Possible short position. In 3Q 2014, INCC was s
Post# of 4382
Posted On: 11/02/2016 11:50:49 AM
Possible short position.
In 3Q 2014, INCC was shorted down from the .015 range with the assistance of a 50-strong basher brigade on iHub. Over the ensuing period, there has been a rear-guard of 6 x professional bashers on iHub even during long periods of company inactivity.
Yesterday, somebody posted on iHub that it would be better if the CEO did not announce when PRs would be coming out in advance via Twitter as it gave shorts the opportunity to cover. One of the bashers was very quick to try to claim that there was no short position.
When the rapid move up started on October 24, the shorts were caught on the hop and there were a few paint down attempts with 10K sells at 5-decimal place prices. There was also a 2 x 10M transaction at .000295 and .00030 when the ask was already getting slapped at .0004 - the .0003 bid at the time was unaffected.
This morning, after a few days of nobody being willing to sell into the bid, there are now 4 x MMs on the bid at .0004 rather than 1 or 2. One is CANT who is bidding with a 10K and he has also added to the ask at .0005. It looks like is trying to dupe a few people into selling their cheap shares by stacking the bid at .0005 with 1.99M which he is prepared to lose to pick up a larger amount through the 10K bid.
In 3Q 2014, INCC was shorted down from the .015 range with the assistance of a 50-strong basher brigade on iHub. Over the ensuing period, there has been a rear-guard of 6 x professional bashers on iHub even during long periods of company inactivity.
Yesterday, somebody posted on iHub that it would be better if the CEO did not announce when PRs would be coming out in advance via Twitter as it gave shorts the opportunity to cover. One of the bashers was very quick to try to claim that there was no short position.
When the rapid move up started on October 24, the shorts were caught on the hop and there were a few paint down attempts with 10K sells at 5-decimal place prices. There was also a 2 x 10M transaction at .000295 and .00030 when the ask was already getting slapped at .0004 - the .0003 bid at the time was unaffected.
This morning, after a few days of nobody being willing to sell into the bid, there are now 4 x MMs on the bid at .0004 rather than 1 or 2. One is CANT who is bidding with a 10K and he has also added to the ask at .0005. It looks like is trying to dupe a few people into selling their cheap shares by stacking the bid at .0005 with 1.99M which he is prepared to lose to pick up a larger amount through the 10K bid.
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(0)International Consolidated Companies, Inc. (INCC) Stock Research Links
"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.