Once again, let's examine the weekly trading of ECU by the usual suspects----CIBC, Jitney, Anon, and RBC.

What's particularly interesting is that CIBC, Jitney, and Anon all showed net purchases and slight profits for the week. You may recall the sudden cessation of selling pressure beginning last Friday May 20th!

"Boyz, see what happens when you prudently begin to cover your months' long massive short positions?"

Only the RBC trades, a recent thorn to ECU, maintained pressure and as a result, showed a loss which will expand when the net -84,816 are covered at or above the close of C$.83.

The question becomes, "Is this the start of short-covering by the naked short entity(s) who have pounded away at ECU for months? Only time will tell, but if this culprit(s) is smart, we will see an acceleration of net purchases with drilling results for the MSZ right around the corner, plus any other corporate improvements and developments ECU's management has up their proverbial sleeve.

Let's not close without recognizing the activity at two other trading houses. Suddenly, out of nowhere, Infamous Penson, of the "last 10 seconds of the day takedown" fame, reappears and dumps 86,400 shares the last two days of the week. These are the only sales of May and it could be a profitable closeout of shares purchased earlier in the month. However, given the manipulative history of trading through this firm, it merits a close watch going forward.

Lastly, special accolades sarcastically go to ECU's appointed Market Maker, Des Jardins. As some entity dumped 170,000+ shares the final two days of the week at a low C$0.812 avg. price, the Market Maker was NOWHERE to be found on the BUY side!

It wasn't that long ago, that Market Makers were expected to maintain a market in a stock they represented by personally assisting on the BUY side when excessive selling pressure occurred, and also balancing the SELL side when waves of buying occurred. This is especially true when the very house committing the trades is involved.

Well, the selfish idiot is obviously only looking out for one thing---HIMSELF, and not ECU shareholders nor the company! It's too bad because he could have made a nice profit for himself had he stepped up and acquired shares that he allowed to trade as low as C$.79 through Des Jardins.

Stay Tuned.....