Trading Summary - July 15. Great unexpected ac
Post# of 4310
![Avatar](/images/ProfileImages/917259575_22789_Tiger Head.jpg)
Great unexpected acquisition news hit about 30 minutes before the close:
INCC Executes Definitive Agreement to Acquire SoundTech AI, Inc.
https://www.accesswire.com/655754/incc-execut...ech-ai-inc
It wasn't alerted via broker platforms and was first spotted by another OTC market top trader who I suspect had already bought the .0014 > .0016 by the time I could get an alert out at 1553 EST.
$INCC then moved exactly as I have been predicting every day in the Daily Summary on the main, no-nonsense board here ever since it was dropped down from .0080 to .0020 on May 20 by amateurs needlessly panicking, selling for a loss, and then becoming bashers on amateur forums like iHub.
The iHub bashers were even in denial on iHub when I first alerted it there with .0022 was gone by 15:38 EST.
I didn't need to buy any as I had the shares I bought on the way down .0050 > .0017 and I was concentrating on reloading $SFLM and dealing with faked walked down asks.
The .0030, .0040 and .0050 breaks were achieved with ease - with traders buying up to 15M per second across multiple ask price points near the hod of .0050.
Closed at .0049 with a few profit takers whacking the bid - up 308%.
Given the enormity of the news, and an update likely on the closing date of July 30 - and longer term prospects in 2022 Q1 referred to - we may get a gap up at the open and an extremely thin move to .01+ and maybe .02 within days.
Remember that the entire Unrestricted O/S changed hands (in theory - obviously experienced traders held) on May 20 - from predominantly .0080 > .0040 to .0040 > .0020. Subsequently, a large portion of that changed hands again when some will have decided sell for a loss .0020 > .0010.
The ease with which it goes to .01+/.02+ will depend entirely on how much profit taking there is from those who bought today - primarily in the .0025 > .0050 range - r ather than who still has any bought in the .0088 > .0050 range from May 20, 2021 back to 2014.
The CEO's latest podcast came out on June 2:
https://wallstreetanalyzer.com/2021/06/02/inc...pink-incc/
The company announced a new Twitter account for shareholders to monitor for updates:
https://twitter.com/INCCinfo
There were have been several updates recently - see earlier posts + company Twitter.
This is what I have been writing since May 20:
"So $INCC should be thin back to the .0085 > .01 range once it breaks .0040 - as most shares are held at a cost basis below .0040."
Watch out for further developments on Twitter and future PRs regarding acquisitions, distribution deals and uplisting.
![Like This Post](/images/thumb-up.png)
![Dislike This Post](/images/thumb-down.png)
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.