$DIGX Recent Trading Analysis & Outlook - July 9.
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Posted On: 07/09/2017 9:29:33 PM
$DIGX Recent Trading Analysis & Outlook - July 9.
All the following is my opinion but what I'll be basing my trading decisions on.
On Wednesday last week - as predicted several days ago as a possibility - one or more of the long term watchers decided to start a demand vs supply run up by taking out all the .0006s and starting the .0007s in a matter of minutes.
There are 2 probable reasons for this:
- To force new investors or those sitting on the sidelines about to add to buy above .0008.
- To ensure that any quarterly selling by the company insiders could be done on the ask at a higher level. A further batch had been eligible since June 23 and no significant amount had been sold. The whales that control the cheapest shares in the .0002 > .0004 range certainly didn't want any selling into the .0004s which would have allowed the 3 x iHub basher / flippers and newbies watching scanners to get shares at the same price as the longs.
Almost immediately thereafter, again as expected, a minor pump group on iHub that follow a wannabe whale who fancies himself as a stock picker, spotted the buying on scanner / Level 2 and turned up and started buying the remainder of the .0007s and .0008s.
By the end of Wednesday, the following amounts had been bought.
29M x .0006.
110M x .0007
80M x .0008.
52M x .0009.
By constantly posting to each other about "their discovery" - and quoting chart nonsense that of course is irrelevant on a stock like $DIGX where a large portion of the float is controlled by a relatively small number of shareholders - they managed to get $DIGX to #1 on the iHub Breakout Board but only very briefly (because it is of course only a reflection of the increased posting rate).
On Thursday and Friday, about 400M > 500M was bought in the .0010 > .0013 range. This was only made possible by the real whales in $DIGX - who control the cheapest shares and had also bought on the way down .0009 > .0005 (to minimise what the basher / flippers got and to delay anyone else getting .0004 + .0003s) - selling their higher price shares for a profit whilst retaining their cheapest shares for when $DIGX eventually reaches the correct price for its' market cap.
In addition, any selling that company insiders were allowed to do iaw Rule 144 could easily have all been accomplished at .0012 / .0011 (so better than .0010999 and .000845 last time).
Despite assertions by the wannabe whale on iHub that more whales would be turning up, they failed to do so on both Thursday and Friday and their group trying to run it up further was not even willing to buy out about 15M at .0013 on either day. They also continued to make exaggerated claims about future moves, the timing and the price it might get to. Claims to have heard from the company were of course false as a legitimate company like $DIGX would not risk giving out insider trading information.
The Q2 is probably going to be filed on / around August 15 - which is still over 5 weeks away. Although it is still possible that the company might PR the provisional figures in advance, I think their main reason for doing so has disappeared now if they have indeed sold the quarterly allowance of shares.
There is of course still a possibility of an announcement at any time of acquisitions to expand one or both brands within the $DIGX portfolio.
However, unless the iHub wannabee whale group finds a few more whales to take out the .0013s > .0015s next week, I think some of the iHub mentality traders that merely follow that group may start selling for a loss before the Q2 comes out. For instance, it is possible to make $Ks a day just flipping $OTTV and $IMTV at present. It is evident that many of those that bought on Thursday and Friday who follow iHub don't fully understand the factors that control $DIGX as is evident from the content of their posts.
If the Q2 comes out on time with say a 10%>25% improvement on the Q1 figures - without any substantive update on brand expansion through acquisition, further share reductions, or financing agreement for future acquisitions (that is items not already factored into the thought process of the real whales who control the stock from the bottom) - I do not necessarily think we will see sufficient buying to get to the upper .001xs - bearing in mind there may still by then be a lot of impatient bagholders (by which I mean iHubbers not dedicated long-term to $DIGX) who might want to sell some of the 400M > 500M they bought above .0010.
Also, the iHub wannabe whale claims he has 48M (which will most probably all have been bought at .0006 and above) and that he isn't going to sell any under .0060. He is never going to be able to sell that amount above .0030 - let alone above .0060 - and then probably not for quite a few Qs yet.
Also, there is no way of telling how many of the real whales who bought - without hesitation despite the panic selling by those duped by the bashers - the 295M at .0003 / 287M at .0004 / 197M at .0005 that might still want to take some of their profits. They won't all necessarily be following my system and may decide to take 100% > 300% on a portion of their holdings if they don't see a .0013 > .0015+ break soon.
There were already the first signs on Friday of people trading relatively large amounts at .0010/9/8.
On iHub, someone I recognise as being around at .0004/5 is stating he will be liquidating 100M on Monday that he has an average cost basis of .0005 on.
$DIGX is still my top pick for 2017 for ultimately getting up towards the correct price for its' market cap by the 2017 Annual Report due in March 2018 and for repeat runs on every Q filing, on every long whale led run up, and on any acquisition news or significant A/S or O/S reduction.
I therefore would not want to dissuade anyone from paying whatever they need to get a scale-in holding of $DIGX if they are new here and haven't been following my alerts throughout 2017 from .0003. On the other hand, as always in the OTC, it doesn't pay to chase - particularly when unrealistic claims are being made by iHub pumpers who cannot be trusted not to just sell to get out even or with a few ticks profit.
I'm still working to my original plan mentioned many times here - holding enough of my cheapest ever $DIGX shares to make a $6-figure profit in 2017 by a price that it will be easy to sell that amount at. In addition, I'm willing to reinvest up to $50K (from banked profits on previous runs) to maintain a sizeable bid or hit the ask to get my tradeable inventory up at any price that makes sense to me between now and Q2 then Q3.
Having trustworthy whales in control of the cheapest shares makes it possible to get the best out of the market at any given point in time - whatever the company insiders or short term iHub pump groups do.
