AMMJ: Last day for MMs to cover and last day for new buyers to get in under $2 and before Monday, which is always epic in AMMJ -- but this Monday is even more distinguished due to it being the day before the elections.
I think the retail sellers have gotten flushed out by the MMs shorting the past few days.
AMMJ basically tripled from .71 to $2 in 3 days, that is a gain of 200% and all the MMs can do is short it down 20% from its high (from $2 to $1.60)?
Are you kidding me?
The setup is there to hit $3 within 1-2 days of breaking $2.05
CNAB: Does it ever go down more than two days in a row? NEVER
MCOA: It could go either way tomorrow but certainly will be hugely green on Monday.
I think THE GRAND SALAMI looks as strong as ever and all three stocks have vastly, and I emphasize vastly, outperformed the entire MJ sector -- And the rest of the sector knows this.
AMMJ, CNAB and MCOA are the leaders of the entire sector based on dollar volume and % gain and the sector has gotten destroyed the past few days while during this same time period THE GRAND SALAMI has delivered mind-blowing returns -- except for today, the first red day in THE GRAND SALAMI this week.
People have been selling their non-SALAMI pot stocks this week and buying into THE GRAND SALAMI.
Today even THE GRAND SALAMI sold off but THE GRAND SALAMI had tripled in value during the prior five days so it needed to consolidate.
When the Internet stock boom occurred is when I began trading... That is part of the reason why I have such a developed understanding of how to pick stocks in a hyped up sector.
All internet stocks went up at first, but then most started selling off and people piled into the sector leaders, like AOL and CSCO, which delivered ridiculous returns.
The reason why THE GRAND SALAMI has increased so much over the past two months is because the market has identified AMMJ, CNAB and MCOA as the leaders of the sector.
So over time, especially recently during the past few weeks, people who owned other pot stocks sold them and bought into THE GRAND SALAMI... And first time pot stock buyers have overwhelmingly chosen THE GRAND SALAMI stocks to invest in...
We should see amazing returns from here as we move into and thru next week.
Watch for volumes increasing dramatically and for larger upward price movements as the media attention sends these stocks into the stratosphere.
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