RE: ChartsYou are 100% correct in your post....the fundamentals and techincal aspects of EFG are out of wack, and the current share price/charting does not make any sense to the potential of the company.....Aren't the markets suppose to be forward looking???
I think we the shareholders are letting one particular seller take the better of us, and to date from the past week or so Anon. has accounted for more than 50% of the sell volume IMO! If the share price was being pushed down by everyone equally than I would worry and sell as well.....if one house Anon. is doing most of the selling that makes me wonder and question! I have seen this too many times before with other stocks as well when one house is doing most of the selling and other houses are buying! Someone new or not too fimiliar with the stock market would panic and pull the sell trigger if they saw what has been happening with EFG!
Like I said before, EFG may not go below 0.30......this is the level when we had that 8-9 million volume day with good price movement on great news. Normally a stock will generally test a level like before moving higher.....this normally happens with stocks with great looking fundamentals and not some pump and dump stocks! We will know soon enough if my theory holds!