Summary - January 11. A satisfactory status qu
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Posted On: 01/11/2019 4:19:45 PM
Summary - January 11.
A satisfactory status quo day for $ECOX.
- The undercut ask of 3178 at .2200 from late Tuesday that was cancelled before the open Wednesday reappeared as 3028 at .2300 today. It's obviously just a small holder who is impatient and indecisive.
- The consistent first ask remained 6000 at .2500 as before.
- Bids in depth were unchanged with no likelihood of any significant fill unless they are raised above .2000 in my opinion.
- There were no basher paintdowns from orders placed before the open or thereafter.
- I'll update the DD / Rolling Brief at some point over the weekend.
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.
A satisfactory status quo day for $ECOX.
- The undercut ask of 3178 at .2200 from late Tuesday that was cancelled before the open Wednesday reappeared as 3028 at .2300 today. It's obviously just a small holder who is impatient and indecisive.
- The consistent first ask remained 6000 at .2500 as before.
- Bids in depth were unchanged with no likelihood of any significant fill unless they are raised above .2000 in my opinion.
- There were no basher paintdowns from orders placed before the open or thereafter.
- I'll update the DD / Rolling Brief at some point over the weekend.
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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"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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