Legacy Platinum Group, Inc. LWSP
This morning we have a new play to introduce that recently embarked on a new path into a very trendy market space.
LWSP, through its acquisition of the rights to the complete “Wee-Cig” line of portable herb vaporizers and e-cigarettes from Wee-Cig International Corp., has essentially entered into two fast-growing industries, simultaneously.
Estimates place the value of the electronic cigarette industry at nearly two billion dollars a year. While that figure measures up to just a fraction of the market for traditional cigarettes, the disparity is narrowing as the public becomes more health-conscious, and tobacco smokers look for cleaner ways to consume nicotine.
In addition, because Wee-Cig products function with a variety of materials, folks who make their own herbal smoking blends, and even those living in states where marijuana usage is now legalized, can utilize the Wee-Cig for their own purposes. This expands the potential market for these products even further.
We don’t need to remind you how well stocks that have even a remote connection to cannabis have been faring in 2014. We’re excited to see how LWSP can utilize the influx of interest in cannabis stocks, coupled with its flagship product’s ability to vaporize marijuana; a huge selling point, in our opinion.
The growth potential of the cannabis sector is even greater than that of e-cigarettes, so it’s safe to say that LWSP is in a choice position, with the apparent ability to cater to both markets. To service these markets, there are two current models of Wee-Cigs: The “Wee-C”, and the “Wee-T.”
Both offer the same smoking experience customization; the difference being, that the Wee-C is a re-usable, rechargeable model, while the Wee-T is a disposable model meant to be used, and discarded.
Additionally, on its website, http://weecig.net, the company states that is already researching the next generation of Wee-Cig devices, with specific aim toward innovations like increasing battery life, and developing recyclable parts that will increase the overall life of the products themselves. We’ll be waiting intently for the next update from LWSP on its progress into this new and exciting venture.
We also are looking forward to the completion of LWSP name and symbol change. According to a PR released this morning, the name-change should go into effect on May 16th.
Moving on to the technical side of things:
One of the main aspects that we find attractive about LWSP is its skin-tight share structure. With just 100M shares authorized, and 51.85M outstanding, LWSP is just the type of low-float play that can go up on a breath of air. With stocks structured in this way, just the slightest amount of buying pressure could potentially give rise to substantial upward movement.
We’ve made a few annotations to the following LWSP chart which show just that:
If LWSP were to re-test its previous swing high of .39, it would mean gains in excess of 129% from the current price.
Yesterday’s Winners
We’d also like to take a minute to call attention to the start of another great week. A number of mentions from yesterday fared quite well and offered up nice gain opportunities:
SRNA – Daily Range: 3.00-8.73 – Max Gain: 191%
BIOF – Daily Range: 4.00-7.80 – Max Gain: 95%
PSID – Daily Range: .077-.107 – Max Gain: 39%
WATT – Daily Range: 11.58-16.00 – Max Gain: 38%
TTDZ – Daily Range: .0228-.0275 – Max Gain: 21%
