Summary - November 2. A satisfactory status qu
Post# of 4930
A satisfactory status quo day for $ECOX. All the main OTC whale traders that are in $ECOX were loading another of the top picks from my Watch List today - $IJJP which started to move its base up 75% and close at the .0007 hod prior to the breakout into the .0011 to .0020 range. It was the priority today once as I would like to see $IJJP above .0010 before any of the anticipated updates come out in the same way as I would like to see $ECOX above .5000 or better still .6000 before any update.
As predicted in yesterday's summary here, the multiple $5-figure capital + profits recovered from $PJET were indeed partly redeployed into $IJJP today. I see $ECOX running possibly next after that to give loyal followers here the chance to take everything up to and including .4000 before others get alerted.
The .3275 ask that was pulled yesterday was absent at the open leaving the next real ask at .3400. At some point during the busy day, an insignificant undercut ask was put up at .3390.
There are still 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 the open from orders placed before the open or thereafter. Notorious iHub moron / scammer / basher "surfkast" - the one who can't even do basic math let alone trade but posts irrelevances - was back again there today - I'm way too busy to deal with his nonsense so I will be #boycotiHub for now - just like I was on $IJJP - so the rapid start to any move comes as a surprise.
The price of entry for any significant amount is still 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 (such as the .3390 that appeared today if it isn't pulled before the open Monday).
$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 soon - I was to busy to hasten the TA today.
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.