Was quite amusing watching the trade in EQH today.No action till...

Was quite amusing watching the trade in EQH today.

No action till 15:15. Then someone sells 25K at 22c, 20 mins. later another sell order for 25K fills the buyer & leaves it 22c offered for 5K. 15 mins. later a buyer for 200K appears at 22c as if to say to the sellers, "Is that the best you got?"

The seller at 23c was cleaned out 10 mins. later & the seller at 24c was overbid in the aftermarket & received 24.5c for his stock.

EQH is one tight stock & has only been tightened up further since listing.

Even at 24.5c, EQH is only capped at $6.2m. Strip out the cash & you are left with an EV of just over $4m - an absolute joke.

I still believe EQH will be the IPO of the year even though PVD at 55c will provide stiff competition. But then again, even assuming EQH were to reach 60c, we are still only talking about a market cap of about $15m with an EV of, let's say, $13.5m - still a joke, especially with about half the stock escrowed.

Guess only time will tell.