Blue Horseshoe Stocks: Marijuana Sector Updates & More

Updates on Monday’s Picks
We kicked off another strong week yesterday, with most of the stocks we mentioned in our morning report posting notable gains, and several achieving new highs.

Kandi Technologies, Inc. KNDI

KNDI put up a modest 16% intraday increase, trading from a low of 19.01, and reaching a new high of 22.11. That figure is especially impressive when you consider the fact that we picked up on this play for the first time back in July of last year when it was trading in the low 4.40’s.

From those levels, the stock has risen an impressive 400% in roughly 8 months.

Growlife, Inc. PHOT

PHOT behaved predictably after we inserted it into yesterday’s report on the heels of a morning PR  regarding a joint venture with VAPE.

The stock opened at .625 and continually pushed the envelope all day, closing at its high of day, and a new overall high of .777. That was good for a 24% intraday gain, and from our original alert low of .0318 from August of last year, yesterday’s new high represents an overall move of 2343%

It is a level of increase that we have become accustomed to seeing in the vastly popular marijuana sector.

Triton Distribution Systems, Inc. TTDZ

For those of you who’ve been with us since at least January, you will recall our original alert of TTDZ on the 30th, at which time the stock was trading hands at .0012.

Yesterday, TTDZ became the third play on our list to bull its way to a new high, running from a daily low of a penny, up to .0167. That marked a 67% intraday rip, and an overall appreciation of 1292%

As we just stated, stocks in any way involved in the burgeoning cannabis industry have allowed us to see four-digit gains with some regularity.


Cannabusiness Group, Inc. CBGI

Speaking of such stocks, another pot play that we’ve been tracking recently, CBGI, also had another landmark session on Monday.

As the week kicked off, the stock commenced a bull rush that took it to new highs as well, running in a wide range from .205 in the morning, to .455 by mid-afternoon, a 122% intraday spike.

Of course the new high requires us to once again calculate the total move since we mentioned the stock for the first time on March 3rd. Yet another four-digit romp, coming in at a whopping 1317%


ML Captial Group, Inc. MLCG

MLCG is another cannabis play that we added to our radar on March 7th, that announced this morning, its continued expansion into the sector with an update on the launch-status of its own line of cannabis vaporizing pens.

FOUNTAIN HILLS, AZ–(Marketwired – Mar 18, 2014) – ML Capital Group, Inc. (OTCQB: MLCG) (OTCBB: MLCG) announces its continued expansion in the medical marijuana industry and the extension of its SuperStar brand. >>FULL PR


Magnegas Corporation MNGA

MNGA appeared in yesterday’s Extended Watchlist, and had one heck of a session as well. On more than 18.5X its 3-month average volume, the stock ran from 1.15-1.56, an intraday move 36%

The stock appears to be gapping up this morning (Currently trading in the 1.70’s) possibly en route to further gains.


Extended Watchlist:
CEHC, PIHN, RNA, GURE, ADXS

KNDI, PHOT, BHRT, TTDZ, RAGL & Extended Watchlist

Kandi Technologies, Inc. KNDI

KNDI is up significantly in premarket trading this morning as a result of an earnings release that boasts some vastly increased quarterly and yearly figures for the rising Chinese tech firm. This puts KNDI near the top of our watchlist as we open up a new trading week:

JINHUA, China, March 17, 2014 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the ‘Company’ or ‘Kandi’) (KNDI), today announced its financial results for the fourth quarter and full year ending December 31, 2013.

Fourth Quarter 2013 Highlights

  • Revenues rose 92.0% to $50.6 million from $26.3 million in the fourth quarter of 2012. EV sales increased significantly to $40.0 million, a 193.7% jump from the same period last year. During the quarter, the Company sold 3,568 units of pure electronic vehicles
  • Gross profit increased 152.0% to $11.4 million from $4.5 million in the same period last year
  • GAAP net loss was ($14.7 million) compared to a net income of $2.2 million in the same period of last year, mainly due to increases of non-cash charges, such as change of fair value of financial derivatives, higher income tax, general and administrative expenses, and interest expenses
  • Non-GAAP net income* was $4.6 million, up nearly 259% year-over-year from $1.3 million.>> FULL PR


Growlife, Inc. PHOT

We’re turning our attention to PHOT this morning. This cannabis play that we’ve been tracking since well before January’s “Green Rush” has some news out today that we wanted to share with our readers.

It eludes to a joint venture with another player in the legal marijuana space, Vape Holdings, Inc. (VAPE). As we’ve learned over recent months, it’s prudent to pay close attention when one of these cannabis stocks comes with fresh news. We’ve seen many instances where such PR’s catalyze significant gain opportunities.

