Now here is my "Call it as I see it post". I will try and support my conclusions with FACTS.
[Note: 1 Traders opinion. I am not a Financial advisor and as you know I try and say no-one is perfect in predicting trade price outcomes]
Let me go through some scenarios that I have considered for my own wash up from today, both FOR's and AGAINSTS.
POSITIVE: NEWS
EVE NEWS: Over the past 2 months EVE Investments have released a series of IMO, POSITIVE ANN's
1. NSW Grant for Honey Research ASX ANN
2. MEDIC Honey Produces a Hemp Seed Honey ASX ANN
3. Australian Government legalizes edible hemp for growing, manufacturing and Sale. AUSTRALIA MEDIA NEWS.
4. A Supply Agreement announcing Meluka Health's involvement with Large producer of Australian Organic Honey announced. ASX ANN
5. Eagle Health announces production of Omni Pre-Meal Diabetes Shake has begun on Xiamen and will roll out in strong production in December. ASX ANN for EVE.ASX & EHH.ASX
6. Prospectus for 2018 is released. ASX ANN.
SHARE TRADING:
1. On the 23rd November EVE began to show signals of rising to break through its resistance walls @0.11 and .012
2. By end of trading on December 4 EVE had continued its climb showing good trading support to finish at 0.028
3. EVE is expecting an imminent ANN in December regarding one of its investment projects. (twitter posts and members of H/C conforming with management through phone and email.
NEGATIVES
NEWS: No BAD ANN's in past 2 months. IMO.
SHARE TRADING:
I will address this with a series of question/answers (aimo) assumptive and factual.
1. Was today's price manipulated or played? IMO it was combined with some panic and profit taking.
2. What proof do you have? Stock shorted @2.92Million shares ASX Short List December 4, 2017. The evidence of large buy ins sub 0.028 in past 2 days and then big dumps @0.031/.032 this morning in first 39 minutes of trading which drove the price down to 0.022 in a positive trading environment. Refer my earlier posts on trading through the day.
3. Could people have just been trading out for a profit and not playing games? Yes..absolutely. Posters have suggested as much.
4. Could the price have fallen MORE quickly due to conditional sells being triggered on the fall? Yes! Posters have suggested as much.
5. Could this fall lower in price to 0.017 or 0.012 as some have suggested? Of course. Penny stocks are highly volatile and can retreat back to lower support levels; but, in the absence of any bad news why would you sacrifice profits so drastically and what catalyst is there to support such negative trading other than positioning for a lower buy-in knowing the company's fundamentals are solid??
6. Do I know how it will perform tomorrow? No. But if the Buyers stir on the BULLS and are back in charge, AND if the company times a good ANN then this ticker, IMO, has a good chance to recover and send the price Northwards again.
EVE, from what I have read, has lots of good things going for it coming into December, and going into 2018.
It is my hope that people don't fool with it too much and spoil a potential good performer. Just AIMO.
(20min delay)