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Mistr Tommy

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Mistr Tommy

Re: fashgrl13 post# 12603

Friday, 01/06/2017 10:05:38 AM

Friday, January 06, 2017 10:05:38 AM

Post# of 13148
just a market maker known for shorting stocks. This is taken from a google search...

"ASCM is the most popular market maker for shorting penny stocks and create a scare when their on the ask close to the current price level. ASCM often appears on very volitate stocks that made a nice move and ASCM looks to short for the price per share correction. When ASCM appears on the bid side close to the price level it means they’re covering their position. In order to cover they need to buy back the shares they shorted so it often provides an area of support"

The good thing is ASCM is already on the bid at .06 and is covering already...so i dont think the pps will drop much more than this. (hopefully)
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