Blue Horseshoe Stocks: Bottom Plays, Pot Stocks & More

Legacy Platinum Group, Inc. LWSP
The latest addition to our cannabis watchlist, we introduced LWSP in yesterday’s daily report. After consolidating off of a recent 39-cent high, the stock has made higher highs and higher lows off of its bottom.

Yesterday the stock traded from its low of .187, and ran 12% into the close, ending the session at its high-of-day, .21. We always like to see a stock finish on a high note, as it is often a precursor to further gains.

BARCHART.COM is currently giving LWSP a 96% Overall “Buy” Rating 

MannKind Corp. MNKD

MNKD serves as the latest example of why we highly suggest all of our readers keep a running list of the stocks we place in our daily Extended Watchlists.

We included this play in Friday’s report as it had been in near free-fall and the possibility of a bounceplay was present. The stock ended up finding support at 4.02, and yesterday after-hours we spied a PR regarding recommendation from an FDA Advisory panel to green-light the company’s AFREZZA(R) insulin inhalation powder.

As a result, the stock is gapping up significantly in pre-market action today, so we’ll want to keep a close watch over this potential breakout play.

VALENCIA, Calif., April 1, 2014 (GLOBE NEWSWIRE) — MannKind Corporation (MNKD) today announced that the Endocrinologic and Metabolic Drugs Advisory Committee of the U.S. Food and Drug Administration (FDA) voted 13 to 1 to recommend that AFREZZA(R) (insulin human [rDNA origin]) Inhalation Powder be granted marketing approval by the FDA to improve glycemic control in adults with type 1 diabetes and voted 14 to 0 to recommend that AFREZZA be granted marketing approval by the FDA to improve glycemic control in adults with type 2 diabetes. If approved, AFREZZA would be the first ultra rapid-acting mealtime insulin therapy available in the United States. >> FULL PR

Alternative Fuels Americas, Inc. AFAI

Speaking of potential bottom plays with fresh news on the wires, we caught AFAI in our morning scan today, and as it turns out, this is another marijuana-related stock. That fact alone is enough to grab our attention.

We have yet to see much news in this sector from Florida, one of the latest states with a medical marijuana initiative on its ballot, so we’ll be interested to follow this storyline as well.

HOLLYWOOD, Fla., April 2, 2014 /PRNewswire/ — Alternative Fuels Americas, Inc. (AFAI) announced today that its subsidiary Marijuana Holdings Americas, Inc. has founded and will sponsor the Florida Cannabis Industry Association (FLCIA), the primary trade association for Florida’s emerging cannabis industry. >> FULL PR

Prana Biotechnology, Inc. PRAN

In Monday’s Extended Watchlist, we called PRAN a “Huge gap down, possible bounce-play”. The downward pressure continued through yesterday’s session, and the stock closed at 2.30, just .03 off of its low.

This morning, we are seeing the beginning signs of a potential recovery; PRAN is gapping up to the tune of 4% in pre-market trading. We’ll continue to keep this stock on watch, in the event it can regain some of its recent lost ground. Trading over $10 as recently as March 26th, a return to even a fraction of those levels would mean significant opportunity for the sharp trader.

Extended Watchlist:
ENVI, RNN, KIOR, SOL, CPST, DLLR(Possible Buyout)

Blue Horseshoe Stocks: DEWM, AEGY, AFAI, TTDZ

Dewmar International BMC, Inc. DEWM

DEWM met our expectations yesterday, and in a convincing fashion at that. If you recall, we pointed out the likelihood of the stock making significant gains on the heels of a joint press release with cannabis sector star, Hemp, Inc. (HEMP).

DEWM didn’t disappoint; after trading as low as .0051, the stock ran into the close, ending the session just one tick below its .0085 high-of-day on more than 3x its 3-month average volume. Sharp traders could have achieved gains of up to 66%

Counting from our initial alert low of .0036 (Feb 10th), yesterday’s high represented an overnight move of 136%

After such a rapid run-up, we’ll be on the lookout today for DEWM to possibly gap up and undergo a dip-and-rip scenario.

