Trading Summary - Week July 8-12. Another exce
Post# of 4419
Another excellent week for $EVSV with 3.2 x the volume of the previous week - all at much higher prices up to a .6475 since a couple of manipulators started undercutting the ask post-r/s almost 5 months ago.
Early on, a couple of the OTC top traders - who trade $EVSV continuously long-term - took out the artificially low ask 15K wall that the manipulators had walked down to .5100 (and occasionally lower - they had retreated to .5100 after all and any small amounts in the .4500 > .5000 range were repeatedly taken out).
Thereafter, as predicted for months in the weekly DD / Rolling Brief, almost nothing was made available by the main holders under .6000 - some of the hold back attempt speed bumps from the manipulators were observed being cancelled - particularly in the .5600 > .5999 range.
The .6000 break was achieved relatively easily and the next ask was started at .6475.
The run was then ruined by a single, impatient, inconsiderate moron who whacked the .6100 bid for 4000 shares which then caused a number of inexperienced traders to panic. Whilst the main holders of $EVSV have no problem supporting the stock and buying at higher prices like .6100 - because they know that $EVSV will be moving into the $1 > $2 range at some point - they aren't going to facilitate an insignificant trader getting a small profit in the $100s.
Accordingly, the main top traders of $EVSV - at least 3 and probably 5 from my observations - then reverted to allowing the manipulators to walk the ask down to an artificially low level - whilst maintaining a back-stop bid to ensure the manipulators could not reload on the bid whilst also occasionally taking their ask at any time of their choosing.
During the week, we also had the 6th and 7th hemp progress update videos and notification that a further update would be forthcoming next week - including an update on the activities of the Pest Control Division .
Overall, another 179,248 shares were bought this week - the majority being in the much higher range .5500 > .6475.
Those waiting to load "just-in-time" for the move might like to consider buying in the .5300 to .7000 range while they still can - updates are likely to be coming out every few days now until the hemp crop at the first of many planned production site is harvested.
$EVSV remains the #3 Pick on the Watch List for profit earning potential in 2019 - out-trumped only by and $VYST - which will offer $500K > $1M+ profits if the NASDAQ requirement price is met [trading discipline and patience required] and $TMPS which had a DoD contract awarded that was 4 x the size I was expecting ($121M) when I originally ranked the picks for 2019.
As previously stated, the top traders in $EVSV are not going to waste our time playing in among the manipulation action apart from taking out asks when it suits us and maintaining a basher / flipper reload denial bid.
Expect continued loading - now more overtly - with a mixture of hidden bids, visible larger / higher bids and ask hits - until the main traders in this are ready to move it up a bound or so - above .7500.
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.
I will be updating the DD / Rolling Brief and Analysis of Loading At Bottom Price Levels over the weekend - plus keeping an eye out for any updates from WI and FL on hemp.
Items below the line unchanged from previous report and still valid [important points emphasized in bold]:
As usual, the TA updated the share structure in a timely manner as at July 1, 2019 - yet again confirming no dilution.
The 2018 Annual Report was filed on time with improved financials.
The 2019 Q1 Report was also filed within the extension timescale - key extracts here:
https://investorshangout.com/post/view?id=5443768
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 additional pest control and DoD infrastructure contracts, the startup up of the hemp "fast cash earning" operation, and expansion into as many as 7 states.
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.
The top traders who are controlling the majority of the Float are happy to keep a wide bid/ask spread - as it will force new interest to hit the ask especially if / when a share buyback is announced - whilst maintaining a r/s level par backstop to absorb any nonsense paint downs from bashers to add to their inventory.
There are now more than 99 x social media alerters / analysts that have $EVSV on their radar now for continued upward movement - as listed here (updated figures coming this weekend):
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.
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 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 6 states being considered - as one of the company's diversification efforts.
- Further updates on a share buyback by the company.
- Update to the share structure by mid-July, 2019.
- Further updates to the Hemp Division website.
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.