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05/12/18
17:10
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Originally posted by amb005:
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I dont know what is the cause of this, but there is clearly some buying going despite huge losses happening in our biggest holdings at the moment. This to me shows great strength, been a long time since I felt confident in MMJ, but with the current market sentiment (very bearish) the weed sector coming off hard , yet strong support and buying for MMJ, some insider or someone with deep pockets knows something, or just showing belief. I thought we would be at yearly lows at this point, but its very very surprising on a day like today there is buying. Right now we are in the midst of the worst case scenarios yet we are remaining relatively strong, so if market stabilises, and confidence returns , we will be looking at a lot higher SP in coming months.
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a member stated 'PPP' issued a buy recommendation on MMJ, which would explain the support. Don't know much about them but I do know last time their report issued a recommendation on MMJ it spiked to 75c+ where I was able to sell upto and rebuy cheaper later