The Green Rush ContinuesHemp stocks continue to grow like weeds this week, and it has become increasingly clear that the trending toward this sector has now gone beyond the realm of mere retail, and into the hard-hitting arena of institutional trading. In some of these high-flying stocks, we were seeing bids worth tens of thousands of dollars stack up like hotcakes, and volume was through the roof, pretty much across the board. We couldn’t have asked for a better start to 2014, or a more solid validation of the long years we’ve spent following tons of cannabis stocks. We feel as if the success we’ve found thus far is just a taste of what’s to come. Just look at the following scan of the most active OTC stocks yesterday. Every single one is on our long-term marijuana tracking list:
As you can see, it is getting extremely difficult to track the individual story of every winner, because practically all of them have been going bananas! As we had to do yesterday, we’ll just list out the most impressive performances:
GreenGrow Technologies, Inc. GRNH
If we were impressed by GRNH’s run from .045 to .55 earlier this week, then we were astounded to see this one bull its way over a dollar, topping out at 1.20! The roughly 1100% gain we had already gotten out of GRNH turned into a massive 2566% change from it’s low of .045. It held more than 50% of the day’s gains, closing just below .80.
Creative Edge Nutrition, Inc. FITX
We saw a low of .0054 from FITX this week (Monday), and yesterday it just kept on moving.The stock bull-rushed up to a high of .03, a great 455% increase off of its low over just a three day period. Like alot of these plays, FITX closed strong, holding much of its ground at .0251.
Tranzbyte Corp. ERBB
ERBB was at .0026 early this week, and as of yesterday we’ve now followed it to a high of .0139. That’s a rapid gain of 435% The stock traded over 650M shares, shattering its 45M average.
Hemp, Inc. HEMP
HEMP was trading as low as .0153 when we tagged it in our report on New Year’s Eve. Yesterday’s frenzy carried it to .081, which represents an increase of 429%
Cannabis Science, Inc. CBIS
We’ve watched CBIS come off of its 52-wk lows (.028) in December, and it has been a bull-rush ever since. Yesterday’s high of .1185 equates to potential profits of up to 323%
Easton Pharmaceuticals, Inc. EAPH
We added EAPH to our blog in an update we published at 10:30am yesterday. At the time the stock had just begun to break out and was trading at .0041. Lucky for us, the breakout had only just begun. It would go on to touch a high of .0144 shortly before market-close, representing a single session gain of 251% from the low we caught.
SK3 Group, Inc. SKTO
Back in the fall, we tracked SKTO from the .013-range, and it made a push up toward .02. The stock has been as low as the .004-range as recently as late December. Yesterday, it would open just below a penny and run to more than three cents, joining the other pot related stocks in this mad-rush for profits.
GrowLife, Inc. PHOT
Our observed low of .157 (01/02) on PHOT was increased by 145% as the stock hit a high .385 yesterday. It’s amazing when you have to think of double-baggers as some of the more mild performances, but that’s just what this green revolution has achieved.
Terra Tech Corp. TRTC
We observed a price of .193 on Tuesday in TRTC, and yesterday’s continued onslaught of buying pushed this one as high as .43. For anyone keeping track (We are!), that’s a two-day rip of 123%
AVT, Inc. AVTC
AVTC was new to our “weed watchlist” yesterday, and after a low of 4.48 the stock shot out of the gate like a rocket, zooming to a subsequent 8.00-high, a gain of 79% . After pulling back to 3.90, it then rebounded to 5.30, adding a 36% swing, and bringing cumulative gains on the day to 115%
If all that isn’t enough to make your head spin, then nothing will. Stay tuned for further reports, as the medical and legal marijuana story has only just begun to be written. We’ll be tracking these things closely for a long time to come.
If you aren’t reading this report in your inbox, why not get over to Blue Horseshoe Stocks and get subscribed to our daily pre-market alerts. For our many new subscribers that we’ve picked up so far in 2014, it may be the best thing they’ve done all year!
CRDC, CDTI, RNN, FRO, ACST, ATHX