Summary - September 26. A satisfactory first d
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Posted On: 09/26/2018 4:18:40 PM
Summary - September 26.
A satisfactory first day for the new company listed as $ECOX.
The main broker platforms were all updated in a seamless manner.
otcmarkets.com was updated between the close yesterday and the open today - not only for the ticker but also by the company updating their profile with the new business model.
At the open there was 5000 (rather than 2500) on the ask at .2887.
Subsequently 2500 was cancelled from the ask at .2887.
There was a 2500 paint down (or small holder trade) at .2
A 10K bid at .2 was then unmasked after 1 hour of nobody being duped to trade lower at .15.
Then either a second bidder came in with 10K at .21 or the original bidder moved up.
As one would expect, nobody was interested in trading their valuable .1s or legacy .2s at either .2 or .21.
Subsequently, the first ask was artificially lowered slightly to just 2500 at .2779.
Finally, in the closing minutes, the MM CDEL was noted moving all the way up to .6.
So, overall, only 2500 shares could be bought at .2 today.
Expect higher bids to become visible - AON bids are not shown - and ask buys in due course from those who bid unsuccessfully.
$ECOX should be exceptionally thin to the upside as shown in the analysis here:
https://investorshangout.com/post/view?id=5216669
I would imagine that we will get the first PR of the campaign for the new company soon.
Items below the line mainly unchanged from the previous summary - included for new followers:
$ECOX Rolling Brief at sticky #3293.
https://investorshangout.com/post/view?id=5219347
Key Points from the Disclosure filed on September 12 at # 3218.
https://investorshangout.com/post/view?id=5206835
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 soon.
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, $ECOX 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:
- First formal PR.
- Any new website.
- Any new Twitter / Facebook account.
A satisfactory first day for the new company listed as $ECOX.
The main broker platforms were all updated in a seamless manner.
otcmarkets.com was updated between the close yesterday and the open today - not only for the ticker but also by the company updating their profile with the new business model.
At the open there was 5000 (rather than 2500) on the ask at .2887.
Subsequently 2500 was cancelled from the ask at .2887.
There was a 2500 paint down (or small holder trade) at .2
A 10K bid at .2 was then unmasked after 1 hour of nobody being duped to trade lower at .15.
Then either a second bidder came in with 10K at .21 or the original bidder moved up.
As one would expect, nobody was interested in trading their valuable .1s or legacy .2s at either .2 or .21.
Subsequently, the first ask was artificially lowered slightly to just 2500 at .2779.
Finally, in the closing minutes, the MM CDEL was noted moving all the way up to .6.
So, overall, only 2500 shares could be bought at .2 today.
Expect higher bids to become visible - AON bids are not shown - and ask buys in due course from those who bid unsuccessfully.
$ECOX should be exceptionally thin to the upside as shown in the analysis here:
https://investorshangout.com/post/view?id=5216669
I would imagine that we will get the first PR of the campaign for the new company soon.
Items below the line mainly unchanged from the previous summary - included for new followers:
$ECOX Rolling Brief at sticky #3293.
https://investorshangout.com/post/view?id=5219347
Key Points from the Disclosure filed on September 12 at # 3218.
https://investorshangout.com/post/view?id=5206835
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 soon.
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, $ECOX 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:
- First formal PR.
- Any new website.
- Any new Twitter / Facebook account.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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