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Re: None

Wednesday, 01/25/2017 11:22:25 AM

Wednesday, January 25, 2017 11:22:25 AM

Post# of 1702
I agree that some news would be nice, but I think the company wants to have all their ducks in a row before any premature announcement. I also agree that there is downward selling pressure - this may not be stock specific, it could be political, such as the unknown of Trump's new Atorney General pick. My biggest fear is that Lifeloc has abandoned the breathalyzer all together, and has adopted the recently licensed SpinDx from Sandia in it's place. Cannabix looks to also have some downward pressure also, so again this may not be stock specific. The sell off on the 17th was typical of a low float stock - remember it works both ways, unfortunately stocks tend to fall faster than rise. Traders with stop loss orders could trigger sell at market - which could also be the case. I read an article a while back that said Lifeloc expects to have a marijuana breathalyzer ready by this spring, I can't seem to find the article now, but spring is only a few months away, so I'm going to sit tight and not worry about swings in share price. Let's just hope the "political" environment remains in favor of decriminalizing, and legalization of marijuana. This is a short term stimulus that will affect all cannabis stocks.
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