CBGI Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: Major Victory for Marijuana & More

Starbucks Corp. SBUX – Options Update

Our options idea from Friday morning, the SBUX 11/11 $53.50-55 Calls
continued to be good plays as SBUX stock posted some solid intraday activity even as many others faltered in the uncertainty of the elections. It allotted for us to see further opportunities over the multi-bag gains we’d already been afforded to that point.

$53.50 Calls – Range: 1.05-1.47 – Max Gain: 169%
$54 Calls – Range: .76-1.07 – Max Gain: 300%
$54.50 Calls – Range: .45-.69 – Max Gain: 458%
$55 Calls – Range: .23-.43 – Max Gain: 344%

The markets as a whole are showing trepidation over the events of the past 24 hours, but once again, we must remain open to the possibility of seeing further moves out of these contracts which have treated us well so far.

CANNABIS SECTOR UPDATE:

As expected California passed its recreational marijuana initiative on election day, with Nevada and Massachusetts following suit. Medical pot passed in North Dakota, Arkansas, and Florida. As we stated before, the whole landscape of the cannabis industry is set to change now, as the country as a whole takes several leaps toward the end of nationwide prohibition.

It’s just the outcome we expected, and the ramifications will begin to come into clearer focus in the weeks and months ahead as we observe how each state will handle roll-out of the new laws.

Our sector-wide alert will continue indefinitely as the effects of the outcomes on the investment side of things materialize.

Potential Bottom Plays

MannKind Corp. MNKD – It’s been a long while since we’ve taken a look at MNKD, and we want to draw some attention to it this morning as a possible bottom play. It’s been in a general downtrend for the better part of four months, and looks like it could be in a good spot for a rebound from this juncture. We’ll reserve it a space on our radar moving forward.

Teva Pharmaceutical Industries Ltd. TEVA – The threat of a class-action lawsuit has produced a backslide in TEVA in recent sessions. It’s just the kind of consolidation on non-material developments that we’re always scanning for as course corrections can often occur following this type of activity, and sure enough, the stock appears to be rebounding in the premarket. To take advantage, we’re going to look to the TEVA Weekly $40.50-42.50 Calls.

Extended Watchlist:
UAMM, AGTK, REFG, CBGI, WSGF, DAKP

Blue Horseshoe Stocks: Marijuana Sector Updates & More

Updates on Monday’s Picks
We kicked off another strong week yesterday, with most of the stocks we mentioned in our morning report posting notable gains, and several achieving new highs.

Kandi Technologies, Inc. KNDI

KNDI put up a modest 16% intraday increase, trading from a low of 19.01, and reaching a new high of 22.11. That figure is especially impressive when you consider the fact that we picked up on this play for the first time back in July of last year when it was trading in the low 4.40’s.

From those levels, the stock has risen an impressive 400% in roughly 8 months.

Growlife, Inc. PHOT

PHOT behaved predictably after we inserted it into yesterday’s report on the heels of a morning PR regarding a joint venture with VAPE.

The stock opened at .625 and continually pushed the envelope all day, closing at its high of day, and a new overall high of .777. That was good for a 24% intraday gain, and from our original alert low of .0318 from August of last year, yesterday’s new high represents an overall move of 2343%

It is a level of increase that we have become accustomed to seeing in the vastly popular marijuana sector.

Triton Distribution Systems, Inc. TTDZ

For those of you who’ve been with us since at least January, you will recall our original alert of TTDZ on the 30th, at which time the stock was trading hands at .0012.

Yesterday, TTDZ became the third play on our list to bull its way to a new high, running from a daily low of a penny, up to .0167. That marked a 67% intraday rip, and an overall appreciation of 1292%

As we just stated, stocks in any way involved in the burgeoning cannabis industry have allowed us to see four-digit gains with some regularity.

Cannabusiness Group, Inc. CBGI

Speaking of such stocks, another pot play that we’ve been tracking recently, CBGI, also had another landmark session on Monday.

As the week kicked off, the stock commenced a bull rush that took it to new highs as well, running in a wide range from .205 in the morning, to .455 by mid-afternoon, a 122% intraday spike.

Of course the new high requires us to once again calculate the total move since we mentioned the stock for the first time on March 3rd. Yet another four-digit romp, coming in at a whopping 1317%

ML Captial Group, Inc. MLCG

MLCG is another cannabis play that we added to our radar on March 7th, that announced this morning, its continued expansion into the sector with an update on the launch-status of its own line of cannabis vaporizing pens.

FOUNTAIN HILLS, AZ–(Marketwired – Mar 18, 2014) – ML Capital Group, Inc. (OTCQB: MLCG) (OTCBB: MLCG) announces its continued expansion in the medical marijuana industry and the extension of its SuperStar brand. >>FULL PR

Magnegas Corporation MNGA

MNGA appeared in yesterday’s Extended Watchlist, and had one heck of a session as well. On more than 18.5X its 3-month average volume, the stock ran from 1.15-1.56, an intraday move 36%

The stock appears to be gapping up this morning (Currently trading in the 1.70’s) possibly en route to further gains.

