Wednesday, November 02, 2016 6:06:26 PM
We still have not seen AMMJ run without interference from the MMs, who continue to mindlessly reshort the stock even though that strategy has been an abject failure for the past 2 months
Based on the volatility and heavy reshorting I have witnessed the past few days, I think the MMs final attempt at covering has failed yet again BUT...
This time, with only 3 days remaning before the election and only 2 before Monday (and we saw how they really panicked last Friday), I think the MMs decided to surrender late this afternoon, with VNDM leaving their guardpost at $1.95
I think the heavy shorting is now over and full cover mode starts in earnest tomorrow from the opening bell.
I do not think we will see any heavy reshorting anymore, only heavy covering with typical shorting at round numbers, i.e. $2.50
With this in mind, absent all the selling pressure that MM shorting engenders, we will finally see how AMMJ looks when it is allowed to roam free under heavy buying pressure and minimal selling pressure -- nobody significant will be selling between now and the election.
So what happens pricewise?
It sounds crazy but it is true --
I am giving AMMJ a 35% chance of hitting $3 tomorrow.
If not Thursday, then definitely $3 on Friday.
Sleek
Recent AMMJ News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 08:10:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/15/2024 05:11:26 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/08/2024 06:52:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 09:05:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/01/2023 05:23:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 05:27:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 06:30:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/31/2023 01:42:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/03/2023 08:08:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/28/2023 06:36:07 PM
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