InvestorsHub Logo
Followers 12
Posts 661
Boards Moderated 0
Alias Born 03/05/2017

Re: LETSWIN2020 post# 4864

Wednesday, 08/22/2018 7:31:33 PM

Wednesday, August 22, 2018 7:31:33 PM

Post# of 30506
I can see a quick flush tomorrow in the morning with V shape recovery base on the fact that today's Level 2 showed ASCM panicking to cover shares. I believe they are very exposed in their short position and while they may scare some people into selling in the morning they will absorb most of those shares. They won't be able to absorb all the shares because there are plenty of people on the sidelines waiting for a dip and with such a low float ASCM has to fight for them if they want to cover. After the initial flush ASCM will STILL need shares and the people on the sidelines will force them to buy higher which will increase the price rapidly and cause major FOMO.

TLDR; ASCM will scare weak hands, weak hands will sell, not enough shares being sold on the dip to satisfy demand from ASCM & people on the sideline (because of tiny float). This will cause FOMO and we back in the green.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CANB News