Thursday, August 07, 2014 5:35:59 PM
I am hoping Sleek is right about the short covering. His theory makes sense to me. Some of the shorts should start getting a little nervous leading up to earnings. Guidance being met is something I would want to hedge if I were them.
The whole MJ sector has been oversold the last couple of months, and a correction is in order. That seems to have started becoming the consensus anyway. I guess we will see.
I am betting there will be mostly positive sector news leading up to the November elections, and positive results from those elections. I don't think I would want to be betting against MJ for the next few months.
But that is the sector, this is an individual stock. I have done my own DD, and have chosen TRTC as the one I want to own.
Am I right, time will tell, I have been both right and wrong many times before. But have made my bet here.
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