I think it is a fascinating development -- to see the same MM take significant short positions in both VATE & SIPC starting around .05
Let's look at both stocks and see how well ASCM has done
SIPC: Shorted at .05 -- FAIL Shorted at .06 -- FAIL Shorted at .07 -- FAIL Shorted at .08 -- FAIL
VATE: Shorted at .05 -- FAIL Shorted at .06 -- FAIL Shorted at .07 -- FAIL Shorted at .08 -- FAIL Shorted at .09 -- FAIL Shorted at .10 -- FAIL Shorted at .11 -- FAIL Shorted at .12 -- FAIL
ASCM is losing money hand over fist
They have repeatedly failed to profit from their short positions and have continually needed to cover by hitting the ask and taking loss after loss after loss
There is no evidence that they have fully covered their short position in either VATE or SIPC
I expect they will fully cover Thursday and Friday because they can't be stupid enough to go into THE 2018 MJ MANIA on 1/2/18 with an open short position
Then again, they did come up with the bright idea to short THE 2018 GRAND SALAMI...
ASCM, thank you very much for adding rocket fuel to the VATE & SIPC launches