Summary - October 29. More progress for $ECOX
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Posted On: 10/29/2018 4:15:10 PM
Summary - October 29.
More progress for $ECOX today with all buying at .3200 > .3275 - 4,915 shares - as reported contemporaneously in earlier posts.
Not previously reported was a second ineffective paint down attempt using 25 shares at .3200 that was not listed on broker platform L2.
There was also a bidding competition going on in the .2000 to .3200 range - today at higher levels .2400/.2401/.2402/.2500/.3200. Only at .3200 was there any success in buying - for the oft repeated reasons.
The price of entry for any significant amount is now in the .3275 (up from .3250) to .4000 range although it might still be worth bidding at .3200 to catch basher paint downs or small holders willing to take a profit well above .3000.
$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 > .3275 - 4,915 shares - as reported contemporaneously in earlier posts.
Not previously reported was a second ineffective paint down attempt using 25 shares at .3200 that was not listed on broker platform L2.
There was also a bidding competition going on in the .2000 to .3200 range - today at higher levels .2400/.2401/.2402/.2500/.3200. Only at .3200 was there any success in buying - for the oft repeated reasons.
The price of entry for any significant amount is now in the .3275 (up from .3250) to .4000 range although it might still be worth bidding at .3200 to catch basher paint downs or small holders willing to take a profit well above .3000.
$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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