Dewmar International BMC, Inc. DEWM
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We brought DEWM to folks’ attention in yesterday’s morning report, and as you can see from the following intraday chart, the stock did offer up gain opportunities despite ultimately closing down on the day. After opening at .0054, the stock promptly ran 20% to as high .0065. Following a consolidation to a low of .0037 shortly after 2PM, the stock made another bounce to .0046, a 24% move.
We want to keep this one on our radar moving forward, after seeing a PR released this morning alluding to a partnership with Hemp, Inc.(HEMP) much like the one that catapulted REVI to stellar gains last week.
LAS VEGAS, NV–(Marketwired – Feb 11, 2014) – Dewmar International BMC, Inc. (OTCQB: DEWM) (OTCBB: DEWM) (“Dewmar” or “Company”) announced today that in the interest of the Company’s major expansion plans into the industrial hemp and medical marijuana industries, the Company has secured a co-branding and professional consulting services agreement with The Industrial Hemp and Medical Marijuana Consulting Company, Inc., a wholly-owned subsidiary of Hemp, Inc. (OTC Pink: HEMP). >> FULL PR
Trending Pot Stocks
Several of our tracked cannabis plays started off the week by pulling back from recent highs, but others still made headway, including the following:
Creative Edge Nutrition, Inc. FITX
We continued to talk about FITX in yesterday’s newsletter, and the stock followed up with a nice performance. After touching a low of .084, the stock quickly ran as high as .112, affording opportunistic traders a chance at gains of up to 33%
We’ll continue to monitor the situation as the attention the company is getting is becoming more wide-spread:
CEN Biotech Inc. (FITX) makes Headlines on National News Outlets (Tue 8:22AM EST)
Latteno Food Corp. LATF
LATF made a nice intraday move as well, trading in a range from .007 to .01. That marks a gain of 43% following yesterday’s PR:
Latteno’s Wholly-Owned Subsidiary Valley Organics Introduces New Medical Marijuana Product-NullFlam (Mon, Feb 10)
Alternative Fuels America, Inc. AFAI
AFAI is a new cannabis-related play that we’d like to include this morning. It’s another stock with untraded-upon news to consider:
AFAI’s Marijuana Holdings Americas Enters Oregon For First Licensed Medical Marijuana Retail, Grow Facilities (Tue 8:35AM EST)
NYBD Holding, Inc. NYBD
NYBD is a play we’d like to radar this morning, following an impressive display yesterday as it gained a head of steam. The stock ended up with a gain of 50% over the previous session’s close, and did so on extreme high volume to the tune of more than 10x its 3-month running average.
We’ll be watching closely this morning to determine if yesterday’s momentum will carry over. NYBD has a recent history of rapid gains, as it ran from subpenny to more than .016 this past fall.
Extended Watchlist:
CRWE, S, HNSN, INO, IDN, RNA,