Marijuana Stocks Blazing to New Highs in 2013

Marijuana Stocks Blazing to New Highs in 2013

On Monday, we encouraged everyone to check out one of our recent marijuana stock reports, where we highlighted no less than ten plays in the up-and-coming sector. We feel like a broken record at this point, having pounded the table on these stocks for a very long time, but we won’t quit parroting ourselves until we’re sure everyone understands: If you ever asked yourself “what is the next ‘big thing’?”, this is it. Marijuana stocks are the next big thing, and we’ve done our absolute best to show everyone we believe just that. It has become clear to most lawmakers that the advantages to ending marijuana prohibition, particularly from a fiscal standpoint, far outweigh any alleged drawbacks. The Marijuana Stock Index has risen over 900%% since October, and it’s no coincidence. Just take a look at this article explaining how the marijuana industry is gearing up for a “legislative windfall” regarding the legal status of the now mostly-illicit substance.

This week, MWIP has thus far traded in a range from .0585-.12 gaining 105% If you take into the account the low since we first mentioned MWIP (.0024), our total cumulative gains have reached a staggering 4900% as of yesterday’s high.

ERBB hit a high of .0163 yesterday, which represents move of 104% from this week’s previous low of .008.

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PureSafe Water Systems, Inc. PSWS

PSWS has been a successful new play on our watchlist, performing very well so far this week. It first appeared on our extended watchlist on Monday, when it was trading as low as .0049. Yesterday the stock closed at the high of day at .0075, a 53% gain from Monday’s low.

This morning’s PR:

PureSafe Water Systems, Inc. (OTCQB: PSWS) Announces The Signing Of An Exclusive Worldwide Sales And Marketing Agreement And An Engineering Package Agreement

PLAINVIEW, N.Y., Feb. 13, 2013 /PRNewswire via COMTEX/ — Leslie Kessler, CEO of PureSafe Water Systems, Inc. (OTCBB: PSWS) (OTCQB: PSWS), is pleased to announce the signing of strategic agreements with Global Equipment Marketing, Inc. (“GEM”) and Engineering Technologies Group, Inc. (“ETG”) of Hopkinton, MA.
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Peregrine Pharmaceuticals, Inc. PPHM

Those of you who have followed us for long enough, know that PPHM is an old-time favorite of ours. We’ve tracked this play for the better part of a year now, and in that span, we’ve seen it make some stellar gains.

PPHM first began appearing in our watchlist in mid-August 2012, as it ran from 2.30-3.09, after which time it pulled back to 1.76, before skyrocketing as high as 5.50.

More recently, we’ve been looking for PPHM to challenge 2.78, a recent swing high, that represents the current main area of resistance on the chart. The company released favorable test results for its pancreatic cancer treatment this morning, so be sure to check this stock out if you have not  already done so.

This morning’s PPHM headline reads:

Peregrine Pharmaceuticals Announces Results From Phase II Clinical Trial of Bavituximab in Stage IV Pancreatic Cancer

Top-Line Results Demonstrate Signs of Anti-Tumor Activity; a 28% tumor response rate as opposed to the control group which posted a rate of just 13% These statistically significant results have the stock trading up 20% pre-market, so today should get interesting for PPHM.
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Extended Watchlist:
ADCF, BMSN, GRPN, ZNGA, IGC,

LWSP, PSWS & Extended Watchlist

Legacy Wine & Spirits International Ltd. LWSP

LWSP first began appearing on our extended watchlist on January 16th, at which time the stock was trading as low as .006. Within a few days, it had pushed its way up to .023, for a 283% move.

Again on Friday we included LWSP on our extended watchlist, this time at a penny, and yesterday we saw the stock hit .02, a chance for an added 100% rip.

The chart conditions remain favorable as well- the RSI is climbing into the power zone, the PPO pinching in for a cross, and the Slow STO recently crossing up through the 50MA.

Friday’s post market PR:

Legacy Wine & Spirits International Ltd. (OTCPINK:LWSP) announces the signing of a Letter of Intent (“LOI”) with Mojave Gold Corporation (“Mojave”), www.mojavegoldcorp.com of Largo, Florida.

The LOI allows for Legacy to have the right to earn up to a 30% interest in Target #1(Kaburi Anorthosite) of Mojave’s PGM Project in their Platinum/Palladium licenses in Guyana. The arrangement also calls for an exchange of shares for both companies and a cash commitment from Legacy to Mojave for the Target #1 work program.

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PureSafe Water Systems, Inc. PSWS

PSWS came off of our extended watchlist yesterday to trade in a range from .0049-.0065, and closed at its high of day, for gains as much as 33%

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Added Note:

BMSN and MWIP were focal points yesterday, we noted that the two stocks have gained nearly 5000% over the past four months. Yesterday, they continued to pile on the gains, turning in two stellar performances. They, of course, remain high on our watchlist.

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Extended Watchlist:
SCXN, ZNGA, ENTB, CLSN

MWIP, BMSN, LWSP & Extended Watchlist

The following stocks have collectively brought us over 5000% in gains in just four months. No, seriously. We’re not making this up, read ahead and see for yourselves:

MediSwipe, Inc. MWIP

MWIP went on to see its fourth straight day of gains on Friday, after appearing in our morning report. The stock ended up touching a high of six cents from a low of .0491, gaining 22% intraday. We’d like to see support materialize at .049 as we begin this new trading week.  Below that, we’d need a previous resistance level, .0455, to hold as support in the event of a consolidation.

MWIP, and indeed all the other marijuana related plays on our watchlist, have done an amazing job for us recently. For those of you who have not followed our recent coverage on the topic, we encourage you to check out one of our recent cannabis stock reports, containing no less than ten of our interests in the field of medical and legal marijuana.

Since we first mentioned MWIP on the morning of October 16th, the stock has traded in an astounding range from a low of .0024 this fall, consistently climbing its way on up to Friday’s high at .06 for a mind-blowing 2400%

BARCHART.COM is still giving MWIP a “100% Buy” Rating

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Bio-Matrix Scientific Group, Inc. BMSN

Speaking of unthinkably epic gains, if you can believe it, BMSN has also afforded us the chance at 2400% in profits! Since appearing on our watchlist on December 26th, the stock was as low as .0003, and ran to a high of .0075.

We are extremely proud of our timing in alerting BMSN on the 26th, as it came just one tick above the ultimate low (.0002) that preceded this huge uptrend. In order to sustain its upward trajectory, we’ll need to see support hold in the .005 area, as pointed out on the chart below. We also show the next key area of resistance at a previous swing high at .0148.

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Legacy Wine & Spirits International Ltd. LWSP

LWSP began appearing on our watchlist on January 16th, after which time we observed a low of .006, before the stock pulled in 283% in gains running to .023.

On Friday following another appearance in our extended watchlist, LWSP touched a low of a penny before running to .0175, a 75% intraday move.

The next key resistance comes at .018 and .023.

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Extended Watchlist:
EXPU, IDGC, PSWS, PEIX, BIOF, ZNGA, CLSN