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The Daily Dab: A Quick Hit On Cannabis Stocks 02/28/14

Cannabis stocks struggled heading into the weekend.  There were 6 double-digit percentage gainers and 9 double-digit percentage losers, with only 34% of the group in the green.  Stocks with volume above the 30-day average fell from 30% yesterday to 26%, with 7 stocks trading over $5mm in value.  

Enertopia (ENRT) announced via 8-K that it has an option to increase its ownership to 75% of Green Canvas, a Canadian grower in the process of receiving regulatory approval under the new program in that country.  The stock enjoyed record volume as it bounced sharply of the 50dma.  Dewmar International BMC (DEWM) bounced back following a more than 50% decline recently, with volume expanding.  Stevia (STEV)  rallied through the day before pulling back in the final hour as it enjoyed substantially higher trading volume.  Vapor Group (SPLI) bounced off the 10ma as volume surged.  Advanced Cannabis Solutions (CANN) continued its recent advance, with the volume, the fourth highest in dollar terms, picking up from yesterday. Recent biotech IPO Cara Therapeutics (CARA) posted a new high before reversing somewhat, with volume increasing.  mCig (MCIG) posted a new high before giving up some gains as volume expanded following a sharehlder update that detailed the potential to uplist.

Nuvilex (NVLX) was the big loser on the day and second most active in dollar volume, falling sharply following a negative article.  Volume set a record as the stock reversed from a new high early in the session.  Despite the setback, NVLX rose sharply during the week.  Latteno Foods (LATF) dropped on increased volume.  Tranzbyte (ERBB) closed at a two-week low as volume picked up.  Creative Edge Nutrition (FITX) saw volume expand as it retraced more of its large YTD gains.  Volume was very heavy in the morning as the stock plunged from the onset, though it bounced back almost 19% by the close.

Press Releases:

• CBIS
• CYBK
• DEWM
• GWPH
• MCIG
• PRPM

 

The Daily Dab is brought to you by 420 Investor, a large and rapidly growing community of Green Rush investors seeking to capitalize on cannabis.  For just a little over a dollar a day on an annual subscription ($420), you can get all of the benefits of being a part of 420 Investor, including analysis, alerts, trade recommendations, chat and video updates.  Find out why 420 Investors are addicted to the service.  To learn more about the sector, download your free guide. 

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The Daily Dab: A Quick Hit On Cannabis Stocks 02/27/14

Cannabis stocks broadly reversed out some of yesterday's big gains, but many stocks enjoyed considerable advances as the action was very balanced.  There were 6 double-digit percentage gainers and 6 double-digit percentage losers, with only 41% of the group in the green.  Stocks with volume above the 30-day average fell from 40% yesterday to 30%, with 7 stocks trading over $5mm in value.  

Growing Marijuana Strategically, With BreedIT CEO Dr. Oded Sagee

Nuvilex (NVLX) continued its recent run, posting a new high on almost record volume.  Cyber Kiosk (CYBK) bounced off the 10dma as volume expanded.  Endexx (EDXC) bounced on higher volume, closing at the 10dma.  mCig (MCIG) broke to an all-time high, with volume increasing.    Hot biotech Cara Therapeutics (CARA) moved to a new high too on its highest volume since its first day of trading earlier this month.

Yesterday's big winner, Petrotech Oil & Gas (PTOG), posted the largest loss, as volume declined sharply.  Advanced Cannabis Solutions (CANN) closed above the VWAP but gave back a portion of yesterday's gains as volume shrank.  Medbox (MDBX) also reversed on above-average but lower volume but closed below the VWAP.

Press Releases:

• AEGY
• CYBK
• FULL
• GRNH
• HEMP
• SING
• TAUG

 

The Daily Dab is brought to you by 420 Investor, a large and rapidly growing community of Green Rush investors seeking to capitalize on cannabis.  For just a little over a dollar a day on an annual subscription ($420), you can get all of the benefits of being a part of 420 Investor, including analysis, alerts, trade recommendations, chat and video updates.  Find out why 420 Investors are addicted to the service.  To learn more about the sector, download your free guide. 

Check us out on Facebook too!

