(Total Views: 224)
Posted On: 10/10/2018 4:35:09 PM
Post# of 2840
Trading Update - October 10.
More were adding at .0003 today (another 8M) to get their share count up before the r/s.
The bid at .0002 is now significantly higher than the ask at .0003.
Those traders that took the conscious decision to sell some of their high cost basis shares at .0002 - to get their liability down, stay within their free share cost basis allowance from previous banked profits, and maximize their tax savings (38% for whale traders) - will be able to buy more shares on the ask than they sold once the 30-day wash sale liability period has elapsed in about 3 weeks time.
When they buy back in, we might see a bit of a run towards .0010 before the r/s - depending on how many iHub mentality people panicked and sold in an uncontrolled manner (including all their cheaper shares under .0010).
More were adding at .0003 today (another 8M) to get their share count up before the r/s.
The bid at .0002 is now significantly higher than the ask at .0003.
Those traders that took the conscious decision to sell some of their high cost basis shares at .0002 - to get their liability down, stay within their free share cost basis allowance from previous banked profits, and maximize their tax savings (38% for whale traders) - will be able to buy more shares on the ask than they sold once the 30-day wash sale liability period has elapsed in about 3 weeks time.
When they buy back in, we might see a bit of a run towards .0010 before the r/s - depending on how many iHub mentality people panicked and sold in an uncontrolled manner (including all their cheaper shares under .0010).
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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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