Summary - October 19. A more than satisfactory
Post# of 4930
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Posted On: 10/19/2018 4:50:22 PM
Summary - October 19.
A more than satisfactory consolidation / loading day for $ECOX at higher levels - .2500 to .2887 - as reported in the contemporaneous earlier posts today.
At the open, the 7K+ from the manipulator - put back up yesterday when the .2500 bid came in - had been cancelled.
One of the long-term main traders of $ECOX bought 5000 at .2887 but those trying to get in made the mistake of trying to outbid each other at .1800 and above rather than hitting the ask to get the .3 break.
At this point, there was now a lot of other activity in the market on my Watch List stocks that needed immediate attention.
One of the whale bidders then moved up to .2500 with 15K - as it was obvious he wasn't going to get filled lower - and the manipulator put the 7K back up at .2800. The bid at .2500 was set at an amount both greater than the initial amount yesterday and greater than the amount left at the close after some was filled by paint downs.
By the close, another 25,000 had been bought in the .2500 to .2887 range -
as shown below - plus 155 at .2300 from a basher / manipulator paint down:
.2887: 5,000
.2600: 5,000
.2500: 15,000
At the close, there was around 9.5K shown as left at .2800 and still only about 20K total being offered below the .3+ break.
The top bid shown at the close was 5K+ at .2300 - the big bidder at .2500 having succeeded in getting the shares he wanted.to trade in the .3 to .6 gap. There are probably bids less than 5000 at levels between .2300 and .2800 and therefore not shown.
At these higher price levels, minimum shares to be shown on bid / ask are at the discretion of individual MMs. The current settings still appear to be 5K on the bid and 2.5K on the ask.
The amateur end of the trader spectrum was still tied up in MLHC which traded another 275M today making 4.275 Billion plus in 6 days. Despite news, it closed at the same price and continues to tie up so much cash out of the total available for OTC market trading. Numerous much better, no brainer, thin to the upside, off-the-bottom stocks are still not getting the attention they deserve - there is no end in sight for how long this will continue. The higher the savvy traders get the better no brainers - including ECOX - before the those trading MLHC get their cash back and start looking for movers the better. It would be ideal if we can get to the .6 level where the company shares are before then.
The DD / Rolling Brief sticky will be updated this weekend to reflect the recent loading and likely imminent breakout above .3.
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.
A more than satisfactory consolidation / loading day for $ECOX at higher levels - .2500 to .2887 - as reported in the contemporaneous earlier posts today.
At the open, the 7K+ from the manipulator - put back up yesterday when the .2500 bid came in - had been cancelled.
One of the long-term main traders of $ECOX bought 5000 at .2887 but those trying to get in made the mistake of trying to outbid each other at .1800 and above rather than hitting the ask to get the .3 break.
At this point, there was now a lot of other activity in the market on my Watch List stocks that needed immediate attention.
One of the whale bidders then moved up to .2500 with 15K - as it was obvious he wasn't going to get filled lower - and the manipulator put the 7K back up at .2800. The bid at .2500 was set at an amount both greater than the initial amount yesterday and greater than the amount left at the close after some was filled by paint downs.
By the close, another 25,000 had been bought in the .2500 to .2887 range -
as shown below - plus 155 at .2300 from a basher / manipulator paint down:
.2887: 5,000
.2600: 5,000
.2500: 15,000
At the close, there was around 9.5K shown as left at .2800 and still only about 20K total being offered below the .3+ break.
The top bid shown at the close was 5K+ at .2300 - the big bidder at .2500 having succeeded in getting the shares he wanted.to trade in the .3 to .6 gap. There are probably bids less than 5000 at levels between .2300 and .2800 and therefore not shown.
At these higher price levels, minimum shares to be shown on bid / ask are at the discretion of individual MMs. The current settings still appear to be 5K on the bid and 2.5K on the ask.
The amateur end of the trader spectrum was still tied up in MLHC which traded another 275M today making 4.275 Billion plus in 6 days. Despite news, it closed at the same price and continues to tie up so much cash out of the total available for OTC market trading. Numerous much better, no brainer, thin to the upside, off-the-bottom stocks are still not getting the attention they deserve - there is no end in sight for how long this will continue. The higher the savvy traders get the better no brainers - including ECOX - before the those trading MLHC get their cash back and start looking for movers the better. It would be ideal if we can get to the .6 level where the company shares are before then.
The DD / Rolling Brief sticky will be updated this weekend to reflect the recent loading and likely imminent breakout above .3.
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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