22nd Century Group Inc (XXII)

[JamesK101]

It is hard to predict right now where the S/P will go next week.

From Feb 1 to Feb 14 there have been 1,623,536 short shares that covered. So bulk of buying and momentum came from that. Then from the Feb 15 to 21st we rode the momentum up. Google finance has countless "penny stock" alerts issued for XXII, so it is possible that a lot of short term traders jumped on the train in the last two weeks.

I think S/P this week will largely depend on whether or not there are updates on the up-listing and MSA. For the last 5 trading days the volume has been low, so it is possible that some swing traders may become impatient and sell.

For longs this is all inconsequential. Up-listing and upcoming contracts along with MSA agreement will keep the S/P moving higher for the rest of the year.