 

 

 

 

 

 

The Daily Dab: A Quick Hit On Cannabis Stocks 02/26/14

Perhaps it was the excitement surrounding tonight's CNBC special program, but, whatever the catalyst, the market improved dramatically following recent softness.  There were 16 double-digit percentage gainers and just 3 double-digit percentage losers, with more than 2/3 of the group in the green.  Stocks with volume above the 30-day average increased from 22% to 40%, with 9 stocks trading over $5mm in value.  Only one declining stock traded above $5mm, and most of the above-average volume was among the best performers.

PetroTech Oil & Gas (PTOG) surged to a new high on expanded volume following a press release issued before the market opened (see below).  Vape Holdings (VAPE) enjoyed the highest volume of the year as it also enjoyed its best close ever.  Advanced Cannabis Solutions (CANN) benefitted from an apparent mix-up at CNBC, surging to a new high on record volume.

Each of the double-digit decliners was a relatively recent entrant into the cannabis space.  Dewmar BMC Intl (DEWM) has lost more than half its value in the past week.  Endexx (EDXC) and SK3 Group (SKTO) both declined with above-average volume.  Creative Edge Nutrition (FITX) was the only declining stock with more than $5mm in trading, though volume declined from the prior day.

Press Releases:

• CYBK
• DIRV
• FITX
• ICBU/EXMT
• MDBX
• PTOG
• SPLI
• STEV
• TRTC

 

The Daily Dab is brought to you by 420 Investor, a large and rapidly growing community of Green Rush investors seeking to capitalize on cannabis.  For just a little over a dollar a day on an annual subscription ($420), you can get all of the benefits of being a part of 420 Investor, including analysis, alerts, trade recommendations, chat and video updates.  Find out why 420 Investors are addicted to the service.  To learn more about the sector, download your free guide. 

Check us out on Facebook too!

 

 

 

 

 

 

The Daily Dab: A Quick Hit On Cannabis Stocks 02/25/14

The cannabis sector was under pressure again, with volume picking up a bit.  There were 2 double-digit percentage gainers and 6 double-digit percentage losers, with more than 2/3 of the group in red.  Stocks with volume above the 30-day average increased from 16% to 22%, with 7 stocks trading over $5mm in value. 

 

Mentor Capital (MNTR) was the big winner despite a late-in-the-day pullback, with concerns emerging over a potential short squeeze sending the stock to a new  high.  Volume ended close to the record set in January.  Advanced Cannabis Solutions (CANN) also saw volume expand as the stock finished at its second best closing level ever.  Vapor Group (SPLI) rebounded from its recent correction after bouncing off the 10dma, with volume expanding.  Recent NASDAQ IPO Cara Therapeutics (CARA) posted a new intraday high following several favorable broker reports.  

Latteno Foods (LATF) continued to correct sharply, breaking the .01 level and the 10dma as volume picked up.  Nuvilex (NVLX) reversed following three strong days after gapping up and stalling near .40, with volume remaining elevated.  Creative Edge Nutrition (FITX) endured a second straight decline but closed above the VWAP as volume picked up.  Similarly, Hemp, Inc. (HEMP), which was the fifth most heavily traded stock at over $8mm, managed to close above the VWAP, though volume fell.  

Press Releases:

• FSPM
• MCIG
• MNTR
• PRPM
• SING

The Daily Dab is brought to you by 420 Investor, a large and rapidly growing community of Green Rush investors seeking to capitalize on cannabis.  For just a little over a dollar a day on an annual subscription ($420), you can get all of the benefits of being a part of 420 Investor, including analysis, alerts, trade recommendations, chat and video updates.  Find out why 420 Investors are addicted to the service.  To learn more about the sector, download your free guide. 

Check us out on Facebook too!

 

 

 

 

 

 

The Daily Dab: A Quick Hit On Cannabis Stocks 02/24/14

The cannabis sector was mixed, as volume dropped off sharply and more stocks fell than rallied.  There were 5 double-digit percentage gainers and 4 double-digit percentage losers.  Only 16% of the stocks had volume above the 30-day average, with just 5 stocks trading over $5mm in value. 

