ECUADOR GOLD AND COPPER CORP V.EGX

Any reason for the big sale?

[nightcrawler000]

Picked up some more but was a little surprised. Thoughts?

[Goldenrules]

Same old story. Someone at TD keeps playing games. TD appears to be the most active house, they keep puttng up orders at $.065, looks like they are trying to contain the price for some reason. Here's a summary of today's trading by houses. This has to be the world's worst stock to daytrade. House Positions for C:EGX from 20150108 to 20150108 House Bought

[Goldenrules]

All the selling is coming from TD again. Somebody needs out at any cost.

[nightcrawler000]

Five cents now. This seems a little drastic. Why sell now is my question?

[BrendanC]

Yesterday, China did away with the import tax on Copper because they have a surplus and it is putting the smelters out of business. By cutting the import tax, it allows the mineral to come into the country to be refined and smelted but then has to exit the country and cannot be kept in storage or reserves. Basically, China has too much copper is the short and long of the story. BUT, there is also

[Goldenrules]

Looks like they're finished selling. I'll post a house position chart at the end of the day. One desperate seller can really make a mess of things in a thinly traded stock. Lots of different buyers absorbed the shares. This was by no means a sell-off, as that would have involved more than one house doing the sellling.

[BrendanC]

Exactly, Golden!   Congrats to those that got in, or back in, at .05 and .055. !!

[nightcrawler000]

Goldenrules, I think someone at TD took your comment about "world's worst stock to daytrade" to heart! lol!