Blue Horseshoe Stocks: Pot Stocks Still Trending

Perhaps some of you were wondering why we went out of our way to re-affirm our interest in pot stocks yesterday. Our latest favorite sector provided a quick answer to that, as the uptrends continued for most of these plays. Once again we remind our readers that this up-and-coming market sector is bound to be one of the biggest stories of the year, and so far there’s no end in sight.

Alternative Energy Partners, Inc. AEGY

Our coverage of this medical marijuana stock in yesterday’s newsletter came just in the nick of time. The stock had been heating up in the previous session and did not disappoint, touching a low of .0036 before surging to a high of .0065. That marks an intraday gain of 81% on almost a billion shares traded (Roughly 9x the 3mo. average), and was a strong enough performance to land us atop the Penny Stock Rumble, an honor we’re no strangers to receiving:

The stock looks like it wants to gap up again this morning, so we;ll be watching AEGY diligently today.

Other Winning Cannabis Calls

Along with our reminder to continue paying attention to all marijuana-related stocks yesterday, we included a list of several of the more notable candidates, and of that list most of them saw substantial gains.

EAPH –  Daily Range: .0165-.0243 –  Max Gain: 47%

CBIS – Daily Range: .146-.26 – Max Gain: 78%

MJNA – Daily Range: .3151-.40 – Max Gain: 27%

HEMP – Daily Range: .059-.071 –  Max Gain: 20%

SKTO – Daily Range: .024-.0349 – Max Gain: 45%

ERBB – Daily Range: .012-.0147- Max Gain: 23%

TRTC – Daily Range: .385-.485 – Max Gain: 26%

Those are just a few of the opportunities that were available, as you can see from the following scan of yesterday’s most active OTC stocks. The vast majority were marijuana-related, as the “Green Rush” saw new life breathed into it once again:

Central Wireless, Inc. CWIR

To add a new cannabis play to our spectrum this morning, we are looking at CWIR. We noticed that this stock has been running over the past couple of sessions on greatly increased volume, and is going to be one that we want to follow closely.

Extended Watchlist:
AKS, ARIA, CTIC, CAMT, ADMP, TXMD,

ERBB, AEGY, BDSI & Extended Watchlist

Tranzbyte Corp. ERBB
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We highlighted ERBB on Friday and the stock came out swinging, continuing the momentum that was building in the previous session.It came out of the gate strong, running quickly from a low of .0119 up as high as .0154. That marks a respectable intraday move of 29%As the stock pulls back off of that run, we’d like to see support hold over a penny, and will be monitoring the situation for any possible bounce opportunities.

Alternative Energy Partners, Inc. AEGY

We’ve had AEGY on our radar since last spring, and after a serious increase in recent trading activity, we wanted to bring it back into the conversation. The stock has been in full-on breakout mode for the past couple of sessions, and appears to want to gap up even further this morning.  What we are going to want to do is watch carefully for any possible dip-and-rip opportunities. Stocks that gain so much ground over so short a time-frame are susceptible to high volatility and sudden pullbacks, and are often followed by what can be very lucrative bounceplays for quick-witted traders.

This is another of the medical marijuana related stocks that we’ve been tracking for a long while. AEGY, in particular, operates pharmajanes.com an online dispensary for California residents, but the list of companies that we’ve tracked cover every part of the sector, from medical to legal cannabis, to growing apparatus, and more.

To list a few of the standouts we’ve tracked over an extended time: EAPH, FITX, CBIS, HEMP, PHOT, MJNA, SKTO, TRTC, EDXC, MWIPD, EXMT, CANN, MDBX, GWPH and that’s only a partial list. Cannabis has been allowing a lot of people to cash in via the stock market, and we expect the opportunities to keep coming.

BioDelivery Sciences International, Inc. BDSI
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BDSI appeared in Friday’s Extended Watchlist and made a notable 16% intraday move, trading from a low of 8.18 to 9.49 on almost 15M shares traded. The spike in price and volume comes on the heels of Thursday’s PR regarding positive testing results for the pain medication the company has under development:
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Extended Watchlist:
REVI, RITT, NWBO, MM, ALU, CLSN, HIHO, RNN

ERBB, FITX, PROW, REVI & Extended Watchlist

Tranzbyte Corp. ERBB
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Turning our focus back to cannabis stocks yesterday proved to be a good decision, as more than a couple of them put up great performances on the day. Among those most impressive was ERBB, a stock that we’ve had on our radar for well over a year now.

