Tag: HEMP

GGSM | Gold and GemStone Mining, Inc. | Midday Update

Gold and GemStone Mining Inc. GGSM

We wanted to send out an update to outline the news released today by GGSM. We are currently monitoring closely for more bounce opportunities like the one that presented itself this morning as the stock dipped to .11 before trading as high as .135, for a possible 23% intraday jump.

The stock had already doubled the volume of yesterday’s session by lunch today. We’d like to see the support continue to hold off of the 20DMA, currently sitting around .105.

Today’s News:

DRAPER, UT, Dec 05, 2012 (MARKETWIRE via COMTEX) — Gold and GemStone Mining Inc. (OTCQB: GGSM), a gold and diamond exploration and development stage mining company focused on Sierra Leone, West Africa, has commented today on the growing economic opportunity within the mining industry of the Country in which it plans for full scale alluvial mining operations to begin in Q2 2013.

Sierra Leone has emerged as one of the most stable countries on the African continent. Its democracy is thriving, the economy is growing and the climate for investment is being transformed. With its verdant land, stunning beaches, fertile seas, vast mineral resources and innovative people — Sierra Leone is truly a land of opportunity.

In a recent report issued by the Standard Chartered Bank forecasts show Sierra Leone is set for rapid growth; with forecasts at 30% growth in real GDP in 2012 Government forecasts from the Ministry of Finance and the IMF go beyond this and estimate a potential one time surge in real GDP growth of 51% y/y in 2012 owing to new iron-ore production from the Tonkolili mine which would still put Sierra Leone among the fastest-growing African countries.

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Be sure to watch this GGSM spotlight for a peek into operations in Sierra Leone:
GGSM Video

More Info at : www.ggsmining.com

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Extended Watchlist:
REVO, AMBS, HEMP, TAON (Potential Bottom-Bouncer)

ERBB & Extended Watchlist

Tranzbyte Corporation ERBB

The medical marijuana plays we’ve been following didn’t quite continue their recent momentum on Monday, with the exception of ERBB, a point of recent discussion which was well into the green. We’ve followed this stock throughout the course of its recent uptrend.

Back on November 13th, we said: “We are looking for when the 20DMA surpasses the 200DMA”, and sure enough, as we point out on the chart below, a golden cross seems imminent. In addition, the RSI is moving toward the power zone, and  the Slow STO is prepping for a crossover.

Other Medical Marijuana related stocks we continue to monitor include: CLNP, CBIS, HEMP, GRNH, MJNA, PHOT

Extended Watchlist:
ABOT, PSWS, PCFG, ISON, SPBU, GLTV, GWYT, WSHE

 

GRNH, HEMP, MJNA, CBIS, PHOT & Extended Watchlist

GreenGro Technologies, Inc. GRNH

After topping out at a high of .108 on Monday for gains of 731% over the low of .013 since we’ve been following it (Oct.16th), GRNH had a consolidation, and found support at the 20DMA (.036).

Yesterday, the stock made a significant rebound, pushing back to the six-cent range, showing itself as a classic case of ‘dip-and-rip’. We’ve seen a slough of nice gains out of this stock, and yesterday’s bounce shows just why we pay such close attention to the moving averages.

Moving forward, we’d like to see the 20DMA hold as support. Should it dip below that level, we’d need to see support hold at the 50DMA. On the flip side of the coin, we have resistance at Monday’s high of .108.


MJNA, HEMP, CBIS & PHOT

These are some of the other medical marijuana stocks to which we’ve been paying very close attention since Oct.16. After making great moves, like GRNH, these all saw a bit of a consolidation, and have now begun to heat up again. For this reason we will continue to monitor them carefully going forward, waiting for the right opportunities to present themselves.

Out of all these, it would appear PHOT has the ripest-looking chart:

We can see on the chart above, that the RSI is breaching into the power zone, and the stock is approaching a major resistance point at the 200DMA. A break past that point could mark the beginning of another major run for PHOT. The volume yesterday reached an all-time high as well. The PPO is pinching in for a cross, while the Slow STO crossed over and punched through the 50DMA.  With the way that these indicators are shaping up, we feel that PHOT is just about ready for another wild run.

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Extended Watchlist:
RAYS, GRDO, HHSE, GMXS

Medical Marijuana Round-Up: Part Three

Medical Marijuana Round-Up: Part Three

Election Day has come and gone, and as we suspected, medical marijuana passed in certain states. While still against federal law, this was big step for the medical marijuana movement, and related stocks that we have reported on in the recent past. We were one of the first to the party in discussing the potential of these stocks as desicion 2012 drew near, and now of course, we see several other groups jumping on the bandwagon. Simply check out the dates on our previous reportsto see that this is, in fact, the case.The following is a list of medical marijuana plays that we’ve continuously monitored, and will continue to do so as we see how the successful push for legalization in some states affects their futures.

These are all stocks that have brought us sizable gains already, but with this new development, things could get really exciting as a result. We wouldn’t be surprised to see another wave of new interest in these and other related stocks.

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Medical Marijuana, Inc. MJNA

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Hemp, Inc. HEMP

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GreenGro Technologies, Inc. GRNH

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Cannabis Science, Inc. CBIS

____Here are several more related plays that we’ve dug up to give you as much of a variety as possible.

 ERBB, FSPM, GTLA,MDBX, MWIP, PARS, PHOT, RFMK, RIGH, SFIO, SRER, TRTC

____Extended Watchlist:
STLK, CGRA, ACGX, VLNX, CGUD

ACGX, CGRA & HEMP | Today’s Stock Watchlist

Alliance Creative Group, Inc. ACGX

The initiation of our coverage of ACGX yesterday was a rousing success. After touching a low of .01, the stock ran into a .0145 close, for a 45% intraday gain. This comes on the highest volume it has seen in over 5 months, with over 993K shares changing hands.We want to continue to monitor ACGX for any opportunity it may present, and with the kind of momentum it began to build yesterday, there is a fair chance that this will happen sooner than later.

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CGrowth Capital, Inc. CGRA

CGRA is another of the stocks we’ve covered in the past week which has also enjoyed enhanced performance, running from .08 on up to .11 for a gain of 37.5%
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Hemp, Inc. HEMP

Wednesday we called the bounce on HEMP perfectly. The stock traded from a low of .061, up to .09 at yesterday’s high, for possible profits of 47.5%

 

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