Trading Summary - December 5. 30M was bought a
Post# of 4929
30M was bought at .0003 today when one impatient person sold in a single transaction - possibly influenced by the outrageous lies on iHub from the usual suspects. Their activities have now been reported to the $DIGX Company Attorney. Although most serious traders recognise the statements as pure fantasy not borne out by facts, such statements do put off unsophisticated traders who do not keep their own accurate records or access the contemporaneous record here and analysis here.
25M was bought by a bidder other than me - which was initially added to the 14M ask at .0004 to make 39M total - with the remaining 5M coming to me as a partial fill of a large order placed Nov 1 to increase my "bottom price" inventory for use next year.
The 30M would have come off the ask at .0005 or above as it didn't come off the .0004s so that will make $DIGX thinner to the upside on the next run in due course.
Subsequently there was a 1.485M buy on the ask at .0004 which resulted in 5M of the flipper ask being cancelled as they obviously didn't want to lose all their .0003s for only a 1-tick profit.
Thereafter the bid was almost immediately topped up with another 20M from 43M to 63M and subsequently there was some jockeying for position with changes to hidden AON orders to avoid partial fills on small daily paint downs. Then another 5M was added making a 58M visible bid with possibly an additional 15M hidden AON (see contemporaneous record in posts below for changes).
One of the other main repeat whale traders who always buys as much $DIGX as possible at each year end low prices, although busy on other stocks, spotted the 30M buy and returned to indicate that he would be buying more as well if the impatient wanted to trade.
I have also topped up my bid as any original outstanding basher bids from mid-October renewed from mid-August will be expiring soon.
Now 60M has been picked up on the bid at .0003 in 15+ weeks - half from insignificant paint downs in conjunction with associated bashing comments on iHub from the usual suspects and half from a single transaction today.
By comparison, 397M has been loaded at .0004 in the same period.
The PR associated with the 2017 Q3 - that was filed on November 16 - has not been issued yet. The PR associated with 2016 Q3 came out on December 12, 2016 - see here:
http://www.otcmarkets.com/stock/DIGX/news/DIG...08&b=y
Until the PR comes out highlighting the excellent results - and hopefully also updating future brand expansion plans - only those who were looking for the Q3 - who mostly already have their shares - have seen it.
http://www.otcmarkets.com/stock/DIGX/news/DIG...08&b=y
There is still a lot of activity going on at present for traders elsewhere - particularly taking advantage of multiple other stocks recently affected by basher morons on iHub at year-end. In the meantime $DIGX has no shortage of long-term GTC bidders at .0003 who will not be cancelling as the clueless might assume. The 4 main whales I know / recognise would - from my previous observations - normally be in for adding 25M > 30M at .0003. They probably already have 35M (30M from paint downs in 15 weeks + 5M today) and hence the extant 58M>73M bid.
The extant whale longs would probably prefer the next run up to be in 2018 now as they will most probably be in the 33% / 35% ($191K+ / $416K+) Federal income tax bracket for short term gains in 2017. That said, it would only take one or two others to buy out the first and second ask if they saw and liked a PR in 2017 and then of course the extant whales would participate as well with the buying to deny shares to iHub mentality low level flippers attracted by scanner hits. So, as always, anything could happen at anytime.
Stay sharp if you don't already have all the shares you need to make your profit expectations up to Q4 in March 2018 and thereafter in 2018. Prior warning and / or scanner alerts of any significant buys when the PR comes out will not be given on iHub but they will be alerted here immediately.
The long-term whales who trade $DIGX will continue to buy shares at any price that makes sense to them to use on multiple runs during the remainder of 2017 (there is usually a Q4 estimate + plans update in December) and throughout 2018. It is already known that at least 3 of the main whales are bidding for shares from the impatient at year end.
Content below the line mainly unchanged from last update - relevant to those that are new here.
As previously stated, the large additional share retirement of 275M shares since Jul 31 - on top of the 150M retired Dec 2016 > May 2017 making 425M total - has not been PR'ed yet either.
Excellent update recently on the Verified Company Profile share structure at otcmarkets.com from the Transfer Agent (see new sticky #1902) - this has not been PR'ed yet to the wider investing community and has not been spotted by the inattentive on iHub:
O/S and A/S confirmed unchanged as at Nov 30, 2017.
Float same as for all the runs this year - 50M reduction since Dec 2016.
Another 275M shares retired between Jul 31 and Oct 31 (as promised).
That takes total retired to 425M since May 31 - a significant reduction on such a small A/S and O/S for a stock in this price range.
There are at least 4 x whales who trade $DIGX continuously throughout each year who will be happy to take around 25M each if anyone is stupid or impatient enough to sell for a loss at any level below the current one. 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. Shares bought at .0005 should easily return 100%+ at some point in 2017 or 2018.
In my experience, 70M>100M (or 250M at year end for the next year) is the optimum amount to take best advantage of each run whilst keeping the 25M cheapest batches for the bigger runs next year (especially Q4 in March 2018 when the full year profits will be up). My cheapest 25M retained for next year highs will not require any shares bought above .0004 now so all others will be tradeable going forward.
As expected, the status quo has been pretty much maintained throughout the inter Q2/Q3 PR period with it making little difference to long-term traders whether shares are picked up at .0003/4/5/6 - they will see a profit on all of them by Q4 and on various runs between. The big boys in DIGX will probably be aiming to have an inventory of 50M>150M for trading through to end-2017 and into 2018 up to Q4.
We can now look forward to additional updates on both the possible merger discussed recently and the implementation of the additional services being offered in the chiropractic chain offices - per the Strategic Growth Plan announced earlier - 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 / year end PR and through to the Annual Report in March 2018.
$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).
Ludicrous claims by the notorious bashers currently on iHub - "RFB", "munimi", "Crown Capital" and "surfkast" - are clearly seen as such by all serious traders and now even by most short term (next Q) iHubbers.
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>150M 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.
There have never been any promotion campaigns on $DIGX in the modern era on the current business model - since the acquisition of Expressions Chiropractic & Rehab in January 2016 and I don't think there will be any. The PRs alone + OTC market off-the-bottom specialists spotting the loading on scanners, keeping accurate records and networking with other traders has proved sufficient to generate multiple runs in 2017 and should do the same in future throughout 2018.
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). It remains the top earner in 2017.
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.
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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.