Author: BHS

CBIS, OLIE, BGMD & Extended Watchlist

Cannabis Science Inc.  CBIS

CBIS is among the medical marijuana cast of characters that we’ve been following for a very long time. We began tracking this play almost two years ago, and have certainly seen a fair bit of dips and rips during that time. Freshest in our minds would be our alerts from this past February, at which point we witnessed huge gains as CBIS rose from the .04-range all way up to .1195.

We decided that now was as good a time as any to re-alert this play, as we’ve noticed it coming off of its 52-week low at .0299. At this time of year, it’s common to see stocks being subjected to tax-loss selling. We want to be on our guard as this period winds down, when selling pressure is likely to be alleviated. Stocks like CBIS stand to gain ground when that happens, as we head into 2014.

Olie, Inc. OLIE

OLIE turned out to be a well-timed call for us from yesterday. The stock may have ended the session in the red, but not before running from .0082 all the way up to a high of .02! That was good for an intraday mega-move of 147% on almost ten times the 3mo. average volume.

As we said, there was a significant pullback into the close at .0097, and with the kind of volatility we’re seeing out of OLIE, we definitely want to pay attention heading into week’s end. Further opportunities could certainly present themselves.

BG Medicine, Inc. BGMD

We had BGMD in yesterday’s extended watchlist, as we were tracking its pullback off of a recent spike. We did in fact get the bounce that we were looking for; following its morning low of .87, the stock would go on to hit a high of 1.05. A strong close at 1.04 suggests that momentum could carry over, and indeed we are seeing the stock gapping up in pre-market trading today.

Extended Watchlist:
ALIM, PERI, PSDV, OXBT, CDTI, TSEM, GILT

ENIP, OLIE & Extended Watchlist

Endeavor IP, Inc.  ENIP

ENIP comes to us this morning as a stock that has been enjoying a nice run of momentum over the past few sessions, which set off our abnormal activity scanner yesterday. The stock traded up on just over 5.5x its 3mo. average volume.

Indicators on the chart seem to point to the possibility of a continued uptrend. As you can see, the RSI is rising sharply as it is just about to break through the 50-line, and there is an impending MACD cross that appears inevitable.

We’d like to see .65 hold as support to remain interested in ENIP, and the main area of resistance currently sits at the 50DMA of .84.

Olie, Inc. OLIE

OLIE is another runner that caught our eye yesterday, as it traded 12x its 3mo. average volume in the process of trading in a massive daily range from from its low of .0029, to the subsequent high at .0144. An intraday move of 397%

This monstrous run was no doubt sparked by yesterday announcement that the company had completed the assignment of a 10-year, $20M Medium Term Note(Click for Definition),  and they’ve released another PR this morning regarding the signing of a $250K business services contract with Laredo Resources Corp (LRDR). With all of the activity going on with OLIE, we’ll definitely want to keep an eye on it as we cruise through mid-week.

High flyers like this one, generally tend to pull back and provide significant bounce opportunities, which is also something we will be watching out for.

VANCOUVER, British Columbia, Dec 18, 2013 (GLOBE NEWSWIRE via COMTEX) — Olie Inc. (OTCQB:OLIE) (Olie) President, Robert Gardner, is pleased to announce that Olie has received a contract of $250,000 in Convertible Preferred Securities from Laredo Resources Corp. Laredo Resources Corp is trading on the OTCQB Markets under the symbol (OTCQB:LRDR). The agreement with Laredo Resources Corporation is for one year and is specifically to help Laredo Resources Corp become an Exchange Listed Company on the NYSE Alter Next.

Extended Watchlist:
SYNM, ICLD, MACK, BCRX, BGMD, EONC, NRZ

DEJ, PHOT & Extended Watchlist

Dejour Energy, Inc.  DEJ

We’re taking a look at DEJ this morning, an oil & gas play that is coming off of a recent bottom. Indicators on the chart seem to be ripening, so we wanted to put DEJ on everyone’s radar. As you can see, the RSI is coming off of being oversold, while the MACD is in the process of a bullish cross, with the blue bars on the histogram also flipping up to the bullish side.

Yesterday the company announced its entry into a letter of intent on a deal that will partner it with a privately-held energy company out of Singapore, and bring in a substantial amount of capital in the process:

VANCOUVER, British Columbia–(BUSINESS WIRE)-Dejour Energy Inc. (TSX:DEJ) (NYSE MKT:DEJ), an independent oil and natural gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announces that it has signed a Letter of Intent to create a strategic joint venture partnership with a private Singapore based energy company (‘SECO’) to develop the company’s Colorado oil and gas assets.

Upon completion of due diligence, legal documentation and requisite approvals expected prior to January 31, 2014, SECO will invest an initial sum of up to $27.5mm in 2014 and 2015 to earn an 85% share in Dejour’s interests in its Colorado properties  >> FULL PR

Growlife, Inc. PHOT

Many of you know, we’ve been pounding the table on PHOT and the marijuana industry as a whole for well over a year now. Beginning back in August, we started to ramp up our coverage of this stock. At the time PHOT was trading as low as .0299, and has continued to push the envelope ever since, bringing us up to the present where PHOT is now officially in Blue Sky Breakout mode.

The stock has reached lofty highs culminating in yesterday’s run up to .14, which represents an astonishing 368% increase off of the low we just mentioned, in just a few months’ time.

As is the case with any runner that’s streaking into the Blue Sky, we want to be cautious of a potential reversal. In the event of  pullback, we’d like to see support hold at the previous resistance level of .1045.

Important Industry Side Note: Not only have there been recent talks within the NY State legislature about plans for a bill that would legalize the drug in New York as it has been in Washington and Colorado, but Uruguay also recently became the first country in the world to effect nationwide legalization and regulation of growth, sales, and trade. The idea that marijuana prohibition is both ineffective and harmful on many levels is finally beginning to gain real headway in the mainstream.

12/16 – Newsweek Article: GrowLife Wants to Be Legal Weed’s Financier

Extended Watchlist:
FTR, KFN, BIOD, ATHX, VRNG, CREG