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Re: MD-420 post# 66677

Friday, 11/06/2015 4:21:32 PM

Friday, November 06, 2015 4:21:32 PM

Post# of 112680
Anyone who bought at this level hasn't been holding a bag very long and probably wouldn't be inclined to sell on good news. People who have held longer have already lost so much they also wouldn't sell at this level. If they were concerned about pps they would have bailed long ago.

IMO The market makers and flippers are slowing the price down. It's real easy for flippers to buy 100k shares at the low of the day, set a profit target, and sell for a few hundred dollars profit the same day or next. Also, market makers are probably more careful now about letting sector stocks run up far beyond their actual or potential value. They were probably warned by the SEC a year ago when several MJ stocks got de-listed. I think a slow and steady pps climb will be better for mCig than a huge pop with a bust afterwards. I'll take a 10% or 20% gain any day. smile JMO

Les