I went long AH under $13. The words that people initially see like "restate", generally causes some panic. But it appears all that will end up happening is redistrubuting of revenue into different quarters. Not good for PR, not structurally bad though.
MX has taken a hit already with the delay. Some clarity is starting to appear. WIth a ridiculously low PE, forward PE, and PEG, this looks a good risk/reward entry point.
well, I was wrong. Good thing I couldn't short. What small float. Still, I think that the runup expected this and will pull back.
PBS Holdings today provided a press release on their cannabis on their intentions for cannabis related products. It had an initial pop this morning and has settled from profit taking.
With companies starting to take advantage of the new laws, PBHG appears to be positioned well!!
(Marketwired - Mar 5, 2014) - PBS Holding, Inc. (OTC Pink: PBHG) (the "Company") today released an update to shareholders
After thoroughly investigating our target demographics we have decided to enter the Cannabis infused product marketplace. PBS holdings is developing a full line of cannabis infused products that fit perfectly within our "Healthy Living" concept. The products will be marketed through traditional retail, branded and co-branded wholesale, and as legalization expands the mlm market. We see the edibles area of this marketplace as being a niche, high profit area. Our selections will include candies, drinks, soups, ice cream, popsicles, chewing gum, vitamin substitutes, range of desserts, and many others. Examples of products ready to produce and provide revenue are:
Chill Drinks - A cool smooth relaxing drink with added natural relaxation herbs to help deal with today's over stressed lifestyles. Also available in a variety of flavors and strengths to suit needs such as relaxation to sleep aid.
Cannabis Candles and Scent Oils - A wonderful selection of candles and oils to sooth and relax away the day's stress. I must say I laughed when this idea was brought to me, but they have an amazing scent range and really have a stress relieving nature. This is a touch and smell item that will do very well at retail and have a broad range of eye catching designs.
We will be updating you frequently on our new products as they roll out and as distribution agreements are sign
I need to correct my statement, I am NOT looking for 2.55 today. 2.15-2.25 would be a good end for today.
The length of time that it has sustained at these levels. There were a lot of day traders in FST yesterday. As they tire of the lack of movement, they will exit. The traders from yesterday are the biggest obstacle to moving upward, in my eyes anyway. Once they move on, there will less "sell on the small peaks" and we can get a steady climb. I am looking for 2.55 today. That would be nice, but a steady movement in that direction this afternoon would be encouraging.
FST is establishing a baseline around 2.03-2.04. Once FST moves from here, the next level of resistance looks to be around 2.55. That would be about the 50% retracement area.
I was thinking the same. Too many shorts here. They are holding price up by panic covering. No telling how long it will last.