WOODLAND HILLS, Calif., March 17, 2014 /PRNewswire/ — GrowLife, Inc. (PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, is pleased to announce a Joint Venture (JV) with Vape Holdings, Inc. (VAPE) to fund the research and development of patentable technology to create pharmaceutical grade extractions from cannabis.

Each Company will bring its specific expertise to the Joint Venture; GrowLife providing Equipment Manufacturing while Vape Holdings provides guidance for the process technology and concentrate formulas. >> FULL PR


Bioheart, Inc. BHRT

BHRT is a stock we wanted to radar this morning, coming off of a press release of its own.

Following a Golden Cross, it recently had a nice run from the .015 area up to to .08 range. It subsequently consolidated and found support at .03, and bounced back up over .04.

We’ll be watching for BHRT to continue to make higher highs and higher lows, on the chance that it could retest previous swing highs at .05, .06, and .08.

SUNRISE, FL–(Marketwired – Mar 17, 2014) – Bioheart, Inc. (OTCQB: BHRT), a biotechnology company focused on the discovery, development and, subject to regulatory approval, commercialization of autologous cell therapies for the treatment of degenerative diseases, announced today that it has entered into a joint venture with Magnum Cell Therapies (http://www.magnumterapiacelular.com/).

Magnum Cell Therapies’ mission is to provide the latest regenerative medicine therapies to patients suffering from degenerative diseases. Magnum’s facilities include a state of the art clinic and laboratory located in Honduras. >> FULL PR

 


Triton Distribution Systems, Inc. TTDZ

We’d also like to talk about the performance of TTDZ following our most recent tag of the stock on Thursday. After seeing a low of .008 that morning, the stock would finish the remainder of the week on a note of strength, running up to a high of .011 just prior to Friday’s closing bell.

That was equal to a solid two-day increase of up to 38%


RA Global Services, Inc. RAGL

RAGL is a momentum play that we want to add to our radar today. The stock traded up Friday on high volume, and boasts an extremely low float. It will be interesting to see if breakout conditions can spill over into this week.

Low-float plays such as this are subject to volatile swings, which can be used to a sharp trader’s advantage.



Extended Watchlist:
MNGA, CDTI, KIPS, GALE, WYY

OSLH, TTDZ, PSID, PLUG & Extended Watchlist

OSL Holdings Corp. OSLH

After putting OSLH on watch Monday morning, we saw the stock run hard, jumping 113% from .089 to .19.

Yesterday brought another chance for traders to score sizable intraday gains. The stock traded in a range from .135-.25, which represents a move of 85%

Currently there’s support sitting at .115 and .135, with resistance at .199 and .25. If it can break past .20 again, we think there’s a good chance of seeing OSLH retest the .25-level.


Positive ID Corp. PSID

We brought PSID back to our reports on February 18th on the heels of a major consolidation, and ended up being very pleased with the timing. We saw a low of .0572, and then, just seven sessions later, a subsequent price of .125. That was good for a 119% rip.

The stock then underwent a general consolidation while fortunately holding above the 200DMA, and after touching a low of .08 yesterday, we were able to witness another run, this time to .1095, tacking on an additional 37% to the total gains we’ve seen off of this stock in just a few weeks.


Triton Distribution, Inc. TTDZ

To refresh your memory on TTDZ, we caught this play at .0012 on January 30th, and would actually see it increase 1000% to .0132 over a period of just over three weeks!

After the consolidation that followed, TTDZ came down to bounce off of support at .0061 at the beginning of this week, and has made a nice turnaround, reaching back up to .0094 shortly before the closing bell yesterday.


Plug Power, Inc. PLUG

After pulling back off of its most recent run-up, PLUG reversed its position and began to climb once again on Wednesday.

We’re on the lookout for the effects of an earnings release out today which reflects “strong fourth quarter product sales and maintenance orders were received from significant customers such as Walmart, Kroger, BMW and Mercedes-Benz.”

We also wanted to let folks know that they can tune into PLUG’s conference call today at 10:00am Eastern to review fourth quarter results. You can listen in by calling 877.407.8291.

The webcast can also be accessed at www.plugpower.com, selecting the conference call link on the home page, or directly at http://www.media-server.com/m/p/ge6327sd.


