Trading Summary - May 30. Another pivotal day
Post# of 4930
Another pivotal day for $DIGX at .0003/4 x .0005 even though most of the significant traders looking to get into it were fully occupied elsewhere with reloading of ongoing trades from my Watch List.
One of the new whales from the group that is known to be interested showed his hand again today - in a more dramatic manner than yesterday - by waiting for the basher moron to be stupid enough to try the short term undercut ask at .0004 ploy again even though it has failed whenever it is tried. When the second element of 7M appeared (4M+3M), all 7M were bought out in 2 individual seconds.
The basher moron then reverted to putting nonsensical fake ask amounts up at .0005 in the 46M > 67M range - despite the fact that all long-term followers already know that anything above about 30M is suspect.
After a short while, the fake ask element of the .0005 ask was reduced back to 46M.
A whale bid of 14M was put in at .0004 and was successful in buying the full amount - taking the number of .0004s bought today to over 32M.
Upon uptick - tested by setting a buy of 400K to take out a small undercut ask hold back amount at .0004, the fake ask amount at .0005 was back down to only 39M (last Friday's figure). It is likely that a 7M block from the main basher was used at .0004 - he continues to lose his hold back shares through ongoing attrition as they whale longs increase the percentage of the float they hold to keep $DIGX thin to the upside through the remainder of 2018.
The flipper denial bid at .0003 was maintained in the 88M > 100M range all day. No shares could be bought at .0003 [none expected].
Of the ask at .0005, the real elements are likely to be the consistent ones mentioned in earlier posts which add up to 24M and a small element of the NITE figure. These will be from a few small holders who have set 60-day GTCs to get 66% or 25% profit from .0003s or .0004s respectively because they didn't get enough shares to be a significant player in $DIGX going forward.
Even the fake ask of 41M shown at the close [down 2M from yesterday even though an extra 32M was loaded at .0004 today] represents only 4.9% of the .0004s loaded (as most were bought by whale longs and others looking for .0010+ eventually). 35M would represent only 4.2% and the likely real 20M would represent only 2.4% [all percentages down today].
The price of entry for any significant amount up to 20M remains .0005.
Thereafter it is likely to be .0006.
Those who haven't yet got 50M+ $DIGX should not leave their ask buying at .0005 > .0006 too long if interested.
Asks in the 30M>50M range at each each .0001 price point to the upside are relatively easy to deal with on $DIGX as seen on all previous runs where they disappeared in seconds / minutes. Most tickers in this price range need to have 120M>600M traded to get an uptick.
It's now only 4 weeks to the end of Q2.
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.
In particular, watch for a PR on the excellent 2018 Q1 to appear before the open each day going forward and / or for all the current ask (.0005) to disappear in seconds and the second ask (.0006) and possibly third ask (.0007) in minutes thereafter.
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.
Watch out for any PR making the excellent performance in the 2017 Annual Report and 2018 Q1 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.
The following items have not been PR'ed yet:
- Excellent 2017 Annual Report results - $1.98M Gross Revenue / $234K Net Profit.
- Excellent 2018 Q1 results - $486K Gross Revenue / $58K Net Profit.
- Further acquisition plans for brand growth.
- Shares retired in 2017 (425M known to followers here but not PR'ed yet).
The 2017 Annual and 2018 Q1 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.
Any 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.
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.
All the major traders in the OTC that used to mostly one-tick flip huge amounts (100M to 200M each) of .0001 > .0002 almost exclusively - relying on periodic dilution for reloads - are beginning to realize that the new rules now in force may make that impossible. Hitting the ask to make stocks move will become the order of the day. I'm networking to show others how my methods are more profitable anyway - concentrating on real companies with revenue / products / plans and a thin share structure (like $DIGX). For me, there was no Summer slowdown in 2017 with profits for Jun>Aug still in $6-figures thanks to long-term observation, share counting, working out who got what where, and keeping manipulators/bashers/flippers out by hitting the ask.
Of 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.
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.