Trading Summary - Week September 3-6. Another s
Post# of 4419
Another satisfactory status quo week for $EVSV with the usual cat and mouse game of artificially low ask from a manipulator failing to dupe people to sell on the bid and then cancelling his ask or retreating when hit.
Effectively $EVSV remains in the .7000 to .8000 range with almost nothing significant being offered lower.
Overall, a further 120,266 shares were bought this week - despite there only being 4 trading days due to the Labor Day holiday.
This represents a further 100%+ increase in accumulation over the excellent 56,866 and 55,139 shares that were bought in each of the preceding 2 weeks. These had been over 5 x the 10,952 shares that were bought the 3 weeks prior.
The ongoing greatly increased buying reflects the interest in buying up any cheap used under .7000 now that time is running out with only 1 week left until the first hemp crop at the WI site is harvested.
$EVSV has now held above the r/s par of .4000 for 7 months 3 weeks.
Those waiting to load "just-in-time" for the move might like to consider buying in the .6000 > .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 is expected to receive another DoD contract as part of a Multiple Award Contract opportunity being offered for early-2020.
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 August 30, 2019 - yet again confirming no dilution of any significance.
Don't expect any significant amount to be offered under $1.0000 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 114 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 September 30, 2019.
- Further updates to the Hemp Division website.
- Confirmation that the first hemp crop harvest has started.
- An estimate of the revenue expected from the first hemp crop.
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.