1. As expected by some of us here, the correction to bleed off some overbought status is happening this am, with gold down 15 to 1183, and silver off 25 to 15.19. Oil, after getting beat up pretty hard yesterday is up 60 this am to 28.54 while the US Dollar is flat at 96.16. The Nikkei was down hard again last evening, following the action in the US pits.
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  3. Week of 2/6/16 Closing prices & Chg Over Last Wk---- Gold $1157.7 Up 41.30-- Silver $14.80 Up 56 ct-- Oil $30.89 DOWN 2.73-- USD $97.05 DOWN 2.60-- Based on near term futures contract--- At JMB Current price AGE $1232.39 (1), SAE $18.46 (20)
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ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression issu)

Discussion in 'PM Trading/Stocks/Technical Analysis' started by prophet, May 9, 2011.



  1. prophet

    prophet Silver Member Silver Miner

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    http://finance.yahoo.com/news/ECU-Si....html?x=0&.v=1
     
  2. anywoundedduck

    anywoundedduck Gold Member Gold Chaser

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    Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    Finally, a CEO of a mining company ready to take action. I am going to send a copy to all of my mining stock's CEO's, urging them to take similar action, up to and including writing complaints to the regulatory agencies. Treading softly does no one any good unless you are willing to follow up with a big stick. (sounds familiar. Where did I hear that line?)
     
  3. earplugs

    earplugs Gold Member Gold Chaser

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    Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    Until the stock market rigging clears (high freq trades naked shortselling front-running etc) I see no reason to invest in stocks of any kind whatsoever including mining stocks. I know a lot/most people out there are in it for money but not me. **** money jmho
     
  4. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    Fortunately, there is Regulation SHO to the rescue!

    What Does Regulation SHO Mean?
    A regulation implemented on January 3, 2005 that
    seeks to update legislations concerning short sale
    practices. Regulation SHO established "locate" and
    "close-out" standards that are primarily aimed at
    preventing the opportunity for unethical traders to
    engage in naked short selling practices.

    http://www.investopedia.com/terms/r/regsho.asp
     
  5. lhslancers3270

    lhslancers3270 Banned

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    Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    Isn't this issue a favorite pick of Bill Murphy? The conspiracy nuts want to put 2 and 2 together.
     
  6. Aussie

    Aussie Silver Member Silver Miner

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    Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    Correct. It's been a perennial under-performer for years. If $50 silver didn't lift this dog, I dunno what will . . .
     
  7. chris_is_here

    chris_is_here Gold Member Gold Chaser

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    Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    ECU is a dog, like many of the other junior miners, because of its horrible capital structure. These company CEO's fund their salaries with share sales, then inevitably blame the "shorts" for their subsequent lack of performance. I use the "shareholder letter" as a big, red flag for any investment. OTC companies have been using this tactic for years.

    Buy the metal and short ECU is what the smart money does.
     
  8. Scorpio

    Scorpio Alpha Centauri Bound Founding Member Board Elder Site Mgr Site Supporter

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    Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    Let's be real,

    Look at its financials, it is burning cash, and it lost money yet again last year,

    and they are crying about the stock price?

    http://www.ecu.ca/pressreleases/2010/ECU FS 2010.pdf

    at the beginning of 2009, they had 242M shares out, which since has expanded to 308M shares

    that is a very large number for a really small company,

    this one is bound to be a underperformer for a long long time

    For comparison, a good company with great production, AEM has 169M shares outstanding,

    no conspiracy here, just poor management

    S
     

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