In my opinion, I think EEGC today is an excellent example of how the market makers manipulate stocks. By manipulation I mean giving the illusion that a stock is moving up or down when it actually is not. EEGC traded almost 500,000 shares today at or above $0.05. It got as high as $0.054 when someone sold 221,000 shares at $0.05. I believe this was a legitimate trade. Someone apparently needed money for something so they sold $11,000 worth of EEGC. I believe the next trade was a manipulation. A trade of 1,700 shares was made at $0.045. This amounts to $76.50. Now, any unsophisticated investor watching the price would have seen EEGC drop very quickly from $0.054 clear down to $0.045. Some novice investors panic when the stock drops and become euphoric when the stock goes up. If you look at what happened next, you will see that the next 500,000 shares traded between $0.045 and $0.048. So the average price of shares before the 1700 share trade was about $0.051 and the average price after the 1700 share price was about $0.047. That's a difference of $0.004. 500,000 times $0.004 is $2,000. Market makers are doing this with several stocks every day so they are probably clearing $8,000 or $10,000 a day. I think you will see EEGC very quickly go back to $0.05 and above at which time the market maker collects his profit. Don't get sucked in by these manipulations.
AI
