Summary - November 5. A satisfactory status qu
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Posted On: 11/05/2018 5:56:03 PM
Summary - November 5.
A satisfactory status quo day for $ECOX. All the main OTC whale traders that are in $ECOX were busy trading up to 4 other stocks from my Watch List again today.
Various manipulation games were tried again with undercut asks under .3400 as already reported in earlier posts. Of course nobody was duped to sell for the oft stated reasons.
There were no basher / manipulator paint downs at the open from orders placed before the open.
However, there was one failed attempt later to paint down with 1 share at .2400 - MMs did not record it in L2 and the last trade price wasn't changed.
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 of 3470 sharesat the open today (3469 later).
There may of course be other bids at higher prices less than 2500 shares to catch any paint downs - but the basher doesn't know what to set on his sell order other than .2400.
The price of entry for any significant amount is still in the .3400 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 soon - I just called the TA who do send the updates automatically electronically to otcmarkets.com each month - they are going to remind otcmarkets.com it still requires action at their end (who of course are busy with lots of filings this time of year).
Items below the line unchanged from the previous summary - included for new followers:
$ECOX Rolling Brief at sticky #3441.
https://investorshangout.com/post/view?id=5252283
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. All the main OTC whale traders that are in $ECOX were busy trading up to 4 other stocks from my Watch List again today.
Various manipulation games were tried again with undercut asks under .3400 as already reported in earlier posts. Of course nobody was duped to sell for the oft stated reasons.
There were no basher / manipulator paint downs at the open from orders placed before the open.
However, there was one failed attempt later to paint down with 1 share at .2400 - MMs did not record it in L2 and the last trade price wasn't changed.
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 of 3470 sharesat the open today (3469 later).
There may of course be other bids at higher prices less than 2500 shares to catch any paint downs - but the basher doesn't know what to set on his sell order other than .2400.
The price of entry for any significant amount is still in the .3400 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 soon - I just called the TA who do send the updates automatically electronically to otcmarkets.com each month - they are going to remind otcmarkets.com it still requires action at their end (who of course are busy with lots of filings this time of year).
Items below the line unchanged from the previous summary - included for new followers:
$ECOX Rolling Brief at sticky #3441.
https://investorshangout.com/post/view?id=5252283
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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