ECS Price Action, page-2362

Usually one of three outcomes occur when the SP fires south for no ‘apparent’ reason.
1. Large holder liquidating position for whatever reason they have
2. Market Manipulation for institution/holder to accumulate at lower prices
3. Non-public information being traded on.

I would suspect that 1/2 would be the reasoning here. As Nan continues to add to her holdings, indicating a strong belief in the company and that it is genuinely trading below true value. AK ‘potentially’ responsible in part for the holdings being liquidated en mass.

As long as 3 isn’t occurring, ECS is presenting more and more upside at a heavily discounted price. For me, I know that when Tim Tams go on special I’ll buy a few packs, I know that they were delicious last time I had them and they’ll be delicious the next time, the product hasn’t changed and they’re more affordable. Same happening here, except the product/company is actually better than what it was last time I bought e.g. there’s now 3 2 more Tim tams per pack AND they’re cheaper. Easy to justify purchasing more here, again. Wish I had held off but who was to know we’d keep drifting into the 2s now into 1.5c…