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ECCI. #1 Hurricane Percentage Play
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[QUOTE]Originally posted by MillerTIME: [QB] HOLY SMOKES! Unbeivable. i Still own all 104,400 shares. So all yall who are crying just think of me LMAO! It really has reached the point of, not even worth selling. The RSI is the lowest its been in over a year and its at 25! Way oversold. #1 (knock on wood) but this is a complete RETAIL FIRESALE. Tons and tons of people bought this up back in the mid summer and now they are selling out and getting scared. THIS IS NOT DILUTION. DOMS IS THE DILUTER as many of us know by watching a couple of weeks back. He is at .16. Next, what is occuring is just not any buying pressure. Nobody wants to buy it because there is no hurricanes. But people are selling. No buying and some selling = price drop. Add to the fact it keeps dropping and people keep getting scared. If you look at the chart from last season it didnt even really drop during the off season. Lowest it went was .07 so if it really comes to it, i may even think about holding it. LMAO. WOW. Now, the FUNNY part. we are ONLY 10 days past the peak. About 3 hours ago they named a new 96L invest that is expected to develop currently into a 110MPH Hurricane. The thing with this, is look where it is, it is the farthest S storm yet. It is below 10N and on the same latitude as Northenn South America. And there is also a Wave Train coming off africa within the next 3 days. THe place to keep an eye out is the GOM and caribbean these days, as all the development will mostly hit S Florida. And some meterorolgists are worried about this front that is coming down, and thinking it may stall once in the caribbean. Creating Tropical Storms. Well i will be back, i dont blame ANYONE for selling because this is some crazy ****. Good luck to all. And here is the thing, once/if a storm develops that threatens land, the selling will stop and the buying will go crazy as we are way oversold. I honestly think it wont take more than 3 hours to get it over .1. Then who knows if it will get back to its old highs of .17. i doubt it. [/QB][/QUOTE]
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