22nd Century Group Inc (XXII)

[petemantx]

Today's action should bolster the rise of XXII over the length of the summer until the big news is released concerning the worldwide licensing deal with big tobacco and the possible USA license with an additional company.

I think most have been worried over the continual rise of XXII and the expected major reversal that all new stocks that streak higher seem to go thru. Today looked no different for XXII with low volume stepping it down constantly to 1.16. I even thought of taking a little off the table to preserve the great returns that have occurred since just early in this month. Luckily, I realized the take down was on low volume and didn't put any up for sale. The strength of the stock from mid day til closing showed just how aggressively people want into this stock and should prevent current holders from selling at the first sign of a downturn, especially on low volume. I think it will be very hard for MM's to try and walk this stock down later this summer, especially after today.

Will be fun to see just how strong the appetite is for XXII stock over the next month or so on little news.