Summary - November 6. A satisfactory status qu
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Posted On: 11/06/2018 4:58:35 PM
Summary - November 6.
A satisfactory status quo day for $ECOX. All the main OTC whale traders that are in $ECOX were busy reloading a recent runner alongside a MM who was clearly buying for a large customer and jockeying for bottom positions in others.
Of significance today, the TA chased up otcmarkets.com after I hastened them yesterday and the share structure was updated on otcmarkets.com showing yet again no change and hence no dilution whatsoever in 2017 and 2018. See sticky # 3446.
Various undercut asks were put up / changed / cancelled at various points as already reported in an earlier post. In addition, the 3250 at .3200 was cancelled before the close. 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 or indeed at all..
There is still almost nothing being offered under .4000.
The highest visible bid was still at 3469 at .2400.
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.
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 October 31, 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 reloading a recent runner alongside a MM who was clearly buying for a large customer and jockeying for bottom positions in others.
Of significance today, the TA chased up otcmarkets.com after I hastened them yesterday and the share structure was updated on otcmarkets.com showing yet again no change and hence no dilution whatsoever in 2017 and 2018. See sticky # 3446.
Various undercut asks were put up / changed / cancelled at various points as already reported in an earlier post. In addition, the 3250 at .3200 was cancelled before the close. 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 or indeed at all..
There is still almost nothing being offered under .4000.
The highest visible bid was still at 3469 at .2400.
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.
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 October 31, 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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