EPS100Momentum (71.71)

History repeats itself on ASYS, crushes earnings and shorts flood in.

February 09, 2011 – Comments (0) | RELATED TICKERS: ASYS , FSLR , SOXL

(ASYS) gapped up at the open to $30.80 and then soon thereafter shorts flooded in to drop it to near $29 thats roughly a -$1.60 gain by shorts in a matter of 90 minutes. The only reason this was possible on such a blowout qtr is because of its low float. 

Exact samething happened last qtr, but within a few days not only did (ASYS) fill the gap up open, it far surpassed it as the same shorts headed for cover as more and more investors started buying shares of a company that is growing at a pace that most companies only dream of being able to duplicate.