Blue Horseshoe Stocks: MDCN Refocus & More

Pervasip Corp. PVSP

To kick off this short week we’d like to take note of PVSP, a super-subpenny stock that has recently awoken from the dead and begun to show some vigorous swings on the chart. PVSP has been bouncing around in a rough channel between .0002 and .0004 for the past couple of weeks.

Every so often we like to watch super-subpennies like this one for the low-risk-high-reward factor; with little room to fall, the rock bottom prices represent a true ground-floor opportunity. Many times in the past have we caught on with a play in this situation and reaped the benefit of rapid and monstrous upswings. We’ll keep a close eye on PVSP for the possible chance to do it again.

Last week the company announced that it had completed deal that will allow it to write approximately $2M off of its existing debt for an up-front sum of just $100K, and a later payment of $25K in October. >>> VIEW PRĀ 


Medican Enterprises, Inc. MDCN

MDCN is a marijuana-related stock that we’ve had on our long term radar for quite some time. Toward the beginning of the year we re-tagged the stock for monitoring and today seems like a good time to focus in more intently on a couple of key points that seem to indicate a possible opportunity ahead.

In addition to a recent property acquisition with potentially exciting implications (PR excerpt below), we’re catching MDCN off of its 52-week low which was just realized on Thursday. Our regular readers are well aware of how fond we are of stocks coming up off of their annual lows. We’ve successfully navigated countless plays in this exact situation, and in many cases have come up with major gains for our efforts.

LAS VEGAS–(BUSINESS WIRE)–Medican Enterprises Inc. (MDCN), a company seeking promising pharmaceutical and other business opportunities in the emerging medical and recreational marijuana sector, announced that it has entered into a purchase agreement to acquire a 7,200 square foot retail and commercial property in Phoenix, Arizona.

The property is currently leased through August 2018 to an Arizona state licensed medical marijuana dispensary. Per the purchase agreement, the lease agreement will be assigned to Medican. >> FULL PR


Extended Watchlist:
CYTR, ISR, AUY, EHTH, SWHC, FRO, IBIO