Hello pwinne the actual main reason I have bought into ABS is the negative has changed to positives.Positives are
They have a deal on the table to reduce debt
Major shareholders want the company to prosper
Short covering will take place
And my number one reason is someone/traders want the price up.If you watch the buy depth there are major players supporting the stock in an effort to "work the price up".This gives me confidence.I rate it a buy under $2.It reminds me of ALL some years ago when short covering and institutions wanted the price up.Just as Hedge funds want it down ABS has suddenly got "players working the price up".People are forgetting its year high is $7.66.
ABS
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