Trading Summary - July 21. Another excellent da
Post# of 4333
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 .0039 at the open from MMs on L2 but yet again incompetent traders failed to notice and / or cancel their asks under at .0033 > .0038.
T oday the undercut asks below the initial hod of .0039 were bought out much more quickly.
Those who ignored the advice to never let more than 5M total appear on any single ask learnt their lesson in the .0036 > .0038 range when they were taken out in seconds by 10M+ hail mary buys across 2 or more asks.
All the main steps in today's trading were covered in contemporaneous earlier posts on the main board here.
Whale bids were larger - up to $75K - and were topped up after some funds being used for ask hits and moved up quicker.
$INCC became particularly thin above .0040 - reaching a hod of .0049.
In late trading there were some minor games - including a fake 16M intimidation asks / loading wall attempt being put at .0046 - and walked down to .0044.
When only a couple of small holders were duped to sell in the .0045 > .0042 range - the fake 15M amount at .0044 was cancelled 3 minutes before the close.
There were no serious attempts to drop the price at any time.
Top traders outbidding low level flippers to prevent them getting reloads was generally effective.
Overall, 684M shares were traded in the range .0033 > .0049 - compared to .0031 > .0037 on July 20 - the majority in the .0041 > .0049 range.
There are now only a maximum of 6 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
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.