$INCC Outlook - March 5. Although there has bee
Post# of 4334
Although there has been absolutely no sign of the company selling shares since $INCC was last at .0001, it is evident that there is still some minor shorting going on - illogical small sells into the bid at non-retail prices even when there have been larger buys on the ask just prior - to give the illusion that there is continual selling in an attempt to dupe other small holders (with 5M>10M) to sell into a waiting bid (sometimes hidden with AON orders).
It may be that the intention of the bashers and their bosses is to get the price as low as possible before the next update.
The key to successful trading on $INCC in my experience is to build up a large inventory of shares at various price points (as you never know when the next run can be started by any one of 5 existing catalysts).
Personally, I buy a small amount (2M>5M) at every price increment on the way down. I'm now in the position that I never need to risk more than I have already banked on $INCC and can therefore deploy a multiple $5-figure sum on buying more at very low levels under .0005 to deny shares to bashers and low level flippers.
In the unlikely event that the price returns to the .0003/2/1 ask level, I will be buying much larger amounts of this low float stock on the ask when I feel the time is right. The buys will be large enough to set off scanners.
Studying the acquisition price / volume figures off the bottom last time - and taking into account other "intelligence" from studying posts and the trading patterns of other key shareholders - I doubt whether those that bought 176M at .0004 on the way up would sell for a 25% loss at .0003 with updates on 5 catalysts coming throughout the days, weeks and months ahead.
Shares will continue to be in short supply. Even when the A/S is doubled to 5B, the additional shares are going to be needed for acquisitions and will not be generally available to retail traders. Most of the stocks I've been trading concurrently since the start of 2017, and making huge profits on, have much higher A/Ss (up to 20B).
In my opinion, the returns on $INCC should continue to be higher due to the relatively thin share structure, fewer people trading it, and many of those trading it being very savvy traders who:
- Keep their lowest price shares the longest.
- Don't whack the bid.
- Don't stack the ask.
- Always have sufficient inventory to trade during big runs.
- Always have a significant lotto amount of "free" cost basis shares for mega runs to .01+.
- Have patience for catalysts / new developments to play out.
The 5 current catalysts upon which updates should continue are::
- Name change to Element 79, Inc.
- Ticker change.
- Closing already announced acquisition of non-public company SJR.
- Updates on ongoing negotiations for 2 other acquisitions in Uruguay and CA.
- Entry into sector of real estate holdings funding of clients mj businesses.
International Consolidated Companies, Inc. (INCC) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.