Asensus Surgical Inc (ASXC)

[TraderAKA]

I have 2 thoughts on this.

1) They are shorting it to load up at the bottom, before TRXC shows strength, which is about 4-6 quarters. It is easy to spook retail investor and collect their shares. ISRG went thru the same. Right after FDA approval stock collapsed from 9 to 2 and Institutional investors collected dirt cheap stocks.

2) Some Hedge Fund/s betting on TRXC demise. Of which I am not really certain. Why? Because real BEARs want to conceal their operation and would like to short higher as possible. However, if you read message boards and read articles of SA, you will see that shorters employing all tactics to drive the price down.


Now on the instruments of achieving 2 of the above goals. Naked selling - I am not sure how much of them are naked shorting. Not a specialist on this. There are ways of hiding it. And the one you have seen 'Fail to Deliver' shows up only if it was asked. While price is going down it won't happen + there are ways of clearing transactions alternatively where 'Failed to Deliver' will never show up. Remember Knight Capital? google their naked shorting, you will see.

Any new business has more chances of failure than success. TRXC is selling Senhance faster than before. I hope they crush the annual earnings by end of Q2 and we will see great spike. I am betting annual salary on this horse (pony?). Time will show if they become successful or not but I don't find any good bear thesis at all. Gibberish all the time. Because no ONE knows the future. Not Bulls and not Bears. Invest and enjoy the ride. GLTY