During the ‘Green Rush’ that took place the first week of this year, we saw the stock shoot from the .002-range up to .0146. Upon pulling back, it found support and bounced from .0056, and made its way back as high as .011. It would pull back one more time, to .0063, before hitting a high of .0118 yesterday on extremely high volume. It’s safe to say that ERBB has brought us a host of huge gain opportunities in just the past few weeks.

We want to continue to keep an eye on ERBB. To find out why, take a look at the following video chart we’ve prepared:

Yesterday’s News:

Creative Edge Nutrition, Inc. FITX

FITX continued to breakout following yesterday’s report, trading immense volume (350M shares) to the tune of roughly 5X its 3mo. average, and hitting a high of .0648.

We ran across an interesting article regarding federal regulations for banks who wish to lend to marijuana-related companies. Attorney General Eric Holder announced that the fed intends to make it easier for banks to deal with these companies in the past. That means companies like FITX and many of the others we’ve talked about should be able to open up avenues toward better funding. >>>READ ARTICLE

Progress Watch Corp. PROW

Our recent favorite, PROW, continued to provide ample opportunities yesterday as it opened up trading as low as .0315, before touching a daily high of .079, a 151% intraday spike. From the low following our initial alert (.0067) on December 20th, PROW had seen a monumental increase of 1080% at yesterday’s high.

Resource Ventures, Inc. REVI

Yesterday, REVI touched a new high since we’ve been following it, at .011. That marks an overall gain of up to 49% since our initial report on Tuesday. It traded better-than-average volume, and maintained the support we were looking to see held at .0085.

We’re still waiting for the potential upcoming Golden Cross that appears to be forming on the REVI chart.

Options Trading Idea: TSLA $175 and $180 Weekly Calls for possible daytrading opportunity.

Extended Watchlist:
LUNA, KOOL, BDSI, ADMP

Blue Horseshoe: Pot Stocks Update & More

Pot Stocks Update
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Even as we’ve had other things occupying our main focus, we’ve stated continuously that traders should keep the cannabis sector on close watch. Following the complete hysteria over the industry which reached its peak shortly after we rung in the new year, we’ve seen just what we expected; consolidations leading to bounces that in many cases have been good for gains approaching those achieved by the New Year’s rush. So let’s take a look at some of the more notable performers from our long-standing watchlist. These represent just a few of the opportunities that marijuana related stocks have continued to bring us. We are not done with this sector by any means, and feel strongly that it will yield more and more gains as time goes on.

ENDEXX Corp. EDXC

We’ve had EDXC on our radar for a very long time, and it is one that didn’t lose much ground at all after pulling back off of its initial surge. Beginning at less than seven cents, 2014 has seen the stock continue to bull its way upward, touching .235 yesterday. It’s certainly a far cry from when we first came upon the stock last year, back when it was trading at roughly .015.

Cannabis Science, Inc. CBIS

CBIS has made quite an impressive bounce after consolidating off of its big run, finding support at .075; from there, it launched itself back upward for a sizable move to yesterday’s high of .1255. That marks a three-session move of 67%

Creative Edge Nutrition, Inc. FITX

The last time we looked in on FITX was on January 14th, at which time the stock was searching for support, and found it at .0174 the following day. It didn’t take long for the stock to produce yet another huge run, touching .045 during yesterday’s session. It broke above an area of previous resistance at .031, so on the next downswing, we’ll be looking for FITX to hold that level as support.

We’ve already pointed out how powerful a signal the Golden Cross can be, and FITX is yet another prime example of this. That’s why we’ve been keeping such a keen eye on our next play, because it too has a Golden Cross in the making.

Resource Ventures, Inc. REVI

REVI held its ground very well yesterday, after our bounce-call on Tuesday took it from .0074-.0105. It registered a higher low at .0085, and managed to close out the day in the green at .009. We’d like to see REVI continue to hold support in the .0075-.0085 as it works toward its Golden Cross, which if the current trend holds, could potentially occur within the next week or two.


