Summary - October 24. Another milestone day fo
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Posted On: 10/24/2018 4:41:25 PM
Summary - October 24.
Another milestone day for $ECOX with the first buy going through above .3000 at .3200 - an all-time high and post highly successful r/s high (up 220%).
At the open, one of the basher manipulators made an insignificant 1,000 trade at .2998 in the opening second - from an order placed before the open
probably set lower - but it was bought by a higher hidden bid (for less than 2,500 shares) at .2998.
Someone else increased the bid at .2998 so that it was visible.
Other traders failed to hit the ask immediately above .3000 and so - per his usual modus operandi - the person who had been attempting manipulation by putting up 7,000+ shares at various prices in the .2500 to .2900 over the previous several days - whilst also using small amounts for paint downs at the bid price in attempts to get more shares lower - traded at the greatly increased bid price of .2998 (had been .2300 with no hope of filling yesterday) and created a small undercut ask.
He then got caught out by one of the other whale traders in $ECOX spotting that the company had been granted registration in FL - where the President and company HQ is located - effective October 19, 2018.
Soon after, one of the bidders took out the remaining .2998s and another bought at .3200.
Overall, another 10,099 was bought today as follows:
.2998: 10,000
.3200: 2,599
The next ask shown is just 2,500 shares at .3250 via 1 x MM and there are still only 2 x MM out of 5 under .4000.
$ECOX will remain extremely thin to .4000 then to .5000 and to .6000 per the previous analysis which is playing out exactly as expected..
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.
Another milestone day for $ECOX with the first buy going through above .3000 at .3200 - an all-time high and post highly successful r/s high (up 220%).
At the open, one of the basher manipulators made an insignificant 1,000 trade at .2998 in the opening second - from an order placed before the open
probably set lower - but it was bought by a higher hidden bid (for less than 2,500 shares) at .2998.
Someone else increased the bid at .2998 so that it was visible.
Other traders failed to hit the ask immediately above .3000 and so - per his usual modus operandi - the person who had been attempting manipulation by putting up 7,000+ shares at various prices in the .2500 to .2900 over the previous several days - whilst also using small amounts for paint downs at the bid price in attempts to get more shares lower - traded at the greatly increased bid price of .2998 (had been .2300 with no hope of filling yesterday) and created a small undercut ask.
He then got caught out by one of the other whale traders in $ECOX spotting that the company had been granted registration in FL - where the President and company HQ is located - effective October 19, 2018.
Soon after, one of the bidders took out the remaining .2998s and another bought at .3200.
Overall, another 10,099 was bought today as follows:
.2998: 10,000
.3200: 2,599
The next ask shown is just 2,500 shares at .3250 via 1 x MM and there are still only 2 x MM out of 5 under .4000.
$ECOX will remain extremely thin to .4000 then to .5000 and to .6000 per the previous analysis which is playing out exactly as expected..
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.
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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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