Trading Summary - April 16. A satisfactory sta
Post# of 4900
A satisfactory status quo day again for $DIGX at .0003 x .0004 whilst all the major traders in the OTC were watching for short covering on stocks subject to dilution recently (so not applicable to $DIGX) and trying to get their heads around the implications of the new rules governing convertible debt and the possibility that MMs BMIC and BMAK may be closing down as a result (or at least not able to sell unrestricted amounts into bids anymore).
Off relevance to $DIGX in the long-term, there can now be no new notes issued to stocks currently under .01 (there have not been any new notes recently anyway) and any convertible debt selling is restricted to 20% of the average volume in the last 20 days..
On $DIGX, the usual insignificant small paint downs from the basher moron(s) enabled just 2M to be bought on the bid at .0003. With the .0002 bid at a visible 129M (with hidden AON orders in addition), the .0003 bid was topped up again as a buffer to keep accumulating small amounts from the nonsense occasional paint downs.
The fake amount put up at .0004 in a ridiculously blatant attempt to try to dupe people to sell at .0003 or .0002 was reduced by 31M (29M later). The real amount available on the ask at .0004 is likely to be in the 10M > 20M range depending how much is pulled by the manipulator if he spots any move quickly enough. It's a dangerous game to play and he obviously wasn't paying attention on the runs last year when the first 50M disappeared in seconds and the next 50M in a few minute.
The manipulation attempts were of course ineffective as whale longs hold the majority of .0003s and they are content to wait to get the market cap price for their shares in due course.
Notes have been taken to determine which blocks get put up daily as day trades.
The real ask at .0004 is probably still only 10% of the 335M loaded at .0003 offered at .0004 since the majority are held by whale longs.
Only 5% > 10% of the 586M loaded so far at .0004 are expected to be at .0005.
Asks in the 30M>50M range at each of 2 consecutive levels - or 100M at a single ask level - are relatively easy to deal with on $DIGX as seen on all previous runs.
As the long-term followers - including at least 5 whales - control the majority of shares bought at .0003/4/5 - and they are not looking to sell anytime soon for less than the market cap - we can expect the "basher" / impatient ask amounts to get taken out at some point.
Watch out for any PR making the excellent performance in the 2017 Annual Report known to the wider investor / trading community.
There should also be an update on the progress of Strategic Growth Plan which includes offering additional services - and hence revenue earning - in each existing office of the chain and acquisition of more already profitable locations to expand the brand.
Beyond that, the PR for the 2018 Q1 Results can be expected by around May 16, 2018 based on the 2017 schedule.
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 on multiple runs up to end-2018 and beyond.
Prior warning and / or scanner alerts of any significant buys starting a run up will not be given on iHub but they will be alerted here immediately.
Content below the line unchanged from the last update - relevant to those that are new here.
The following items have not been PR'ed yet:
- Excellent 2017 Annual Report results - $1.98M Gross Revenue / $234K Net Profit.
- Further acquisition plans for brand growth.
- Shares retired in 2017 (425M known to followers here but not PR'ed yet).
The 2017 results speak for themselves and - when we see them PR'ed to the wider investing community in due course - we may 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.
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 throughout 2018. It is already known from posted comments and observation that at least 4 of the main whales bought shares - on the bid and on the ask - from the impatient at the end of 2017.
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 predicted in October 2017, $DIGX was not allowed to go to the 2016 year-end low of .0002 ask at end-2017.
As predicted, the 50M+ .0004s were bought out in just 2 individual seconds and the same is likely to happen with the .0005s.at some point - setting off a run towards .0010 - just like happened in 2017 on a number of occasions.
Any shares bought at .0004 should 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.
The big boys in DIGX now probably already have an inventory of 50M>200M each for trading throughout 2018.
Ludicrous claims by the notorious bashers on iHub - "RFB", "munimi", "surfkast:, "Crown Capital" and "Homebrew" - are clearly seen as such by all serious traders and now even by most iHubbers.
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.