MJTK knows how to give us a good weekend because we have also been green 3 Friday's in a row
And MJTK knows how to welcome us back from the weekend as well, with the last 2 "Mondays" (A normal Monday and Super Tewsday) giving us returns of +23% and +51%
So if the pattern holds, MJTK is going to give us a large green day on Monday
Now for some "big picture" perspective:
MJTK has closed green for 3 consecutive weeks despite selling pressure emanating from debt conversion
Now that the 25-day window to convert has passed, the debt conversion era is officially over
We are also about to move into March, which has historically marked an uptrend in the MJ sector as the proximity to the 4/20 catalyst draws closer
We are also due for some news, now that debt conversion won't counteract the buying pressure from press releases -- in retrospect, as much as I wanted to hear from the company during the past few weeks, Mr. Tew made a wise decision to refrain from putting out news because its impact would have been significantly blunted
So with no institutional selling pressure from debt conversion and entering a generally more bullish month for the MJ sector, with a ready supply of news on tap, we have reason to be pretty optimistic about the weeks ahead, starting with next week
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