Asensus Surgical Inc (ASXC)

[Johnny_C]

It is down more than 5 percent. I was going to keep this for another year but the run up to 5 was just to good. Right now this is down 25 percent from the high of yesterday. Almost 50 million shares traded in the first hour when it peaked, that is an insane amount of volume.

From a market makers perspective this was doomed to backfill off the run up unless there was a take out.

MM’s have unlimited resources. They simply sell to retail during the run up and when the hysteria of buying fads the stock drops and they start buying back the stock they sold at a profit.

Remember, when market makers are making sales on the way up they end up with an average sales cost. Almost the reverse of joe retail buying at 3 and then averaging down when the stock goes to 1. The higher they sell the stock at brings there average up making it easier to fill those shares on a correction.

This has tremendous potential but right now limited immediate sales to follow up with great announcement of an FDA approval.