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Wednesday, 08/11/2010 2:22:48 AM

Wednesday, August 11, 2010 2:22:48 AM

Post# of 7272
ECPL - Turning Into A Sub Penny Superstar

Dear Valued Member,

What an action packed trading day for the darling of the penny stock community, ECPL. The price action was red hot in the morning trading session that saw shares rise to a high of .0024 on the back of solid volume, the liquidity here made it easy for individuals to trade ranges and take profits. For members that dove into the action from our initial alert of .0007 just last Friday and cashed out at .0024 witnessed their portfolios grow by 242% which is not too bad in our opinion. Although ECPL cooled off in afternoon trading and saw a relatively weak close of .0012 - SGI thinks that the next bullish leg will take shares to higher levels.

ECPL has been on a bullish tear on the charts and today's high was met with profit taking from those traders that entered at much lower levels - when a stock runs up over 200% in a matter of days we all know that a day of profit taking is going to happen. Interest remains high in ECPL and the accumulation shown on the charts has remained solid, today's pullback has given many the chance to gobble up shares at lower levels in anticipation of the next leg to come. We wouldn't be surprised to see ECPL enter a consolidation phase for a day or two to solidify support levels and churn through the flippers and profit takers before gearing up for another bull move.

A tight consolidation phase can be followed up by a much bigger bull run and with sub pennies the momentum can really push the share price to higher levels. We had the same situation with AVTI and we wouldn't be surprised to see ECPL act the same way in regards to its price action.

News can definitely impact a stock in a positive way and with sub pennies news can prove to be explosive for the share price. ECPL put the wheels in motion when on June 8, 2010 they issued a PR stating they have executed a multi-year purchase contract with Converse and Co. for the projected output of a to-be constructed biofuel plant. The technology utilizes an environmentally friendly process for turning brown trap grease from restaurant waste into a high-quality solid fuel that can be employed on a stand-alone basis or co-fired with other fuels or biofuels. The fuel can be used as a coal substitute in steam-powered electrical generating stations or for industrial heat over a broad range of applications in areas such as food processing and cement manufacturing.

Members can re-read the PR by visiting http://finance.yahoo.com/news/EcoPlus-Inc-and-Converse-and-iw-519793991.html?x=0&.v=1

Now, we know that ECPL has got the wheels in motion and we are now looking for updates and a follow up on the biofuel plant so that the company can gain traction and the share price can pick up speed to higher levels. News here can come any day now and if the company surprises us all by dropping a PR at current levels - those on the sidelines could be left in the dust or chasing the share price to much higher prices.

So put ECPL on your watch list and radar if you haven't already and remember that being a proactive trader is always better than a reactive trader. Don't blink because the share prices can boil higher in a flash.

Remember as always, keep your emotional trading side in check and trade wisely.

Thank you for being a member of Skylab Global Investments.



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