Buying pressure has definitely increased with this report. I'm not going to go into it as it has already been covered. Confidence is starting to build again and we all know how quick she can move due to low liquidity. Add to that some short covering in the mix and we could see a very nice move to the upside. Market depth is also looking fantastic with a ratio of almost 9:1 for the bulls.
As I said before, nothing has changed with the exception of the timeline. The powerhouse of ASM is still there, the top 20 are still with us, IG has not sold a single share even though he was in desperate need for cash. He had all the information at his disposal, he would have been well aware of the delays so he could have definitely sold some at $14, yet he did not. As they say, follow the money. ASM will be a retirement stock with nice dividend payments well before the end of this decade. I had that marked as 2025/26 but that date has now moved to around 2027/28 IMO. Well done to those that managed to pick some below the $2.00 mark. Bargain of the century!!!
ASM Price at posting:
$2.34 Sentiment: Buy Disclosure: Held
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