Trading Summary - June 21. A most satisfactory
Post# of 4930
A most satisfactory consolidation / accumulation day at the higher base of .0004/5 x .0006 today.
Many of the whales in $DIGX - and most of my other followers - were busy loading / trading 3 other stocks on my Watch List today.
At the open, the ask at .0006 was reduced by 4M to 50M (54M at the close yesterday).
Thereafter, throughout the day, any .0005s put up by bashers(s) or offered by the impatient were eagerly bought almost immediately.
Despite 21.9M being bought today - almost all at .0005 - there was only an increase in the ask at .0006 of 1M (51M) - reflecting that longs got almost all of them..
With 1.016 Billion bought up at .0004 when the majority of the float was secured by the whale longs looking for .0011 > .0020 in due course, it is self-evident from the asks we have seen that there isn't going to be any large amount put on the ask at .0005 or .0006 for a low-level flip.
Similarly, the relatively small amount of 362M bought at .0003 could easily have been traded at .0004 or .0005 by anybody who wanted to over the last 6 months or even the last several days.
Even if all the ask at .0006 is real, that would only represent about 3.6% of the amount loaded lower inter-run [as expected for the reasons already stated].
The bid at .0004 was maintained at an adequate level of 81M+ all day to keep the basher / flippers boxed out from reloading.
The company recommenced communication with shareholders on June 20 via Twitter - after silence since last August. It just announced the takeover by the new CEO [see earlier posts].
In the meantime, the company has been quietly getting on with banking significant profits - as seen in the 2017 Q4 and 2018 Q1 results - but now long term followers can look forward to updates on the next chapter.
The price of entry for any significant amount is still .0006 - but only for the first person who wants 25M > 30M.
Thereafter it is likely to be .0007.
Followers will remember I said the same about .0005 and .0006 only 2 days ago. Yet again the importance of loading my alerts on cue and not waiting "just-in-time" has been demonstrated - for about the 15th time this year.
Those who haven't yet got 50M+ $DIGX should not leave their ask buying at .0006 > .0007 any longer 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.
There are now only 6 trading days left to the end of Q2.
As always, anything could happen at anytime - particularly so with Tweets expected. 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.
With a new President of the company now - and a PR campaign almost certain to follow with details of the strategic plans ahead - brand expansion in TX as already planned, expansion into FL, or a reverse merger are all possibilities - there will be a number of days of extreme activity and excitement ahead in 2018 as seen several times in 2017.
In addition, also watch daily for any PR or Tweet that might include the excellent 2018 Q1 and / or forecast for 2018 Q2 and / or for all the current ask (.0006) to disappear in seconds and the second 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 also 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.