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alidare

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alidare

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Sunday, 12/11/2022 8:46:30 PM

Sunday, December 11, 2022 8:46:30 PM

Post# of 110095
On Friday we got new Market Maker on our stock. “ASCM”

Are they trying to net cover? Worthy watching development.

FYI on ASCM from other website.

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 very volitate 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.

"Be fearful when others are greedy, and greedy when others are fearful."
_Warren Buffett

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Volume:
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