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Dan321

06/24/17 8:46 AM

#31346 RE: Felo31 #31341

When stocks have tremendous runs like we have, it usually needs to take a " breather ". The PPS was way ahead of all the technical indicators. When we hit 52 wk high of .0952, the bottom bollinger band was at .0175! The PPS had to retrace to around .06 before it met the bottom band bounced off and started trading sideways until the 50 DMA was met at .07 and bounced nicely to where we are now @ .087. Technical indicators have reset, and we are primed for another move up. A lot of technical traders should appear soon, because the chart looks awesome. All we need now is a catalyst. Hello Roger! AMFE
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Moonboy1

06/24/17 9:40 AM

#31350 RE: Felo31 #31341

The change in sentiment was around May 1st. A direct correlation to Jeff Sessions letter to congress asking them if he could raid medical marijuana facilities. Which we still have no answer on but we have noticed resistence to this. I hate posting this stuff on here but I am 99% its true. Since nothing has happened sentiment is changing positive again. But people are still hesitant to pull the trigger on this who would love to invest I think due to lack of concrete direction for the industry as a whole. But the fundamentals are so great for AMFE that people are torn between knowing the future but being held at bay due to politics. Not because of a few negative posts as some on here will keep saying.

And no one but me will say it.

I know Snakes is doing incredibly well but it is being tarnished by this lack of direction by USA congress IMO. And we are listed as a Cannabis play.