Trading Summary - July 20. Another excellent da
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Posted On: 07/20/2021 6:11:08 PM
Trading Summary - July 20.
Another excellent day for $INCC with top full- time OTC market traders easily able to make $multiple 4-figures just by buying a few M at any particular price point whilst also keeping an eye on other running tickers and reload opportunities from the Watch List - particularly $SFLM and $ENZC.
It was obvious that it was going to gap up to .0035 at the open from MMs on L2 but yet again incompetent traders failed to notice and / or cancel their asks under at .0032 > .0034.
10M in new interest buying power was wasted buying out the undercut ask .0032
The day then played out as reported in the contemporaneous posts on the main board here.
Key points were:
Fast run in a thin manner to hod .0037 bought out.
The run was blocked by one incompetent trader stacking too much at .0038.
There were no serious attempts to drop the price at any time - just the idiot with 9M who would occasionally walk it down from .0038 to a lower level to dupe a couple of small holders out of their shares - then cancel when the ask was hit - then reappear on occasion when another run started.
Whale bids appeared more frequently and were larger - in the $55K > $68K range - and elements of them did hit the ask.
Despite advising people not to let asks higher than 5M to appear, some people ignored and invariably lost their shares to 5M > 8M buys.
Top traders outbidding them will try to prevent them getting reloads now.
Hod .0037 was achieved for a second time .
Then there was some amateur trader attempts at profit taking in the closing minutes by whacking part of the large .0035 bid.
Overall, 368M shares were traded in the range .0031 (compared to .0025 yesterday) > .0037.
The lower volume is good because that means less flipping is going on with traders not wanting to risk a run starting without them having shares - as there are now only a maximum 7 trading days before the acquisition of the $150M company SoundTech AI closes - and it may close early.
For those traders who think $INCC will eventually break .01+ - and I do - there was no excuse for not making good money all day whilst always having some shares for a breakout to .01+ at any time.
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.
Watch out for further developments on Twitter and future PRs regarding acquisitions, distribution deals and uplisting.
Latest completely revised DD here - updated July 17, 2021:
https://investorshangout.com/post/view?id=6188216
Another excellent day for $INCC with top full- time OTC market traders easily able to make $multiple 4-figures just by buying a few M at any particular price point whilst also keeping an eye on other running tickers and reload opportunities from the Watch List - particularly $SFLM and $ENZC.
It was obvious that it was going to gap up to .0035 at the open from MMs on L2 but yet again incompetent traders failed to notice and / or cancel their asks under at .0032 > .0034.
10M in new interest buying power was wasted buying out the undercut ask .0032
The day then played out as reported in the contemporaneous posts on the main board here.
Key points were:
Fast run in a thin manner to hod .0037 bought out.
The run was blocked by one incompetent trader stacking too much at .0038.
There were no serious attempts to drop the price at any time - just the idiot with 9M who would occasionally walk it down from .0038 to a lower level to dupe a couple of small holders out of their shares - then cancel when the ask was hit - then reappear on occasion when another run started.
Whale bids appeared more frequently and were larger - in the $55K > $68K range - and elements of them did hit the ask.
Despite advising people not to let asks higher than 5M to appear, some people ignored and invariably lost their shares to 5M > 8M buys.
Top traders outbidding them will try to prevent them getting reloads now.
Hod .0037 was achieved for a second time .
Then there was some amateur trader attempts at profit taking in the closing minutes by whacking part of the large .0035 bid.
Overall, 368M shares were traded in the range .0031 (compared to .0025 yesterday) > .0037.
The lower volume is good because that means less flipping is going on with traders not wanting to risk a run starting without them having shares - as there are now only a maximum 7 trading days before the acquisition of the $150M company SoundTech AI closes - and it may close early.
For those traders who think $INCC will eventually break .01+ - and I do - there was no excuse for not making good money all day whilst always having some shares for a breakout to .01+ at any time.
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.
Watch out for further developments on Twitter and future PRs regarding acquisitions, distribution deals and uplisting.
Latest completely revised DD here - updated July 17, 2021:
https://investorshangout.com/post/view?id=6188216
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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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