FYI IMPORTANT READ: HOW TO HANDLE MM ASCM: >>> THEY ARE RETAIL FIRST OF ALL
When MM ASCM retail) is showing 10k on ASK...HAMMER THE HECK OUT OF HIM..ASCM LIKES TO HIDE RIGHT UNDER CDEL AND NITE TO....HE DONT WANT TO SELL THERE...he could be holding nothing there...it depends what he is picking up on the bid and willing to sell there..THAT IT WHY YOU NEVER FEED ASCM SHARES ON THE BID AND ALWAYS LEAP FROG HIM ON THE BID. These are NOT dilutive MM's, but use an algorithm that is vey aggressive...see below.
Rules of Engagement with ASCM MM:
1- when they are top ask hammer the hell out them BE RELENTLESS.
2- never fill them on they are the top bid...always leap frog them to top bid
3- when hiding under cdel or nite which the like to do, hammer the ask
4- when they show 10k shares ON ASK hammer time
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The algorithm BMIC/ASCM uses is meant to box the stock in sell at a higher price on the way up..I see a MAJOR SQUEEZE coming when they are forced to cover if ASK smacks come in...THAT FORCES THERE Hand. If you want shares you can bid, but use the ASK!
*ASCM usually controlled by a GROUP or BIG MONEY giving the appearance of SHORTING...when ACTUALLY LOADING with other MMS.
All my posts are based on my opinion. Do not buy, sell, trade any stock based on my posts. Do your own due diligence before making any transaction.
AI
