This high volume dump right at the end of the day has been a reoccuring theme in this ticker for years. This time maybe it has to do with the UK vote since the 5 hour time difference lines up.
Looks like you are correct. Down over 8% again with just an announcement of another investor conference with Riley & Co. I wonder if she will hold a buck and one half now that the 2's are gone?
Sorry with a tank of 6% today I can do without it. Big dumpie won't let this stay above $2.00 for long so it seems.
There has been a pattern of this high volume dumping late in the day(last hour) since after the ASO sale spike. It appears the seller is waiting to unload once the price seems to be holding in the 2 dollar range. That could explain why Pickens unloaded that 100K @ $2.08 and $2.34. Until profit shows up will this stay above 2 is the question.
Until they do ASTC will tank. The way it is tanking today it might be $1.71 for the close. Most likely heading back to the levels before the TSA news if this selling continues.
And wait a few more years for another failure. This company is nothing but failure! Nothing they have developed has amounted to anything.
Agreed. It looks like a rope a dope scheme as the big volume shows up at the end of the day waiting for the price to gain during the day only to be sold off in the last minutes. This is going under a dollar very soon imho on its own and for sure when the lack of earnings is reported next month. News or revenue will change that but right now silence means pennies. Imho ASTC knows this and will not buyback for a dollar what they can buy for change. Maybe ASTC will support the dollar share price area but right now that does not appear the case.
I was waiting for the sell pressure to continue and lunch time is a good time to see it. There is also the end of the day high volume selloff which yesterday shaved off about $0.07 from the sp. Let's see what happens during the last trading hour today. IMHO it is going to continue until some income shows up. BTW almost 2/3 of the value is gone now since July and not a peep from IR!
Way to go Pickens, dam m near 67% value gone now and no end in sight. Why have a "for investor" tab on your website when you NEVER hear anything from them. Also Astral Images is a total bust. Companies that do not turn a profit FAIL! Is below a dollar back in play now? If the buck 30 cents range is gone I will be closing out my position before the pennies. I am just soo happy I dumped 1/2 when the ASO sale happend as the only hope here now is that government contrac,t a #$%$ shoot at best. Huge volume dumping now with no end in sight!
Don't care about Pickens but the common's misery will be over!
Looks like I am spot on about this w/r to right now today "any rise is met with big volume dumping"
You are right though "if nothing changes, nothing changes." except down the share price will keep going.
Since March say @$3.00 per share to closing in on a buck and a half ($1.50) a share now half the value is gone. Pickens doesn't understand or more likely give a spit that a publicly traded company needs to be profitable eventually. All the speculation here won't stop the decline anymore as any rise is met with big volume dumping. TURN a damm profit or go private as the common shareholders will be left holding the bag if this keeps up!
With todays plunge ASTC now has lost 25% of its value since the start of the month and 50% since July on better than average volume. Not a peep from IR as usual and so much for the buy back I do not see happening. Pickens had perfect timing when he dumped that quarter million shares for $3.20. The only reason to hold anymore is the shot of a government contract. If there are no more sales of 1stDetect than that contract imho it will not be enough to support this ticker or the reason to hold. The silence of IR is deafining and is doing NOTHING for investor confidence. SSDD!