Pervasip Corp. PVSP
As we kick off this short week of trading, we’re going to revisit the recent activity of a stock we’ve mentioned a few times before. We first tagged PVSP for tracking as a super sub-penny bottom-play back on January 20th which, coincidentally, was also at the start of a holiday-shortened trading week. The stock was bouncing around at basement-level prices in the .0001-.0004 range and continued to do so most of the month of February.
We came back to PVSP when it began to seriously heat up at the beginning of this month, and watched as it ran as high as .0011; which at that point represented more than a 900% up off of our observed low.
Last week, after a consolidation period off of its initial run, PVSP began to perform again. Wednesday’s news of an acquisition (see below) began to drive the stock to new highs since we’ve been following it, and on Friday it hit an impressive .0019. From where it ultimately found support and bounced (March 17th) at .0005, that marked a swing of 280%
From the .0001 low the stock hit on the last trading day of February, it represents an astounding 1800% increase overall.
As you’ll read in the following PR, and the official 8K filing (linked below), the recently acquired company is a Denver, Colorado-based hydroponics equipment distributor, which effectively lands PVSP on the fringe of the legal cannabis industry, one of our favorite sectors to follow over the past few years.
WHITE PLAINS, N.Y., March 26, 2015 /PRNewswire/ – Pervasip Corp. (PVSP) (“Pervasip” or the “Company”) announced its execution and closing of an agreement to acquire 90% of the issued and outstanding equity of Canalytix LLC, an energy and resource solutions provider based in Denver, Colorado.
Canalytix provides advanced analytics through an integrated cloud-based platform that allows users to monitor and control greenhouse facilities through the cloud, including real-time data on energy usage, HVAC systems, lighting and costs. >> FULL PR
PERVASIP CORP Files SEC form 8-K, Unregistered Sale of Equity Securities, Amendments to Articles of Inc. or Bylaws (Fri, Mar 27)
Kraft Foods Group, Inc. KRFT
On Wednesday, we ventured some options trading ideas on KRFT in the wake of the huge news that the company would be merging with privately-held Heinz to form North America’s 3rd-largest food conglomerate. Our ideas were the April 17th, $75, $80, and $85 Calls.
We were treated to a serious spike that netted percentage gains in the thousands that day, and on Friday, KRFT ramped up once again as it hit highs in the $89-range.
As a result, our tracked contracts all produced another spike as well; there was even one twelve-bagger in the mix!
04/17 $75 Calls – Range: 7.18-13.50 – Max Gain: 88%
04/17 $80 Calls - Range: 3.00-9.01 – Max Gain: 200%
04/17 $85 Calls - Range:.35 4.70 – Max Gain: 1243%
We will of course, continue to monitor these contracts moving forward, as there is still well over two weeks before their expiration date.
ICEL, CNET, CNAT, MJMD, SFUN