Summary - November 9. A satisfactory status qu
Post# of 4930
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 continued today accompanied by nonsense posts from the same 2 long-term basher / scammers on iHub - "RFB" and "surfkast" - trying to get cheap shares.
First, there was a paint down of 1300 shares at .1800 - which was either absorbed by MM ETRF without his 5000 bid being reduced - or their was another MM there invisible with less than 2500 shares. Again my non-visible bid at .2000 - set for alerting purposes - was bypassed.
Next, an artificially low ask of of .2400 was put in - below the previous .2997 - of which 800 were bought up.
Although I'm very busy with multiple others runners / reloaders from my Watch List, I'm going to be paying a bit more attention to $ECOX going forward to try to stop the bashers getting shares under .2000. I don't mind increasing my inventory to trade on future developments into 2019 as I still have a huge $multiple 5-figure margin between previously banked profits on $ECOX and the cost basis of my current inventory.
There is still almost nothing being offered under .4000 in realistic terms.
$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.
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.