(Total Views: 153)
Posted On: 10/11/2018 7:08:51 PM
Post# of 2840
142M traded today at .0002 and .0003.
Those that bought the 142M were positioning themselves for suvccess after the reverse split by increasing their share count so that they had a worthwhile number of shares to trade at the bottom 2 price levels that there have ever been.
Some of those that sold the 142M were savvy traders maximizing the reduction they can get on their tax liability - whale traders earning multiple 6-figures will be paying tax at 35%/38% this year on short term gains - by selling the more expensive holdings that were still short term (probably .0020 > .0029) that were at prices not likely to be reached for some considerable time after the r/s ($1.00 up) whilst retaining their cheapest cost basis shares.
The rest will have been mindless iHub mentality defeatists just selling for a loss because that's what they do every r/s.
Those that bought the 142M were positioning themselves for suvccess after the reverse split by increasing their share count so that they had a worthwhile number of shares to trade at the bottom 2 price levels that there have ever been.
Some of those that sold the 142M were savvy traders maximizing the reduction they can get on their tax liability - whale traders earning multiple 6-figures will be paying tax at 35%/38% this year on short term gains - by selling the more expensive holdings that were still short term (probably .0020 > .0029) that were at prices not likely to be reached for some considerable time after the r/s ($1.00 up) whilst retaining their cheapest cost basis shares.
The rest will have been mindless iHub mentality defeatists just selling for a loss because that's what they do every r/s.
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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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