RE:Bought more todaywho knows what is driving the price down. could be small retail investors throwing in the towel, could be bigger institutional investor slowly liquidating their position. if i put my tinfoil hat on i could also make a case for Skyline trying to drive the price lower in order to increase their ownership stake at a price lower than $3.05. Not saying this is happening, but i've seen a lot of shennanigans in the small cap space in my time. If I'm Skyline and I liked ECN enough to pay $3.05 for a chunk of the business then i like it a whole lot more at $2.35.
At some point the selling has to stop but i don't see any major catalyst that is going to drive the share price higher in the short term. there aren't many analysts covering the stock and a lot of institutions can't invest due to the small market cap. Maybe with a better market backdrop for financials things may change.