I watch the trading all day long on a tick by tick basis. When the DOW is weak and the metals are flat, the PM juniors are usually dead in the water, and very limited buying presure exists. The simple daytrading scam is to put up a huge block on the offer, thereby forcing anyone that wants out to sell below that block. Then small batches of stock is short sold into the market, walking the price lower through the day. The combination of lower prices plus ugly market depth shakes out more sellers.
Later in the day, the short position is covered, and larger bid blocks start appearing. Anyone with level 2 can see this happening right now in real time. By the close, ECU will often be back where it started the day. However a few players will have accumulated cheap shares, or successfully executed a day trade for a tidy profit.
I have seen this sort of thing go on day after day for a long time. As a long term investor, your choices are to sell and find somewhere more stable to invest, or to ride it out, knowing that the trading is a function of a weak market and not a flaw in the company. Complaining about the situation will not change it.
I am not a trader of ECU. I will sometimes pick up extra shares when they are cheap, and look to sell them later for a higher price, but even that strategy has not worked out for me lately. I choose to hang in and deal with the market, and I accept the consequences of my decision either way.
cheers!
mike