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Wednesday, 11/02/2016 6:06:26 PM

Wednesday, November 02, 2016 6:06:26 PM

Post# of 14966
AMMJ WILL HIT $3 ON THU/FRI

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.

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