Blue Horseshoe: Even More New Cannabis Stocks

Before we get started this morning, we’d like to welcome our newest readers. If you’re just joining us, you’ve missed an awful lot, as the gains we’ve seen in 2014 have already wowed us beyond belief, but not to worry- We intend to keep this freight train moving full speed ahead! We’ll continue to work hard at bringing you advance warning on chances for rapid-strike profits, from sub-pennies to big boards, options trading and more! Without further ado, let’s jump into a brand new week of action.


United Treatment Centers, Inc. UTRM

We hope that everyone has UTRM on their radar this morning. It is a play with impressive momentum that we caught off of our scanner on Friday.

After opening at .0045, UTRM shot up to .0082 (+82%). It dipped back to .0067 in the afternoon, before making another push to a new high of .0088 (+31%), bringing cumulative intraday gains to 113% The overall move from the low to the high was 96%

UTRM traded over a billion shares last week, and appears to be gapping up past Friday’s resistance at .0089. so we wouldn’t be surprised to see that momentum carry over into this week. We are placing UTRM on high alert for that reason, as well as its entry into the pot sector.

Per a recent PR, UTRM has a new marijuana-related website coming out on the 28th, so we’ll be waiting to take a look at the finished product.


Newcomers to the Marijuana Sector

Due to the extreme gains we’ve seen from so many companies that have chosen to take advantage of recent hysterical trend toward everything cannabis, we have another couple stocks to throw into the mix.

G&S Minerals, Inc. GSML

GSML recently filed a statement of conversion with the Colorado Secretary of State, noting its intent to change its name to Cannabis Holdings, Inc. effective April 1st.

We are going to want to tack this symbol onto our marijuana stock watchlist as GSML attempts to make the transition into the pot sector. We’ll also we on the lookout for further updates regarding the specific direction the company takes.

Supreme Pharmaceuticals, Inc. SPRWF

SPRWF woke up from the dead on news that it too would pursue a place in the medical marijuana arena. Friday the stock shot up significantly, and looks like it wants to gap up again this morning.

Chasing runners of this magnitude can be a risky prospect, so remember, the eventual pullback that is bound to happen at some point, will often give rise to one or more substantial bounce opportunities.

CALGARY, ALBERTA, Mar 24, 2014 (Marketwired via COMTEX) — Supreme Pharmaceuticals Inc. (the “Company”) (TSX VENTURE: SL)(OTCBB: SPRWF) is pleased to announce that the Company has signed a conditional agreement with an arms-length South Okanagan-based company, whereby the Company has the option to purchase its producing medical marijuana business for up to twelve months for the sum of $1,000,000, payable in cash and shares, subject to regulatory approval. The Company is currently in a 10-business day due diligence period and if satisfied, Supreme will make a $100,000 option payment.


Side Notes:
Plays that did well last week that we want to continue to monitor: MNGA, and PBR (May $12 Calls)


Extended Watchlist:
ORFG, ICLD, IDN, HEB, CAMT, PAL, CREG, UBIC

DEJ, PHOT & Extended Watchlist

Dejour Energy, Inc.  DEJ

We’re taking a look at DEJ this morning, an oil & gas play that is coming off of a recent bottom. Indicators on the chart seem to be ripening, so we wanted to put DEJ on everyone’s radar. As you can see, the RSI is coming off of being oversold, while the MACD is in the process of a bullish cross, with the blue bars on the histogram also flipping up to the bullish side.

Yesterday the company announced its entry into a letter of intent on a deal that will partner it with a privately-held energy company out of Singapore, and bring in a substantial amount of capital in the process:

VANCOUVER, British Columbia–(BUSINESS WIRE)-Dejour Energy Inc. (TSX:DEJ) (NYSE MKT:DEJ), an independent oil and natural gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announces that it has signed a Letter of Intent to create a strategic joint venture partnership with a private Singapore based energy company (‘SECO’) to develop the company’s Colorado oil and gas assets.

Upon completion of due diligence, legal documentation and requisite approvals expected prior to January 31, 2014, SECO will invest an initial sum of up to $27.5mm in 2014 and 2015 to earn an 85% share in Dejour’s interests in its Colorado properties  >> FULL PR


Growlife, Inc. PHOT

Many of you know, we’ve been pounding the table on PHOT and the marijuana industry as a whole for well over a year now. Beginning back in August, we started to ramp up our coverage of this stock. At the time PHOT was trading as low as .0299, and has continued to push the envelope ever since, bringing us up to the present where PHOT is now officially in Blue Sky Breakout mode.

The stock has reached lofty highs culminating in yesterday’s run up to .14, which represents an astonishing 368% increase off of the low we just mentioned, in just a few months’ time.

As is the case with any runner that’s streaking into the Blue Sky, we want to be cautious of a potential reversal. In the event of  pullback, we’d like to see support hold at the previous resistance level of .1045.

Important Industry Side Note: Not only have there been recent talks within the NY State legislature about plans for a bill that would legalize the drug in New York as it has been in Washington and Colorado, but Uruguay also recently became the first country in the world to effect nationwide legalization and regulation of growth, sales, and trade. The idea that marijuana prohibition is both ineffective and harmful on many levels is finally beginning to gain real headway in the mainstream.

12/16 – Newsweek Article: GrowLife Wants to Be Legal Weed’s Financier


Extended Watchlist:
FTR, KFN, BIOD, ATHX, VRNG, CREG

NURO, YRCW, PLUG & Extended Watchlist

NeuroMetrix, Inc. NURO
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A selection from yesterday’s extended watchlist, NURO put up quite the performance. The stock hit its low of 2.23 early on in the session and ran into the close, touching 2.81 (+26%) before finishing out the afternoon strong at 2.79.

Any time a stock ends on a high note, its always a good idea to stay tuned into its activity the following day. NURO is up in pre-market trading, making it a candidate to continue its run today.


YRC Worldwide, Inc. YRCW

Yesterday morning’s report mentioned that we were on the lookout for a reversal from YRCW, which had gapped down heavily from the previous session. The stock did indeed rebound off of its low of 7.06, bouncing as high as 7.96. That was good for a 13% intraday gain.


Plug Power, Inc. PLUG

We first mentioned PLUG back on February 15th. The stock traded as low as .1155 following that initial alert, and subsequently reached a high of .80 (09/10), representing an overall move of 593%.

Following that monster run we recently saw a consolidation to last week’s low of .45, and since that time has displayed noticeable signs of recovery. We are back to paying close attention here as PLUG has passed its 50DMA in premarket trading, and the MACD is on the cusp of a bullish cross. The RSI is also coming off of being oversold, and is pointing North in apparent preparation to break the 50-line.

Regaining even a portion the ground leading up to its September highs would mean significant gains out of PLUG.


Extended Watchlist:
FNMA, FMMC, OXBT, OCZ, CREG, YUME, BORN