Summary - November 19. A satisfactory status q
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Posted On: 11/19/2018 5:58:38 PM
Summary - November 19.
A satisfactory status quo day for $ECOX whilst all the whale traders with an interest in it were extremely reloading 2 runners and a new alert from my Watch List.
Minor games by the 1 to 3 known manipulators trying to get cheap shares under .3400 continued.
Changes today were:
- Ask at .2400 reduced from 7000 to 5000 .
- New bidder at .1510 with 5700 shares outbidding the invisible 4999 at .1501 and 20,000 at .1500 in depth below.
Paint downs were a repeat of the ludicrous 1 share seen on Friday and later a further 65 shares at .1510. This appears to be designed to discourage bidding at the higher levels since the buy commission is taken even if only 1 share is bought. It isn't going to discourage whale traders like me who due to their huge turnover in trades in a year have the lowest possible commission rates from their broker. Again, the MMs discounted the nonsense trades and continued to show .1900 as the last trade.
There were no basher / manipulator paint downs at the open from orders placed before the open and just the silly 66 share total in other paint downs subsequently.
The next move will be to take out the 5000 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 were anticipated by midnight tonight in the last extension filed for on Nov 13 - or another extension .
Daily summaries on all my closely watched alerts may be a few hours after the close from now on so I can get out and about.
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.
A satisfactory status quo day for $ECOX whilst all the whale traders with an interest in it were extremely reloading 2 runners and a new alert from my Watch List.
Minor games by the 1 to 3 known manipulators trying to get cheap shares under .3400 continued.
Changes today were:
- Ask at .2400 reduced from 7000 to 5000 .
- New bidder at .1510 with 5700 shares outbidding the invisible 4999 at .1501 and 20,000 at .1500 in depth below.
Paint downs were a repeat of the ludicrous 1 share seen on Friday and later a further 65 shares at .1510. This appears to be designed to discourage bidding at the higher levels since the buy commission is taken even if only 1 share is bought. It isn't going to discourage whale traders like me who due to their huge turnover in trades in a year have the lowest possible commission rates from their broker. Again, the MMs discounted the nonsense trades and continued to show .1900 as the last trade.
There were no basher / manipulator paint downs at the open from orders placed before the open and just the silly 66 share total in other paint downs subsequently.
The next move will be to take out the 5000 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 were anticipated by midnight tonight in the last extension filed for on Nov 13 - or another extension .
Daily summaries on all my closely watched alerts may be a few hours after the close from now on so I can get out and about.
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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