Hi valued investors and Speculators,
I started a thread called "Something is Fishy on another share, called FXL" on the 28 April and asked why there is something fishy that the share price of FXL did not go up even as APT and other Buy Now Pay later companies rose. The share price on that day was 72 cents. The next day, it rose 21 per cent to 87 cents and today, it's at 92 cents.
I also mentioned on the next day, maybe I should mention another share in a similar situation and see whether a similar rise will occur.
So today, My something is Fishy share is ECX - Why? Despite a good report out his afternoon, the share price on such a good rising day actually dropped 6 per cent and the volume of shares traded more than doubled as outlined below:
ECX Share Prices
Date
Last
% Change
Open
High
Low
Volume
5/05/2020
0.63
-5.97%
0.68
0.70
0.61
4,010,153
04/05/2020
0.67
0%
0.66
0.735
0.645
1,723,872
01/05/2020
0.67
-7.59%
0.70
0.71
0.665
1,377,306
30/04/2020
0.725
10.7%
0.70
0.735
0.66
3,696,546
29/04/2020
0.655
4.8%
0.62
0.675
0.605
2,177,338
It is the lowest share price of ECX in a week despite a good day overall for shares in the market. Looking at the large volume, could it be ECX's time for shorters to try to make money like they did for FXL. If so, they may need to cover shortly like they did for FXL and the share price of ECX will then POP! Let's see when it will happen!
So I have bought lots of ECX shares today on the same rationale which I previously applied to FXL with great success.may I say!
Regards,
IsdHope
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