Blue Horseshoe Stocks: Afternoon Updates

 Afternoon Updates

We had so many potential winners in this morning’s report, we wanted to send out a quick afternoon update highlighting the best ones:

Singlepoint, Inc. SING

SING came down as low as .0195 early-on this morning, and began to run once again, pushing as high as .0495, an intraday move that provided a gain of up to 154% That’s an impressive figure for a first alert, so this is most likely going to be a topic of continued discussion moving forward.  SING is shattering its norms for volume, currently closing in on 10x its 3-month average.

Alternative Energy Partners, Inc. AEGY

AEGY made its mark as well today, trading in a daily range from .0082 to .0119, a 45% move on just under four times its average trading volume.

BioTelemetry. Inc. BEAT

BEAT was one off of this morning’s extended watchlist that made a nice positive move. It briefly touched 8.20 early in the session before making a solid 15% move to 9.44. That’s a significant margin of gain for a stock in this price range over such a short time span.


US Energy Initiatives Corp. USEI

In addition to those mentioned this morning, we wanted to add another stock to our radar this afternoon in the form of USEI. We’ve been watching this one blow up today after announcing its entry into the Cannabis Sector. The ‘Green Rush’ strikes again! We’re going to add this to our long-term pot stocks tracking list as well as continue to monitor its short-term activity.

SANTA CLARITA, CA–(Marketwired – Feb 3, 2014) – U.S. ENERGY INITIATIVES CORPORATION, INC. (OTC Pink: USEI) is pleased to announce today that the Company has decided to enter the Medical Marijuana and Hemp industries to capitalize on opportunities and relationships it has in the sector. The Company has already begun forming a subsidiary called USEI Cannabis Initiatives Corp and will develop the website for the Company and the web address will be www.useicannabis.com.

SING, AEGY, PROW & Extended Watchlist

 Singlepoint, Inc. SING

SING was on the move Friday, following some exciting news (below) and we placed it on our Stock Tracker which you can find in the sidebar of our blog at BlueHorseshoeStocks.com.  This is a good example of why we recommend visits to our site regularly, even if you’ve already received our daily report in your inbox. There is often content that gets added to the site throughout the course of the day, so keep that it mind!

Additionally, SING was discussed in our live trading chatroom, which is open to anyone with an interest in stocks, and a Skype connection. If you’d like an invite to the chat, send a Skype contact request to username: stocksumo

The following images show some of Friday’s chat activity on SING:


Indeed we are seeing the gap-up that we expected, this morning pre-market trades have gone off as high as a nickel. After such a huge spike, we wouldn’t be looking to jump in head-first, as a dip-and-rip scenario is exceedingly common in these situations. The resulting bounceplay could still provide traders with ample opportunity. Being another cannabis-related stock, SING is sure to be on our radar well into the future.

PHOENIX, AZ–(Marketwired – Jan 31, 2014) – SinglePoint, Inc. (OTC: SING), a state-of-the-art mobile technology and full-service mobile marketing company, announced today that it has developed a fully functional mobile payment system branded for the Cannabis and Medical Marijuana Industry — Mobile Cannabis Currency. Concurrently SinglePoint is developing point-of-sale mobile payment systems for use by cannabis dispensaries. This system is based on payment technologies used in the field for other business applications.

SinglePoint also provides text message marketing and notifications. This will enable cannabis establishments to send out messages informing their clients of the latest inventory and new products or services. Due to the nature of the industry, SinglePoints’ mobile marketing technology — the opportunity to market directly to their target market — will be a large benefit to Cannabis and Medical Marijuana providers. >>> FULL PR

Alternative Energy Partners, Inc. AEGY

Speaking of momentum plays that were running on Friday, we saw AEGY (which had already afforded us cumulative gains approaching 200% earlier in the week) run from .0036 to a high of .0078. This morning, the stock has breached a penny in pre-market trading, presumably over continued excitement with Friday’s PR regarding the readiness of the company’s online marijuana dispensary. With the monster swings AEGY has been making since we first began talking a lot about it  last Monday, we’ll need to watch closely.

