Trading Summary - June 1. Another excellent da
Post# of 4931
Another excellent day for $DIGX at .0004 x .0005/6 with a further 93M loaded at .0004 > .0006.
In early trading, an initial 5M buy on the remaining ask at .0005 led to further medium size buys later of around 20M in a few minutes at which point the .0006s started.
A few small holders upon seeing 67M remaining at .0006 - but not realizing that was a relatively small portion of the .0004s + .0005s loaded - continued putting up relatively small amounts undercutting the ask at .0005 at which point those traders with a lot else going on switched their attention to reloading $VMGI and getting in on the next leg up on $IJJP - both of which had a narrow time band of opportunity.
When the dust settled from that surge on $DIGX, no MM had any significant amount on the ask except NITE (who had 15M later 21M) - they were all in the 1M>4M range reflecting small holders looking for a profit.
Various manipulation games took place again from those trying to hold the stock back. These included:
- 13 instances of initial partial fills of larger orders with only 20K shares - or paint downs - at .00045/.00049/.00055.
- Stacking 21M on the ask at .0005 via NITE after the .0005s had already been bought out once and the .0006s started.
- Trades at the bid price - including a nonsensical one for 24M towards the close - possibly an iHub mentality short term flipper who bought .0005s after seeing it on the scanner and then sold for a loss because they don't like to hold over a weekend. That's fine - one less block higher up in the hands of a clueless person.
The breakdown of buys at the various prices were:
At .0006: 1M [rounded down]
At .0005: 61M
At .0004: 32M [rounded down]
The bid peaked at 105M at .0004 - the highest seen this year and reflecting the whales in this moving all their 96M at .0003 up to .0004 - reducing as some came off the bid to hit the ask at .0005 and by buying the 32M at .0004.
The price of entry for any significant amount up to 30M 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.
It's now only 4 weeks to the end of Q2.
As expected, today was again one of the busiest so far this year for stocks on my Watch List with a lot going on. In a way, it was a shame that both $DIGX and $IJJP happened to divert attention from each other at various times of the day but we can't control when one company chooses to Tweet just as a another is at the point of breaking out. Overall, good progress was made today on both stocks and traders will have seen the $DIGX action on their scanner and will be reading up over the weekend. A few additional alerters with followers in the 1,000 > 3,000 range added $DIGX to their list for next week during the course of the day.
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.
I'll be looking out for the update to the Verified Company Profile from the TA as at May 31 which is expected to confirm - yet again - no dilution in 2017 and to date in 2018. I'll update the relevant sticky when the update is out.
In particular, watch for a PR on the excellent 2018 Q1 and / or forecast for 2018 Q2 to appear before the open each day going forward and / or for all the current ask (.0005) to disappear in seconds again and the second ask (.0006) 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.