USMJ PPS Potential From Current $0.008 To $0.01 And PURA PPS Potential From Current $0.03 To $0.12
April 05 2017 - 8:45AM
InvestorsHub NewsWire
New York, NY --
April 5, 2017 -- InvestorsHub NewsWire
North American Cannabis Holdings (USOTC:
USMJ) PPS increased 25% yesterday and Puration, Inc.
(USOTC:
PURA) increased 30%. Both stocks experienced
high trading volume. USMJ was one of the 20 most actively
traded stocks on the OTC Markets yesterday. PURA’s trading
volume yesterday was twice its daily average. Here at Wall
Street Corner Report we expect a USMJ PPS increase to
$0.01 on news as the annual National 420 Celebration
Approaches and we expect to see the PURA PPS break $0.10
reaching as high as $0.12.
Both stocks have experienced heavy short selling recently with
short sales accounting for more than 50% of all trading volume (see
otcshortreport.com).
Short Sellers mistook a March news hiatus as the two companies
being out of steam, and those short sellers are now getting caught
with their pants down. As the two Companies share prices
increased on heavy trading volume yesterday, short sellers
attempted to double down. Over 30% of the
PURA volume yesterday was short selling, and well
over 40% of the USMJ volume was short
selling.
Both stocks have been rated a BUY on
BULLISH candlestick analysis. We believe the
short sellers have underestimated PURA and
USMJ and that yesterday’s continued short selling
was a desperate mistake that will ultimately contribute to seeing
the PPS of both USMJ and PURA skyrocketing.
PURA just announced a major license agreement and
pending FDA approvals. USMJ just announced a
cannabis retail payment system launch and a pending dividend
issuance of ALYI stock:
Alternet Systems Cannabis Point of
Sale System to Process USMJ AmeriCanna Cafe Product Sales at
Southwest Cannabis Conference and Expo, April 22-23
Puration and NCM Biotech Enter
Agreement to Accelerate FDA Approval of Candidate Pharmaceutical
Products Derived From Patented Cannabis Extraction Process
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micro-cap stocks featuring opportunities in an ethical,
professional, and responsible manner. 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.
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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
North American Cannabis (CE) (USOTC:USMJ)
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