Trading Summary - Week July 15-19. Another exc
Post# of 4419
Another excellent week for $EVSV with multiple updates about the excellent progress being made with hemp production and large investor interest plus today's shareholder DD discovery regarding a reverse merger which hasn't even been PR'ed yet.
The usual suspects on iHub attempted walking down small holdback asks at artificially low prices - as they have done continuously since the successful r/s 6 months ago - and on every occasion they were bought out decisively and prevented from reloading by flipper denial bids from the top traders in $EVSV.
Today, all the low asks were either bougt out, cancelled or retreated all the way to .6475 - the previous high of last week.
Overall, another another 90,362 shares were bought this week - the majority being in the much higher range .5700 > .6475.
Those waiting to load "just-in-time" for the move might like to consider buying in the .6475 > .9999 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 - and of course details of the company restructuring..
$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 .$1.000.
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 [except for prices moved upwards] 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 $1.000 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.
There is still very little in asks under $1.000 and $EVSV should be extremely thin well into the $1 > $2 range based on who had what where prior to the r/s.
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.
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.
- 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.
- An official PR or Tweet on the company restructuring.
- Update to the share structure by July 31, 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.