Splifka's Profile
Splifka's Posts
Gentlemen,
Long time holder of ECU/AUM and reader/admirer of this board, and if I may, it seems to me that there has been a considerable amount of indiscriminate dumping going on in the speculative space, especially for those companies that are somewhat strapped for cash.
Forgive me for offering heresay, but many of my colleagues in Europe who work in investment and finance have commented on funds being pushed to liquidate in an effort to both raise liquidity for redemptions and just simply get out of the market until a bit more certainty presents itself.
Irrespective of whether I think AUM is a good investment or not, I think it's fair to say that AUM falls into the category of speculative and, as TD's most recent report noted, will most likely need to raise capital, all of which making it a prime candidate for a fund to cut it loose.
Why today? B/c it was such a big up day on gold and who ever was doing the dumping probably thought there might be a bit more volume to sell into.
Just my two cents.
All the best,
Splifka
Greetings,
Long time lurker, first time poster and big time holder of ECU.
I would love for someone to explain this to me...
Action:
Buy
Quantity:
2,500
Symbol:
ECU - ECU SILVER MINING INC
Market:
CA - Canadian
Price:
$0.78
Order expires end of:
29-Apr-2011
Special Instructions:
There are no special instructions
Reference Number:
VF*9946
Status:
Open with 2,500 shares remaining
Order Date:
29-Apr-2011
Time:
9:57:34 AM EDT
Order was placed with TDWaterhouse.
I would also like to take this opportunity to say thank you for all the fantastic info and support that each of you have been offering this forum for sometime now
All the best,
Splifka