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Ecomike

10/19/09 1:25 PM

#118 RE: Ecomike #117

EK may have bottomed this morning at about 4.15/share looking at the chart. I see an indication that expected losses for EK the third quarter are very small compared to the last 2 quarters, so if that happens that should push the stock higher, IMHO. I also see that 2 officers just reported SEC purchases of nearly 1 million shares (shares or options, or excercised options?, see the SEC Oct 14 reports for exact details) purchased at prices (buys at $4.54 IIRC) at well above today's lows of $4.15 as I type. And the latest data I can access at my broker still shows apx 20% of EK public common stock to be short. All these look like a perfect set up for a huge run up in the stock price. Also retail news lately is showing positive signs, which should help the stock and earnings. I am still long EK and considering buying more at what looks to me like a bottom forming here.