Tom Ronk Says CSA Holdings Inc (OTCBB:CSAX) Short Squeeze Coming
Here is what Tom Ronk Said:
After careful analysis of CSAX short sale, naked short sale and market maker friction factor data it is clear that CSAX has had persistent issues with short sellers who have been aggressive over the last several months. Short sellers have been building a sizable position in shares of CSAX and market makers have made a bullish market lately. New evidence of daily short sellers shorting shares of CSAX has now come to light as the SEC has finally given Buyins.net access to DAILY short sale data which is updated every night. Protecting CSAX from abusive shorting is a high priority.
HEFFX Technicals
CSA HOLDINGS INC is currently below its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume into CSAX.OB (mildly bullish). Our trend forecasting oscillators are currently bullish on CSAX.OB and have had this outlook for the last 25 periods.
The Company, through its subsidiary CSA, LLC (Canna Security), provides security solutions to businesses in the cannabis industry. The Company provides security solutions to cannabis businesses, including installations of alarms, door access systems, video cameras, security system design and consulting businesses in the state licensing process. The Company provides security system solutions, which include equipment and services for customer installations. The Company’s products and services include Internet protocol closed circuit television (IP CCTV) systems, intrusion alarm systems, perimeter alarm systems, access control and security consulting.
Canna Security focuses to offer armed guards and armed transport services through The Cloverton Group, a division of Canna Security. The Cloverton Group provides armed guards, armed transport, site risk assessments and consulting services. Its physical security solutions include armed guards, armored transport, executive protection, background checks, investigations and risk assessment.
The Company competes with Blue Line Protection Group, Security Grade Protective Services and Safe Systems, Inc.
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