Trading Summary - July 15. Great unexpected ac
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Posted On: 07/15/2021 8:07:23 PM
Trading Summary - July 15.
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.
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.
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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.