Summary - September 21. Huge progress and a ma
Post# of 4930
Huge progress and a major leap forward for $DIGXD today with trading playing out much as I predicted in earlier posts on the main board here.
At the open, the 60-day GTC increased whale bid of 91K from the previous close was still in place at .12 and the first ask shown was still just 5,000 at .15.
With only 2 trading days left at the open to the requested ticker change date on Tuesday, the mystery whale bidder (I still don't know who that is) at .12 started to hit the ask - as predicted - as he had only been getting occasional insignificant paint downs from the usual suspects over the last few days.
As reported previously, some of the MMs are not showing insignificant asks below 5,000.
The .15s (and any smaller insignificant orders under .15 not being shown) were bought out by what appeared to be a reasonably large 45K buy order set at .15 ($6,750). 13,154 filled on the ask and 31K+ (rounded down) created an instant bid at .15.
Then, in quick succession, 2 x small holders with just 5000 shares at .1600 and .1650 cancelled their sell orders so as not to lose their shares as it was obvious that $DIGXD was going to .2.
There followed a number of buy orders on the ask at .2 - the largest being for 4,500 shares - which was in response to a failed basher paint down attempt with 1000 shares ($155) into an additional bid that was put in at .1550.
A number of new bidders - presumably from those who didn't buy .1s when they had the chance but who wanted an inventory to trade in the .2 > .5 gap to the upside - started outbidding each other.
At the peak of bidding, we ended up with bids in depth as follows:
.1800 + .1600 + .1550 + .1500 + .1200.
There were 2 significant bidders at .1500 with 31K and 20K respectively.
The total funds on the bid are more than sufficient to take out all the asks likely to be encountered under .3 and possibly under .4 as well.
The breakdown of buying today was as follows:
.1500: 13,154
.1550: 1,000 (from paint down)
.1600: 2,683 (from 2 paint downs)
.2000: 6,499
Total: 233,336
There is now only 1 trading day left on Monday before the requested date for the ticker change (Sep 25 - ECOX).
$DIGXD remains extremely thin to .5.
I would imagine that we will get the first PR of the campaign for the new company around the same time.
Items below the line unchanged from the previous summary - included for new followers - except for this one that has already played out today and has been removed:
"Over the coming days, we should see more buying in the .1 > .2 range - particularly from those that held off buying .0001s on August 28 or .1 > .1650 since."
$DIGXD Rolling Brief at sticky #3217.
Key Points from the Disclosure filed on September 12 at sticky # 3218.
The main point to remember is that over 300,000 shares were bought on Aug 28 and Aug 31 by savvy traders who saw the opportunity to have an inventory of shares to trade in the .2 > .5 range.
We now have the added bonus that we know from the filings that the new company President and his funding partner paid .5/.6 and so have the vested interest in getting the price past there towards $1.
That's why I believe we may see a PR campaign start around after the ticker change.
Well done everyone who held during the reverse split - particularly if you also joined in the loading at .1 equivalent on August 28.
As previously stated, $DIGXD should be thin to the upside with most traders wanting to spin out their holdings of .1s > .2s to trade in the .2 > .5 range for 100% to 400% profit since most holdings above were buys at the equivalent of .4/.5/.6 (and those holdings have all been divided by 1000 now).
Ahead watch out for:
- $DIGXD being upgraded to OTC Current.
- Ticker change being approved - :ECOX has been requested.
- First formal PR.
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.