A rather confounding week in EQH - a reasonably large volume of...

A rather confounding week in EQH - a reasonably large volume of 157K on Monday, followed by a total cumulative volume of 20.5K for the remainder of the week. This is the lowest cumulative 4 day trading volume since EQH has listed.

So, what does this mean? Following a dramatic rise in the share price - 500% in less than 2 months, you would suspect that this is the stock taking a bit of a breather & consolidating.

Assuming it holds these levels, it will have been a very tame 25% consolidation of the whole move. However, one would suspect that these days of tiny volumes will not continue forever; something has got to give - to the upside or downside.

Given the tightness of the register, I am of the firm opinion that the next move in EQH will be the continuation of the upward leg. I don't believe that there is anyone holding any substantial quantity of shares who is not a friendly party & happy to be along for a big ride. Now you may feel 500% in 2 months is a big ride but it may only be the first innings in a multi-innings game.

I believe this to be the case because of the gifting of the 20% of Oyabi by Ikin. I believe he was willing to relinquish this for next to nothing because he is a businessman with a substantial shareholding in the company & realises he has more to gain with the asset 100% owned by the company.

The EQH game is unfolding. I have no idea what its next turn will be. Applying a bit of logic to the facts at hand, I would think we have less than a week till this game becomes clearer.

As an aside, did anyone notice how when the stock went 82c ask, it was bid again at 82c within 30 seconds? The board is thin, with, as always, the ask side much thinner than the bid side. Don't let the small bids fool you though. There are parties out there watching EQH like a hawk, ready to pounce on unsuspecting, or impatient, prey.