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ASAB got attac ked yesterday, which was obvious if you are familiar
with Level II… you could see large blocks getting passed so that
they can carry the short for a few extra days, in my opinion.

38% was short volume yesterday - Proof here:

http://regsho.finra.org/FORFshvol20131114.txt

I believe they passed their short position to another firm so that
they could get around the T plus 3 rule but immediately afterwards
you saw an attac k at the bid to try to shake and cause panic which
did not happen and should bounce back today right back to its base
of .40 before starting a long term trend higher.




 

Sincerely,

Siri.biz Editor

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