Alternative Energy Partners, Inc. AEGY

AEGY is another one that closed near its high yesterday. Apart from a brief mention back in May of last year, we’ve been discussing it pretty regularly since January 27th. At the time, the stock was trading at .0036, and followed that up with a 236% run to .0119.

We then saw a consolidation to .0069,  and we’re happy to report that yesterday the stock reached a high of .0094, adding another 36% to our already impressive gains.

Alternative Fuels America, Inc. AFAI

We added AFAI to our cannabis stock watchlist yesterday, and a classic dip-and-rip played out as we observed an intraday gain of 19% from .1512-.18.

At this point, its becoming difficult to keep track of all the opportunities provided to us by marijuana-related stocks, but we continue to do our best to point out as many as possible! With percentage gains pushing into the tens-of-thousands, it has certainly exceeded our wildest expectations, and the winners just keep on coming.

Triton Distribution Systems, Inc. TTDZ

We had TTDZ briefly on the back burner, and noticed that the company released its Quarterly Report on OTC Markets yesterday. It included such highlights as increased gross profits for the 3-month period ending 09/30/13, which exceeded the corresponding period for the year prior by 521%

We’re going to continue to monitor TTDZ for any further developments, of which we will certainly keep our readers apprised, so stay tuned!

DEWM, FITX, LATF, AFAI, NYBD & Extended Watchlist

Dewmar International BMC, Inc. DEWM

We brought DEWM to folks’ attention in yesterday’s morning report, and as you can see from the following intraday chart, the stock did offer up gain opportunities despite ultimately closing down on the day. After opening at .0054, the stock promptly ran 20% to as high .0065. Following a consolidation to a low of .0037 shortly after 2PM, the stock made another bounce to .0046, a 24% move.

We want to keep this one on our radar moving forward, after seeing a PR released this morning alluding to a partnership with Hemp, Inc.(HEMP) much like the one that catapulted REVI to stellar gains last week.

LAS VEGAS, NV–(Marketwired – Feb 11, 2014) – Dewmar International BMC, Inc. (OTCQB: DEWM) (OTCBB: DEWM) (“Dewmar” or “Company”) announced today that in the interest of the Company’s major expansion plans into the industrial hemp and medical marijuana industries, the Company has secured a co-branding and professional consulting services agreement with The Industrial Hemp and Medical Marijuana Consulting Company, Inc., a wholly-owned subsidiary of Hemp, Inc. (OTC Pink: HEMP). >> FULL PR

Trending Pot Stocks

Several of our tracked cannabis plays started off the week by pulling back from recent highs, but others still made headway, including the following:

Creative Edge Nutrition, Inc. FITX

We continued to talk about FITX in yesterday’s newsletter, and the stock followed up with a nice performance. After touching a low of .084, the stock quickly ran as high as .112, affording opportunistic traders a chance at gains of up to 33%

We’ll continue to monitor the situation as the attention the company is getting is becoming more wide-spread:

CEN Biotech Inc. (FITX) makes Headlines on National News Outlets (Tue 8:22AM EST)

  Latteno Food Corp. LATF

LATF made a nice intraday move as well, trading in a range from .007 to .01. That marks a gain of 43% following yesterday’s PR:

Latteno’s Wholly-Owned Subsidiary Valley Organics Introduces New Medical Marijuana Product-NullFlam (Mon, Feb 10)

Alternative Fuels America, Inc. AFAI

AFAI is a new cannabis-related play that we’d like to include this morning. It’s another stock with untraded-upon news to consider:

AFAI’s Marijuana Holdings Americas Enters Oregon For First Licensed Medical Marijuana Retail, Grow Facilities (Tue 8:35AM EST)

NYBD Holding, Inc. NYBD

NYBD is a play we’d like to radar this morning, following an impressive display yesterday as it gained a head of steam. The stock ended up with a gain of 50% over the previous session’s close, and did so on extreme high volume to the tune of more than 10x its 3-month running average.

We’ll be watching closely this morning to determine if yesterday’s momentum will carry over. NYBD has a recent history of rapid gains, as it ran from subpenny to more than .016 this past fall.

Extended Watchlist: