Dig-It Underground, Inc. DIGX
To kick things off this week, we’re going to be taking another look at a stock that recently afforded us a couple of quality opportunities to make some profitable moves.
We first alerted DIGX a couple of months ago on August 29th, and on that first day, had the good fortune to witness a 90% spike from .0048-.0091. Over the next couple of sessions, the stock pulled back to find support at .0035, and subsequently made a 100% rebound to .007.
Since then, DIGX has been under consolidation, and we are paying special attention today, as the stock has registered higher lows and higher highs for the past three sessions, and on Friday it briefly exceeded the 50DMA (.0043). It’s all pointed out on the annotated chart below:
For those of you that may have missed our original coverage on DIGX, at the time, we were keen to monitor the situation with regard to the company’s planned entry into the cannabis sector. Over the few weeks there have been a few developments to that end.
The company announced the forming of a new subsidiary it is billing as High Life Media, Inc. and is in the process of launching the High Life Media Network, which according to DIGX, “will extensively cover core cannabis issues, business opportunities, debates and conversations as well as entertainment, fun/facts, and ecommerce” over a variety of delivery mediums and devices.
Thus far, DIGX has launched two separate platforms; the Cannabis Lifestyle™ online magazine (http://cannabislifestyle.co) and the Cannabis Health™ scientific journal (http://cannabis-health.co). To check them out just follow the links, or click the following logos:
Between being at a relative bottom on the chart, and having the company making more aggressive strides toward its involvement in the cannabis media industry, we think now is a good time to turn our attention back to DIGX.
**Update 6AM** We caught an early morning PR announcement from DIGX today. The company has made two new additions to the roster of the High Life Media Network:
EULESS, TX–(Marketwired – Oct 6, 2014) – Dig-it Underground, Inc. (PINKSHEETS: DIGX) – Robert Wodarczyk, President of Dig-it Underground, Inc., announces the newest additions to the High Life Media Network: The Cannabis Laws ™ Online Cannabis Encyclopedia; and the Daily THC™ popular culture website. >>> VIEW FULL PR
OTHER RECENT HEADLINES:
- DIGX Celebrates Launch of 2 High Life Media Network Platforms (Thu, Sep 25)
- DIGX Forms Wholly Owned Subsidiary, High Life Media, Inc. (Wed, Sep 17)
- DIGX Market Research Reveals Untapped Cannabis Sector (Mon, Sep 15)
Pre-Subscribe to be notified of the launch of DIGX’s new web portal @ highlifemediainc.com