Before we close out this 3-and-a-half day week, we’d like to take this opportunity to say, we hope everyone enjoyed the Thanksgiving holiday! We’re thankful for having such a great audience of faithful readers! You folks are the reason we get out of bed each day to provide our best insights and ideas on stocks, funds, and options! Cheers to you and yours!
Omni Health, Inc. OMHE
We included OMHE as a part of our extended watchlist on Wednesday morning, and the stock followed that up with a respectable performance on the day, despite a very quiet session, as is to be expected just preceding a holiday.
OMHE traded in a range from a low of .026 to a subsequent high of .038, which worked out to an intraday gain of 46% and it came on relatively heavy volume to the tune of nearly six times the monthly average.
Our timing in mentioning this play for the first time ever on Wednesday, was as good as can be, as the stock surged to a new annual high on the day. For these reasons, we’ll be sure to leave this play on our radar in sessions to come.
In an added note, Omni Health is actually a spinoff of a cannabis stock that we have mentioned in the past- MCIG.
Speaking of cannabis plays, we’ve continued to track the sector on the heels of this month’s elections, as was our intent. On the whole, activity has been more subdued than expected due to a number of other hot-button areas that have enjoyed good performance, such as the shipping sector boom that we took advantage of a couple of weeks ago.
That being said, we are still as interested as ever in the marijuana space, and many of the plays we’ve been monitoring in that area put up solid numbers just prior to the holiday hiatus, so we just want to provide a quick update on the kind of intraday gains that were made possible:
Medical Marijuana, Inc. MJNA – Range: .083-.115 – Max Gain: 59%
Marijuana Co. of America, Inc. MCOA – Range: .0251-.0575 – Max Gain: 129%
American Cannabis Co. Inc. AMMJ – Range: .461-.8689 – Max Gain: 88%
Vape Holdings, Inc. VAPE – Range: .0058-.0115 – Max Gain: 98%
As always, we’ll remind everyone to keep a general watch over any and all pot plays, as you see the level of opportunity that the sector continues to bring to the table.
UHLN, LEXG, CRVW, BCCI, BABL, KGKG