Summary - November 8. A satisfactory status qu
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Posted On: 11/08/2018 8:37:19 PM
Summary - November 8.
A satisfactory status quo day for $ECOX. All the main OTC whale traders were busy elsewhere whilst we await updates here.
There were no basher / manipulator paint downs at the open from orders placed before the open..
The paint down games then got more aggressive today from those who failed to buy large amounts at .1000 when they had the chance on Aug 28 or in the .1500 to .2999 range up to Oct 24 - someone is desperate to get about 70K in the .1700 to .2000 range ($12K)..
I was able to buy 3469 at .2400 - for an easy 100% to 200% at some point in the future.
On the next paint down, my non-visible bid at .2000 was bypassed by someone who set a trade at .1800.
A bidding war in depth ensured between at least 3 traders as documented in an earlier post resulting in the .1800 bid being topped up. The big buyer is still wanting 60,900.
As part of that game, the "here today / gone tomorrow" ask was moved to .3009.
There is still almost nothing being offered under .4000.
The price of entry for any significant amount is in the .3009 to .4000 range.
$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 were busy elsewhere whilst we await updates here.
There were no basher / manipulator paint downs at the open from orders placed before the open..
The paint down games then got more aggressive today from those who failed to buy large amounts at .1000 when they had the chance on Aug 28 or in the .1500 to .2999 range up to Oct 24 - someone is desperate to get about 70K in the .1700 to .2000 range ($12K)..
I was able to buy 3469 at .2400 - for an easy 100% to 200% at some point in the future.
On the next paint down, my non-visible bid at .2000 was bypassed by someone who set a trade at .1800.
A bidding war in depth ensured between at least 3 traders as documented in an earlier post resulting in the .1800 bid being topped up. The big buyer is still wanting 60,900.
As part of that game, the "here today / gone tomorrow" ask was moved to .3009.
There is still almost nothing being offered under .4000.
The price of entry for any significant amount is in the .3009 to .4000 range.
$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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