Summary - October 16. Another satisfactory day
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Posted On: 10/16/2018 4:07:10 PM
Summary - October 16.
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 other trades including one of my repeat 2-day cycle surge flip winners from my Watch List.
All the iHub mentality amateurs were wasting their time yet again on MLHC today which traded another 1.2 Billion an average price lower than yesterday - that's over 3 Billion shares traded in 3 days - 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 manipulation attempts have already been covered in an earlier post.
The bottom line is a new bidder came in at .1800 - above yesterday's .1600 - and did not get filled.
The spread has closed right up to .1800 x the suspected fake ask of 2500 at .2000.
If not cancelled, the manipulator is likely to loose those shares at .2000 without being able to replace them at .1800.
The likely real ask remains at just 2500 at .2887.
It is still estimated that there is probably less than 10K in the .2887 to .0300 range.
Only 5,187 shares could be bought at the bid prices today from the 3 small paint down attempts that - of course - failed to dupe any significant trader from parting with the shares they bought specifically to trade in the .3 to .6 gap under the other legacy holdings.
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.
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 other trades including one of my repeat 2-day cycle surge flip winners from my Watch List.
All the iHub mentality amateurs were wasting their time yet again on MLHC today which traded another 1.2 Billion an average price lower than yesterday - that's over 3 Billion shares traded in 3 days - 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 manipulation attempts have already been covered in an earlier post.
The bottom line is a new bidder came in at .1800 - above yesterday's .1600 - and did not get filled.
The spread has closed right up to .1800 x the suspected fake ask of 2500 at .2000.
If not cancelled, the manipulator is likely to loose those shares at .2000 without being able to replace them at .1800.
The likely real ask remains at just 2500 at .2887.
It is still estimated that there is probably less than 10K in the .2887 to .0300 range.
Only 5,187 shares could be bought at the bid prices today from the 3 small paint down attempts that - of course - failed to dupe any significant trader from parting with the shares they bought specifically to trade in the .3 to .6 gap under the other legacy holdings.
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.
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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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