Trading Summary - August 27. Excellent opportu
Post# of 4419
Excellent opportunities for adding in the .4600 > .5800 range during another status quo day.
All top traders were again maxed out elsewhere on my multiple Watch List runners again today. However, I did find time to add today by buying on both the bid and ask at .4600.
As reported contemporaneously, when I first put a bid in at .4600 it did not appear but an ask of .4600 did appear. After checking that I had not put a sell order in by mistake I hit the ask at .4600 and later the bid filled as well. After topping up the bid, a portion of it was filled by the shorted paint down set at .4100 at the cheaper price. There was also a second ridiculous paint down attempt using 15 shares.
It is not likely that the person with 20K on the bid at .4000 will be allowed to fill as I still have the high bid (hidden).
Also, there is still almost nothing actually available under the previous high of .7700 - with the first artificially low ask constantly moving between .4700 and .6000.
When the CEO is ready to move the stock up - or the top traders in it decide to - or the company gives a provisional estimate of the value of the first hemp crop when harvested, $EVSV will be back at .7700 in a few individual seconds and on its way into the $1 > $2 range.
Overall, another 5,765 shares were bought today - effectively all at .4600 in terms of orders placed.
The following items below the line unchanged since the last Trading Summary:
We now have a confirmed target date of mid-September for the harvest of the first hemp crop at the first of several planned production sites.
The 2019 Q2 was filed on August 7, 2019 in a timely manner (see separate post) and gave a very good description of the holding company $EVSV's current portfolio and partnerships (unable to copy - read in filing).
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.
Top traders who are the movers and shakers of $EVSV will continue the transfer of more of their profits from other trades into $EVSV up until the first hemp crop revenues come out.
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 > .7150 range over the past 6+ months still have a chance to buy more shares in the .7700 > 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.
On July 29, 2019 the Transfer Agent updated the Verified Company Profile early to confirm both no dilution of the Common Unrestricted shares and the previously announced 50,000 share reduction - with more known to be coming and a possible share buyback by the company as well.
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.