Trading Summary - Week August 12-16. Multiple
Post# of 4419
Multiple excellent updates for $EVSV again this week along with further updates to the 2019 Q2 reflecting the recent share reduction.
$EVSV remained in the range .6000 > .7700 all week (except for 2 small paint down attempts at .5900 for a total of 550 shares on August 16).
Overall, a further 10,952 shares were bought this week - the reduced volume reflecting new interest and manipulators trying to get shares cheaply on the bid first before hitting the ask the closer we get to the mid-September harvesting of the first hemp crop.
$EVSV has now held above the r/s par of .4000 for 6 months 4 weeks - currently 60% up.
Those waiting to load "just-in-time" for the move might like to consider buying in the .6500 > .9999 range while they still can - updates are likely to be coming out every few days now on the hemp production at the first of many sites (now confirmed as harvesting in mid-Sep ) and new partnerships / major investors.
$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 over the weekend - plus keeping an eye out for any updates from WI and FL on hemp or new partnerships.
Items below the line unchanged from previous report [except for prices moved upwards] and still valid [important points emphasized in bold]:
The 2018 Annual, 2019 Q1 and 2019 Q2 Reports were all filed on time with improved financials.
As usual, the TA updated the share structure in a timely manner as at July 29, 2019 - yet again confirming no dilution.
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.
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 109 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.
- Further updates on new partnerships.
- Update to the share structure by August 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.