Tag: MHR

Blue Horseshoe Stocks: RSH Coming Off 52-Week Lows

Radio Shack Corp. RSH

The last time RSH appeared in one of our reports was back in mid-May, and we’ve passively monitored the stock’s gradual consolidation over the few months since. On Tuesday, it registered an annual low of .55, and in each of the proceeding sessions, has maintained higher lows as the stock hints at a rebound.

Where a week ago we were looking at a steadily declining chart, we now appear to have one with several indicators turning in a favorable direction, and the price action is responding in kind.

What we want to see now, is a break of the 20DMA of .74 to really confirm that the stock is in recovery mode. We always like running across stocks coming off their 52-week lows, so we’re going to be monitoring the stock more heavily in coming sessions. The included snapshot below illustrates the indications of a ripening chart:

Med-Cannabis Pharma, Inc. MCPI

MCPI began to pull back yesterday after providing us with a good opportunity for gains this week. When all was said and done, we saw an overall increase of 55% from .355-.55, which is quite a respectable move.

In instances such as these, when profit-taking from a rapid move up creates a dip, we like to wait in the wings observing for a low point where we might collect cheap shares to ride into the next upswing.

We also want to keep an eye out for further updates on the three retail marijuana stores the company is setting up in the towns of Port Townsend, Port Hadlock, and Hood Canal, Washington.

Extended Watchlist:
JCP, MHR, VGL, DEJ, SPPI

Blue Horseshoe Stocks: REVO, DEWM & Extended Watchlist

Revolutionary Concepts, Inc. REVO

We placed REVO on watch back on February 6th following news of a share reduction, and at the time, the stock was trading at .0022. We are very pleased to report that yesterday, just six sessions later, the stock ran to a new high of .0297. That’s a mega-spike of 1250% in just over a week, and one of a host of quadruple-digit gainers that we’ve passed along to our readers thus far in 2014.

The momentum in this stock is enticing, so we’re certainly going to be open to the possibility of carryover through to next week. At the same time, we’ve seen these scenarios take a different route enough times to remain skeptical. Most of the time, these huge gainers will undergo a consolidation period, which is when we give it our full attention, because a properly-timed bottom can lead to serious gains on the bounce.

We prepared a video of the REVO chart that you can view by clicking below:

Dewmar International, Inc. DEWM

DEWM has been extremely kind to us in the short time since we first mentioned it on Monday (low of .0036), at which time it served us up roughly 45% in cumulative intraday gains. On Tuesday, we were afforded the chance at a 66% intraday gain as the stock ran from .0051 to .0085. At that point we had seen DEWM trade up 136% from our initial alert low.

Yesterday DEWM continued to push the envelope in a big way, reaching all the way up to .021, an astounding 483% move above Monday’s low!

Despite already having other products currently for sale in Walmart stores (as we mentioned on Monday), news out yesterday shows that the company is also serious about moving into the cannabis sector:

HOUSTON, TX, Feb 13, 2014 (Marketwired via COMTEX) — Dewmar International BMC, Inc. (OTCQB: DEWM) (OTCBB: DEWM) (“Dewmar” or “Company”) today announced that it has entered into a one year distribution agreement with C+SWISS, the original and first hemp-based ice tea ever distributed in the United States. The agreement gives Dewmar the exclusive right to distribute the hemp-based ice tea nationwide to one of the world’s largest retailers. The distribution agreement, effective immediately, continues Dewmar’s recently announced initiatives to become one of the most successful licensees and creators of hemp-based products in the United States.

www.DewmarInternational.com

Extended Watchlist:
CYBK, LIVE, NEWL, LCAV, SYMX, MHR