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aus dem w:o Thread zu ECU:
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EXPOSED: ECU SHORT SELLER GETTING SQUEEZED
Bill,
Having been in ECU for over 5 years and watching daily action as closely as I do, detecting "unusual" market action in the stock is not difficult for me. There have been many times in the past where short sellers entered the stock at what they thought was an opportune time to do so and were wrong. Last one to come to mind was early this year when a short seller using E-Trade, short sold about 700 000 shares between .62 and .68 cents, only to have ECU come out with major news and the SHORTER was the one that had to cover all the way to $1.30. Thank you Mr. Shorter.
Now, we have an exposed shorter of major proportions using RBC and house #1, which in Canada is Anonymous, ie. People who want to trade stocks but that DO NOT WANT to reveal their identity using Anonymous. Now unlike when E-Trade shorted in early 2006, the use of Anonymous became only legal and available on the Canadian Venture Exchange in early spring of this year. Thus, those that wanted to play games or simply sell/buy a large position could simply use h#1 to conceal their identity’s. I think it is an unjust law, but it is legal and thus allowed.
This latest SHORTER began his operation on August 9th,exactly two days after the stock ran from the low of $2.15( Friday, August 4th) to $2.75 on Tuesday August 8th, where the rally took a rest. Now keep in mind that CANADA had a National Holiday on the 5th, 6th, 7th, just for those wondering. Now during that weekend (please feel free to look for yourself) the public forum for ECU on Stockhouse was bombarded with a couple of posters hammering away negatively at the stock and stating that "we will see $1.70 next week" (Remember, Friday the 4th, we got down to $2.15 on good volume and there was some panic selling), so these guys were piling on the fear.
Tuesday the 8th, the stock ran from $2.29 to a high of $2.75 and closed at $2.64 as ECU came out with the usual solid news around 11:00am that day. The VERY next day, the 9th, as the stock is ready to open and "gap up" as people have had time to fully digest the news from the day before, our SHORTER, via RBC, offers a 100 000 share block for sale at $2.61 only seconds before the open and then proceeds to offer one huge block after huge block from the $2.50 range to $2.65. Why would anyone trying to maximize their gains sell in that quantity and at much lower prices then the market was willing to pay!!!
The SHORTER saw the opportunity to Short the stock on an "up tick", and fully guessed correctly that there will be major volume that morning given the news of the previous day.RBC NET SOLD over 500 000 shares (have an official trading summary below) on the 9th, which I believe to be ALL A SHORTING operation. Notice how the next biggest NET seller that day was ONLY 35 000 shares. The stock would have ran to $3 that day if not for RBC as there was NO ONE else selling, and given the great news, nobody should have been selling, well not in that quantity!!!
He also assumed that this is August, people are away, and ECU would NOT come out with another material press release for another 3-4 weeks and thus he had plenty of time to drive the stock down when volume dries up that was created from the news. He was DEAD WRONG there, as ECU came out with even bigger news on the 17th and yesterday, the 25th.
Here is a summary of the following days to make it easy to follow:
August 9th RBC NET Sold 508 150 shares-WOW (day a |
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