BB Player. I guess you weren't watching Level 2 th
Post# of 4383
Posted On: 11/24/2016 10:18:58 AM
BB Player. I guess you weren't watching Level 2 the whole time and / or didn't read all my posts made contemporaneously as the action played out on Level 2.
# 1297 "Instant 2M bid at .0015 - 5:1 competed for the last 500K at .0015.
# 1299 "Whale bid of 7.2M (for this low floater) at .0014 in now." - moved up from .0013 the previous day
# 1300 "1.75M from the instant 2M bid at .0015 (from those that were a fraction of a second too slow to slap the ask) - slapped the ask at .0016 instead."
# 1302 ".0016s slapped and gone - again 4:1 competed for last 600K and became instant 2M bid at .0016." - moved up from .0014 earlier
# 1309 "Now 5.6M .0016 x 3.47M .0017 then 1M at .0018."
In the closing minutes, the bid was whacked by one or two profit takers, flippers or shorts trying to get the 11M bid filled at .0013 to cover. The undercut ask subsequently created at .0016/.0015/.0014 was slapped - and the remainder cancelled - leaving just 49K at .0016 (# 1310). The close price is irrelevant to me - a 50K buy set at .0017 would have got a close at .0017 but then bashers would have claimed it was painted up - much better for someone who wants 3M to slap the ask at .0017 at the open.
The experience of 3Q 2014 run to .0219 over several weeks - and in 2016 so far - is that $INCC does best when a relatively large spread develops - which limits the number of people who can take a profit by bid whacking - limits the number of people who actually get anything on the bid unless games are played - and forces those that want to get in / add to hit the ask or they rapidly find themselves left behind or left out, particularly when buys are made decisively at 3>5 successive .0001 levels.
I choose my words carefully - which is why I said "Good" day as opposed to "Great" or "Excellent" day.
"Great" would have been a close at .0019 on about 20M volume.
"Excellent" would have been a close in the mid-.002xs on about 30M>50M volume.
Happy Thanksgiving to $INCC followers !
# 1297 "Instant 2M bid at .0015 - 5:1 competed for the last 500K at .0015.
# 1299 "Whale bid of 7.2M (for this low floater) at .0014 in now." - moved up from .0013 the previous day
# 1300 "1.75M from the instant 2M bid at .0015 (from those that were a fraction of a second too slow to slap the ask) - slapped the ask at .0016 instead."
# 1302 ".0016s slapped and gone - again 4:1 competed for last 600K and became instant 2M bid at .0016." - moved up from .0014 earlier
# 1309 "Now 5.6M .0016 x 3.47M .0017 then 1M at .0018."
In the closing minutes, the bid was whacked by one or two profit takers, flippers or shorts trying to get the 11M bid filled at .0013 to cover. The undercut ask subsequently created at .0016/.0015/.0014 was slapped - and the remainder cancelled - leaving just 49K at .0016 (# 1310). The close price is irrelevant to me - a 50K buy set at .0017 would have got a close at .0017 but then bashers would have claimed it was painted up - much better for someone who wants 3M to slap the ask at .0017 at the open.
The experience of 3Q 2014 run to .0219 over several weeks - and in 2016 so far - is that $INCC does best when a relatively large spread develops - which limits the number of people who can take a profit by bid whacking - limits the number of people who actually get anything on the bid unless games are played - and forces those that want to get in / add to hit the ask or they rapidly find themselves left behind or left out, particularly when buys are made decisively at 3>5 successive .0001 levels.
I choose my words carefully - which is why I said "Good" day as opposed to "Great" or "Excellent" day.
"Great" would have been a close at .0019 on about 20M volume.
"Excellent" would have been a close in the mid-.002xs on about 30M>50M volume.
Happy Thanksgiving to $INCC followers !
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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.