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Wednesday, October 19, 2016 12:35:03 AM
USMJ SHORT SQUEEZE ALERT
Source: InvestorsHub NewsWire
Overdue Marijuana Sector Rally On The Horizon To Trigger Short Squeeze
New York, NY -- May 31, 2016 -- InvestorsHub NewsWire -- Wall Street Corner Report today reported that recent indicators strongly suggest that a large portion of the recent high volume of trading in the stock of North American Cannabis Holdings, Inc. (USMJ) includes substantial short selling. 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.
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.
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