May 20. Obviously a dramatic and exciting day for
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Posted On: 05/20/2021 5:30:19 PM
May 20. Obviously a dramatic and exciting day for $INCC with the following sequence of events:
- Anticipated possible shorting at open from the "Clay Trader Group" - after the video yesterday - from .0052 (previous close) > .0047.
- Strong buying getting the .0060, .0070, & .0080 breaks and a .0088 high of 2021 with relative ease with individual buys of up to 30M on the ask across multiple prices and up to 50M total in an individual second.
- Fast take down in minutes - with large walked down ask + equally large bid whack buys - with mini-bounces for 3-5-tick flips possible in the .004xs, .003xs and upper .002xs for the quick - ultimately down to lod .0021.
- Main cause for above appeared to be a tweet from $GGII denying any co-operation / JV + bashers jumping on the bandwagon + those who chased yesterday and particularly today with ridiculously large buys so high panicking and selling for uncontrolled losses they won't get a tax credit on.
- As a rule of thumb, I usually only buy 100K > 250K at a single price above .0060 on tickers that aren't the Top 3. Many were buying 5M > 10M. Remember the long-term followers here from the first alert on November 25, 2020 have seen how it has traded at every level from 1 Billion being bought at .0001.
- The entire Unrestricted O/S of 5.8 Billion in theory completely changed hands on a total of 6.0 Billion traded today.
- Many top traders have spotted the opportunity to re-start trading from the bottom up and it closed at .0024 having reached .0027 rebound high since lod .0021.
- Remember that the CBD cigarette possible line of development - in the same space as $GGII - was only an add-on in the last few days.
- The core business at present is taking Blue Plant Farms (CEO's company) public within the $INCC portfolio + yesterday's mention of viewing mj growing in CO again (aborted in 2014 when legislation + local tax situation made the effort not worthwhile then).
- Ahead it could go either way and I will continue to cover it. I do not have a large position compared to my whole of 2021 Top Profit Picks $SFLM $PSRU $ENZC - I just have a few small batches of legacy shares above .0082 from 2014 and a few 250K > 500K batches bought on the way down and at the bottom today to be ready for reversal.
- I never panic and sell for an uncontrolled loss for which there is no tax rebate. As a large-scale trader on the 35% IRS rate, I always use the "Avoid Wash Sale Rule" if I want to take deliberate losses and get an effective 35% reduction of the loss off my tax bill - methodology is:
-- Leave until relevant shares held almost 12 months during which they still count against "Short Term Gains". Invariably the stock runs up again in this timescale.
-- Make a note of the last day shares of the ticker were bought - this includes any you may have already sold - so it isn't just the last day you bought shares you still have (which may be different).
-- Wait at least 30 days.
-- After 30 days you can sell for a tax deductible loss - it merely reduces the "Taxable Gains" calculated in your broker's F-1099 system.
-- To keep the tax benefit, you must not buy any more of the same ticker - at any price - higher or lower - for a further 30 days.
-- Then resume trading as normal.
-- Hence why I start trading from bottom up immediately and decide on any loss taking later.
I'm not a Financial Advisor so consult your CPA if you don't understand the above.
Massive 2.29 Billion traded today in the range .0031 > .0061 - compared to .0017 > .0039 on May 18.
Multiple updates from the CEO - see earlier posts.
Expect .0070+ break tomorrow and thin move towards .01+ in the days ahead.
Latest news - May 11. Shareholder Update.
https://www.accesswire.com/646226/incc-may-11...der-update
Latest DD - updated April 18 - here:
https://investorshangout.com/post/view?id=6111471
- Anticipated possible shorting at open from the "Clay Trader Group" - after the video yesterday - from .0052 (previous close) > .0047.
- Strong buying getting the .0060, .0070, & .0080 breaks and a .0088 high of 2021 with relative ease with individual buys of up to 30M on the ask across multiple prices and up to 50M total in an individual second.
- Fast take down in minutes - with large walked down ask + equally large bid whack buys - with mini-bounces for 3-5-tick flips possible in the .004xs, .003xs and upper .002xs for the quick - ultimately down to lod .0021.
- Main cause for above appeared to be a tweet from $GGII denying any co-operation / JV + bashers jumping on the bandwagon + those who chased yesterday and particularly today with ridiculously large buys so high panicking and selling for uncontrolled losses they won't get a tax credit on.
- As a rule of thumb, I usually only buy 100K > 250K at a single price above .0060 on tickers that aren't the Top 3. Many were buying 5M > 10M. Remember the long-term followers here from the first alert on November 25, 2020 have seen how it has traded at every level from 1 Billion being bought at .0001.
- The entire Unrestricted O/S of 5.8 Billion in theory completely changed hands on a total of 6.0 Billion traded today.
- Many top traders have spotted the opportunity to re-start trading from the bottom up and it closed at .0024 having reached .0027 rebound high since lod .0021.
- Remember that the CBD cigarette possible line of development - in the same space as $GGII - was only an add-on in the last few days.
- The core business at present is taking Blue Plant Farms (CEO's company) public within the $INCC portfolio + yesterday's mention of viewing mj growing in CO again (aborted in 2014 when legislation + local tax situation made the effort not worthwhile then).
- Ahead it could go either way and I will continue to cover it. I do not have a large position compared to my whole of 2021 Top Profit Picks $SFLM $PSRU $ENZC - I just have a few small batches of legacy shares above .0082 from 2014 and a few 250K > 500K batches bought on the way down and at the bottom today to be ready for reversal.
- I never panic and sell for an uncontrolled loss for which there is no tax rebate. As a large-scale trader on the 35% IRS rate, I always use the "Avoid Wash Sale Rule" if I want to take deliberate losses and get an effective 35% reduction of the loss off my tax bill - methodology is:
-- Leave until relevant shares held almost 12 months during which they still count against "Short Term Gains". Invariably the stock runs up again in this timescale.
-- Make a note of the last day shares of the ticker were bought - this includes any you may have already sold - so it isn't just the last day you bought shares you still have (which may be different).
-- Wait at least 30 days.
-- After 30 days you can sell for a tax deductible loss - it merely reduces the "Taxable Gains" calculated in your broker's F-1099 system.
-- To keep the tax benefit, you must not buy any more of the same ticker - at any price - higher or lower - for a further 30 days.
-- Then resume trading as normal.
-- Hence why I start trading from bottom up immediately and decide on any loss taking later.
I'm not a Financial Advisor so consult your CPA if you don't understand the above.
Massive 2.29 Billion traded today in the range .0031 > .0061 - compared to .0017 > .0039 on May 18.
Multiple updates from the CEO - see earlier posts.
Expect .0070+ break tomorrow and thin move towards .01+ in the days ahead.
Latest news - May 11. Shareholder Update.
https://www.accesswire.com/646226/incc-may-11...der-update
Latest DD - updated April 18 - here:
https://investorshangout.com/post/view?id=6111471
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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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