Summary - October 12. 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 today on 4 other picks from my Watch List which were either starting their move off the bottom or reloading.
All the iHub mentality amateurs were wasting their time on MLHC which traded 903M at an average of .0015 all day closing 26% down with numerous big bagholders trapped above .0020 and unable to trade because they were "all in" and out of cash to trade others.
On ECOX, one of the manipulator / bashers was suspected of trying to get cheap shares yet again:
- 1 x insignificant paint down of 200 shares at .1530 - this time they were able to be bought by the original 10K bidder leaving 9387 unfilled. There may still be other bidders under 5K shares not shown.
- Fake ask of 5000 remained at an artificially low level of .2400 when real ask still at .2887.
- Nonsense post yesterday from returning iHub basher moron "RFB" who wouldn't be posting if he didn't want more shares - noted for report to SEC which is being compiled on him by serious traders.
- Nobody was duped to trade any significant amount 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 200 could be bought on the bid at .1530 today from the paint down. The balance of the original 10K (9387) remained on the top bid of .1530 - and it is believed that there is at least one other part-fill bid less than 5000.
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.
- 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.