 

3 Things That Could Extinguish The 'Reefer Rally'

Primco Management (PMCM) traded over 1 billion shares as volume accelerated on news of a deal with a potential licensee in Canada.  Nuvilex (NVLX) continued its high-volume rally for the third day since disclosing funding from Lincoln Park Capital, attaining prices not seen since since 2007.  CannaVest (CANV) recovered some of the losses from its $200 peak on Friday.  Hemp, Inc. (HEMP) jumped as volume picked up but remained below levels from earlier this month.

After testing $15 for two straight days, Zoned Properties (ZDPY) opened higher before plunging as volume accelerated.  Latteno Foods (LATF)  was weak from the open and took out the prior day's lows, but the stock closed above the 10dma.  Recent high-flyer Vapor Group (SPLI) closed near the lows as volume contracted.  Here is a great "feet on the street" report published recently by "Mr. Wolf."  Plandai Biotechnology (PLPL) closed below the 10dma as volume accelerated.

Press Releases:

• FITX
• HEMP
• PMCM
• TRTC

 

The Daily Dab is brought to you by 420 Investor, a large and rapidly growing community of Green Rush investors seeking to capitalize on cannabis.  For just a little over a dollar a day on an annual subscription ($420), you can get all of the benefits of being a part of 420 Investor, including analysis, alerts, trade recommendations, chat and video updates.  Find out why 420 Investors are addicted to the service.  To learn more about the sector, download your free guide. 

Check us out on Facebook too!

 

 

 

 

 

 

3 Things That Could Extinguish The 'Reefer Rally'

Investors in the publicly-traded cannabis-related sector can do little wrong in 2014 so far, with  stocks soaring and, for the most part, holding the gargantuan gains.

The Marketfy 420 Investor Cannabis Stock Index, which rose 59 percent in 2013 and was based upon eight stocks, has increased by 377 percent so far in 2014. The index, which was rebalanced on December 31 and expanded to include 20 stocks (equally weighted), will be rebalanced quarterly going forward, and there are several new names that will enter at the end of March.

It is evident that the sector is on fire, but will it persist?  Here are three things that could lead to a cooling off of the stock market's most exciting sector so far in 2014.

 

READ MORE

3 Things That Could Extinguish The 'Reefer Rally'

Investors in the publicly-traded cannabis-related sector can do little wrong in 2014 so far, with stocks soaring and, for the most part, holding the gargantuan gains.

The Marketfy 420 Investor Cannabis Stock Index, which rose 59 percent in 2013 and was based upon eight stocks, has increased by 377 percent so far in 2014. The index, which was rebalanced on December 31 and expanded to include 20 stocks (equally weighted), will be rebalanced quarterly going forward, and there are several new names that will enter at the end of March.

It is evident that the sector is on fire, but will it persist?  Here are three things that could lead to a cooling off of the stock market's most exciting sector so far in 2014.

 

READ MORE

The Daily Dab: A Quick Hit On Cannabis Stocks 02/21/14

The cannabis sector was under pressure yet again, but volume dropped off.  There were 4 double-digit percentage gainers and 8 double-digit percentage losers, but most stocks fell.  Only 18% of the stocks had volume above the 30-day average, with just 6 stocks trading over $5mm in value. 

   

Nuvilex (NVLX) continued to rally following the funding agreement announced Wednesday after the close, posting a new multi-year high on high volume as it blasted out of a trading range that had held since last May.  CannaVest was one of the best stocks, rallying 19%, but it also dropped over 30% from its intraday peak, with record volume .  Biotech Cara Therapeutics (CARA), a recent NASDAQ IPO, was the fifth most actively traded name in terms of dollar volume, with the stock having its best day in terms of volume since the first day of trading last month.

Dewmar International BMC (DEWM) fell again as volume contracted, closing above the 10dma. Easton Pharma (EAPH) busted the 10dma as volume picked up, with the stock closing at 50% below the peak earlier this month.  Vapor Group (SPLI) continued to give back some of its recent gains, with volume picking up.  Latteno Foods  (LATF) reversed its previous rally after opening at a new high.  Hemp Inc. (HEMP) fell as volume expanded, posting its lowest close of February.

Press Releases:

• ATTBF
• RFMK

 

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The Daily Dab is brought to you by 420 Investor, a large and rapidly growing community of Green Rush investors seeking to capitalize on cannabis.  For just a little over a dollar a day on an annual subscription ($420), you can get all of the benefits of being a part of 420 Investor, including analysis, alerts, trade recommendations, chat and video updates.  Find out why 420 Investors are addicted to the service.  To learn more about the sector, download your free guide. 

