Summary - December 24. Another satisfactory st
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Posted On: 12/24/2018 1:12:30 PM
Summary - December 24.
Another satisfactory status quo short pre-Christmas day for $ECOX.
- The unrealistic low ask of 3572 at .2100 put up on Friday was cancelled before the open.
- There was a ludicrous 20 share paint down attempt at .1010 which bypassed extant bids higher - including my non-visible extant one at .1501 - and of course didn't dupe anyone to sell.
- MMs continued to display .2300 as the last trade.
With only 4 trading days left in 2018, the whales in this should be able to eat up any shares that might be sold for a loss by small holders. Most of the .0001s (.1000s now) were bought by the main whales in this on August 28 specifically to trade in the gap up to .6000 where the bulk of the legacy shares - including those of the company president and his funding partner - have their cost basis. So they won't be selling.
Content below unchanged and still valid:
Expect continued games for the remainder of 2018 with traders jockeying for position to pick up any shares they can in the .1501 to .3000 range from those that are impatient. We can also expect the iHub basher morons to be in the mix again as they always are on the low float / low volume stocks at year end. The 100% runner today also had an irrelevant iHub board with mainly bashers there.
The waiting game continues for $ECOX. Realistically it would make sense for the company to not start the PR campaign until the 2019 now. In the meantime, the President has now hired an Executive Assistant (posted on otcmarkets.com).
Most whale traders in my tier will already have a $6-figure tax bill for 2018 and usually bid sit through to year-end on the higher price stocks over .1000 to absorb any cheap shares from the impatient who want to take a tax loss. I'll be bidding at various levels and also taking any ask I see that makes sense in my overall pyramid of holdings - thick at the bottom - thin at the top.
In the meantime, there is plenty going on elsewhere to keep Watch List followers occupied.
Another satisfactory status quo short pre-Christmas day for $ECOX.
- The unrealistic low ask of 3572 at .2100 put up on Friday was cancelled before the open.
- There was a ludicrous 20 share paint down attempt at .1010 which bypassed extant bids higher - including my non-visible extant one at .1501 - and of course didn't dupe anyone to sell.
- MMs continued to display .2300 as the last trade.
With only 4 trading days left in 2018, the whales in this should be able to eat up any shares that might be sold for a loss by small holders. Most of the .0001s (.1000s now) were bought by the main whales in this on August 28 specifically to trade in the gap up to .6000 where the bulk of the legacy shares - including those of the company president and his funding partner - have their cost basis. So they won't be selling.
Content below unchanged and still valid:
Expect continued games for the remainder of 2018 with traders jockeying for position to pick up any shares they can in the .1501 to .3000 range from those that are impatient. We can also expect the iHub basher morons to be in the mix again as they always are on the low float / low volume stocks at year end. The 100% runner today also had an irrelevant iHub board with mainly bashers there.
The waiting game continues for $ECOX. Realistically it would make sense for the company to not start the PR campaign until the 2019 now. In the meantime, the President has now hired an Executive Assistant (posted on otcmarkets.com).
Most whale traders in my tier will already have a $6-figure tax bill for 2018 and usually bid sit through to year-end on the higher price stocks over .1000 to absorb any cheap shares from the impatient who want to take a tax loss. I'll be bidding at various levels and also taking any ask I see that makes sense in my overall pyramid of holdings - thick at the bottom - thin at the top.
In the meantime, there is plenty going on elsewhere to keep Watch List followers occupied.
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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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