Summary - October 31. A satisfactory status qu
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Posted On: 10/31/2018 4:14:55 PM
Summary - October 31.
A satisfactory status quo day for $ECOX today - especially considering that most traders were having to work through the E*Trade L2 issues for the first 3 hours which meant that the thin ask was not showing and nor were almost all the in-depth bids.
The fake undercut asks at .3149 and .3150 that were cancelled yesterday were not put back up either at the open or thereafter today.
There were no basher / manipulator paint downs at open from orders placed before open or thereafter. Another notorious "post nonsense and make paint downs to get cheap shares" merchant has reappeared on iHub now.
The real ask was still just 5000 left at .3275.
The highest visible bid at .2400 was increased by 1000 to 3470 so that it would show.
There may of course be other bids at higher prices less than 2500 shares to catch any paint downs.
The price of entry for any significant amount remains in the .3275 to .4000 range. 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.
We should see the next update to the Verified Company Profile as early as after the close today 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.
A satisfactory status quo day for $ECOX today - especially considering that most traders were having to work through the E*Trade L2 issues for the first 3 hours which meant that the thin ask was not showing and nor were almost all the in-depth bids.
The fake undercut asks at .3149 and .3150 that were cancelled yesterday were not put back up either at the open or thereafter today.
There were no basher / manipulator paint downs at open from orders placed before open or thereafter. Another notorious "post nonsense and make paint downs to get cheap shares" merchant has reappeared on iHub now.
The real ask was still just 5000 left at .3275.
The highest visible bid at .2400 was increased by 1000 to 3470 so that it would show.
There may of course be other bids at higher prices less than 2500 shares to catch any paint downs.
The price of entry for any significant amount remains in the .3275 to .4000 range. 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.
We should see the next update to the Verified Company Profile as early as after the close today 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.
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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.