Sure, ASCM is an artificial intelligence entity that runs short selling trading algorithms triggered by upward movement.
He came into the quote today and only became active when we hit .0225. That was a trigger point for his algo to start selling short. He sold some there, and on up to .0229, and then people started hitting the bids.
Who was sitting on the bid at those lower prices? ASCM
What we witnessed was ASCM shorting shares at a perceived high point in the run, only to cover them lower when he made people panic out, thinking he was a large seller.
Now he's downticking his offers to make it seem like there's huge sell pressure. All he's doing is making more people hit his low bids. That is why we see him on both sides at once....driving the price down intentionally.
It's a smoke and mirrors tactic, but it's very effective for him.
The way to crush this asshole is to never hit one of his bids. But that's a difficult message to get out to everyone all at once. But as his algo's parameters got tighter and tighter, it would eventually force him to panic cover at the ask, driving it even higher. AKA: Short Squeeze
Any money that goes to ASCM is not going to flippers, bashers, longs, or speculative traders. It's going directly out of the stock, never to be seen again.
He came into the quote today and only became active when we hit .0225. That was a trigger point for his algo to start selling short. He sold some there, and on up to .0229, and then people started hitting the bids.
Who was sitting on the bid at those lower prices? ASCM
What we witnessed was ASCM shorting shares at a perceived high point in the run, only to cover them lower when he made people panic out, thinking he was a large seller.
Now he's downticking his offers to make it seem like there's huge sell pressure. All he's doing is making more people hit his low bids. That is why we see him on both sides at once....driving the price down intentionally.
It's a smoke and mirrors tactic, but it's very effective for him.
The way to crush this asshole is to never hit one of his bids. But that's a difficult message to get out to everyone all at once. But as his algo's parameters got tighter and tighter, it would eventually force him to panic cover at the ask, driving it even higher. AKA: Short Squeeze
Any money that goes to ASCM is not going to flippers, bashers, longs, or speculative traders. It's going directly out of the stock, never to be seen again.
Quote:OK AAM, can you explain that in dumb English for a guy like me please? I see them at both ask and bid. Thanks
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