Extended Watchlist:
APPY, BLDP, OXGN, CBMX, HSOL, RSH

Blue Horseshoe Stocks: Cannabis Stocks & More

Cannabis Stocks

We’re going to kick off this Wednesday morning with a number of pot stocks to discuss. As conditions in the sector continue to normalize after the frenzy that took place early this year, there are still many opportunities that have been presenting themselves, as well as a good many storylines to follow. Here are a few of the plays that have our interest piqued at the moment:

Advanced Cannabis Solutions, Inc. CANN

We’ve been tracking CANN since January 8th (from a low of 6.31), and had been beyond pleased when the stock transformed into a raging beast, hitting 35.88 on Friday. After congratulating our readers on those possible gains of 469% on Monday, we’ve now seen even further strides from CANN. It dipped to 31.45, and ran an additional 46% as of yesterday’s 46-dollar high. From our initial alert, yesterday’s high-of-day represented an overall move of 629% Not too shabby for a time period of less than two months!

Alternative Energy Partners, Inc. AEGY

We began following AEGY closely on January 27th, at which time, we observed a stock at .0036 which would go on to run up to .0119 for a possible gain of 236% just five days later. Since then, AEGY had been gradually consolidating, and reached a low of .0046 on Monday. With the help of an exciting merger PR yesterday, the stock turned around and ran back up to the .0089 level (+93%).

Making things even more interesting, is the fact that the company that intends to merge with AEGY is one that we are familiar with, in SKTO. The resulting entity will surely be a company that we’re going to want to follow closely.

LOS ANGELES, CA, Mar 04, 2014 (Marketwired via COMTEX) — Alternative Energy Partners, Inc. (OTCBB: AEGY) (OTCQB: AEGY), doing business as PharmaJanes(TM), and SK3 Group (OTC Pink: SKTO), doing business as Medical Greens(TM), announce that their respective Boards of Directors have agreed in principle to merge the two companies for better market efficiencies and to create a single medical marijuana market support company which can qualify for a higher (AMEX, NASDAQ) market listing. >> FULL PR

Medican Enterprises, Inc. MDCN

Here’s another medical marijuana play that started to break out yesterday, one that we’re going to want to watch as we cruise through mid-week. Interest stems from a 8K-filing dated 01/21 that outlined an agreement MDCN had formed with two cannabis-related companies that will be assisting MDCN in obtaining licensed-producer status from Health Canada in hopes of entering into the Canadian medical pot business. Never having traded this high, it’s fair to designate MDCN as being in Blue-sky Breakout Mode, so caution should be employed, however, the chance for momentum to carry this stock even higher is certainly present.

ML Capital Group, Inc. MLCG

Per a 02/28 press release MLCG recently announced that it would be expanding their cannabis-related activities when they patented the name “SuperStar Vapor Pens.” In that release, it stated that it had begun an “aggressive sales campaign to launch this new product line during the next two months” and that the company had “already received verbal commitments with two major distributors to carry SuperStar Vapor Pens and sell them on a national level” According to MLCG, we can expect news of the finalization of those purchase orders by next week, so MLCG is one that we’ll be putting on our radar at least until that time.

Triton Distribution Systems, Inc. TTDZ

Another of our recent favorites in the sector, TTDZ, has news out this morning that we wanted to pass along:

WINNETKA, CA, Mar 05, 2014 (Marketwired via COMTEX) — Green Cures Inc. and Triton Distribution Systems, Inc. (OTC Pink: TTDZ) is pleased to announce the acquisition of FutureMarijuana.com and its Online Network Portfolio. The acquisition of this portfolio is of significant value to Green Cures Inc. presently and in future operations.

Green Cures, Inc. management decided to add additional partnerships that will enrich its business resources, including those with licensed agricultural cooperatives in the state of Colorado; as well as, production, marketing and distribution of Cannabidiol (CBD) products labeled “Green Cures”. >> FULL PR


Kandi Technologies, Inc. KNDI

Now to shift gears away from pot stocks, we have yet another success-story to point out. We first came across KNDI last summer when it was trading at a low of 4.41. The stock hasn’t done any backsliding since then, and in fact, has continuously pushed the envelope to present levels ($18-range), which are incidentally 325% higher than that all-time low.

Even the gains from our most recent alert of KNDI (Feb. 10th, low of 13.02) as of yesterday’s 18.75-high are impressive, standing at 44%


Suburban Minerals Corp. SUBB

While we didn’t see a monstrous breakout from SUBB yesterday, the stock did register modest gains, closing up just over 4% on the day, on roughly twice its 3-month average volume. We’re still looking for a break of recent resistance at .19, and will need to see support continue to hold above .165.

As we stated yesterday, if SUBB can break out of this channel, we feel that it could easily run back to test recent highs in the .24-.27 range.


Extended Watchlist:
FCEL, BLDP, DARA, ZBB

Blue Horseshoe Stocks: Pot Sector Updates & Much More

Commenting on Canadian Cannabis

Perhaps some of you may have already seen the stories that have been circulating about the current state of medical marijuana in Canada. This is a very complex issue that we are going to try to briefly break down to brass tacks. Essentially, beginning on the 1st of April, we are looking at the end of Canada’s MMAR (Medical Marijuana Access Regulations program, introduced more than a decade ago to allow Canadians with a need for cannabis to obtain a license to grow their own, or purchase it through one of the many dispensaries now operating across the nation.

