Copy of a post I made on iHub debunking nonsense f
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Posted On: 12/19/2019 9:03:24 AM
Copy of a post I made on iHub debunking nonsense from a couple of disenchanted bashers who never got over the reverse split on January 15, 2019 - claiming there was no notice - actually irrelevant because they clearly din't have the skill to trade through it and would merely have sold for a large loss from .0007 up at .0002 :
As stated multiple times already over the past 11 months, top traders check the FINRA Daily List daily before the open as a matter of course to find advance notice of reverse splits, reinstatements, ticker changes etc.
The entry for $EVSV was on the list dated January 14, 2019 - before the open - giving a full trading day's notice of the reverse split to take effect at 00:00 January 15, 2019 (midnight overnight January 14/15, 2019).
Search 01/14/2019 in both the Start & End and also enter EVSV under Issue here:
https://otce.finra.org/otce/dailyList
Sneaky CEOs have the r/s immediately and there is not any notice via the FINRA Daily List (ie it is announced as effective the midnight before and the first hint you get is all your buy / sell orders being cancelled by the broker). This was not the case with $EVSV
The entry was found by the top traders of $EVSV who were therefore ready to take the correct action - not sell any and buy shares at .0002 (.4000 now) from those that panicked and sold. Those who have the skill to trade through a r/s did not sell their pre-r/s shares so as not to incur a wash sale.
The reason EVSV is so thin to the upside - again as explained multiple times already - is because there had previously been a log jam of one-tick flippers with around 30M bought at .0007 on the ask at .0008 - and when the panic started - almost nobody was able to buy anything at .0006 > .0003 on the way down but did buy up all the available .0002s - and even get a 50% profit at .0003 and reload at .0002 for use after the r/s during the amateur hour.
As stated multiple times already over the past 11 months, top traders check the FINRA Daily List daily before the open as a matter of course to find advance notice of reverse splits, reinstatements, ticker changes etc.
The entry for $EVSV was on the list dated January 14, 2019 - before the open - giving a full trading day's notice of the reverse split to take effect at 00:00 January 15, 2019 (midnight overnight January 14/15, 2019).
Search 01/14/2019 in both the Start & End and also enter EVSV under Issue here:
https://otce.finra.org/otce/dailyList
Sneaky CEOs have the r/s immediately and there is not any notice via the FINRA Daily List (ie it is announced as effective the midnight before and the first hint you get is all your buy / sell orders being cancelled by the broker). This was not the case with $EVSV
The entry was found by the top traders of $EVSV who were therefore ready to take the correct action - not sell any and buy shares at .0002 (.4000 now) from those that panicked and sold. Those who have the skill to trade through a r/s did not sell their pre-r/s shares so as not to incur a wash sale.
The reason EVSV is so thin to the upside - again as explained multiple times already - is because there had previously been a log jam of one-tick flippers with around 30M bought at .0007 on the ask at .0008 - and when the panic started - almost nobody was able to buy anything at .0006 > .0003 on the way down but did buy up all the available .0002s - and even get a 50% profit at .0003 and reload at .0002 for use after the r/s during the amateur hour.
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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.
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