Tag: ACBFF

Blue Horseshoe Stocks: ACBFF Recap & More

Marathon Patent Group, Inc. MARA

Yesterday morning, we were just recapping the recent excellent performance of MARA since our alert on November 2nd, at which time e would observe a low of 1.19 in the stock.

MARA had run all the way up to more than $6 as of Friday, and we mentioned that the stock was gapping up even further in yesterday’s premarket. We came back for this one at an excellent time, and the stock posted yet another bullish session. It picked up right where it left off on Friday once the session commenced, with MARA running to 10.03.

That high also represented an increase of 743% from our original low from early this month. From the current point, the stock has begun to look extremely overbought, so we may need to look out for a dip-and-rip scenario to remain interested in this play moving forward. But the huge move is already on the books and we’ve been very pleased with its performance.

Aurora Cannabis, Inc. ACBFF

We also want to go over the solid run from ACBFF since we last mentioned it on November 7th. We included it as part of a cannabis commentary, wherein we urged readers to consider the current and expected strength in the Canadian marijuana markets. Aurora has long been one of our favorite Canadian pot plays, and for good reason.

On the day of our last alert on ACBFF, it traded for as little as 2.777/share, and as of yesterday’s new high of 6.65, we’ve now seen a run totaling 139% from this play. A very respectable run for the month of November. This is certain to be one of many cannabis stocks from North of the Border that we’re going to continually track with Canada’s nationwide marijuana legalization headed this way in just 8 month’s time.

Extended Watchlist:
ROKU, THO, IQV, INTV, SORL, NEPT

Blue Horseshoe Stocks: Cannabis Commentary & More

NeoPhotonics Corp. NPTN

We’re always bargain hunting for stocks that have been recently beaten back to what appear to be unsustainably low levels, and we’re observing one heck of a double bottom setup on NPTN at the present time.

Twice now the stock has touched and rebounded off of the mid-$4 range, with the annual low coming in at 4.56. We’re going to want to place NPTN on watch in sessions to come and look for the stock to establish higher levels of support.


Valeant Pharmaceuticals International, Inc. VRX

It’s been awhile since we had a look at VRX, and as it turns out, this is another stock that looks ready to start a trend off of a recent relative low.

VRX is gapping up considerably into the $14-range this morning on the heels of a solid earnings beat. We’re going to signal a range of options contracts to watch for some possible dip-and-rip activity. This is just the type of setup we routinely look for, and we’ll be tracking the VRX Weekly $13-14 Calls for the remainder of the week.


Cannabis Commentary

It has been a slow year in general for many domestic cannabis stocks, due, at least in part, to a DOJ led by outspoken marijuana opponent Jeff Sessions. It has created an environment of uncertainty pertaining to the federal government’s likelihood of creating problems for marijuana businesses, even in states where voters have officially spoken and legalized the plant. The marijuana movement is here to stay, but at present, is dealing with this roadblock of sorts.

That doesn’t mean our interest in the sector has diminished. In fact, we’re as exuberant about the future of the cannabis industry as we ever were. North of the Border, Canadians will enact a nationwide end to prohibition just 8 months from now.

The World Anti-Doping Agency, which was formed by the International Olympic Committee to police the use of performance enhancing drugs in athletics, also recently removed Cannabidiol (CBD) from its list of banned substances, opening up a huge market for the hemp-derived product.

Here are just a few of the cannabis plays that we track on a regular basis, and will continue to do so as we head into 2018, which we feel is going to be a big year for the industry and all of its subsectors. Maybe the biggest one yet!

MJNA, TRTC, MJTK, AGTK, GRNH, HEMP, ACBFF, APHQF,  TWMJF, CBIS, XXII,

Extended Watchlist:
TXMD, EVEP, DXTR, COLL, CRC