Summary - October 26. More progress for $ECOX
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Posted On: 10/26/2018 4:20:43 PM
Summary - October 26.
More progress for $ECOX today with all buying at .3200 - 7,635 shares - as reported contemporaneously in earlier posts.
There was one ineffective paint down attempt using 8 shares at .2300 and a complete gibberish nonsense post from one of the usual suspects.
There was also a bidding war going on in the .2000 to .3000 range - again theorized in earlier posts.
The price of entry for any significant amount remains in the .3250 to .4000 range although it might be worth bidding at .3200 to catch basher paint downs or small holders willing to take a profit well above .3000.
Just as the bidding war started, all the main traders in ECOX had to switch to my other main trade of 2018 into 2019 - $IJJP - which had the entire ask at .0004 bought out in 2 individual seconds on 2 updates, 2 other developments and more updates known to be coming over the weekend.
$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 have changed to 2.5K on the bid now and remain 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.
More progress for $ECOX today with all buying at .3200 - 7,635 shares - as reported contemporaneously in earlier posts.
There was one ineffective paint down attempt using 8 shares at .2300 and a complete gibberish nonsense post from one of the usual suspects.
There was also a bidding war going on in the .2000 to .3000 range - again theorized in earlier posts.
The price of entry for any significant amount remains in the .3250 to .4000 range although it might be worth bidding at .3200 to catch basher paint downs or small holders willing to take a profit well above .3000.
Just as the bidding war started, all the main traders in ECOX had to switch to my other main trade of 2018 into 2019 - $IJJP - which had the entire ask at .0004 bought out in 2 individual seconds on 2 updates, 2 other developments and more updates known to be coming over the weekend.
$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 have changed to 2.5K on the bid now and remain 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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