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As we embark on another week of trading action, we need to first post an update on the continued success of one of our recent picks, FRTD.
We brought our readers a prime opportunity with this cannabis play when we put it on our radar the morning of February 25th. That day, the stock would see a low of .0081 and it has been one heck of a ride ever since.
This is one marijuana-related stock that has actual substance, affirmed by a recent distribution agreement the company struck with herb vaporizer manufacturer ‘VaporVites’, that could see Fortitude processing orders from up to 80 Colorado marijuana dispensaries within the next quarter.
That mid-week news helped fan the flames that would push FRTD to a new high on Friday, as it touched .0784. That marked a whopping 868% from the low we observed roughly five weeks ago.
Triton Distribution Systems, Inc. TTDZ
TTDZ is yet another pot stock that we put on watch when it was trading sub-penny, and as a result of the investment community’s rising level of interest in everything cannabis, has burst through the penny barrier to achieve impressive new highs.
From a low of .0012 on 01/30, we’ve tracked TTDZ all the way to it’s new four-cent high on Friday; an overall increase of 3233% TTDZ has become a prime example of our continued interest in the sector.
While it’s true that the fevered hype that we saw at the beginning of 2014 surrounding the marijuana sector has normalized quite a bit, it is still one of the most high-potential market spaces. We are only just witnessing the beginnings of extreme change in this arena. It has already spread far beyond Colorado, with the Obama administration gradually softening its position on pot.
Atty. General Eric Holder, at a recent appropriations committee hearing, even said: “We’d be more than glad to work with Congress if there is a desire to look at and reexamine how the drug is scheduled”
We’ve already reaped vast rewards off of this fledgling space, with total gains numbering in the tens of thousands over the past few months, and we don’t predict an end to it any time soon, so be sure to stay with us!
Hemp, Inc. HEMP
HEMP, another of our favorite cannabis plays (Followed it from subpenny up to .34 earlier this year) came with dividend news this morning that we wanted to pass along:
- Hemp, Inc. Announces Dividend Distribution to Shareholders (Mon 9:00AM EDT)
Options Trading Side Note:
We’ve been tracking PBR heavily for the options trading chances it has provided us. Currently we’re radaring the May $12 Calls and the June $14 calls for longer-term trades, and are sticking with the $13 and $13.50 weekly calls for more rapid flip opportunities.
Extended Watchlist:
GCVRZ, UBIC, NTE, ISR