Summary - October 30. A satisfactory status qu
Post# of 4930
A satisfactory status quo day for $ECOX today whilst most of the main holders were heavily involved in profit taking on other runners from my Watch List or reloading others at 2018 bottom prices prior to imminent runs.
At the open, the previous close position was maintained with no iHub basher / manipulator paint downs using orders placed before the open.
The high bid was .2400 with 2500 shares.
Next, one of the manipulators put a ludicrous 10,000 shares up on an undercut ask. When it was at .3200, 900 shares were bought leaving 9,100.
Another small holder got in the mix undercutting the manipulator (twice).
The manipulator then did a 30 share paint down at 2400 - leaving 2470 - which being below 2500 will not show but will catch any other paint downs as it is still there in a GTC order.
Then both undercut asks at .3149 and .3150 were cancelled about 10 minutes before the close after it was obvious that nobody was going to be duped to sell any significant amount below .3000.
The ask then reverted to the same as at the close yesterday and the open today - 5000 at .3275
Only 930 could be bought today under .3275 - 900 at .3200 and 30 (from the paint down) at .2400.
The price of entry for any significant amount remains 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 or to hit the manipulator hard and fast if he appears under .3275 again.
$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 are still 2.5K on the bid now and 2.5K on the ask.
2 more of the long-term, repeat successful whale traders of $ECOX (making 3 with me) are now watching at all times again and for the moment have ceased #boycottiHub so as to debunk any basher nonsense on a continuing basis.
We should see the next update to the Verified Company Profile as early as after the close tomorrow but certainly before the end of the week.
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.