ASCM is a true friend of the longs today.... they have provided some really good bid support most of the day to keep the price from falling.
I've seen them do this on NWTR last week and it was great for upward movement. Even when big blocks were put up on the ask, they would sit on the bid at a certain level to ensure it didn't drop below it. The only time it was impacted was if someone dumped a large number of shares.
Same thing here. They've sat at .0065 most of the afternoon. However, whenever there's a decent buy, they will move the ask to .007 which means they want this PPS to stay around the .0065-.007 range for closing. I believe at worst, we end the day at .0062, but at best, we get a paint job at .0074 and have to chew through the .0075 block and the .008 2m block tomorrow (roughly $20k-$25k worth of buying). JMO and it could all change momentarily, but it's what I've noticed watching the L2 today.