Extended Watchlist:
CEHC, PIHN, RNA, GURE, ADXS

Blue Horseshoe Stocks: CBGI Update, Form-4 Scan & More

Cannabusiness Group, Inc. CBGI

After adding CBGI to our radar on Monday, (At a low of .0321), and putting the stock on high alert yesterday, we’ve managed to do very well with this new player in the medical marijuana game. If you recall, yesterday, we sounded the alarm on CBGI in our pre-market report, putting it on “high alert” after receiving news that the company had acquired a plot of land in California to commence its plans for a licensed cannabis grow operation. In addition, we pointed out the Golden Cross that was forming on the chart as another reason why CBGI was in a prime position to blow its top.

That’s exactly what took place, as the stock opened at .045, dipped briefly to .041, and the it was off to the races. We saw CBGI run 217% to .13, which also marked an overall gain of 305% from Monday’s low. Following that initial rip, the stock would pull back and bounce several times for added intraday opportunities, and landed us at the top of the Penny Stock Rumble:

Congratulations to anyone who was able to take advantage of the chance for quick-strike profits!

CBGI ended the day at .076 up over 120% from its previous close, and we’d like to see support hold in the .06-.07 range in order for this play to retain our interest. We are still on the cusp of seeing that Golden Cross, so we’ll be keeping an eye on CBGI through to next week, when it looks like that might occur.

Extended Watchlist Winners:

Pixelworks, Inc. PXLW

We’ve got to take a minute to applaud ourselves for another of yesterday’s selections. PXLW appeared in our Extended Watchlist and went on to have a beast of a day. The stock shot up from 6.31 to 9.05, a solid 43% increase, and did so on more than 30x its 3-month average volume.

Fanny & Freddie (FNMA & FMCC)

Also making several appearances in our recent reports, we like the gains we’ve seen from this mortgage-lending pair. Both stocks have recently come from the $3.00-range and are now trading well over $5.00.

Form-4 Scan

Our regulars know that we periodically like to conduct Form-4 (Insider Trading) Scans, and have gleaned some big winners by doing so in the past (e.g. CETV made a 147% move for us). As a result of the one we ran this morning, we have a couple of stocks we’d like to throw into the mix:

Biodel, Inc. BIOD

BIOD popped up after several company officers filed their form-4’s which denote an exercise price of 3.37 (Currently trading in the mid-3.40’s), so we’ll be placing this one on our radar for sure. For our readers who may not be as well-versed, let us explain the significance. While Form-4’s reflecting the acquisition of shares by insiders shouldn’t be taken as a definite sign of something big brewing behind the scenes, it does suggest a certain in-house confidence in the stability of a stock that we like to see. It never hurts to put a stock on watch just in case there is something bigger going on.

Career Education Corp. CECO

The other one we spotted on this scan was CECO. A good number of Form-4’s have been submitted over the course of this week, so we’ll be throwing this one up on our radar sceens as well.

Side Note:

MLCG and MDCN are a couple of longer-term marijuana stocks that we think folks should have on their watchlists.

Extended Watchlist:
BMSN, FCEL, SKUL, NWBO, HART, CCRN, PLUG BSPM,

Blue Horseshoe Stocks: FRTD, CBGI

Fortitude Group, Inc. FRTD

FRTD is a recent success story that we wanted to share, having afforded us sizable gains over a short time frame. We brought FRTD to our reports for the first time on February 25th, and on that day, were given the chance at up to 122% in intraday gains when the stock ran from its low of .0081 up to a high of .018.

We stayed hot on its trail the following day, and were rewarded with another pop, this time, a 65% rip from .0151 to .0249.

The next session was spent under healthy consolidation, leading us up to last Friday, when FRTD turned itself around and began climbing again, posting higher lows and higher highs for the next three sessions.

FRTD continued its ascent yesterday, reaching a new high of .03, which, from our initial alert low (.0081) from just over a week ago, marked an overall rise of 270%

We’re going to continue to monitor FRTD heavily and we head into the week’s end, because as you can see on the chart below, a Golden Cross has just occurred, and we’re well aware that this formation often contributes to breakout conditions.

Cannabusiness Group, Inc. CBGI

We added CBGI to our marijuana stock watchlist on Monday, and on that day, we saw an intraday run from .0321-.042 with a max-gain opportunity of 31%

We still have CBGI on high alert today for two reasons. First, the exciting, untraded-upon PR of which you’ll find a snippet below, outlining the acquisition of land with the intent of setting up a medical marijuana grow-operation in California. Additionally, the CBGI chart is heading straight for a Golden Cross, so this is definitely a stock that will hold our attention as we go forward.

