Summary - January 7. A satisfactory status quo
Post# of 4930
A satisfactory status quo day for $ECOX whilst most traders in the market were busy loading several of the cheaper Watch List stocks.
On $ECOX, the following was noted:
- An undercut ask of 3528 appeared at .2200 from an insignificant odd small lot shareholder who had previously tried at .2300.
- 500 of the undercut ask at .2200 was bought.
- There was then a 1 share paint down attempt placed at .1100 which filled part of my extant invisible bid at .1501.
- There was then a 10 share paint down attempt at .1100 that filled another higher invisible bid - presumably above mine at .1501.
- Visible bids in depth remained at .1000 and .1100 - unchanged from all of last week.
- The manipulation attempts to paint an unrealistic .1100 were ignored by the MMs who continued to show the last trade as .2200 from the earlier ask buy.
- The Verified Company Profile was recently updated as at December 31, 2018 showing no dilution of the unrestricted common shares in 201 and 2019 and the availability of restricted shares to complete the ongoing acquisition.
Items below the line unchanged (apart from tense) and still valid.
- For the second year running, the whale repeat traders and long-term followers of $ECOX prevented the bashers on the non-influential iHub board from reloading at year bottom prices.
- It has always been the intent to trade those .1000s 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. That is why there has been very little profit taking in the .1000 to .3500 range relative to the amount loaded in the .1000 to .2000 range.
Expect continued games at the start of 2019 with traders jockeying for position to pick up any shares they can in the .1501 to .3000 range from those that are impatient.
The iHub bashers - having been proved non-credible on $ECOX throughout 2018 - appear to have moved on to other stocks now but I will continue to record their activities.
The waiting game continues for $ECOX with the new company expected to start a PR campaign sometime in 2019 now.
In the meantime there has been plenty going on right from the open on January 2, 2019 for those who loaded my other Watch List picks over the last few months with several expected to pay off straight away.
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.