Summary - October 9. Another satisfactory day
Post# of 4930
Another satisfactory day for $ECOX whilst awaiting the start of any PR campaign - with all the the top traders busy on multiple other runners today among stocks with updates.
At the open, the 10K ask at the artificially low level of .2700 from yesterday had been cancelled - so it was probably from the manipulator / basher who had been trying to pick up the 71K at .1520 but failed to do so as the .0001s / .1s are mostly in the hands of the whale longs who loaded them specifically to trade in the .3 > .6 range on the way up to where the cost basis of the remaining share reside.
The real ask reverted to the previous level of only 2500 left at .2887.
It is still estimated that there is probably less than 10K in the .2887 to .0300 range.
Another bidder came in with 10K at .1530 - outbidding the previous .1520 from yesterday.
There were no paint down attempts today from the basher / manipulator(s).
Items below the line 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). See analysis here: https://investorshangout.com/post/view?id=5216669
The TA continues to update the Verified Company Profile in a timely manner monthly - the latest update is as at September 28, 2018.
Ahead watch out for:
- First formal PR.
- Any new website.
- Any new Twitter / Facebook account.
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.