Replies to post #48758 on American Scientific Resources (ASFX)

[OBI]

sorry I fail to see how you can dump shares at .004, because someone is asking .0043 and it doesnt even fill immediately.

I see the ask around .0047/48 which tells me, as long as no more weak hands gives in at .004 or lower, you can expect if the ask fills it actually could look bullish technically.

TA may not predict where this goes, but it can tell confidence investor have on the trades they made each day.

have 50 million buy 2 weeks ago and selling down to .004 on the heels of a few million shares does not sound like a company is going under to me. looks more like the smart ones are loading up for something big in a few weeks and the weak hands are shaken out a few million here and there.

I've said this many times before, keep looking at the volume of buy versus sell.

[makeamint2]

Dog, If all of the shareholders of ASFX united and went after the company to replace management and pursue a turn around strategy we could make a huge impact. Instead we let them hide behind farcebook.

This is a mundane distribution company, its not a technology company, its not a sexy forward leaning business.

Its a simple business, but managements has been too cute by half and their ineptitude is amazing