Over the holiday weekend Federal R99 Chairwoman Amelinda asked a question that sent a shot across the bow of all fair-minded players who have been playing by the rules.
Just the mention of leniancy has Tuesday's morning pre-market futures soaring in the 2-boxing sector. Jeff Sancy, a 2-box consultant in Chicago said his backlog of 2-box requests has grown 8% over the weekend alone.
(R99X2) the exchange traded 2-box ETF was up 17% pre-market Tuesday morning. Sally Simmons, a trader on the floor of the Chicago Exchange said she noticed a 5-1 ratio in advancers vs. decliners.
New Egg, a leader in online 2-box orders says their inventory will not keep up with the new demand of 2-boxers flooding the market. Expect low inventories to contribute to rising prices and R99X2 stock to explode over it's 50 day moving average.
Mike Lott CEO of Consultants in a Box, says this news sends the message loud and clear that there is no clear leadership at the helm of R99. "The leadership that IS there, seems to be clueless as to the repercussions of it's actions. The boat is rudderless and adrift." Mr. Lott also included that as the R99X2 ETF rises the R99 stock will fall conversely.
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