Why MJTK is the perfect storm!!
- Dilution is done
- Sleek issued a recommendation
- followers piled in and bought
- traders entered on volume alerts
- existing shareholders added more
- January is historically a great month for MJ stocks
- sexy stock name with "mj" in the ticker symbol
- Sleek's other IPA parameters are on point here
- float lock in progress
A float lock is absolutely key in allowing this momentum to carry forward. And this is how it can play out in a float lock:
Investors will band together and hold their shares, locking up the float for the most part, and shares will be harder to buy at the bid. Buyers then have to pay the ask if they want in, which pushes the price higher. Basic law of supply and demand.
Larger smart holders/investors understand this phenomenon and will help push this higher with small buys here and there, even at higher prices, because it helps the value of their initial core position grow immensely, at a much more favorable gain ratio of core position to higher buy in levels!
This my friends, is the perfect storm!
MJTK!!
Rec