Medical Marijuana Round-Up: Part Two

Medical Marijuana Round-Up: Part Two

After the success of many of the stocks included with our first focus on medical marjuana plays back on October 16th, we thought we’d revisit this currently hot market sector. Our report yielded cumulative gains of 885% as we are about to outline in today’s follow-up. With the presidential elections drawing near, the hemp and medical marijuana industries have become more of a focal point than in the past, partly as a result of the question of legalization being at issue in several states. In addition, more and more investors are realizing that the road is indeed headed toward positive future growth for related industries.____

Medical Marijuana, Inc. MJNA

MJNA is one of the med. marijuana plays that has treated us unbelievably well since we first began monitoring its activity in early August. As you can see on the three month chart below, the overall trend has been a steady increase to the tune of more than 400% profit!

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Hemp, Inc. HEMP

Since October 16th, HEMP was as low as .027, and subsequently hit a high of .09. Another big winner that provided us with some sweet gains, in this case, on the order of 233%

Now that the stock is consolidating off of that epic run, we are watching closely for any potential bounce-play opportunities.

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GreenGro Technologies, Inc. GRNH

GRNH made its own run following the report on the 16th from .013 to a high of .045. Another whopping gain which equates to 246%, rounding out a trio of absolutely huge gainers afforded us by our first medical marijuana round-up report.

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Cannabis Science, Inc. CBIS

We mentioned the plays from the round-up report that had some real success, and while CBIS did not appear in that particular report, we have been watching and talking about it for quite some time. After having observed a low of .0305 in late August, we watched it proceed to bounce around nicely, making higher highs and lows on it’s way up to a key level of resistance at .0573 that it has been testing of late.

We’re really looking at this stock for any opportunities that may present themselves, as it recently broke through both its 20 and 100DMA’s. We’d like to see it hold above those levels.

The RSI is beginning to rise, pointing North toward the powerzone, while the Slow STO and PPO have both crossed, and are diverging. In addition we can see that the blue bars on the histogram have flipped up to the bullish side, so as it would seem, many indicators are suggesting that we keep CBIS on watch.

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Even More Med. Marijuana Stocks to Watch: CLMP, ERBB, MWIP

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Extended Watchlist:
STLK, AZFL, CGRA, EGCT

AAPL, MDHI & Extended Watchlist

Apple Inc.  AAPL

Apple options continue to be a lucrative venture for us. The October 20th $650 Calls that we pointed out last week did a bang-up job, yesterday running from 1.06 to 6.81 before closing at 6.15.  We also mentioned how the stock likes to bounce off of the 100DMA. As the week comes to a close those options are going to expire, however as yesterday’s 500% rip showed us, the remainder of this week could provide added opportunity. After Friday we will be turning our attention to the Nov. 17th $650 Calls.

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Medical Alarm Concepts Holding, Inc. MDHI

MDHI experienced a minor pullback yesterday, dipping to .0035, then rebounding to close at .0042, which did make for a possible 20% intraday gain. We are looking for support to hold at .0035 moving forward. There was also a bit of positive press that hit the wires this morning that we’ve highlighted below.


Fall Promotion Results in Blow Out Sales — Expect to Sell Out of Inventory — More MediPendant Product on Order from Factory
KING OF PRUSSIA, Pa., Oct 16, 2012 (eTeligis.com via COMTEX) Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK) today announced it has kicked off its fall retail Internet sales promotion programs, which are resulting in extremely strong incremental sales. In order to meet this very strong demand, the company is in the process of hiring additional staff and acquiring additional MediPendant inventory via the acceleration of factory deliveries.

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ADDED NOTE: We’d also like to congratulate anyone that capitalized on yesterday’s medical marijuana round-up report. HEMP earned us a spot on the Penny Stock Rumble top gainers list for its 39% intraday run from .027-.0374.

(We also still want to keep the rest of the plays we mentioned on watch: GRNH, RFMK, MWIP MJNA, CBIS)

____Extended Watchlist:
KNSC, EGCT, PPHM, FRO, STEM, BCOM,

Today’s Focus: Medical Marijuana Stocks

Today, we are focusing on medical-marijuana related plays, as these high-flyers are really generating a buzzright now! Below is a listing of marijuana related stocks that we will be observing today. Upcoming ballot votes next month in Colorado, Washington, and Oregon to legalize marijuana have investors diverting their attention toward these related stocks. It is for that reason that we are poking our noses into it, making sure that we don’t miss out on any prime opportunities for gain.____

GreenGro Technologies, Inc. GRNH

Hemp, Inc. HEMP

Rapid Fire Marketing, Inc. RFMK

MediSwipe, Inc. MWIP

Medical Marijuana, Inc. MJNA

This is one that we’ve been tracking for quite awhile, so many of you will be familiar with MJNA. Yesterday the stock hit a high of .0755, after having been as low as .032 since we’ve been following. A gain of 136% was possible there.____

ADDED NOTE: We are going to be gearing up to introduce some brand new and exciting plays later this week, so be sure not to miss any of our publications.

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Extended Watchlist:

RENU, CFGX, EGCT, CGUD, BRND, NOOF, THLD, LXRX