PURA PPS On Verge Of Breakout Back To Recent $0.09 High After Pending Short Cover
Dallas, TX – March 1, 2017
– Wall Street Corner Report
Puration, Inc. (USOTC:
PURA) is on the verge of a PPS breakout as a month of short
sellers attempting to cover comes to an end. On February 2,
PURA was one of the most shorted stocks on the OTC. Again, on
February 22, PURA was one of the most shorted stocks. Short
sellers have continued all month to sell short every day (see chart
below) in an effort to hold back the PPS and cover their short
positions. Short sellers have found now eager sellers willing
to give up long-term positions. Between the short selling to
hold back the PPS and the high volume short selling on the
2nd and the 22nd, short sellers have failed
to cover their positions. February has ended and the shorts
are on borrowed time. Month end reconciliations are coming
and so is the buy-in to cover their outstanding short
positions.
Stock Technical Analysis (stockta.com) continues to rate PURA
BULLISH in the long-term making the outlook for short sellers even
more bleak. Hold on to your hat and get ready to see the PURA
PPS breakout above $0.06 and reach previous highs of $0.09.
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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
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Jack Taylor
info@wallstreetcornerreport.com
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