Good luck to everyone following $DIGX here - it continues to be the repeat huge profits winner that just keeps giving throughout the year.
All the following is my opinion but what I'll be basing my trading decisions on.
On Wednesday last week - as predicted several days ago as a possibility - one or more of the long term watchers decided to start a demand vs supply run up by taking out all the .0006s and starting the .0007s in a matter of minutes.
There are 2 probable reasons for this:
- To force new investors or those sitting on the sidelines about to add to buy above .0008.
- To ensure that any quarterly selling by the company insiders could be done on the ask at a higher level. A further batch had been eligible since June 23 and no significant amount had been sold. The whales that control the cheapest shares in the .0002 > .0004 range certainly didn't want any selling into the .0004s which would have allowed the 3 x iHub basher / flippers and newbies watching scanners to get shares at the same price as the longs.
Almost immediately thereafter, again as expected, a minor pump group on iHub that follow a wannabe whale who fancies himself as a stock picker, spotted the buying on scanner / Level 2 and turned up and started buying the remainder of the .0007s and .0008s.
By the end of Wednesday, the following amounts had been bought.
29M x .0006.
110M x .0007
80M x .0008.
52M x .0009.
By constantly posting to each other about "their discovery" - and quoting chart nonsense that of course is irrelevant on a stock like $DIGX where a large portion of the float is controlled by a relatively small number of shareholders - they managed to get $DIGX to #1 on the iHub Breakout Board but only very briefly (because it is of course only a reflection of the increased posting rate).
On Thursday and Friday, about 400M > 500M was bought in the .0010 > .0013 range. This was only made possible by the real whales in $DIGX - who control the cheapest shares and had also bought on the way down .0009 > .0005 (to minimise what the basher / flippers got and to delay anyone else getting .0004 + .0003s) - selling their higher price shares for a profit whilst retaining their cheapest shares for when $DIGX eventually reaches the correct price for its' market cap.
In addition, any selling that company insiders were allowed to do iaw Rule 144 could easily have all been accomplished at .0012 / .0011 (so better than .0010999 and .000845 last time).
Despite assertions by the wannabe whale on iHub that more whales would be turning up, they failed to do so on both Thursday and Friday and their group trying to run it up further was not even willing to buy out about 15M at .0013 on either day. They also continued to make exaggerated claims about future moves, the timing and the price it might get to. Claims to have heard from the company were of course false as a legitimate company like $DIGX would not risk giving out insider trading information.
The Q2 is probably going to be filed on / around August 15 - which is still over 5 weeks away. Although it is still possible that the company might PR the provisional figures in advance, I think their main reason for doing so has disappeared now if they have indeed sold the quarterly allowance of shares.
There is of course still a possibility of an announcement at any time of acquisitions to expand one or both brands within the $DIGX portfolio.
However, unless the iHub wannabee whale group finds a few more whales to take out the .0013s > .0015s next week, I think some of the iHub mentality traders that merely follow that group may start selling for a loss before the Q2 comes out. For instance, it is possible to make $Ks a day just flipping $OTTV and $IMTV at present. It is evident that many of those that bought on Thursday and Friday who follow iHub don't fully understand the factors that control $DIGX as is evident from the content of their posts.
If the Q2 comes out on time with say a 10%>25% improvement on the Q1 figures - without any substantive update on brand expansion through acquisition, further share reductions, or financing agreement for future acquisitions (that is items not already factored into the thought process of the real whales who control the stock from the bottom) - I do not necessarily think we will see sufficient buying to get to the upper .001xs - bearing in mind there may still by then be a lot of impatient bagholders (by which I mean iHubbers not dedicated long-term to $DIGX) who might want to sell some of the 400M > 500M they bought above .0010.
Also, the iHub wannabe whale claims he has 48M (which will most probably all have been bought at .0006 and above) and that he isn't going to sell any under .0060. He is never going to be able to sell that amount above .0030 - let alone above .0060 - and then probably not for quite a few Qs yet.
Also, there is no way of telling how many of the real whales who bought - without hesitation despite the panic selling by those duped by the bashers - the 295M at .0003 / 287M at .0004 / 197M at .0005 that might still want to take some of their profits. They won't all necessarily be following my system and may decide to take 100% > 300% on a portion of their holdings if they don't see a .0013 > .0015+ break soon.
There were already the first signs on Friday of people trading relatively large amounts at .0010/9/8.
On iHub, someone I recognise as being around at .0004/5 is stating he will be liquidating 100M on Monday that he has an average cost basis of .0005 on.
$DIGX is still my top pick for 2017 for ultimately getting up towards the correct price for its' market cap by the 2017 Annual Report due in March 2018 and for repeat runs on every Q filing, on every long whale led run up, and on any acquisition news or significant A/S or O/S reduction.
I therefore would not want to dissuade anyone from paying whatever they need to get a scale-in holding of $DIGX if they are new here and haven't been following my alerts throughout 2017 from .0003. On the other hand, as always in the OTC, it doesn't pay to chase - particularly when unrealistic claims are being made by iHub pumpers who cannot be trusted not to just sell to get out even or with a few ticks profit.
I'm still working to my original plan mentioned many times here - holding enough of my cheapest ever $DIGX shares to make a $6-figure profit in 2017 by a price that it will be easy to sell that amount at. In addition, I'm willing to reinvest up to $50K (from banked profits on previous runs) to maintain a sizeable bid or hit the ask to get my tradeable inventory up at any price that makes sense to me between now and Q2 then Q3.
Having trustworthy whales in control of the cheapest shares makes it possible to get the best out of the market at any given point in time - whatever the company insiders or short term iHub pump groups do.
Good luck to everyone following $DIGX here - it continues to be the repeat huge profits winner that just keeps giving throughout the year.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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