The new rules will relegate supply duty to one of Health Canada’s eight commercial growers, or to one of roughly a dozen new growers that the Canadian health organization expects to lisnce when the new program takes effect. The move certainly has its opposition in the medical community and private sector, but barring some major development (such as a ruling by the Supreme Court of B.C., where the government is being sued under the assertion that the new laws are unconstitutional), all growing will fall to just a handful of state-sanctioned operations. What excites us most about the potential behind this development, is the direct involvement of some of the companies that we’ve been successfully tracking for quite some time which have formed a series of strategic partnerships.

Among the expected participants is one of our recent favorites in the sector, Creative Edge Nutrition, Inc (FITX). We’re eagerly awaiting further news regarding the status of its build on a 53,000sq. ft. grow facility in Lakeshore, Ontario, where it will become the largest such facility in all of Canada.

This also implicates another of our top pot performers, GrowLife, Inc. (PHOT) which has joined forces with FITX’s CEN Biotech subsidiary in this venture. The operation is expected to yield over a million pounds of marijuana annually to be distributed, with government approval, to the nearly 40,000 medical marijuana patients in Canada, a consumer-base that is expected to grow exponentially over the next few years.

Also in on the deal is ENDEXX Corp. (EDXC), whose “M3Hub Seed to Sale Tracking Platform” will be implemented to help track and maintain compliance for the facility’s huge crop output.

Other pot stocks we’ve covered stand to gain from Health Canada’s new regulations as well. Many of you will recall the huge gains we’ve already seen from Easton Pharmaceuticals, Inc. EAPH. Earlier this month, we received word that the company formed an alliance with a private B.C-based firm which has obtained government approval for its own grow operation.

All in all, we see the upcoming changes as even more reason why we can’t let the cannabis sector slip off of our radars. The new developments have been rolling in at a rapid rate, something we expect to continue indefinitely. Be sure to stay tuned as we keep you up to date on all of the exciting happenings!


Other Marijuana Related Interests

Fortitude Group, Inc. FRTD – We observed nice intraday activity from FRTD on Friday, as we had for most of the week up to that point. On the strength of a PR outlining the company’s new medical marijuana product “MariMist” designed for cancer patients, the stock made an intraday run of 43% as it spiked from a low of .0181 to touch a new high of .0259. From our initial alert low (Tuesday) at .0081, Friday’s high represents an overall move of 220%

Triton Distribution Systems, Inc. TTDZ – TTDZ has undergone a recent consolidation period after delivering us some sizable gains. Today we see news regarding the absorption of Triton into Green Cures, a story that we’re going to want to follow closely, as it could be just the catalyst we’re looking for to see TTDZ bounce back and potentially afford us a rebound opportunity:

TIBURON, CA–(Marketwired – Mar 3, 2014) – Green Cures, Inc. and Triton Distribution Systems, Inc. (OTC Pink: TTDZ) managements, announced today the conclusion and the closing of the takeover transaction and the full control of Triton by the Green Cures management. >> Full PR

Advanced Cannabis Solutions, Inc. CANN – Our first alert on CANN came on January 8th, at which point we observed a low of 6.31. What we’ve seen since then has been a rousing success-story, as the stock has gone on to hit a new high of 35.88. That’s a monstrous move of 469%, an unbelievable figure considering the price range of this stock.

Also, we have a couple of new marijuana stocks to add to our ever-expanding watchlist:

Cannabusiness Group, Inc. CBGI

Intelligent Living, Inc. ILIV



Central European Media Enterprises Ltd. CETV

We originally caught CETV on a Form-4 scan back in May of last year.  We were excited to see the buyer listed on the form as Time Warner. At the time, the stock was trading at 2.67. By late October, it hit a high of 6.60. After consolidating gradually to find support near our original alert price, prompting us to include it on Friday’s extended watchlist. After dipping to a morning low of 3.30, the stock would run as high as 5.17. marking an intraday move of  57%


Positive ID Corp. PSID

PSID has been responding extremely well since we re-commenced coverage on the stock on February 18th. At the time we observed a low of .0572. On Thursday, after several consecutive sessions of positive movement, the stock reached a high of .125, good for an overall move of 119%

We prepared a video of the PSID chart, pointing out current levels of support and resistance:


Extended Watchlist:
TVIX, DNDN, ARRY, NIHD, EGO, IAG, FNMA, FMCC

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