Sooooo my commentI noticed ISTINET sold a few weeks ago about 90.000 shares into the bid what caused a drop from 0,82 to 0,72 (for the first time).
Today they dumped shares at the beginning to bring it down to 0,60-0,65.
They had time enough (nearly the whole day) to sell their shares in this range, but they waited for the last minutes to dumb more shares into the bid which brought the price to 0,55.
One thing is for sure: This is strategically planned.
And the other sure thing is: We don't know what's the plan...and why it happens. But all answers will be given over the next 2 months. Some at the end of february/march>> Condor, Warrants, Brazil.
As of feb. 1st nobody was short on this stock. Let's wait for the new shorting summary.
I simply can't explain what happened today.
But always think about why you bought EC
1) did you like the chart ? the long term uptrend which drove us to 1,35?
2) or did you buy because of rio zarza drilling?
Till date we have no bad news and so everything is fine right now.
I am here for Rio zarza and have time enough to lean back and watch this whole story. As long as Rio Zarza is ACTIVE i have no problems with these ups and downs. This is a normal part of the venture...and normal part of your life. Ups and downs.
WAITING is the hardest thing for most at these boards and all about psychology:
Anxiety Makes Waits Seem Longer.
Uncertain Waits Are Longer than Known, Finite Waits
Unexplained Waits Are Longer than Explained Waits
Conclusion:
We no nothing at this moment and all we have is the technical report on hole.5. All other things happening in the near future are speculation. So let the news build this story. If this is a plan to accumulate shares....we will see a very high positive volume day in the next weeks which will bring all the shares they accumulated since january "in the money" in one day....what really should't be the problem when you look at what power they have to bring it all the way down. Sounds like the x-files i know. Time will tell.