A little lesson for stockten who is very confused and seems to be grasping at straws re what exactly happened this morning.
Despite your desperate attempts to find a reason that must some how make AWSL appear to be underhanded and shady, you are once again wrong wrong wrong. So please pay close attention, you just might learn something.
Stockten, today's gap was not the result of some phony press release like what you are trying to mislead others into believing, it is due to the FACT that AWSL was green flagged on FINRA's daily list pre open this morning.
All brokers and market makers recieved a memo this morning, stating that the new dividend (effective July 6) was officially given the green light this morning. In other words, as strange of a dividend that it may seem, it was approved.
In case you do not know what that means too, there is going to be a massive short squeeze in the very near future. It also means that FINRA is going to be watching closely the type of trading which is about to happen. Thank god they are monitoring this for naked shorts and short manipulation now.
Finra inserted themselves and had officially wiped out all market makers level 2 this morning on AWSL and as a result, every market maker had to repost their bids and offers.
In others words they were all officially signed off of AWSL. The result= no market. This is considered to be a formal corporate event. Now market makers know that FINRA is watching the types of shorting activity that has been going on here, and more important they now know that the dividend and future squeeze is real and it is approaching fast.
According to Buyins.net the shorts are approx 1.2-1.3 million shares naked short. The illegal shorts started putting the pressure on AWSL since it was well over $3.50. The new dividend will force them to cover because it is non transferable and restricted. The float is tightly held.
Wait until the beginning of July and watch the excitement.
We got a little taste today. This will shoot up over $3.50, back to where it belongs then up from there.
The icing on the cake would be if the company started putting out big news with some big promo. So far they have been pretty strategic re when they put news out and how they raise awareness.
Last summer there was an all out blitz. Keep in mind, a lot of market makers are away in summer and aren't around to monitor what is going on. This leaves them very vulnerable.
I am buying more today. This is about to friggen explode.
I have noticed that the news has been increasing lately.
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