Summary - November 16. A satisfactory status q
Post# of 4930
A satisfactory status quo day for $ECOX whilst all the whale traders with an interest in it were extremely busy on 3 runners from my Watch List.
The ask was at the expected level .2400 - slightly increased to 7000 shares - the difference believed to be the balance of 2000 that the impatient small holder had at various levels .3300 to .2200 before he sold 7998 at .1900 a few days ago.
The top visible bid was at the expected level of .1501 with 5000 shares - reduced to 4999 and invisible by a ludicrous 1 share paint down - with the bid of 20,000 shares at .1500 in depth below.
There were no basher / manipulator paint downs at the open from orders placed before the open and just the silly 1 share paint down subsequently.
The next move will be to take out the 7000 shares at .2400.
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 now 5K on the bid now and 2.5K on the ask.
Look out for the 2018 Q3 filings which are now due by Monday after the extension applied for on Nov 13.
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.