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It's just a dollar volume analysis coupled with

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sleekscape Member Level  Saturday, 10/08/16 07:26:08 PM
Re: sewer182 post# 10214
Post # of 14690 
It's just a dollar volume analysis coupled with recent price action, my knowledge of Tangiers and experience.

Remember, AMMJ has moved from .09 to .45 and now back to .365 with Tangiers selling about 2.5M shares during this time period -- they had convertibles at a fixed price of .1135

Without Tangiers selling pressure, AMMJ would likely be about .60-.65 by now, and widely regarded as the single best MJ stock this fall.

I estimate Tangiers only has about .5M shares left now...

And you need to factor in all the selling from folks who owned shares from .10-.45 over the past 2 years

Once .50 is breached, there will be very minimal selling from older shareholders as AMMJ has not traded much volume above that level.

So you factor in decreased selling due to blue skies above .50 and markedly decreased selling from Tangiers.

You factor in increased buying pressure and increased dollar volume as we move closer to the election.

AMMJ will actually move a lot faster from .50 to $1 than it took to move from .10 to .40

I am looking for a quick double from .50 to $1, the difficult part is moving from .40 to .50

Sleek



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