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Re: Canechase post# 3217

Thursday, 11/01/2007 1:52:25 PM

Thursday, November 01, 2007 1:52:25 PM

Post# of 22249
I have noticed that in the last few weeks that the volume has been huge to get it up to the .014-.015 area and absolutely no volume whatsoever to drive it back down to .008. I would say short selling perhaps by the mm's but who is doing the buying? What is necessary is what is always necessary from any company....n e w s....and this company is l a c k i n g in that department.
What is interesting, is if you pull up an hourly chart today on ECCI and look at the OBV (On Balance Volume) and ACC/Dist charts you will see a huge spike up on the buying this morning to .011 but a miniscule pullback on both charts on the selloff because of the lack of volume.
It sure appears like someone is accumulating the stock in the last two weeks but the lack of volume needed to drop this stock is absolutely amazing to me.