$DIGX - Summary of Recent Trading - Updated June 2
Post# of 4930
657M loaded since May 25.
295M loaded at .0003.
No significant amount of .0003s picked up since June 1 - 16 trading days ago.
251M loaded at .0004 - mostly on June 15 and June 16.
No significant amount of .0004s picked up since June 16 - 5 trading days ago.
110M loaded at .0005 - withstood additional amounts of 5M>20M being added to the ask when almost down to 0 on 3 occasions.
Nobody got duped by 9 instances of short selling of 10K accompanied by continued nonsense from totally discredited bashers on iHub - "surfkast" and "munimi" - as follows.
10K .00046 09:40:46
10K .00046 09:51:08
10K .00048 09:56:41
10K .00051 09:56:06
10K .00046 10:01:15
10K .00049 12:16:05
10K .00049 12:18:09
10K .00049 12:25:44
10K .00049 12:56:03
iHub basher "munimi" admitted in a sticky post that he shorts stocks like $DIGX (presumably to dupe people into selling for a loss or for less profit so that he can then flip it). After being exposed here and by Twitter alerters, the activities of "munimi" and "surfkast" have been pretty much shut down as almost nobody is being duped into selling. Indeed, many have been cancelling their sell orders on the ask at .0005 and .0006 since yesterday.
Ironically, the MMs showed all of the above as .0005 trades rather than .0004s on Level 2 (albeit in red instead of green which was another giveaway that the price was less than the last hit on the ask at .0005).
Again, almost nobody was willing to sell at .0004 again today - as evidenced by only 10M being sold into the bid today (and even that may have been a mistake).
Traders moved all of the previous 129M whale bid at .0003 up to .0004.
Even after about 50M in large ask hits at .0005, the bid was increased to a peak of 228M at .0004.
After 110M in ask hits at .0005 - almost the same amount used to take out the .0005s on the previous run - the initial uptick ask was only 66M at .0006.
This showed that almost nobody was flipping as they knew they would not be able to replace their shares before the next run.
Almost immediately, 10M was cancelled from the ask followed by more cancellations and buys reducing the ask to 38M.
An 11M > 41M bid was maintained at .0005 (20M of which flashed then hidden) for over 2.5 hours without any bid pickups - apart from a token 900K which did not dupe anyone into selling more.
Closed at 13M .0005 x only 38M .0006.
93M loaded today - 10M at .0004 - 82M at .0005 - 1M at .0006.
Longs got at least half those picked up at .0004 over the past 7 trading days.
Longs who loaded the .0003s, .0004s and .0005s decisively have succeeded in keeping most of the one tick flippers out - as evidenced by the relatively small and reducing ask at .0006 today (down from a peak of 66M to 38M).
Being observant and keeping accurate records is what counts in trading in the OTC and in trading $DIGX in particular.
Daily volume and the actual closing price is irrelevant to future runs - knowing what volume was picked up at what price is far more important.
Chart mumbo jumbo is completely irrelevant.
There is a buyer and a seller for every trade. So a trade at a particular price means someone currently has that amount of shares at that price. They are not $DIGX "bagholders" - they willingly bought at that price because they believe that they can make a profit in future.
Nobody cares about the float - $DIGX just ran 350% on the current share structure and the market will make it run again on any update. The $DIGX float of 1.6B is pretty low for a stock currently at this price level. Experienced traders know that many off the bottom OTC stocks that run to .01+ - on nothing like $DIGX has going for it in terms of financial results proven over the last 5 quarters - have done so on an A/S or O/S, let alone float, of 5 to 10 times that.
As previously stated, nobody has bought $DIGX in 2016 or 2017 at a price that it shouldn't go past in future.
Over the coming days, I expect more people who might have sell orders under .0010 - due to being influenced by the previous bashing on iHub which has now been firmly discredited - to cancel their sell orders and make $DIGX even more thin to the .0010+ break than previously.
The higher the base moves up before any catalyst from the company the better. If all new buying pressure can be made to have to buy above .0006 - and preferably above .0010 - we could get a fast move up through the .001xs towards .0020+ upon the 2017 Q2 announcement.
It is also now distinctly possible that we may get a supply / demand run beforehand - particularly since bid sitters have only had about a 10% success rate (fills vs total visible bid) on any day in the last week.
Social media coverage of $DIGX is ramping up now so next week should be exciting.
$DIGX certainly isn't going to be stopped by a couple of non-credible morons posting nonsense on iHub. They shouldn't have picked a stock they clearly know nothing about that some of the biggest traders in the OTC have been watching for years / months.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.