Short squeeze indicatorsSubstantial amount of buying pressure. ...High short interest of 20% or above. ...High Short Interest ratio (SIR) or days to cover above 10. ...Relative Strength Index (RSI) below 30.
Today on Comsec: 91 buyers for 600,822 units 48 sellers for 176,971 units
Trading after hours. Lots of sell orders between 11- 14 dollars.
Theory: If they can push it down it can also bounce up? If these people at 11-14 hold and dont sell we will see buying pressure sky rocket. And it will be the new floor. I think its time the shorts burn. ASM is a good company and its ok for a downgrade with the global economy - its un Australian to run a good company and create job lossed nation wide because a few internet nerds or hedge funds are greedy and need a new pool. HOLD
ASM Price at posting:
$1.45 Sentiment: Hold Disclosure: Held
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