Trading Summary - July 25. A satisfactory stat
Post# of 4419
A satisfactory status quo day for $EVSV today whilst most top traders were elsewhere jockeying for position on multiple other stocks on my Watch List.
We got an excellent update from the CEO on both the progress of new partnerships and confirmation for the first time that harvesting of hemp at the first production site will be in September - earlier than most will have been expecting.
At the open, the artificially low ask hold back attempt at .6800 that had been put up yesterday was taken out and the next ask retreated again to .7150.
Thereafter, the holdback attempt was walked down again to.6550 - along with a couple of nonsense paint downs of 125 and 190 shares into the increased bid at .6300.
Multiple traders were bidding in depth again from .6100 to .6400. The top bidders at .6400 and .6300 had almost no success buying from paint downs - only 1,315 shares total..
Accordingly, in the closing minutes, 1,810 was bought on the ask at .6550.
The top traders in $EVSV aren't going to waste out time nickel and diming trying to fill on the bid when there is so much else going on with Watch List stocks to attend to daily. We will just take out everything on the ask under 1.000 at a time of our choosing.
Overall, another 10,601 shares were bought today - almost 2 x the 5,655 shares that were bought yesterday - in a similar range of mainly .6550 > .6800.
The following items below the line unchanged since the last Trading Summary:
Top traders who are the movers and shakers of $EVSV will continue the transfer of more of their profits from other trades into $EVSV this week.
Don't expect much to be made available under 1.000.
For those who have been following the "trading successfully through a r/s strategy" since the warning day on January 24, even those who failed to buy in the .4000 > .6500 range over the past 6+ months still have a chance to buy more shares in the .7200 > 1.600 range before the pre-r/s shares come in to play.
The pre-r/s shares from legacy holders aren't going to be significant in number under 2.000 - as is well known to those who were trading in the .0007 > .0011 range pre-r/s for 2 reasons:
- Many amateur iHub mentality traders needlessly sell for a loss as a matter of course as soon as warning is given of a r/s - reducing drastically the number of shares at the former flipper log jam price (which was 1.4000 > 2.000 in "new money".
- Those that kept their shares have had them divided by 2000 - so insignificant in the grand scheme of things bearing in mind we are looking at NASDAQ price levels for $EVSV now.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.