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Friday, September 07, 2007 1:02:26 PM
1. There is a good chance that there will be another hurricane or tropical storm formation in the Atlantic this season. The newly released forecast do predict an "acitve" end to the season. If so, ECCI could double or tripple from this level.
2. If another hurricane doesn't hit, ECCI is worth holding, for me at least, until early next year when the hurricane hype starts up again. I will add to the position on the lows. Further, unlike other hurricane stocks, ECCI is already at the 52 week low and the bottom may not be too far off.
3. The projects in the UK give this stock a glimmer of hope, and will hopefully payoff as a result of all this dilution. If they release additional contract news, and have used the money to build more EC units, then this stock could really pay off in the end.
Or, I could be all wrong and time will tell. For now I am holding.
Just my thoughts.
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