Courtesy of notty_investor on one of the 88e threads, he had this to say and it may or may not be true in EGO's case although imho I think liquidity is a big issue here rather than what notty implies.
Sorry guys, I think, it's all my fault. Whichever shares I buy, they just go in reverse mode, even after having someone's resource go up by 300%........Now, if that isn't wow, nothing else can ever be. ASX is controlled by robotics computers and its hugely manipulated now-a-days. Earlier days, when the good news would come, investors would grasp it and value the SP accordingly. Now-a-days, lots of games are being played, good news means SP reverses, bad news means SP goes up. I just give up. Not on this share, but on the strategies people / big instos employ. They never let mums and dads investors gain anything. But, from my little brain, I understand this is huge news and I'm holding it until the final game is played (i.e. until T/O). I'm throwing my commsec password away and will look back in my account in 2017. Good luck to all!!!
DYOR
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