Check us out on Facebook too!

 

 

 

 

 

 

The Daily Dab: A Quick Hit On Cannabis Stocks 02/20/14

The cannabis sector was under pressure again, but volume remained subdued.  There were 6 double-digit percentage gainers and 5 double-digit percentage losers, but most stocks fell.  Only 20% of the stocks had volume above the 30-day average, but most of the stocks with higher volume rose on the day.  7 stocks traded over $5mm in value. 

  

Zoned Properties (ZDPY), which has now increased by over 26X since year-end, traded to new highs as volume expanded.  Latteno Foods (LATF) surged after releasing preliminary financial data, with volume increasing.  Thinly-traded CannaVest (CANV) posted a new all-time high as volume increased.  Nuvilex (NVLX) responded favorably to the financing news, breaking to a 52-week high as volume jumped.  

Dewmar BMC (DEWM) was one of the most active names in terms of dollar volume, giving up some of its recent gains as volume increased.  Primco Management (PMCM) also reversed, but volume contracted.  Recent high-flyer Vapor Group  (SPLI) posted a new high before reversing, with volume steady at its recent above-average pace.  

Press Releases:

• AEGY
• CANN
• CBIS
• DEWM
• ERBB
• HEMP
• LATF
• MNTR
• PLPL

Interviews

• CANV/MJNA  

 

ARE YOU A MARIJUANA MARKET MAVEN?

Prove it at the free 420 Investor Pool at StockPools.com

1st Prize:  $500 Cash  plus 1-year subscription to 420 Investor

Submit your picks now!

 

 

The Daily Dab is brought to you by 420 Investor, a large and rapidly growing community of Green Rush investors seeking to capitalize on cannabis.  For just a little over a dollar a day on an annual subscription ($420), you can get all of the benefits of being a part of 420 Investor, including analysis, alerts, trade recommendations, chat and video updates.  Find out why 420 Investors are addicted to the service.  To learn more about the sector, download your free guide. 

Check us out on Facebook too!

 

 

 

 

 

 

The Daily Dab: A Quick Hit On Cannabis Stocks 02/19/14

The cannabis sector was under pressure, but volume dissipated.  There were 5 double-digit percentage gainers and 4 double-digit percentage losers, but most stocks fell.  Only 18% of the stocks had volume above the 30-day average, and just 6 stocks traded over $5mm in value. 

Vapor Group (SPLI), a relatively newly trading e-cig company, led the way again, setting a new high as volume remained elevated.  Zoned Properties (ZDPY) jumped to a new high on big volume following a deal announcement.  CannaVest (CANV) traded to a new all-time high.  Nuvilex (NVLX) jumped in front a funding deal with Lincoln Park Capital that was announced after the close.

Easton Pharma (EAPH) gave up some recent gains but on decreased volume.   Tranzbyte (ERBB) dropped almost 12% as volume contracted, with the stock reversing from recent highs.  Plandai Biotechnology (PLPL) was weaker following the release of its 10-Q for the quarter ending 12/31.  For those curious about the recent licensing deal with Diego Pellicer, the filing revealed that the company gave 5mm warrants ($.01) to Diego Pellicer.  Medbox (MDBX) gave up ground for the second day in a row following a report by noted short-seller Citron Research.  Hemp, Inc. (HEMP), which as pulled back more than 50% since posting an all-time high earlier this month, fell on lower volume.

Press Releases:

• ICBU/EXMT
• MDBX
• ZDPY

  

ARE YOU A MARIJUANA MARKET MAVEN?

Prove it at the free 420 Investor Pool at StockPools.com

1st Prize:  $500 Cash  plus 1-year subscription to 420 Investor

 

 

The Daily Dab is brought to you by 420 Investor, a large and rapidly growing community of Green Rush investors seeking to capitalize on cannabis.  For just a little over a dollar a day on an annual subscription ($420), you can get all of the benefits of being a part of 420 Investor, including analysis, alerts, trade recommendations, chat and video updates.  Find out why 420 Investors are addicted to the service.  To learn more about the sector, download your free guide. 

Check us out on Facebook too!