Smart Investment - mexicomike.ca

steelpiston71 · Posted: Fri Jul 30, 2010 4:06 pm Post subject:

Strike 3 club, but you do obfuscate very well.

club19 · Joined: 01 Dec 2007 Posts: 130

My points have been made and my credibility re-affirmed in response to the personal attacks I have received and been subjected to unjustly.

In essence been called a liar to say the least.

The news and results of ecu should be posted on thisforum along with opinions. Personal insults as some have been posting should be removed trying to figure out someones agenda is beyond what anyone could ascertain. If this is a forum where only Rah Rah commenys are to be posted...please let the coach say so and I will remove myself.

I have just posted only rah rah comments on B2Gold for know...not getting any flack there...

dirkdiggler · Joined: 27 Nov 2005 Posts: 804

kjm · Joined: 13 Jun 2004 Posts: 1159 Location: Sask.

I thought you guys were asked to stop this nonsense. Stick to ECU news etc.
_________________
Look around the table. If you don't see a sucker...get up, because you're the sucker.

kjm · Joined: 13 Jun 2004 Posts: 1159 Location: Sask.

I thought you guys were asked to stop this nonsense. Stick to ECU news etc.
_________________
Look around the table. If you don't see a sucker...get up, because you're the sucker.

club19 · Joined: 01 Dec 2007 Posts: 130

Steelpiston

Just a few examples of the purchases time period around the 2.00 + level since that is about when ECU Agora started..

Certainly didn't have to look for long..

I do have a good memory..now maybe you can leave the board

Facts are facts

Re: Scoop up the margins.
in response to Scoop up the margins. by Edgy
posted on Jan 09, 08 12:59PM
Hi Guys!

When ECU bid dropped below $2 yesterday at the close, I got a margin call today from my broker BMO. I had to raise $50K to cover that margin in one day even though the stock value only dropped a couple percent. That is the danger of loading up on margin, and I have pushed the limits as far as I could, buying 8K more of ECU yesterday alone. So I do understand that a lot of other people may have found themselves in a similar position today. You either have to deposit more money in your account, or else sell until the cash raised covers your margin shortfall. I chose to sell, but I dumped shares of GS and took a big loss, rather than sell any of my ECU. But I am sure some of the selling in ECU today was related to margin calls from other people.

I have no regrets on my decision to add ECU yesterday, or to employ margin as a strategy even though it backfired on my today. There is risk in most things that we take for granted, and I do not mind taking on more risk to accomplish better returns. Sometimes it goes sour, and sometimes I make a big profit off my borrowed money.

cheers!
silver
posted on Jan 08, 08 07:52PM
The most common question I see about ECU is, when is it going to finally start moving higher again? I have wondered the same thing, and I had figured once gold broke the all-time highs, that ECU and all juniors would go nuts. Wrong...

Now I am rethinking the question, and the obvious answer is silver, not gold. ECU is a silver stock, and although there are some high grade gold veins, most of the deposit area is leveraged to silver. Now silver has not done much during the last year or more. Gold seemed to take forever to break $600, but it has powered past $800 in just a year. It may break $900 this week. But silver has corrected back and then waffled in a range. Maybe that is the key...

It should be noted that the average investors still have no clue about gold, and silver is even further off the radar screen. But it should also be noted that when the move comes as retail money starts flowing in, much of the buying will come from people who are reading analyst recomendations. And the analysts do get it.

So back to ECU, perhaps when we see silver light up and make a move towards $20, which would still only mirror what gold has done in the last year, then I think ECU is on its way. The fact that should never be forgotten is that ECU controls one of the few large, advanced silver projects for which there is already extensive development in place. When investors get into a mania and start scrambling for silver leverage, I would expect ECU to be front and center for a lot of that attention.

I bought 6000 more ECU shares for my trading account today, and 2000 more for my core account.

cheers!

Mike

Re: It is out!
in response to It is out! by Edgy
posted on Jan 24, 08 06:52AM
Hi Ed!

Well its great to see good news come out on day when gold and silver are going nuts too. ECU has been driven down for weeks and this is the first piece of news that we can now gauge the strength of the market. I expect to see the stock bounce nicely today, and some short covering will provide part of that upside.

The numbers are pretty much in the range that I expected. Having Micon as the consultant will add more confidence to the estimate. The potential resource category is what should get noticed, since the upside number presented was somewhere in the range of 800 million ounces, which is world class. If the institutional types were waiting for a confirmed bigtime resource, this is it.

