Blue Horseshoe Stocks

ERBB, GRNH, LUNL, IDGC & Today’s Extended Watchlist

Tranzbyte Corp ERBB

ERBB opened at .0048 on Monday, and ran to .0075, where it ran into a key level of resistance. Currently we have a golden cross formation setting up on the chart. This play will be on our watchlist for weeks to come. We are looking for when the 20DMA surpasses the 200DMA, and at the rate it’s been going, we could realistically see that occur within the next couple of weeks.

Yesterday’s volume of 42.5M shares traded represents nearly 7X the current average.

Barchart.com is currently listing ERBB as a 64% Overall Buy and placing the brunt of their confidence in the short-to-medium term.

Most of the medical marijuana plays that we’ve been monitoring with the exception of ERBB, were on downtrends yesterday.

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GreenGro Technologies, Inc. GRNH

GRNH was one of those med. marijuana stocks that experienced a pullback on Monday, no great shock, granted the recent huge runs we’ve been seeing. It did, however, end up maintaining the support level we had mentioned in the morning reports (.05-.06), closing the day out at six cents.

We need to see GRNH hold a minimum level of support anywhere from the 20DMA (.0322) to yesterday’s foothold at .0465. Moving forward, we are going to have to monitor all of these consolidating marijuana stocks for any bounce actions that may come to pass.

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Lumonall, Inc. LUNL

After appearing in our extended watchlists recently, LUNL earned a spot as one of our main focal points this morning, turning in back to back days of abnormally high volume.

On Friday, it traded over $23K in dollar volume, and yesterday, another $16K. With accumulation increases such as these, there often tends to be a corresponding increase in upward momentum, so we certainly want to watch for that.

The stock has enjoyed steadily rising closing prices for the past three consecutive trading days, so we are anxious to see if the recent awakening of the stock can continue to duplicate those results.

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IDGlobal Corp. IDGC

This is a high flying, big momentum mover that caught our attention yesterday when it ran from .0004 to as high as .0075. A surge like that is enough to get anyone’s attention, exploding for possible intraday gains of over 1700%

We most definitely want to put this stock on bounce-watch once the dust settles from this amazing run. One would expect to see significant consolidation after such a showing, and the resultant rebound could be impressive in and of itself. In the meantime, we’ll want to make certain that the current run is indeed at an end.

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Extended Watchlist:

MSLP, CGRA, TMKR, HZNP, GALE

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

Medical Marijuana Round-Up: Part Three

Medical Marijuana Round-Up: Part Three

Election Day has come and gone, and as we suspected, medical marijuana passed in certain states. While still against federal law, this was big step for the medical marijuana movement, and related stocks that we have reported on in the recent past. We were one of the first to the party in discussing the potential of these stocks as desicion 2012 drew near, and now of course, we see several other groups jumping on the bandwagon. Simply check out the dates on our previous reportsto see that this is, in fact, the case.The following is a list of medical marijuana plays that we’ve continuously monitored, and will continue to do so as we see how the successful push for legalization in some states affects their futures.

These are all stocks that have brought us sizable gains already, but with this new development, things could get really exciting as a result. We wouldn’t be surprised to see another wave of new interest in these and other related stocks.

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Medical Marijuana, Inc. MJNA

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Hemp, Inc. HEMP

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GreenGro Technologies, Inc. GRNH

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Cannabis Science, Inc. CBIS

____Here are several more related plays that we’ve dug up to give you as much of a variety as possible.

ERBB, FSPM, GTLA,MDBX, MWIP, PARS, PHOT, RFMK, RIGH, SFIO, SRER, TRTC

____Extended Watchlist:
STLK, CGRA, ACGX, VLNX, CGUD