Summary - October 17. More progress today for
Post# of 4930
More progress today 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 which had huge news today and gapped up and ran 50%.
All the iHub mentality amateurs were wasting their time yet again on MLHC today which traded another 591M shares today - that's over 3.6 Billion shares traded in 4 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, there was another new large bidder with 20K (20M in old money) at the higher level of .1900 outbidding the .1800 and .1600 from the previous few days.
As predicted yesterday, the suspect fake ask at .2000 was cancelled by the manipulator before he lost his shares.
Only 2500 shares could be bought by the bidder at .1900 - from the usual small paint down from the manipulator - but of course nobody was duped to part with any significant amount of their .1s even after a fake undercut ask was put up at .2800 (seen before a few weeks ago).
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.
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.