Trading Summary - October 16. Good progress tod
Post# of 4999
(Total Views: 112)
Posted On: 10/16/2019 6:17:15 PM
Trading Summary - October 16.
Good progress today for $ECOX for 4 reasons:
- One impatient person decided to sell for a loss - probably their entire pre-r/s postion looking at the odd amount of 13,599.
- This made $ECOX that much thinner to the upside to .6000 - the first price point where most pre-r/s shares have their cost basis - as we typically only see 2500 > 5000 offered on asks in the .2000 > .3000 range.
- All the shares were bought by me at .0750 - despite the fact I had invisible bids much higher - so they are in stronger hands now and won't suddenly appear on the ask at low prices under .6000.
- The fake undercut ask at .1200 was cancelled - with the first ask retreating to .1649 again.
The .0750 bid was then topped up.
Almost nothing is currently being offered under .6000:
Overall, a further 13,599 shares were loaded today - all at .0750.
Items below the line unchanged since the last Trading Summary:
Sooner rather than later, I anticipate that new interest who has been trying bidding for a while at unrealistic low levels will either hit the ask for everything under .3000 - before the serious action starts - or will bid at a realistic level in the .1200 > .1500 range.
However, I will be watching out for all updates on $ECOX and anything new on subsidiary SHH.
Good progress today for $ECOX for 4 reasons:
- One impatient person decided to sell for a loss - probably their entire pre-r/s postion looking at the odd amount of 13,599.
- This made $ECOX that much thinner to the upside to .6000 - the first price point where most pre-r/s shares have their cost basis - as we typically only see 2500 > 5000 offered on asks in the .2000 > .3000 range.
- All the shares were bought by me at .0750 - despite the fact I had invisible bids much higher - so they are in stronger hands now and won't suddenly appear on the ask at low prices under .6000.
- The fake undercut ask at .1200 was cancelled - with the first ask retreating to .1649 again.
The .0750 bid was then topped up.
Almost nothing is currently being offered under .6000:
Overall, a further 13,599 shares were loaded today - all at .0750.
Items below the line unchanged since the last Trading Summary:
Sooner rather than later, I anticipate that new interest who has been trying bidding for a while at unrealistic low levels will either hit the ask for everything under .3000 - before the serious action starts - or will bid at a realistic level in the .1200 > .1500 range.
However, I will be watching out for all updates on $ECOX and anything new on subsidiary SHH.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.