Hi all;

I'm in the middle of packing to go to Ireland while sorting out a care package for my 86yr old dad who is very poorly; so not much time to post much. I just spent a few mins on the ECU chart before looking in here, which appears to be following a rational trading path.

I agree with our friend that we probably have massive short trading on this stock due to announced dulutions over many years; and that many private investors will be put off by the chart which looks poor compared to others (not everyone is a contrary- value investor; many want to feel they're in something which looks as though it's going up even if it costs more money to do that or has less potential).

Anyway back to technicals, best seen on the weekly chart over three years; we have a formal break out from the down trend, a retest of the downtrend, and the recent commencement of a new uptrend. The way I read waves - suggests that dependant on support for the stock (which might come from short covering depending on the company) ; this new move has the potential to take ECU right back into the mid 2's or even 3's. That's based on the amount of time taken trending sideways and forced sideways trading if you like. We have according to the moving averages the potential for a bullish cross over which if nothing else alters will happen early next year, but a move upwards on the same diagonal of the most recent break outs, implies trading well above the cross over on an earlier time period.

If there was any dialogue with the company on this situation, it has to be about funding vs dilution, followed by public discussions about the possibilities of future dilutions (knock it on the head)

AP