Branded Legacy Inc (BLEG)

[recinvestor]

Correct, ASCM is working to control the box and letting the market dictate the direction.

If the market hammers the ask, ASCM will move off the top of the box.

If the market starts dumping to the bid, ASCM covers what they are shorting at the top of the box.

I believe ASCM covered a portion of their short position last Thursday in that brief window of time when the share price saw an intraday move of about .06 before settling back into a steadier range.

This morning, as pressure was building to the upside, ASCM moved up but stayed inside the top of the box while staying inside the bottom of the box so they could catch anything dumped to the bid on the way up, to cover what they were shorting at the top of the box.

ASCM has worked themselves into another tight spot. If we get to .11's, those 120K shares at the ask will likely get taken quickly by ASCM so they can cover some of the short position they've further created for themselves this morning. And if those .11's go, it should be just as thin above, as it was from .085's to .105's earlier today.

This is all bullish for VATE.

Just my observations...
Go VATE
Rec