LONDON, March 6, 2014 /PRNewswire via COMTEX/ — The CannaBusiness Group, Inc. (OTC: CBGI) Mission Viejo, Ca. March 6, 2014, acquires commercial property or land, they lease out the facilities for Agricultural, Industrial, Commercial and Retail, while managing the properties that it has acquired and leased out. http://www.thecannabusinessgroup.com

The facility has a tenant that is a state licensed California medical marijuana cultivator. The land is 17.3 Acres located in Northern California with its own water source which has never been without water. The property is being purchased for $275,000 with restricted common stock and cash.>> FULL PR

Extended Watchlist:
PXLW, PSTI, BORN, PPHM, DRYS, NEON, ERII, FREE, ZBB

Blue Horseshoe Stocks: Pot Sector Updates & Much More

Commenting on Canadian Cannabis

Perhaps some of you may have already seen the stories that have been circulating about the current state of medical marijuana in Canada. This is a very complex issue that we are going to try to briefly break down to brass tacks. Essentially, beginning on the 1st of April, we are looking at the end of Canada’s MMAR (Medical Marijuana Access Regulations program, introduced more than a decade ago to allow Canadians with a need for cannabis to obtain a license to grow their own, or purchase it through one of the many dispensaries now operating across the nation.

The new rules will relegate supply duty to one of Health Canada’s eight commercial growers, or to one of roughly a dozen new growers that the Canadian health organization expects to lisnce when the new program takes effect. The move certainly has its opposition in the medical community and private sector, but barring some major development (such as a ruling by the Supreme Court of B.C., where the government is being sued under the assertion that the new laws are unconstitutional), all growing will fall to just a handful of state-sanctioned operations. What excites us most about the potential behind this development, is the direct involvement of some of the companies that we’ve been successfully tracking for quite some time which have formed a series of strategic partnerships.

Among the expected participants is one of our recent favorites in the sector, Creative Edge Nutrition, Inc (FITX). We’re eagerly awaiting further news regarding the status of its build on a 53,000sq. ft. grow facility in Lakeshore, Ontario, where it will become the largest such facility in all of Canada.

This also implicates another of our top pot performers, GrowLife, Inc. (PHOT) which has joined forces with FITX’s CEN Biotech subsidiary in this venture. The operation is expected to yield over a million pounds of marijuana annually to be distributed, with government approval, to the nearly 40,000 medical marijuana patients in Canada, a consumer-base that is expected to grow exponentially over the next few years.

Also in on the deal is ENDEXX Corp. (EDXC), whose “M3Hub Seed to Sale Tracking Platform” will be implemented to help track and maintain compliance for the facility’s huge crop output.

Other pot stocks we’ve covered stand to gain from Health Canada’s new regulations as well. Many of you will recall the huge gains we’ve already seen from Easton Pharmaceuticals, Inc. EAPH. Earlier this month, we received word that the company formed an alliance with a private B.C-based firm which has obtained government approval for its own grow operation.

All in all, we see the upcoming changes as even more reason why we can’t let the cannabis sector slip off of our radars. The new developments have been rolling in at a rapid rate, something we expect to continue indefinitely. Be sure to stay tuned as we keep you up to date on all of the exciting happenings!

Other Marijuana Related Interests

Fortitude Group, Inc. FRTD – We observed nice intraday activity from FRTD on Friday, as we had for most of the week up to that point. On the strength of a PR outlining the company’s new medical marijuana product “MariMist” designed for cancer patients, the stock made an intraday run of 43% as it spiked from a low of .0181 to touch a new high of .0259. From our initial alert low (Tuesday) at .0081, Friday’s high represents an overall move of 220%

Triton Distribution Systems, Inc. TTDZ – TTDZ has undergone a recent consolidation period after delivering us some sizable gains. Today we see news regarding the absorption of Triton into Green Cures, a story that we’re going to want to follow closely, as it could be just the catalyst we’re looking for to see TTDZ bounce back and potentially afford us a rebound opportunity:

TIBURON, CA–(Marketwired – Mar 3, 2014) – Green Cures, Inc. and Triton Distribution Systems, Inc. (OTC Pink: TTDZ) managements, announced today the conclusion and the closing of the takeover transaction and the full control of Triton by the Green Cures management. >> Full PR

Advanced Cannabis Solutions, Inc. CANN – Our first alert on CANN came on January 8th, at which point we observed a low of 6.31. What we’ve seen since then has been a rousing success-story, as the stock has gone on to hit a new high of 35.88. That’s a monstrous move of 469%, an unbelievable figure considering the price range of this stock.

Also, we have a couple of new marijuana stocks to add to our ever-expanding watchlist:

Cannabusiness Group, Inc. CBGI

Intelligent Living, Inc. ILIV

Central European Media Enterprises Ltd. CETV

We originally caught CETV on a Form-4 scan back in May of last year. We were excited to see the buyer listed on the form as Time Warner. At the time, the stock was trading at 2.67. By late October, it hit a high of 6.60. After consolidating gradually to find support near our original alert price, prompting us to include it on Friday’s extended watchlist. After dipping to a morning low of 3.30, the stock would run as high as 5.17. marking an intraday move of 57%

Positive ID Corp. PSID

PSID has been responding extremely well since we re-commenced coverage on the stock on February 18th. At the time we observed a low of .0572. On Thursday, after several consecutive sessions of positive movement, the stock reached a high of .125, good for an overall move of 119%

We prepared a video of the PSID chart, pointing out current levels of support and resistance:

Extended Watchlist:
TVIX, DNDN, ARRY, NIHD, EGO, IAG, FNMA, FMCC