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Thursday, July 23, 2020 12:21:26 PM
First- the only ones that can go short on these stocks are the Market Makers as they are supposed to make an orderly market and in doing so go short in their trading account. It did seem (IMHO based on the trading) that on the way up ASCM was working with others as they were short in their trading account. I also feel that way as I kept raising bids .0001 on ASCM and we would play leap frop some)
The news with the jump this morning would potentially add to that position (IMHO) as any news like that and quick jump does not give them time to accumulate inventory. It's hard to tell how much they were able to fill and how many profit takers (up for almost 2 weeks) gave them shares. Maybe TT can tell more from the charts. All I know is VWAP is up .005 today which shows strong buying.
No matter what- higher support levels are being formed and consolidation for the next leg up.
As far as the triple/double flip reverse 2/3 cover on double down etc stuff, I can't comment because I don't know what you are asking. When people start screaming naked shorts, etc without good charting and only discussing MM's trading account I usually turn off their insight. What I love about the NEW UDHI Board is there are many experienced traders and the pump people aren't here and the volume is outside of those IHUB flippers for beer money. Again I have nothing against that but its not my cup of tea. GLTY. $UDHI
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