Over the past 3 days (13 – 15 March, 2013) EWC market movements were quite interesting. March 13: Daily trade approx 3.5million. Price movement: up 2.5cents (or 7%). For the first time in a long while the market depth actually showed a surplus of buyers compared to sellers. March 14: Daily trade approx. 1 million. Price movement: down 3.5 cents (9%). Share price was ‘hammered’ at around midday and ‘pushed down’ relentlessly. March 15: Daily trade approx. 1.55million (1million (i.e. 66% of daily trade was traded between 4pm and 4.10pm). Price movement: up 1 cent (or 3%). During a ‘normal’ trading day’ the volume of shares traded between 4pm and 4.10pm constitute around 5 to 15% of daily trade.
Any comments would be appreciated?
EWC Price at posting:
35.0¢ Sentiment: ST Buy Disclosure: Held