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Re: amc post# 392

Monday, 08/26/2013 4:21:36 PM

Monday, August 26, 2013 4:21:36 PM

Post# of 22077
Yes, the chart looks like someone shorted.

But my experience with ASCM is that they are a dilutor.

A dilutor that provides support.

Do you understand what I am saying?

They sell shares at 0.008 while providing support at 0.004

By providing support (and by not selling shares at a low price) traders feel comfortable and start buying again.

By doing this, the company is able to recognize the most $$$ when doing an ATM offering.

People on iHub claim that ASCM is a short because of this, but I don't think they understand what is happening.

Maybe he wasn`t involved in the sell off, and is just providing support.

Do people forget how WDCO was used before? Same concept.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y