Summary - October 15. 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 2 other picks from my Watch List - one of which was up 115% from the loading opportunities of the last several weeks on its first major update in some time demonstrating yet again the importance of loading during quiet periods.
All the iHub mentality amateurs were wasting their time on MLHC again today which traded another 590M at an average of .00012 - after trading 903M at an average of .0015 on Friday - sucking a lot of the "new money" out of the market bearing in mind that there are also numerous big bagholders trapped above .0020 and unable to trade because they are "all in" and out of cash to trade others.
On ECOX, the sequence of trading / manipulation attempts was as follows:
-- Early Trading - October 15.
-- No change at open - fake ask of 5000 at artificially undercut ask of .2400 and 9387 on bid at .1530.
-- One impatient small holder duped into trading at bid price.
-- 9387 shares bought at .1530 not added to the real ask.
-- New higher bid of 7000 at .1630.
-- Basher / manipulator attempted to dupe someone else with a 613 share paint down - bid of 6387 maintained at .1600 and not cancelled.
-- Fake ask of 5000 at .2400 cancelled.
-- Back to just 2500 left at .2887 and estimated 10,000 left under .3000.
-- Undercut ask of 10K put up at .2800.
-- Nobody duped to sell into the 6387 bid at .1600 by the low undercut ask at .2800..
The manipulator is likely to get a shock and lose those shares at .2800 if any of the whales spot an update before he can cancel his sell order (exactly like happened on APRU again today).
It is still estimated that there is probably less than 10K in the .2887 to .0300 range.
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.