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Ameristar Casinos, AŞ Message Board

  • OEX52 OEX52 May 5, 2009 10:01 PM Flag

    MM Raise Share Price to Squeeze Shorts

    There is absolutely no fundamental underpinning to the recent quadrupling of ASCA stock price. The MMs have risen the price to squeeze shorts so that the MM book does not show a loss. It will take time, but ultimately the fact that ASCA is just not worth in excess of $20 share will ultimately prevail. In the meantime, those entering long positions had better be advised to have stops in place to lock in profits or otherwise take their profits as profits appear. I am short in excess of 50k shares and am confident in my analysis. Should ASCA continue to rise, I will short more and add to my position. I just do not want to see those with legs not as long as mine cut off at the knees by the MMs in ASCA when the time comes to bring the share price back down to fundamental reality.