TSXV:TRL.H - Post by User
Comment by
PennyTrader10on Jun 27, 2018 8:08pm
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Post# 28241400
RE:RE:War between insiders and shorts
RE:RE:War between insiders and shortsLink to view Short Data for ASP
https://shortdata.ca/?c=acerus-pharmaceuticals%20corporation-short-sales&sym=ASP.TO
KingCash wrote: There is no 'short' interest in a penny stock. You can't short it. That means these are sellers at 27 cents who own the stock.
In any case your rule of thumb is always follow the volume. Volume shows turning points as it did when it 42 cents in Jan 2018. But guess what - Yesterday we approached that same volume but this time we are at the low (vs the high made in Jan).
Also the RSI indicater saying that this is the most oversold right now all year.
My bet (and I just bought more today at 25 cents) is technically we bounce back toward the 30 cents. Also we were over 27 cents just last week- so these sellers will move their price upward or get taken out at some point soon.
When a stock craters like this (from 35 cent close June 6 to 24 cents the other day) it may take a bit to recover as people are a little spooked but it will now start pushing slowling up toward 30 cents.