USMJ Is Number One Trader On Marijuana Index Soon To Be Number One In PPS Gain
May 27 2016 - 09:09AM
InvestorsHub NewsWire
Overdue Marijuana Sector Rally On The Horizon To Trigger
Short Squeeze
New York, NY -- May 27, 2016 -- InvestorsHub NewsWire
-- Wall Street Corner Report today
reported that North American Cannabis Holdings, Inc. (USMJ)
is consistently the number one trader on the Marijuana Stock Index of non-reporting companies in
the marijuana sector with substantially more trading volume than
even the number two trader on the index. The Wall Street
Corner Report’s review of the marijuana sector and USMJ’s
performance concludes that USMJ’s PPS performance is ripe to
outperform the marijuana sector. It is the Wall Street Corner
Reports position that USMJ could top the Marijuana Stock Index’s
number one position in PPS gains.
Marijuana Sector
Rally
Stock Performance for the entire
marijuana sector over the last year has been
down. However, a number
of pretty big marijuana industry news items have made top headlines
lately and It could be that next big industry news item that lights
an overdue sector wide rally.
Short Squeeze
Scenario
Indications are that USMJ’s heavy trading
volume includes a substantial portion of stock shorting. Wall
Street Corner Report talked to Scottrade and confirmed that it
had been assessed
with an illiquid security fee by the National Securities Clearing
Corporation (NSCC). Other brokerage firms may have also been
assessed an illiquid security fee. The NSCC implements this
policy when an elevated number of trades of a particularly security
are not settled within 3 days following the trades. Excessive short
selling is the likely cause of such elevated settlement
failures. A marijuana sector wide rally could trigger a
USMJ short squeeze.
With the industry wide visibility as
the number one trader on the Marijuana Stock Index and the high
potential of a coming sector wide rally that could trigger a
USMJ short squeeze, Wall Street Corner
Report sees substantial potential for Marijuana Stock Index topping
PPS gains for USMJ.
Recent Big
Marijuana Sector News Leading To Anticipated Sector Wide
Rally
The DEA
Dragged Kicking and Screaming Into New World of
Marijuana
Looking For The Next
Marijuana Stock Market Trigger; Rohrabacher-Farr Amendment Might
Deliver
Statutes, Stigma, and the Toking Tipping
Point
Walgreens @ The Corner of Highly Healthy & Very
Happy
WALL STREET CORNER REPORT
OUTLOOK
The Wall
Street Corner Report looks at each company knowing the odds are
against its long-term success but knowing fortunes can be made on
any company successfully meeting one or two business plan
benchmarks along the way even when those one or two benchmarks
might not add up to a company becoming the next
Berkshire
Hathaway. We're not
fiendishly 'short' sighted nor are we here to
dream the impossibly 'long' dream. We take a
practical view on the big ideas of well intentioned management and
look to profit on each reasonably achievable step the well
intentioned mangers take toward their big ideas.
USMJ is
poised to deliver exceptional returns as the management team
realizes substantial benchmarks in the execution of their big
ideas.
Jack
Taylor
info@wallstreetcornerreport.com
North American Cannabis (CE) (USOTC:USMJ)
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