Just typed a pretty long response and I clicked on another window and clicked back and it was gone
Sorry
I will try to reply more tomorrow, I am with family now
But check out MCOA, traded sideways on low volume for several weeks after I picked it before it took off, taking over a month to become a four bagger, then consolidating for awhile before moving to 20 cents and becoming a fifty bagger from the bottom in just five weeks
We are way ahead of the game in MJTK by comparison -- only two weeks in and we are still up over four bags
MJTK is garnering a lot more interest and volume than MCOA ever did and the move off the bottom was much more powerful than anything any SALAMI has ever done before
And 4/20/16 is the catalyst so this was never meant to be a daytrade
We are still three months away...
And it was not supposed to go up 1100% in 2 days, either ;)
The pullback phase is a necessary one and completely expected after such a strong upward move off the bottom
The low volume on the downside is a great sign
The volume on the move up was a lot higher
Could possibly go a bit lower from here over the next few days but it also very well may not, could go either way
If it does go any lower, I would expect the volume may increase and the stock to put in a strong bottom with a powerful launch off that bottom
I think many large buyers will surface if this happens to dip lower from here
But everybody is responsible for his own buying or selling decisions as I do not make recommendations
We will have a much better perspective on MJTK this time next week
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