My 2 Thoughts for EDV - IMO that there are 2 very strong possibilities here with regards to the action going on in EDV.
1). Banks are pulling this down in anticipation of company requiring additional funding.
or
2). EDV is already a target for a hostile Take Over and is being primed for that.
- Yes,... the share price have fallen from .90 to .66 (27% move) overv the past 2 weeks. But look at the volume over that time period. This whole move is "orchestrated" to shake retail investors. If you have access to Level 2, you can see "same players" on both bid and ask, who have been driving the share price lower.
- If EDV was really in trouble, the volume of selling would have been multiple times of what has been transpiring so far.
- I am 100% convinced that the "share price has been walked down" with a totally unimpressive volume for the sole purpose of either arm twisting the company or scaring the sh#t out of retail investor so that they capitulate.
- And whatever volume was generated has been the same "players" buying and selling to each other "multiple times" during the trading session.
GLTA..