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Re: badguy3101 post# 9361

Friday, 03/10/2017 6:31:46 AM

Friday, March 10, 2017 6:31:46 AM

Post# of 30145
MJTK will be more than fine

13% down on 1 hour of selling is all that happened yesterday -- MJTK has been such a strong stock that 13% may have felt like 30% to some people, but that's just because MJTK doesn't do big red days

All of the selling was absorbed at .0084/.0085, the same level of support we saw last week and the week before

And I think it was just due to the credit line being tapped

Last time they tapped the line, they drove the price down to .0056 and then the stock tripled in 3 weeks

If we do go any lower from here, I think it will bounce very big intraday

Next week is mid-March and the typical start of 4/20/17 mania in the MJ sector -- I think everybody will be singing the praises of MJTK yet again and what happened yesterday will be a distant memory

Sleek

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