Summary - October 10. Another satisfactory day
Post# of 4930
Another satisfactory day for $ECOX whilst awaiting the start of any PR campaign and / or the 2018 Q3 financials whichever comes first. All the OTC whale traders were busy elsewhere on other picks today including 4 from my Watch List that had dramatic loading going on and moves of up to 34%+ off the bottom.
on ECOX, one of the manipulator / bashers was suspected of trying to get cheap shares again:
- Insignificant paint down of 413 shares at .1530.
- Fake ask of 5000 put up at an artificially low level of .2400 when real ask still at .2887.
- Nobody was duped to trade at .1530 when it is likely that they will be able to get .3 > .6 at some point for reasons well known to followers here.
- The manipulator is likely to get a shock and lose those shares if any of the whales spot an update before he can cancel his sell order (exactly like happened on APRU today).
It is still estimated that there is probably less than 10K in the .2887 to .0300 range.
Only 413 could be bought on the bid at .1530 today - all from the paint down. The balance of 10K (9587) remained on the top bid of .1530.
Items below the line unchanged from the previous summary - except for the addition of the 2018 Q3 financials being on watch - 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.
- 2018 Q3 financials.
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.