ARIAD Pharmaceuticals, Inc. ARIA & Hemishperix BioPharma, Inc. HEB

We’ve been tracking both of these pharma plays for awhile, which are worthy of mentioning this morning:

ARIA

We mentioned ARIA back in October when it was trading around its 52-week low at 2.15. In Mid-December, it began a run which yesterday resulted in a high of 6.75. This morning the stock is gapping up into the 7.30-range.

ARIA has been the subject of potential buyout rumors originating in the UK, with names like GlaxxoSmithKline being tossed around. While this remains speculation at this time, the ramifications of a buyout would be huge, so this is a story we’ll continue to follow.

HEB

In the case of HEB, we’ve tracked this play since December, where it found a bottom in the low .20’s, and has performed exceptionally well into the new year. Yesterday the stock hit a high of .4978.

Extended Watchlist:
PSTI, INO, CVM, CBMX

PROW, REVI & Extended Watchlist

Progress Watch Corp. PROW
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We first introduced PROW to our reports on December 20th, when it was trading at a low of .0065. At that time, we pointed out the likelihood of a Golden Cross, and witnessed one just a couple weeks later. That signaled what would turn out to be an astonishingly impressive week-long breakout to a high of .0488, a rise of 650% from our initial alert price. Quite a move, considering it only took a little over three weeks to transpire.

PROW, is also extremely relevant to yesterday’s report on REVI, because it illustrates the potential power of the elusive Golden Cross chart formation.


Resource Ventures, Inc. REVI

We were pleased with the quick-strike opportunity our alert on REVI offered us yesterday. After opening at its low of day (.0074) the stock surged to a subsequent high of .0105, affording sharp traders the chance at gains of up to 42% After receding from that initial push, the stock found support at .008, bouncing back to .009 before closing at .0087, up 17.5% on the day and trading over 30% more volume than its 3mo. average.

We consider that an extremely solid performance from a stock being mentioned in our reports for the first time, and our call of the possible bounce from the .0074-level couldn’t have been timed any better.

We’re not done following this play, however, as it appears this company is doing everything in its power to improve its process and ensure its positioning for positive growth in the future. We’ll leave the recent press highlights we outlined in yesterday’s special report intact below for anyone who might have missed it; we’re looking forward to seeing how the company follows through with everything it currently has in the works. We also have the impending Golden Cross angle to follow, as we mentioned above; REVI is even closer to its potential Golden Cross than PROW was when we first mentioned it. So the potential for further gains in the days and weeks to come is certainly present. While past performances are no guarantee of future results, we’ve seen the Golden Cross scenario play out so many times to a positive effect, that we would be remiss not to point it out.

We’re also looking at a fresh news release the company put out this morning:

SILVERADO CA–(Marketwired – Jan 22, 2014) – Resource Ventures, Inc. (PINKSHEETS: REVI) President Bob Thompson announced today that the Company’s wholly owned subsidiary, Resources Printing and Graphics, Inc. (RP&G) has achieved a milestone in their Promotional Products, in that the division has grown to represent more than 25% of the company’s overall revenue.

“15 years ago RP&G started their Promotional Products division to satisfy the many customer requests received on a daily basis, RP&G’s printing customers kept pressing us to take on more of their other graphic needs; they like the 24/7 service we offer, and just wanted us to do more for them,” said Bob Thompson, President of Resource Ventures Inc. “Now over a half million products are offered from pens to cups to watches; anything you want to put logo or message on, we can likely do.”

RECENT PRESS HIGHLIGHTS:

– Company expects to report over $2M in revenue for year ending 12/31/13, a year-over-year rise in in excess of 40-50% (Report due no later than 04/01)

– Planned exchange uplisting, process for which could begin as early as Q2

– Company has committed to timely release of all pertinent data while it remains on OTC Pink

– New online store “WikiClickPrint.com” in “fast-track development” mode


www.resourcesprinting.com


Extended Watchlist:
BBRY, KOOL, EVOK, MSTX, DRWI, MELA, CVM

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