Lots of times I agree with what you post, but this time I don't. Most of the volume in EGT this year occurred in May-July when the average price of EGT was above $3 [adjusted price]. To me that means there are a lot of investors that are 'under water' on EGT now. I do think there will be end of year tax loss pressure this year.
I sold half my holdings in late October at $2.39 in anticipation of that. My cost basis for the rest of my stock is only $1.04 so I will hold that through the expected short term tax loss selling. I might buy again in mid January.