I don't think anyopne is doing anything, i think that there has been a geniune seller around for a while now.
there was a big crossing at 33.5 (i think) last week. this probabaly flushed out most of if not all of a seller at that level.
We are now back to a fairer trading price and are now trying to break 40 cents.
There is clearly another or the same seller now at this level..
ETC is now in need of an update or some news. I think the market is potentially waiting for another contract. But when and if that comes you'd want to be in the stock as i would say that the shackles would well and trully be released at that point.
another large contract and you wouldnt see this one under 50 cents for long at all.
I've been accumulating
ETC Price at posting:
39.0¢ Sentiment: None Disclosure: Held