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Re: pennypropicker post# 49255

Wednesday, 09/19/2018 2:40:18 PM

Wednesday, September 19, 2018 2:40:18 PM

Post# of 54889
I'm going to help you understand the trading on TXHD today. Actually all morning ok because ASCM was on the top bid and ask. So hopefully you all catch on to what happened with ASCM and it appears you all let them cover cheap. read below its fact! Biggest shorters in the market IMO

FYI on ASCM:

ASCM is the most popular market maker for shorting stocks and create a scare when there in the ask and can. be a resistance level. ASCM often appears on stocks that made a nice move and ASCM looks to short for the price per share correction. When ASCM appears on the bid side close to the price level it means they're covering their position. In order to cover they need to buy back the shares they shorted so it often provides an area of support.
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