USMJ Is Number One Trader On Marijuana Index Soon To Be Number One In PPS Gain
Source: InvestorsHub NewsWire
Overdue Marijuana Sector Rally On The Horizon To Trigger Short Squeeze
New York, NY -- May 27, 2016 -- InvestorsHub NewsWire -- Wall Street Corner Report today reported that North American Cannabis Holdings, Inc. (USMJ) is consistently the number one trader on the Marijuana Stock Index of non-reporting companies in the marijuana sector with substantially more trading volume than even the number two trader on the index. The Wall Street Corner Report’s review of the marijuana sector and USMJ’s performance concludes that USMJ’s PPS performance is ripe to outperform the marijuana sector. It is the Wall Street Corner Reports position that USMJ could top the Marijuana Stock Index’s number one position in PPS gains.
Marijuana Sector Rally
Stock Performance for the entire marijuana sector over the last year has been down. However, a number of pretty big marijuana industry news items have made top headlines lately and It could be that next big industry news item that lights an overdue sector wide rally.
Short Squeeze Scenario
Indications are that USMJ’s heavy trading volume includes a substantial portion of stock shorting. Wall Street Corner Report talked to Scottrade and confirmed that it had been assessed with an illiquid security fee by the National Securities Clearing Corporation (NSCC). Other brokerage firms may have also been assessed an illiquid security fee. The NSCC implements this policy when an elevated number of trades of a particularly security are not settled within 3 days following the trades. Excessive short selling is the likely cause of such elevated settlement failures. A marijuana sector wide rally could trigger a USMJ short squeeze.
With the industry wide visibility as the number one trader on the Marijuana Stock Index and the high potential of a coming sector wide rally that could trigger a USMJ short squeeze, Wall Street Corner Report sees substantial potential for Marijuana Stock Index topping PPS gains for USMJ.
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WALL STREET CORNER REPORT OUTLOOK
The Wall Street Corner Report looks at each company knowing the odds are against its long-term success but knowing fortunes can be made on any company successfully meeting one or two business plan benchmarks along the way even when those one or two benchmarks might not add up to a company becoming the next Berkshire Hathaway. We're not fiendishly 'short' sighted nor are we here to dream the impossibly 'long' dream. We take a practical view on the big ideas of well intentioned management and look to profit on each reasonably achievable step the well intentioned mangers take toward their big ideas.
USMJ is poised to deliver exceptional returns as the management team realizes substantial benchmarks in the execution of their big ideas.
Jack Taylor
info@wallstreetcornerreport.com