LOS ANGELES, CA, Jan 31, 2014 (Marketwired via COMTEX) — Alternative Energy Partners (OTCBB: AEGY) (OTCQB: AEGY), known as PharmaJanes (“the Company”), is pleased to announce that PharmaJanes.com, the e-commerce servicing platform, is now open for new patient enrollment. PharmaJanes will first begin servicing parts of metropolitan Southern California, and thereafter will expand throughout California in phases. At the appropriate time, PharmaJanes intends to roll out nationwide. >> FULL PR

Progress Watch Corp. PROW

PROW has been a superstar since we began talking about it heavily beginning on December 20th, when we caught it at a low of .0065. From the very start, we were looking for a Golden Cross formation on the chart to signify upcoming gains, and we were not disappointed in the slightest. The stock went on to hit a high of .079 just three weeks later, a mind-numbing move of 1115%

Since that peak we’ve seen PROW undergo some routine consolidation, and it seems to have established itself a base of support around four cents, so we want to call attention back to it as the time for another swing may soon be drawing near.

Extended Watchlist:
KTOS, NBG, GIG, RITT, PGNX, IPCI, BEAT, CTIC

INFN, FITX & Extended Watchlist

 Creative Edge Nutrition, Inc. FITX

FITX gained roughly 10% on the day yesterday, and now has some untraded-upon news that hit the wires this morning.

If you recall, we outlined a tentative agreement between FITX and GroLife, Inc (PHOT)  wherein PHOT’s joint venture with CANX USA, Organic Growth International, LLC (OGI) was said to have struck a series of agreements with CEN Biotech, a partially-owned subsidiary of FITX. The end-goal of these agreements is to establish the world’s largest legal cannabis production facility.

Today, a new name enters the fray, as FITX has announced its partnership with RXMB, Inc. RXNB Inc. is in the field of THC research and development, and has the technology to supply cutting-edge growing technologies for marijuana.

MADISON HEIGHTS, MI / January 31, 2014 / ACCESSWIRE / Creative Edge Nutrition, Inc. (FITX), is proud to announce that it has entered into a licensing and operating agreement with RXNB Inc. RXNB Inc. has a portfolio valuation of $110 million dollars and approximately $27.5 million dollars in annual revenue. It represents a recent merger of a multitude of independent companies in the pharmaceutical and nutraceutical space. >>>FULL PR

Links to Some Relevant Articles:

Seven Companies Capitalizing on Canadian Cannabis

Marijuana Equipment Gives GrowLife a Buzz

Infinera Corp. INFN

INFN appeared in yesterday’s Extended Watchlist, and produced a performance that provided us with a solid gain opportunity. This is a stock that had been on a steady downtrend until Wednesday when its bottom bounce caught our attention. The stock would see a daily low of 8.10 before running to 9.16, a 13% move.

As you can see on the chart below, conditions are still looking pretty favorable for INFN, with an RSI rising sharply toward the powerzone, and a MACD Cross in the making. Yesterday saw the filling of a recent gap, and we’d like to see support hold above 8.50 in order for this play to keep our interest.

Extended Watchlist:
ZNGA, VRNG, BLDP, ARAY, HPJ, CMG

FITX, EAPH, TTDZ, GLCO & Extended Watchlist

 Creative Edge Nutrition, Inc. FITX

FITX is among the cannabis stocks that we’ve been tracking since 2012 that began to explode when 2014 trading commenced on January 2nd. We alerted readers of the likelihood of that occurrence in our final report of 2013 on New Year’s Eve. That day, we observed a low of .0045, and yesterday, FITX attained a new high at .065, which means that in just a month’s time, this stock has increased in value by 1344%

We’d like to congratulate anyone who was able to obtain even a fraction of the total possible profits that FITX has afforded us so far in 2014.

Easton Pharmaceuticals, Inc. EAPH

Marijuana related stocks are still very demanding of our attention. Even as some of our other interests in the field tapered back this week, EAPH, like FITX, was able to achieve new highs. EAPH also serves as a prime example of why we don’t discard these pot plays when they consolidate, because they have provided rebound opportunities galore.

In this particular case, EAPH came off of its New Year’s pop, and bounced off of the .008-area to recover all of its previous gains and then some. At Tuesday’s high of .028, our total possible gains from our original Jan. 8th alert from a low of .0041 stood at a whopping 583%

A golden cross formation is also in the making on the EAPH chart, which gives us all the more reason to continue to monitor this stock.

