Trading Summary - March 15. A more than satisf
Post# of 4419
A more than satisfactory day for $EVSV - slightly better than the expected "status quo" whilst top traders were pre-occupied with jockeying for position around the $VYST court hearing.
The majority of the trading action - and manipulation attempts - have already been reported in earlier contemporaneous posts but in summary:
- Artificially low undercut ask at .4900 - below the real ask at .5399 - reappeared twice. When hit it would either be slow to fill, not fill, be cancelled or have the balance retreat to an artificially low .5100 .
- Additional ask hits above .4900 took out the .5399s and started the .5400s.
- As usual, only insignificant amounts could be bought on the bid from paint downs.
- The highest non-visible bid to have a successful bu y by intercepting a paint down was .4830.
- At one point - when trying to do paint downs to dupe others to sell - MMs didn't show the extant bids in the .3600 > .4200 range.
- When the bids re-appeared at .4000/.4001/.4010/.4100/.4200, additional bidders came in at .4300 and .4400 - but still too low to tempt low level profit takers or small holders exiting . Such bids need to be in the .4600 > .500 0 range in my opinion.
- The current highest visible bid of .4400 is in a GTC and remained in place at the close.
Overall, another 11,638 shares were bought today - over 4 x yesterday's amount - all were in the "as near to .4000 / .0002 as makes no difference" range under the .6000 equivalent of .0003 in "old"money. Of these, 9,938 were at .4900 and above - of which 2,000 were at .5399/.5400 (the reminder being 3 small paint downs).
Over the weekend I'll list the credible alerters on social media who have $EVSV on their radar now.
I may also update the DD / Rolling Brief & Analysis of Loading At Bottom Price Levels if I feel it is worthwhile - particularly if there are further updates from the company or a need to firmly debunk any further returning nonsense on iHub.
This will remain the main board for analysis of trading action. I will make occasional posts on iHub to debunk nonsense and keep the correct analysis in my single Mod sticky and 1 > 3 Plus 1 slots.
Items below the line unchanged from previous report and still valid [important points emphasized in bold]:
Both the were updated on March 14 - and the former was also posted on iHub to debunk the basher nonsense:
https://investorshangout.com/post/view?id=5379626
https://investorshangout.com/post/view?id=5379596
Expect continued loading by stealth - with a mixture of hidden bids, visible large bids and ask hits - until the main traders in this are ready to move it up a bound or so - above .6000 initially.
Don't expect any significant amount to be offered under .6000 as it is not unreasonable to expect to see $1 to $2 at some point in 2019 based on the thin share structure, the majority of shares being in the hands of savvy traders, and multiple catalysts ahead such as the 2018 Annual Report, additional pest control and DoD infrastructure contracts and the startup up of the hemp "fast cash earning" operation.
Most of the main traders in the OTC - including me - are too busy to be bothered jockeying for position with the manipulators . We already have our core .4000s (or equivalent .0002s from January 14) and don't need to prioritize time on $EVSV until deciding to take out everything under 1.0000 when a suitable opportunity arises.
There is still very little in asks under .6000 and $EVSV should be extremely thin to 1.000+. Note how correct this has turned out to be !
Any one of the significant traders in $EVSV could move it to 1.000 single handed if they chose to . I might do it myself just to deny the cheap shares to the basher / manipulators on a day that is relatively inactive on my other top picks.
Overall, $EVSV continues to play out exactly as I expected and suggested it would for those following my proven "trading through a r/s" strategy. It is maintaining the pre-r/s par of .0002 / .4000.
Ahead expect:
- Continued manual and further automatic outbidding.
- Closing of the spread and / or hitting the ask across a wide spread when an artificially low fake ask is seen .
- More hits on the ask from those that failed to load .0002/3/4 [.4000 > .8000] on January 14 before the r/s and who only have .0005 [1.000] and above.
- More bids at higher levels in the .4600 to .5500 range if they prove successful in weeding out a few impatient people.
- Further updates on the progress of entry into the hemp sector - particularly in the other 3 states being considered - as one of the company's diversification efforts.
- Further updates on a share buyback by the company.
Enviro-Serv, Inc. (EVSV) 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.