Trading Summary - September 1. A neutral day a
Post# of 4909
A neutral day again today whilst awaiting the update on the outcome of the merger meeting held yesterday.:
2M traded today - as follows:
.0005: .5M
.0004: 1.5M
Ludicrous claims by the notorious bashers currently on iHub - "RFB", "munimi" and "surfkast" - duped a few more people to sell insignificant, small amounts (most probably for a loss) at .0004 and .0005 again today.
However, when the .0004 bid was visible after an early 570K paint down, there was 77M there initially - this was later ramped up to 88.5M.
There are at least 4 x whales who trade $DIGX continuously throughout each year who will be happy to take around 20M each if anyone is stupid or impatient enough to sell for a loss at that level. Any shares bought at .0004 will be worth an easy 150%+ profit on any of numerous runs likely to happen through to Q3 and Q4.
Despite a further 2M being bought at .0004/.0005 today, none was added to the ask at .0006 which remained at 11.5M at the close (same as at the close yesterday).
Yet again it was proven that the longs are successively picking up the majority of shares and keeping them out of the hands of the iHub basher / flippers - which should make $DIGX very thin at .0006>.0010.
The company is making good use of its' new Twitter account now.
We can now look forward to additional updates on both the possible merger discussed yesterday and the implementation of the additional services being offered in the chiropractic chain offices - per the Strategic Growth Plan just announced - over the coming days, weeks and months..
The long whales will continue to buy at all prices that makes sense to them at any given point to have a cache for trading on any demand led run, the Q3 and through to the Annual Report in March 2018. There have been minimum bids of 20M at every level downwards for weeks to minimise the amount that the amateur repeat bashers might try to pick up before the next run.
It is of course less than 10 weeks now to the Q3. For Q2 there was a whale-led pre-run at (Q2 minus 4 weeks) and the same can be expected again.
$DIGX will most likely not be allowed to go to previous year-end or inter-Q lows.
In my opinion, nobody has bought $DIGX in 2017 at a price that it isn't likely to exceed in the coming months (2017 high .0013) through to the Annual Report (March 2018).
Those that fail to cancel their sell orders at .0005 > .0009 can expect to lose their shares over the coming days and weeks. Those that do not cancel at .0005 and .0006 could lose them in seconds if the merger news comes out and serious traders haven't by then got the number they want for the rest of the year at .0004.
Regardless of whether iHub posters lose interest over the coming days and weeks, detailed coverage will continue here as $DIGX remains one of my top picks for repeat profits for those that are patient and trade it to best effect (keep all cheapest batches of shares - create an inventory of shares at higher prices to trade on every run - big or small).
Finally, debunking nonsense posted by morons on iHub, there is absolutely no need or intention to do a reverse split. The share structure is exceptionally thin - with no dilution - and the company has been buying back shares. OTC market specialists who trade $DIGX continuously would not be loading 50M>100M shares at these inter-Q bottom prices to trade over the next 6 months if there was even the remote possibility of a reverse split.
In addition, money is not considered "dead" by the most successful traders in the OTC market when they know it will provide a significant return further down the line because they are in a position to understand and influence - through keen observation and record keeping - what volume of shares is likely to be made available for purchase at any particular level.
Eco Innovation Group Inc (ECOX) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.