Tritan Distribution Systems, Inc. TTDZ &  Global Links Corp. GLCO

Here a couple of new plays to add to our now-enormous marijuana stocks watchlist:

TTDZ catches our eye on the heels of a filing that denoted the reduction of shares of TTDZ common stock from 1.5B to 1.2B. The stock made a huge move during yesterday’s session and appears as if it could gap up to start the day.

Already having been on a sharp uptrend in recent sessions, GLCO had after-hours news concerning the acquisition of Hemp Life Today, LLC and its online Hemp and Medical Marijuana products and information website, HempLifeToday.com, essentially launching itself into the cannabis sector. We will want to follow along to see how the trading community will receive this latest development.

Extended Watchlist:
DARA, DNDN, DGAZ, ACCL, FLEX, MEET, INFN, GRPN, SQNS, FB

Blue Horseshoe Stocks: Marijuana Stocks & More

Transbyte Corp. ERBB
–
Among others, ERBB was one cannabis play to have a bang-up session on Tuesday. After we watched it make a 23% intraday move from .012-.0147 on Monday, the stock continued to push its upper boundaries, opening at .0155 and reaching as high as .0193, an added gain of 25% It closed with strength at .019 on nearly 330M shares traded; that’s well over 3x its 3mo. average volume.

Be on the lookout for where this latest rush of momentum can carry ERBB, and aware of the possibility for bounce action in the event of any pullbacks.

Growlife, Inc. PHOT & Creative Edge Nutrition, Inc. FITX
–
PHOT produced an exciting PR this morning that we wanted to share, as it it ties it to another of the cannabis stocks we’ve been following that has also produced mammoth gains this month, in FITX. It’s a development that will renew our interest in following the stories behind both of these stocks even more intently than before:

GrowLife and CEN Biotech Announce Collaboration on the World’s Largest and Most Advanced Legal Cannabis Production Facility New Canadian Facility Capable of Producing Up to 1.3 Million Pounds of Medical Marijuana Annually

WOODLAND HILLS, Calif., Jan. 29, 2014 /PRNewswire/ — GrowLife, Inc. (PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, is pleased to announce that Organic Growth International, LLC (“OGI”), its previously announced joint venture with CANX USA, LLC, has entered into a series of agreements with CEN Biotech, Inc., subject to the approval of the GrowLife Board of Directors.  GrowLife currently has a 45% ownership interest in OGI, with conditions under which it can gain majority interest. CEN Biotech, working under the inspection and authority of Health Canada, has completed the extraordinary governmental processes in Canada to receive approval to begin constructing their state of the art medical marijuana facility in the City of Lakeshore, Ontario, Canada. >>> FULL RELEASE

VaporBrands International, Inc. VAPR & Hemp, Inc. HEMP
–
Speaking of stocks in the marijuana sector that have joint ventures with others that we’ve covered extensively, we find VAPR. This one cropped up on our radar with a press release yesterday which ties it to another of our all-time favorite pot stocks; HEMP. The stock has been on the move for the past several sessions, so a note of caution is in order. We may find that the stock pulls back from extensive profit-taking, and in the event that occurs we will be watching closely for a bounce opportunity.

MediaTechnics Corp. MEDT
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We also want to radar MEDT, a sub-penny play that has shown a capacity for quick swings in recent weeks. Over the past three sessions the stock has moved up from .0004, to as high as .0017 during trading yesterday. In early January it made a similar move from .0004-.0012, so we have a pretty good idea of the kind of volatility to expect from this play. Triple-zero stocks are known to be high risk, but a properly timed swing can lead to rapid gains for the savvy trader.

CleanPath Resources Corp. CLNP
–
This is another stock that falls into the high-risk/high-reward category of sub-penny momentum plays. The stock has been as low as .0002 as recently as Monday, and yesterday broke through a psychological barrier at .001, going as high as .0012. We are going to put this on our watchlist in the event of continued momentum pushing it past yesterday’s highs. Should it pull back into sub-.001 territory, we’ll be on the lookout for support and an eventual rebound.

Extended Watchlist:
BCAP, RIGH, ONVO, GTXI, DCTH, TSEM

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