There is a lot of info packed into this news. I am excited that the skarn zone is not even considered in the resource and that the company has disclosed plans to test this in 2008 with some drilling work. I think its also worth pointing out that the resource estimate has documented that the cutoff grade was appropriate because the ore was tested using the recovery circuit to establish the data for recovery efficiency, so its more than just the usual guess that is backing our numbers.

Not a bad year to prove up more than 100 million ounces of silver. ECU stock has taken a big haircut during that time, but anyone who suggests the longs were 'wrong' to be bullish is talking out of his hat.
cheers!

On Feb 23 ECU was trading around 2.00
Feb 23 2008

As for a potential financing, I have no doubt that another round will occur. However, I also have no doubt that management is aware of the need to restrain further dilution, and they will wait for more optimum market conditions before doing a deal. With a profitable quarter or two in 2008, we could go the rest of the year without any equity offering at all. In the meantime, ECU could recover very nicely just on the bullish news of quarterly profits, and from the results of ongoing exploration. So when the next financing is announced, it could very easily be priced at $3 or even above $5, depending on the market conditions at the time.

Re: When trends break
in response to Re: When trends break by reg mills
posted on Feb 28, 08 06:01PM
Hi Reg!
I was one of those people sitting on the bid today and got filled at $2.02 for just a small batch of shares near the close. I am reluctant to chase ECU because I already have a large chunk of my PF in this one, but I figured it was worth grabbing a few more shares on the cheap with silver threatening to break above the $20 level for the first time in nearly 30 years. I think $20 silver will be like gold breaching the $300 barrier back in 2003. It will create an event of sudden awareness that this is in fact a bull market, and debunk the concept that there is abundant silver sitting around ready to flood the market.
ECU is still getting unstuck from the mud of an 18-month correction, but the most important thing to remember is that ECU has added more ounces of silver to the total resource than just about any other junior mining stock anywhere else in the world. Sooner or later that is going to matter again.
cheers!
mike

club19 · Joined: 01 Dec 2007 Posts: 130

Steelpiston

I gave you my response... Period

I don't care whether you like my answer or not !!

BTW...You do misrepresent my post

As I typed
" keep a close eye on ECU. He's been calling ECU a good buy from 3.50 on down and has been wrong all the way down. "

Now you try to figure that out what the range is from 3.50 down to 56 cents and all in between.
Maybe you should leave the forum for misrepresnting my post..

Also..Coach can speak and act for himself.

As far as IKN is concerned...His style may be questionable...but he does call it as he sees it and with better results I would say.

Not too many left that can decipher the BS from the truth and tell all about it.

coach247 · Joined: 08 Apr 2004 Posts: 7640 Location: Milton, Ontario

I have met Wistar Holt on a number of occassions, and I think he is a gentleman, and a shrewd investor. I make think this hosility on the part of that blowhard Inka is just more nonsense that does not belong in any stock discussion. One does not have to discredit IKN on a point-by-point basis, it is sufficient to just let him rant and he will eventually undermine any credibility he may have with his own immature behaviour.

cheers!
mike
_________________
Its only a gambling problem if you are losing...

steelpiston71 · Posted: Thu Jul 29, 2010 10:30 pm Post subject:

Club said: "He's been calling ECU a good buy from 3.50 on"

Coach said: "I have not been issuing recomendation on ECU since $3.50 as he stated."

Show us where Coach said ECU was a 'good buy' at $3.50 or higher.

Something like, "Hey guys, I just picked up some more ECU at 3.54, despite the run up, I still consider this price a good buy."

Refine your search to Sept 2006, which appears to be the only area on the chart where a stick pinned 3.50 in the history of ecu.to.

If you can't find the quote, leave the forum.

club19 · Joined: 01 Dec 2007 Posts: 130

IKN blogger sure is consistent with his view on ECU, this is his latest comment on ECU

http://incakolanews.blogspot.com/

ECU Silver (ECU.to) down 3.6% at $0.54. The encouraging news is that Wistar Holt is suffering as the arrogant, foul-mouthed bullying dumbass should. The negative here is that the market still values this worthless hulk at over $150m mkt cap, which shows how silliness can stay in the system.

club19 · Joined: 01 Dec 2007 Posts: 130

What has he disputed ?? The interpretation ??
He's been divulging his buys at various levels from 3.50 on down...I call it semantics..
I have made my point and he does not dispute his buys just the interpretaion of what they represent. To the uneducated and sheeple it means the same in my view. I would think his purchases at those various levels he did because they were a good buy in his interpretation.

