Yesterday brought more new highs as the $12 Calls closed at a new high of 1.10, a 255% gain from our initial alert low. Since there is plenty of time before their expiration, we will stay interested in these contracts, with the continued recovery of PBR’s share price.
For some intraday opportunities we may consider moving up our strike price, and checking out the $12.50, or even the $13 Weekly Calls. In the event of another breakout-type session, we could possibly go as high as the $13.50’s. It’s always about being pushed in the money when we’re looking at our potential strike prices.
Surna, Inc. SRNA
SRNA is a stock to recently wake up from the dead, and like so many other new interests we’ve found, has been gaining ground on the strength of its entry into the increasingly trendy marijuana space.
That alone would have been cause to keep an eye on this stock moving forward. Another reason SRNA has garnered a spot on our watchlist, is that per this morning’s PR, it’s now headed up by Zynga co-founder Tom Bollich. It will be interesting to see what someone of his expertise can bring to the rapidly burgeoning cannabis market.
Today’s News:
BOULDER, CO–(Marketwired – Mar 28, 2014) – Surna Inc. (OTCQB: SRNA), a company focused on the acquisition of cannabis industry related intellectual property, disruptive technologies, assets and scalable operating companies, today announced it has closed a merger with Safari Resource Group, Inc.
In conjunction with the transaction, Tom Bollich, visionary technologist and co-founder of San Francisco-based gaming company Zynga, has joined Surna as chief executive officer and a member of the Board of Directors. Additionally, the Company has appointed two other senior executives, Doug McKinnon and Tae Darnell, to its Board. >> FULL PR
Tranzbyte Corp. ERBBAlthough it has been on our radar since 2012, we began talking about ERBB more heavily at the start of the “Green Rush”, which coincided with the beginning of trading in 2014.
At the time, we observed a low of .0026, and to say the stock has gone on to make massive gains is quite an understatement. As of its recent high of .113, we were looking at an overall move of 4246% In a span of roughly three months, that is an unbelievable gain opportunity.
ERBB has been under consolidation since hitting that high, and is sniffing out a bottom, currently in the low .06-range, but we’ll want to keep an eye peeled after this morning’s PR, the company having set the launch date of its cannabis-vending solution, the ZaZZZ(TM) Machine.
- Tranzbyte’s American Green Division to Unveil Its ZaZZZ(TM) Machine on April 12th in Avon, Colorado (Fri 8:15AM EDT)
Extended Watchlist:
BBRY, IDRA, MNKD, ICLD, BLIN, MERC
