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Re: rbtree post# 50805

Tuesday, 05/02/2017 8:25:55 AM

Tuesday, May 02, 2017 8:25:55 AM

Post# of 61041
ASCM jumped on the ask when this hit .007 and stopped the run. ASCM is a well known shorter (google it). and after looking at share structure than and now you can see that there was no dilution. So ASCM was obviously shorting the stock, why else would ascm randomly show up on the ask and cause a huge dumpage. ASCM covered around the .003s which was when he was finally on the bid and than dissapeared off l2 for good. I followed L2 the hwole time up and the whole tiem down since i was in this stock a few days before the run at .0004, and had leftover shares i was holding on the way down. So i personally believe that this was shorted heavily by market maker ASCM

I get where you are coming form though. and yes shorting pinkies rarely ever happens but in this instance it did IMO. Its the only explanation i can think of to what ASCM was doing joining the ask when this hit .007