Trading Summary - December 14. A pivotal day f
Post# of 4930
A pivotal day for $DIGX with the whale longs (of which I recognize at least 4) taking control of an estimated 54% > 72% of the .0003s bought in the last 16 weeks since August 23.
It was also self-evident that .0003s should be the 2017 year-end bottom as the size of the .0002 bid greatly exceeded expectations.
At the open there 40M visible + 15M hidden AON bid at .0003 x 37M .0004.
Bid increased to 50M visible + 15M hidden AON at .0003.
One or two impatient medium level holders traded 65M for a loss at .0003 from .0004/5/6.
Hard bounce off 160M .0002 (with one small paint down).
Bid subsequently increased to 186M at .0002.
20M in undercut ask at .0003 from a few other impatient holders (or a basher attempting to manipulate) bought out in minutes - including hits of 10M and 5M.
Further 15M bought at .0003 - combination of bid pickups + mostly buying out undercut ask.
Only 27M at .0004 on uptick (net decrease of 10M) despite 96M being bought at .0003.
.0004 started with only 26M left at close - NITE 10M within that suspect.
Bid increased to 18M at .0003 with no significant fills (1 x 100K paint down) in about 1.5 hours prior to close.
Estimated that whale longs picked up at least 65M of 96M - meaning that, in the worst case, the 3 x non-credible long-term iHub bashers might have only got 30M between them.
Longs known to have 99M of 183M bought at .0003 since August 23 - more likely at least 130M out of 182M if all ask hits today from longs.
Hence why only 5M added to today's low ask of 22M (down from 37M at open) despite 96M being bought at .0003 today.
$DIGX looking great now with some impatient obstinate ask stackers gone from .0004/5/6 and longs controlling the majority of the cheapest lots at .0003 and .0004 in this low float, repeat runner.
All set for 2018 (and any demand led run in meantime + possible year end PR highlighting excellent, improving financials and 450M share retirements so far in 2017).
The big boys in DIGX now probably already have an inventory of 50M>200M each for trading through to end-2017 and up to the 2017 Q4 in March 2018.
Content below the line mainly unchanged from last update - relevant to those that are new here [tense updated to reflect events now played out as predicted].
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
In due course, the Q4 results will speak for themselves and - when PR'ed to the wider investing community - we should see serious additional new interest due to the low O/S and relatively high positive revenue for a stock in this price range - just as happened for the 2016 Q4 and the 2017 Q1 and Q2. In addition, those reluctant to buy on the ask whilst they think they still have a chance of filling on the bid before the Q4 will probably change their mind in January - ask buying started on January 13 at the beginning of this year.
As always, anything could happen at anytime. So 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 from posted comments and observation that at least 4 of the main whales are buying shares - on the bid and on the ask - from the impatient at year end.
As predicted, at least 4 x whales who trade $DIGX continuously throughout each year were happy to take around 100M at .0003 when a few impatient people decided to trade for a loss at .0003 on December 14.
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.
Any shares bought at .0004 will be worth an easy 150%+ profit on any of numerous runs likely to happen through to Q4. Shares bought at .0005 should easily return 100%+ at some point in 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 .0003 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.
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>200M shares at these end-2017 prices to trade over the next 12 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.
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.