Summary - November 13. There were no basher /
Post# of 4930
There were no basher / manipulator paint downs at the open from orders placed before the open.
Thereafter the games to get cheap shares continued whilst all the main whales.with a long-term interest in $ECOX were busy on 3 runners from my Watch List.
The 9998 share undercut ask that has been tried before at various levels re-appeared at .2300 again today after being removed yesterday.
There was a suspicious 10K trade at .1700 - which again bypassed my remaining hidden bid of 2070 at .1800. Not only did the 5K bid at .1700 not count down it was subsequently increased to show 10K. So, as suspected previously, that is the level that a MM is trying to pick up the 70K (seen previously) for a client.
Overall, only 10,000 could be bought on the bid today - filling at .1700.
There is still almost nothing being offered under .4000 in realistic terms - perhaps 30,000 to 50,000 total..
$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 #3459.
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.