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…
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.61M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $1.083K | 68.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 232483 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 749723 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 232483 | 0.015 |
19 | 5654533 | 0.014 |
8 | 1142818 | 0.013 |
3 | 580000 | 0.012 |
2 | 1225000 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 749723 | 1 |
0.017 | 721685 | 3 |
0.018 | 1072655 | 4 |
0.019 | 983269 | 5 |
0.020 | 1403511 | 7 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
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