USMJ and PURA Upgraded To VERY BULLISH After Trading Session Yesterday
12 May 2017 - 10:45PM
InvestorsHub NewsWire
New York, NY – May 12, 2017 – Wall Street Corner
Report
The market appetite for the stock of North American Cannabis
Holdings (USOTC: USMJ) and Puration, Inc.
(USOTC: PURA) was upgraded to VERY
BULLISH after yesterday’s trading session based on
candlestick analysis published by Stock Technical Analysis
(stockta.com).
Recent Short Selling Fueling Skyrocket PPS
Potential
Both USMJ and PURA have been experiencing heavy short selling of
late. The upgraded rating to VERY BULLISH, indicates the
short selling strategy is not paying off, and may in fact be
contributing to a coming dramatic increase in the PPS of both
stocks.
Short volume has accounted for over 50% of the total trading volume
on 2 of the last 10 trading days for both USMJ and
PURA. Short selling volume was up again
yesterday reaching almost 50% for USMJ, but the BULLs won the
day.
Candlestick analysis publish by Stock Technical Analysis
(stocta.com) up until yesterday indicated the market appetite for
USMJ to be OVERALL BULLISH in spite of all the
short selling. The market appetite for PURA,
a younger company was NUETRAL. Today, both are
upgraded to VERY BULLISH.
Highlights of Report Published Yesterday on USMJ and
PURA
Since the beginning of 2017, new stock issuances for both companies
have been modest. The two companies just announced private
equity financing and that could mean future stock issuances will
probably be even lighter.
Both Companies have clearly started a PR campaign built around what
seems to be a new wave of developments for the two Companies.
In addition to the new private equity deal, USMJ
is dusting off and reintroducing its American Seed & Oil
Company. PURA is introducing new EVERx products. Recent
press from the two Companies indicate we’ve just seen the beginning
of some bigger news on its way.
Between the Companies developments and coming news, and the fact
that recent shorting has not dampened shareholder enthusiasm to a
point of being negative, the short selling is probably going to end
up contributing to an increased PPS for both companies. A big
news release that drives a big day of buying will probably make
shoters through towel and cover which will just add to organic
buying and catapulting the USMJ and
PURA share prices.
Other companies topping OTC Short Reports most shorted stocks list
include:
BLUE DIAMOND VENTURE (OTC Pink - Current Information: BLDV)
OCEANIC RESEARCH (OTC Pink - Current Information: ORRV)
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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
Puration (CE) (USOTC:PURA)
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