Summary - January 10. Some progress today desp
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Posted On: 01/10/2019 5:14:43 PM
Summary - January 10.
Some progress today despite most top traders concentrating on a quick flip elsewhere in the market today when they spotted that a diluting market maker had dropped out of a particular stock with easy loading opportunities ($BLSP) and also the need to concentrate on one of the other top picks $IJJP which has already started its move off the 2019 bottom..
On $ECOX, the following was noted:
- The undercut ask of 3178 at .2200 from late Tuesday that was cancelled before the open Wednesday did not reappear today.
- The first ask remained 6000 at .2500 as before.
- 22,000 shares were bought at .1600 and .1690 - the equivalent of 22M in pre-r/s bottom price terms - from an impatient trader willing to accept a 60%/69% profit. So either the shares have changed hands to one of the other long term whale buyers (it wasn't me as I was busy elsewhere) or it may be the start of serious buying by the Company President or his funding partner who currently have shares bought at much higher prices (.6000 per 2018 Q3). Watch out for more large ask hits or serious bids in the .1600 to .2400 range ahead.
- The visible bid at .1101 was increased to 20,000 - above the 10,000 at .1000 - and below my invisible bid at .1100. Remember only non-AON bids of 5000 shares or more are visible and all AON bids are invisible.
- There were no basher paintdowns from orders placed before the open or thereafter.
Items below the line unchanged 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.
The Verified Company Profile was recently updated as at December 31, 2018 showing no dilution of the unrestricted common shares in 2017 and 2018 and the availability of restricted shares to complete the ongoing acquisition.
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 $ECOX with the new company expected to start a PR campaign sometime in 2019.
In the meantime there has been plenty going on right from the open on January 2, 2019 for those who loaded my other Watch List picks over the last few months with several expected to pay off straight away.
Some progress today despite most top traders concentrating on a quick flip elsewhere in the market today when they spotted that a diluting market maker had dropped out of a particular stock with easy loading opportunities ($BLSP) and also the need to concentrate on one of the other top picks $IJJP which has already started its move off the 2019 bottom..
On $ECOX, the following was noted:
- The undercut ask of 3178 at .2200 from late Tuesday that was cancelled before the open Wednesday did not reappear today.
- The first ask remained 6000 at .2500 as before.
- 22,000 shares were bought at .1600 and .1690 - the equivalent of 22M in pre-r/s bottom price terms - from an impatient trader willing to accept a 60%/69% profit. So either the shares have changed hands to one of the other long term whale buyers (it wasn't me as I was busy elsewhere) or it may be the start of serious buying by the Company President or his funding partner who currently have shares bought at much higher prices (.6000 per 2018 Q3). Watch out for more large ask hits or serious bids in the .1600 to .2400 range ahead.
- The visible bid at .1101 was increased to 20,000 - above the 10,000 at .1000 - and below my invisible bid at .1100. Remember only non-AON bids of 5000 shares or more are visible and all AON bids are invisible.
- There were no basher paintdowns from orders placed before the open or thereafter.
Items below the line unchanged 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.
The Verified Company Profile was recently updated as at December 31, 2018 showing no dilution of the unrestricted common shares in 2017 and 2018 and the availability of restricted shares to complete the ongoing acquisition.
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.
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.
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(0)Eco Innovation Group Inc (ECOX) Stock Research Links
"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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