EDUCATIONAL: FYI on ASCM: ASCM is the mos
Post# of 82672
FYI on ASCM:
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.
Here's a link that explains market makers in more detail
https://www.coursehero.com/file/p4cd7t3/Level...ations-of/
Retail Market Makers:
NITE:
CDEL:
ETRF:
ATDF:
Details
The market makers such as NITE, CDEL, ETF, ATDF will appear on the bid and the ask and their irrelevant because they’re only retail.
Institutional Market Makers:LAMP: PUMA: FANC: BKMN: CANT: Details:-
Seeing these market makers appear on the bid side near current price levels is a good indicator. They’ll provide support for the stock and often “declare a bottom”. -Seeing them on the ask side isn’t the greatest indicator because they’re known for owning a large sum of shares so the price level they appear on the ask at can be a resistance level.
Short:
ASCM:
Details:
ASCM is the most popular market maker for shorting penny stocks and create a scare when their on the ask close to the current price 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.
Dilutive Market Makers:
VFIN:VNDM:
VERT: BKRT:
BMAK:
Details:
Market Makers
VFIN,
VNDM,
VERT ... being the “lead” on the ask if a negative indicator. Being the lead on the ask is being the first market maker at the ask price for the stock. When VFIN, VNDM, VERT are there it is often company dilution, so there can be limitless amounts of shares there. The V brothers often cause a scare if they show up on the ask.
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My comments are only my opinion and are not to be used for investment advice.
Please conduct your own due diligence before choosing to buy or sell any stock.