Posted On: 04/04/2014 1:49:12 PM
Post# of 56324
1.256 PPS on FITX licensing
Based on
Divide 3.5 billion FITX SS by 3.5 mil TWD SS = 100
Divide FITX 1.3 mill pounds MMJ by TWD 30,000 pounds mmj = 43.33
Divide 2.90 pps by 100 (the stock multiple) = .029
.029 X 43.33 = 1.256 PPS
Note that short volume April 1st and April 2nd were both higher than 49% of total volume and 35% on April 3rd.
Note that volume trading is decreasing, not increasing with pps generally trading sideways
Note that CANX and other companies have vey recently left very negative perceptions in the MMJ sector
if FITX 0827 does not hold then next support is.08 with .076 likely being tested then next support level is .075
Depending on market perceptions the sector may suffer. When combined with insider activity pps is likely to drop until licensing occurs creating buy on dip opportunities.
Based on
Divide 3.5 billion FITX SS by 3.5 mil TWD SS = 100
Divide FITX 1.3 mill pounds MMJ by TWD 30,000 pounds mmj = 43.33
Divide 2.90 pps by 100 (the stock multiple) = .029
.029 X 43.33 = 1.256 PPS
Note that short volume April 1st and April 2nd were both higher than 49% of total volume and 35% on April 3rd.
Note that volume trading is decreasing, not increasing with pps generally trading sideways
Note that CANX and other companies have vey recently left very negative perceptions in the MMJ sector
if FITX 0827 does not hold then next support is.08 with .076 likely being tested then next support level is .075
Depending on market perceptions the sector may suffer. When combined with insider activity pps is likely to drop until licensing occurs creating buy on dip opportunities.
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