The vision you require to be a long-term holder of ECU.to
ECU Silver (ECU.to), the scummy joke of a silver stock that's been pumped to hell and beyond by Mexico "not-on-the-payroll" Mike and the GATA personality cult for at least three years (and possibly longer, but I started to feel nauseous while doing the DD) , is on the move again because (hey wow!!) a $230m market cap company managed to sell $2m worth of metal in a month (that's gross revs people....the net on that won't be enough for a pizza if history is our guide).
Now up to 77c on the pump-o, ECU.to is on my radar because I have a short on the stock. That short is currently 100% covered and inactive but if we check the chart....
.....I can guarantee it will go fully uncovered and active if ECU.to reaches the magic 90c barrier. If you want to know why ECU.to has so much trouble at the 90c level, just check how many of its non-issued shares (i.e. options and warrants) overhang at that level. We haven't even started on the ridiculously heavy debt load ECU carries, either.
So the instruction is; if given the chance, short ECU at 90c. If only all investment opportunities were as straightforward....
Now up to 77c on the pump-o, ECU.to is on my radar because I have a short on the stock. That short is currently 100% covered and inactive but if we check the chart....
.....I can guarantee it will go fully uncovered and active if ECU.to reaches the magic 90c barrier. If you want to know why ECU.to has so much trouble at the 90c level, just check how many of its non-issued shares (i.e. options and warrants) overhang at that level. We haven't even started on the ridiculously heavy debt load ECU carries, either.So the instruction is; if given the chance, short ECU at 90c. If only all investment opportunities were as straightforward....