Definitely a larger player offloading atm. This person deliberately waited for almost 2 hours for the bid to build at 4.9 before taking all of it out. Depending on the size being shifted AND the illiquidity of the stock this will annoyingly put a cap on movement until they are gone. Then again its not like people are queing up to buy either.
Given the production record I personally think this is pretty short sighted BUT I dont know the full picture in terms of costs.
Either way once they start showing profit its a gimme to start purchasing because, try as they as might, the market cannot ignore net money flowing into the bank for long.
EQR Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
