ALYI Technical Trading Analysis Indicates Strong Trend And Potential Pending USMJ Deal Where ALYI Enters Cannabis Sector
December 01 2016 - 8:57AM
InvestorsHub NewsWire
New York, NY – December 1, 2016 – Wall Street Corner
Report
Yankee Analysts, a source of micro-cap
and penny stock research, has been publishing ongoing technical
analysis reports on the trading performance of Alternet Systems,
Inc. (ALYI) since the Company entered negotiations with North
American Cannabis Holding’s (USMJ) in a deal where ALYI would enter
the cannabis sector with a retail payment system for the legal
marijuana market. Following the first indication of the
potential deal between ALYI and USMJ, ALYI’s stock increased
dramatically on high trading volume from $0.0013 to $0.06 pulling
back and trading since then between $0.01 and $0.02. Technical analysis published by
Yankee Analysts indicates the current trading is a strong trend
being neither over-bought nor over-sold. Wall Street Corner
Report considers the current strong trend as a platform from which
the ALYI PPS can launch when ALYI and USMJ finalize their
deal. Given that USMJ has indicated the anticipated ALYI
transaction will be similar to a transaction between USMJ and
Puration, Inc. (PURA), we expect any further ALYI news will be
subsequent to a dividend pay-date announcement from USMJ
anticipated in conjunction with the PURA deal. An increase in
ALYI PPS in reaction to a USMJ and PURA dividend pay-date
announcement would not be surprising, but we expect the major
opportunity for an increase in ALYI PPS will come when ALYI and
USMJ finalize the deal between ALYI and USMJ.
To learn more about North American Cannabis
Holdings:
growusmj.com.
Follow the Company on
Twitter:
US_HEMP
To learn more about Puration:
purationinc.com
Follow Puration on
Twitter:
Puration710
Visit Puration on
Facebook:
Facebook.com/puration/
To learn more about Alternet
Systems:
alternetsystems.com
Follow the Company on
Twitter:
AlternetSystems
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This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), and as such, may involve risks and
uncertainties. These forward looking statements relate to, amongst
other things, current expectation of the business environment in
which the company operates, potential future performance,
projections of future performance and the perceived opportunities
in the market. The company's actual performance, results and
achievements may differ materially from the expressed or implied in
such forward-looking statements as a result of a wide range of
factors.
Jack Taylor
info@wallstreetcornerreport.com
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