So what are you trying to say...are you speaking for him ??

Looks like another attack on me and condoned by the silence of the monitor of this board. I guess I have hijacked this board according to coach...

As coch re-iterated many a times in his post...tough !

steelpiston71 · Posted: Tue Jul 27, 2010 11:06 am Post subject:

Club, you said: "He's been calling ECU a good buy from 3.50 on..."

Coach disputes that.

Either you prove this or leave the forum.

coach247 · Joined: 08 Apr 2004 Posts: 7640 Location: Milton, Ontario

If I did not honestly and accurately post my own trading, then I would be attacked for breach of disclosure. So obviously it does not matter what I do, there are some people who are going to find issue with it. Tough. Because some nutbars choose to decide that I am an expert on a stock does not make it so. Tough. How some people interpret my intentions is beyond my control. I do my best to provide fair and grounded commentary on the stocks that I discuss on this forum, and if that is wrongly interpreted as a recomendation, tough. The law says otherwise.

I am frequently sharing information that I think is bearish about ECU. Unlike Clubby, who only speaks out one side of his face, I do provide input on some things that I am concerned about with ECU from time to time. That is reasonable, since no company is perfect and ECU certainly has its share of issues to resolve. If that is not good enough for some people, or they have missed it, tough.

Once again this thread has been highjacked with personal tangents and circular arguments. This thread is about ECU, not about Coach or Club. Any further posts on this thread that do not concern the company directly will be deleted. This is fair notice.

I think my position on this stock is very clear:

1) The resource is among the largest deposits in Mexico and remains mostly undeveloped.

2) The discovery potential for further expansion is impressive.

3) The company has demonstrated economic viablility of the various ore types through real world mining and processing activity, which is rare for most large deposits.

4) The company has begun to improve operation performance and generate recurring revenues that may fund the next phase of development. The trends for the last year or so is increasing production, and improved efficiency of its processing and recovery operation. Both of these trends support a much stronger company going forward.

5) At some point I expect the price of silver to break out, in which case all juniors with leverage to silver will likely trade at a multiple of the current price. Even the turkeys will fly at that point. Therefore even if ECU does not turn out to be the miracle success story that some hope, it may yet be able to set new highs just on the basis of new money flow into the sector.

I own shares of ECU, and have done so for many years. I have not bought or sold any shares for many months. ECU is a paid advertiser on this website. I do not think the company is a threat to become insolvent at this time, and I do not expect to see a share rollback and consolidation. I think the shares will trade in line with the rest of the sector until the company provides more detailed disclosure on the financial performance of its operations. I plan to stay invested and allow the company the opportunity to realize the potential as a producer.

cheers!
mike
_________________
Its only a gambling problem if you are losing...

club19 · Joined: 01 Dec 2007 Posts: 130

Coach...
I take issue of you saying I misrepresent you...
Are you insinuating that you did not advertise some/all of your purchases of ECU whether it be over/under 1.00, over 2.00 and anywhere in between.
By advertising your purchases, you who should should know more about ECU operations being so in tune with the company, is that not like a recommendation ??
If Buffet advertises he's bought a chunk of GE..what does that imply...not putting you in Buffet's category..
You also being so close to B Murphy, he's advertised how many times he's bought ECU..I remember how ecstatic he was getting a deal at 1.90 and advertising such on his site. BTW, I will be taking his offer of 100.00 rebate on the next subscription.

You have advertised your purchases..even on your own forum..so please do not pretend to tell others that I misrepresent. Of course you do not force people to buy ...but when you consider yourself an expert on ECU and even post about it on Midas, never in a negative manner....how are people to take that ? As a recommendation not to buy ??
I believe you are misrepresenting the facts, not I.

You have even advertised your purchases on stockhouse in the past, so please keep your misrepresentations to yourself.

The last news release, how credible can one take that ? It is hardly an independent report or coverage since it is a paid advertisemnent as disclosed...so the last NR by ECU as I see it, can be considered advertising an advertisement.

As far as a broken record is concerned, I have brought up the latest news release and what I thought about it. On the same note of ECU, you can be considered a broken record with your views.

dirkdiggler · Joined: 27 Nov 2005 Posts: 804

Hey Coach, your point is well taken. Anyone that attempts to trade in this sector needs to understand the risks.....those that don't often blame others for their misfortune.