Tuesday, April 22, 2014 7:08:48 PM
Cannabis stocks traded weaker again, with 36% of the stocks rising in price. There were 4 double-digit percentage gainers and 11 double-digit percentage losers. Stocks with volume above the 30-day average was about 19%, with only one stock trading over $5mm in value. Half of the highest dollar-volume stocks rose in price. Benzinga's 420 Marijuana Index was up less than 1% to 549.
I am calling it a good day for us at ATTBF. its great to see the price find some stability and even an attempt at some base formation from which to blast off again.
think of it as mountain climbing. we have set up camp at a higher elevation.
this will continue to attract the shorts as you saw the day before yesterday when around 18% of the volume was to be attributed to the shorts.
going forward shorts may find the going a bit rough as we are due some god news soon. the anticipation will build and the new buyers are going to want in.
I will be looking to snatch up around 2000 more shares tomorrow. I find the price quite attractive.
PRAY FOR DEATH
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