Summary - November 14. There were no basher /
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Posted On: 11/14/2018 4:15:28 PM
Summary - November 14.
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 2 runners from my Watch List that were consolidating / reloading.
There was an insignificant paint down of 10 shares filled at .194 - it didn't come to me so there must be others with bypassed part filled bids of less than 2500 shares in the .1940 to .2000 range.
The 9998 share undercut ask that has been tried before at various levels re-appeared at .2300 again today after being removed yesterday - repeating the pattern of Monday. It had previously been seen at levels as high as .3300 undercutting the ask at .3400.
Later, a major portion of it - 7998 shares - was lowered to .2200. It was subsequently traded into the highest visible bid at .1900. So we have finally got rid of an amount from an indecisive small holder and made $ECOX thinner to the upside in the .2400 to .4000 range as the trader who bought it did not put it up for a low level flip. Better traders wouldn't have put more than 5000 up at a time at these price levels in the first place.
The next move will be to take out the 5000 at .2400. I wouldn't be surprised to see it pulled anyway before the close on Friday now we know that the 2018 Q3 filings should be up by Monday (per the extension filed yesterday) .
Overall, only 8,008 could be bought on the bid today - filling at .1900/.1940.
There is still almost nothing being offered under .4000 in realistic terms - perhaps 20,000 to 30,000 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.
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 2 runners from my Watch List that were consolidating / reloading.
There was an insignificant paint down of 10 shares filled at .194 - it didn't come to me so there must be others with bypassed part filled bids of less than 2500 shares in the .1940 to .2000 range.
The 9998 share undercut ask that has been tried before at various levels re-appeared at .2300 again today after being removed yesterday - repeating the pattern of Monday. It had previously been seen at levels as high as .3300 undercutting the ask at .3400.
Later, a major portion of it - 7998 shares - was lowered to .2200. It was subsequently traded into the highest visible bid at .1900. So we have finally got rid of an amount from an indecisive small holder and made $ECOX thinner to the upside in the .2400 to .4000 range as the trader who bought it did not put it up for a low level flip. Better traders wouldn't have put more than 5000 up at a time at these price levels in the first place.
The next move will be to take out the 5000 at .2400. I wouldn't be surprised to see it pulled anyway before the close on Friday now we know that the 2018 Q3 filings should be up by Monday (per the extension filed yesterday) .
Overall, only 8,008 could be bought on the bid today - filling at .1900/.1940.
There is still almost nothing being offered under .4000 in realistic terms - perhaps 20,000 to 30,000 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.
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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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