Its called a buyers strike on a low float stock-Look at the volume which is telling. On a severe red day I am not surprised by the huge spreads and take down. Fundamentals remain intact. Talk to me next Q earnings
Why is this now microcap company still public. I would surprised if they do not get taken out given the technology and production in place. Certainly would be a rounding error takeover for one of the big boys.
I smell a burnt short spreding misinformation
ASPS will start buying stock again with this opportunity and to defend its price IMO
BTW Volume is not huge, more manipulation related with huge spreads
If ASPS hits 16 I will triple my position, But for now I just addedt this am at 29.
Thanks PIPER ANALyst
I'm very high on this company given the increased driving forecasts, improving retail metrics and ability to have excellent cash flow while paying debt. Also a great div yield doesn't hurt but I own at sub 30's
This one late as they mostly downgraded when stock was at 2
They will begin upgrading again when shares hit 9 or 10
Welcome to the game
Same loser who slapped a $1 price last month sees it go to 7 on him and has the nerve to call a sell and $4 price. When Goldman says sell I watch the pullback and then buy like today under 5
u will be in a world of pain after management defends the stock next week.
Dividend, Excellent earnings guidance, Insider purchases?????
Take your lucky profits and go while you have one
Dream on. We saw this movie before with shorts riding this down last Spring to the low teens on fear only to top 40 later in the year as the cash flow does not lie.
A non cash write off can be exploited however I suggest management start paying a 1 dollar/yr. div rather than reduce float further. Shorts will think twice before making ASPS a day trading vehicle
If they cash flow even close to this year the shorts will cover in short order
Shorts are relentless