Tuesday, December 15, 2009 6:36:07 PM
I think we all realize that the MM's have created a lack of enthusiasm at this point for the stock due to the fact that many lost their pants buying up in the double zero range and selling down here in the triple zero range.
Additionally, TD and Scottrade restrictions have enabled the MM's to move the stock around at will since buying has been hampered. However, this should not be a big problem going forward as many have opened up accounts at brokers that are permitting the stock to be purchased, and thus, with PR's such as the one from today, I predict that buying volume will increase gradually moving toward the end of the year.
Another major point is that legalization of medical marijuana is quickly occurring across the US. The more states approve it and it is publicized in the media, the greater audience HESG and other companies will command.
Finally, let's not forget that HESG is seeking to move to the OTC BB and establish strong relationships and partners with other companies focused on this industry.
If this is all legitimate, then 2010 should be a strong year for HESG.
PS When this moves up to the triple zero 3 and 4 level, watch TD and Scottrade reverse course and permit buying. That will launch this to the .005-.0075 level in short order in my opinion.
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