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Author Topic: ECGI
qqqtrader
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What a great day for ECGI. Anyones thoughts? I think this is a company that will be here for a long time. I am considering buying in tomorrow as it was on my radar....but now Im not sure if its too late. Anyone think this will retrace? I know long term its solid!
GOOD TRADING!!!!

Posts: 38 | From: AFB | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
Chicoman
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Jumped in and out of this one yesterday on a quick daytrade. I'd expect it to drop slightly here could even dip back to low to mid $.80's in the days ahead which is where it was yesterday before the pop. It is a good company with a good future tho.

Don't see much of interest today...but it's early and I'm still lookin.


Posts: 315 | From: New York, USA | Registered: May 2003  |  IP: Logged | Report this post to a Moderator
qqqtrader
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Wow! Im really happy I stayed on the side lines for this (but real close to getting in). Does anyone know what happened today? I couldnt find any news to compliment todays action. High volume with a 25% decline. What did I miss?
Posts: 38 | From: AFB | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
Art
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Probably panic sell off.
Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
Chicoman
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14MM shares added to the float and $11.7MM cash raised for it. The company intends to use the cash for acquisitions to enhance shareholder value. It was a panic selloff and it doesn't dilute the value very much IMO.

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Art
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Thanks Chicoman for the info on this thread, and the other thread on ECGI you started.

I am in at .74 and like it much over coming weeks.


Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
   

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