142M traded today at .0002 and .0003. Those tha
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Posted On: 10/11/2018 7:08:51 PM
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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