Let's face it fellas, every time this stock is over valued, the shorts will knock it down.
All they need is a sign of weakness & they will hammer it down.
The recent rise to $2.10 was a great opportunity to sell & once ACR went ex-div on the Sept 4 & the re-balancing of the indicies the following day it was sell,sell,sell.
Those who went long on the rise to $2.10 will be wanting to protect any profit they have & will probably be stopped out & join the selling stampede.
The shorts are controlling the stock so any long term price rise would appear to be doubtful.
If the ACR share price falls back around the 75 cents mark it would give the shorts an opportunity to liquidate their positions & only then would it appear safe to go long.
Add to My Watchlist
What is My Watchlist?
