In my opinion the majority of 'investors' are people who spend all their time looking in the rear view mirror, and that applies to the entire sector as well as to individual stocks. Instead of taking the entire story and evaluating on the basis of the share price today, they look where they have bought in and get upset. This leads to missed opportunities.

The most oft-repeated rule of thumb is that a bull market carries the fewest people along for the ride. Why is that? Because people get impatient. The fail to understand opportunity. They want it easy.

I look at ECU and feel that the company is much stronger today then when the stock traded above $2. And I know the story in detail, I understand the operating side of the biz, I consider the total resource and the grade in the context of current metals prices, I factor in the share structure, the debt on the books, and the valuations of the peer group. So to me at $1 its a screaming bargain even with the various issues that are still in doubt. My decision was easy and I doubled up my ownership of this stock in my PF.

Now I get it that some people are discouraged by the long correction, the drama that always seems to come up with this story, the bashing, the shorting, and the frequent selloffs. It is very frustrating that ECU is not trading higher. But that is also what I see as an opportunity. If the stock was fully valued and loved by the market, I would not be buying more here.

I do not write this to try and encourage the weak people that are fed up and ready to sell. I have stated many times in the past, I do not care whether people read these forums and buy, sell, or do nothing. ECU will do what it is going to do with or without me or anyone else on this forum. It remains to be seen if that potential I believe in will happen, but it sure as hell is not gonna matter whether I stay on board, or continue to post here.

With all of the above in mind, I just wanted to point out a few comparisons. IPT, GPR, and GCU are all stocks that I have owned for many years. Each of those stocks went through long corrections that had investors pissed off, and people questioned the wisdom of holding on while so many other juniors were running. Off the top of my head, I would guess those three companies have outperformed most other stocks in the world lately, not just the peer group. I do not think there is anything about ECU that prevents it from making the same kind of move in the future.

When I get bored I go back and read the comments about IPT on my forum. Just a few months ago some people were predicting the stock would drop back to 50 cents. I just kept on buying it, knowing the story and expecting that the market would get interested. And it did. Tough luck for the people that sold.

People have been questioning silver fundamentals since the start of the bull market. Some people even a few months ago were calling for a retracement back to the $9 level. WTF? Tough luck for those that sold.

A bull market does not hang around and wait for weak investors to figure things out. But the biggest moves tend to happen when the majority of weak investors give up and are no longer a part of the story. That means there are no sellers left on the way up. So if that jjet dude wants to point a finger of blame and is tired of seeing bullish comments, he can go pound sand. I do not give a big rats ass what he thinks of my opinion and whether he lasts long enough to make any money in this stock. Lets see what the drilling comes up with next month...

cheers!

mike

Voluntary disclosure: ECU has a paid ad on my website. I have not spoken with anyone at the company for several months and my comments are my own opinion as an individual investor.