Summary - November 1. A satisfactory status qu
Post# of 4930
A satisfactory status quo day for $ECOX today considering all the main OTC whale traders that are in it were trading another 300% runner from my Watch List which had been relatively inactive for almost a year ($PJET).
The multiple $5-figure capital + profits recovered from $PJET are likely to be redeployed into other top picks over the coming days - mainly $ECOX and $IJJP.
It is evident that at least one trader is preparing for a rapid move up with the long extant 5000 on the ask at .3275 being removed during trading today.
The next real ask is now just 3000 available at .3400.
There are only 2 out of 5 MMs offering anything under .4000.
The highest visible bid at .2400 was still at the increased level 3470 shares today.
There may of course be other bids at higher prices less than 2500 shares to catch any paint downs.
There were no basher / manipulator paint downs at open from orders placed before the open or thereafter. A post debunking nonsense from iHub moron "surfkast" was posted there today.
The price of entry for any significant amount is now in the .3400 (up from .3275) to .4000 range. It might still be worth bidding at .3300 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 .3400 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.
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.