yesterday they were filling @ .04 but you had to wait in line. They were lumping sales together and showing as bid transactions. The good sign is that if this were naked shorted below .04 they would complete the trades instantly knowing they had plans to bring it down into the low 3's in the near future. Notice how the ask jumps up 3-4-5 ticks whenever someone buys at the top price. They seem to want to hold this ground for now..probably somewhat worried about a storm causing a buyinmg landslide. All just IMO of course.
One theory about ecci and the malaise with all the other storm plays is that money poured into all these things earlier than normal this year waiting for the clock to strike 12 on June 1. As if some magical wind was going to blow across Africa and start the cane train on that very day or even earlier. People get bored and ansty and pull out at the slightest weakness and other do not enter because they fear another 2006. Additionally, many if not all of these companies have obviously become wise to the cash flow pre season and have reached in for an early cut of the pie. All in all IMO it has caused many of these plays to revert back to levels of a few months ago providing great entry opportunities if you believe in the predicted storm forcasts. These things have and will turn on a dime.