Profit taking was expected. The pullback could have easily gone to .80 and remained there. But the stock has held up well today on tremendous volume. Maybe we see another huge rally in the last hour to go green.
Closing near .90 would be very significant and bullish.
PMCM is the next 1000%+ runner due to real estate for marijuana business. It's not trading at a $1 or
10 cents or even a penny. It's trading at .0018! Dirt cheap for a marijuana play. Let's face it--money will
rule the debate regarding legalization because states like Colorado and Washington won't want to give up the tax revenue. This is becoming big business!! Will the beer, wine and spirits industry ever fail?
Plus, legalization will adversely affect the illegal drug trade. The war on drugs never worked but legalization
seems to be a better solution.
99% of posters believe INO is going to be a $5+ stock at the end of March. So, why all the bashing?
Some believe they can make some quick profits on pullbacks by shorting the stock. The daytraders like a heavily traded stock so they can get in and out easily. The others just want to buy in at cheaper
prices. So, the increasing presence of bashers only affirms that INO is going up...and going up huge.
So, keep trashing INO ...we know what you're thinking. More power to you if you can make 10% on a short
position or a quick flip. For the rest of us, the road to $30+ may be bumpy at times but will be worth the ride.
The company doesn't release news on weekends. The most positive news is usually released early in the morning before the market opens.