are the last "holdout" for a U.S. landfall.
But isn't SSWM owned by BUGS?