Tag: STLK

GRNH, CBIS, ERBB & Today’s Extended Watchlist

GreenGro Technologies, Inc. GRNH

We’ve often used the old term “If it ain’t broke, don’t fix it” around here, and it certainly seems to apply to our medical marijuana plays. We continue to see these high-flyers churning out sizable gains, time and again.

Friday was another monumental session for our watchlist with both GRNH, and CBIS trading record volume. With that surge in trading, came breakouts for both stocks.

GRNH was up another 183% on Friday, closing at .085. This represents a 554% gain from the low of .013 back when we first issued our med. marijuana report (Oct. 16).

While not the first gains we’ve seen from GRNH, Friday’s were the largest we’ve seen to this point, and on more than 10X its average volume.

Barchart.com is currently giving GRNH a “100% Buy” Rating.

We don’t think it is very likely to see a big pullback following that type of momentum, however, in the event of a consolidation, we’d like to see support hold in the .05-.06 range.

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Cannabis Science, Inc. CBIS

As stated above, CBIS had record volume day on Friday. The video chart we put out that morning pointed to the fact that we wanted to see a break past the 200DMA of .07, and it happened that very same afternoon.

The stock went on to hit a high of .10, and closed out strong at .09. Being as low as .04 following our Oct 16th report, the gains at Friday’s high represent a 150% move.

Like GRNH, the momentum on CBIS was off the charts on Friday, therefore we anticipate some carry-over into today’s session.

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Tranzbyte Corp ERBB

ERBB is one of the few cannabis-related stocks that is trading sub-penny. On Friday, the stock closed at a major resistance point of .004 (200DMA).

The stock has bumped its head against that point on quite a few occasions this year. Each time, it has been unsuccessful at getting over that obstacle.

Passing the 200DMA would be a major push in the right direction for ERBB, and would open the door for its next leg up. We’ll be continuing to monitor the stock for just such an eventuality.

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Extended Watchlist:

STLK, CGRA, ACGX, LUNL, CELGZ, INO,

Cannabis Science, Inc. | CBIS | This Morning’s Focus

Cannabis Science, Inc. CBIS

We’ve stuck with CBIS for quite some time now, well before our medical marijuana round-up report on October 16th. Since we first began following, there have been several opportunities to profit off of this play.

Based on the volume and momentum that have been picking up over the past few trading sessions, it would be no surprise to see this thing run even higher. From last week’s low of .045, to yesterday’s high of .073, marks a 62% gain, testing a new high since the month of June.

We’re well aware of the monumental gains that CBIS can bring to the table. From late last year to March, the stock traded in a range from .009-.245.

We have also provided a video presentation of the CBIS chart for your viewing convenience:

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Extended Watchlist:
STLK, CGRA, ACGX, FRZT, SLGX, CYCA

ACGX | Alliance Creative Group, Inc | This Morning’s Focus

Alliance Creative Group, Inc. ACGX

We first began coverage of ACGX back on November 1st, and on that same day, we saw a low of .01, before the stock surged to .0179 prior to a .0145 close.

Since that time it has been bouncing around between a penny and .0175, as it seems flippers are having a grand old time buying near a penny, and flipping out for quick gains of up to 50-75% and as a result the stock is trading in a fairly tight channel. The 100DMA of .0178 is the key resistance at the top of said channel, while the 20DMA of .0119 seems to be the support level.

Once these flippers are churned out, and the resistance is broken, we think ACGX has a good chance of breaking out and perhaps seeing even a triple-digit gain.

The positive news released this morning is very encouraging, alluding to easier times ahead with regard to the interest owed on the company’s debt. The change in banks will allow for more financial freedom for ACGX, which in turn could translate to added value on the stock.

 


Alliance Creative Group (ACGX) Agreed to Amendment and Extension with Largest Debt Holder


Company Also Changes Banking Relationship to Increase Credit Line while Reducing Interest Rate

CHICAGO, Nov. 8, 2012 /PRNewswire via COMTEX/ — Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol: ACGX.pk) is pleased to announce that it has come to terms with its largest debt holder, Golden State Equity Investors, Inc. The parties have amended the terms of the convertible debenture and warrant agreement to settle on all old interest payments, reduce the future interest rate and extend the agreement for 5 years to 2017.

As of October 30, 2012 the Balance on the Prior Advance was $243,123 and the balance on the debenture was $141,812. The old interest rate on the debenture was 7.75%, the new rate will be 3.75%. Upon the exercise of its conversion rights under the debenture Golden State can convert to common shares at a rate of 80% of the past 3 day trading average price. Additionally, as long as the company is not in default of this agreement by June 30, 2013 the judgment against the former CEO, Paul Sorkin, will be deemed to be satisfied in full.

The Company has also changed banks from Centrust, a small local bank, to RBS Citizens, a very large international bank. The change was to help consolidate liabilities while reducing the interest rate significantly and increasing its lending limits.

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Extended Watchlist:

STLK, CGRA, PTN, MTSL, VIZS