Summary - October 23. A milestone day for $ECO
Post# of 4930
A milestone day for $ECOX with everything under .3000 finally being bought out - after several days of manipulation attempts to hold it up - initially in the .2500 to .2800 range and latterly in the .2998 to .0300 range.
Overall, 10,000 was bought on the ask at .2998 and .2999 in a single second.
The remaining 2500 at .2999 was subsequently cancelled as it was obvious that it could be sold much higher in due course.
The ask then went straight to .3250 confirming my analysis that it should be extremely thin to .4000 then to .5000 and to .6000.
A new bidder had come in earlier at .2310 - above the previous .2300 - but cancelled later as it has been evident for days that there is little likelihood of bids on a wide spread getting filled with the people holding anything under .3000 having bought specifically to trade in the .3000 to .6000 gap and then above.
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.
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.