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,

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

Medical Marijuana Round-Up: Part Two

Medical Marijuana Round-Up: Part Two

After the success of many of the stocks included with our first focus on medical marjuana plays back on October 16th, we thought we’d revisit this currently hot market sector. Our report yielded cumulative gains of 885% as we are about to outline in today’s follow-up. With the presidential elections drawing near, the hemp and medical marijuana industries have become more of a focal point than in the past, partly as a result of the question of legalization being at issue in several states. In addition, more and more investors are realizing that the road is indeed headed toward positive future growth for related industries.____

Medical Marijuana, Inc. MJNA

MJNA is one of the med. marijuana plays that has treated us unbelievably well since we first began monitoring its activity in early August. As you can see on the three month chart below, the overall trend has been a steady increase to the tune of more than 400% profit!

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Hemp, Inc. HEMP

Since October 16th, HEMP was as low as .027, and subsequently hit a high of .09. Another big winner that provided us with some sweet gains, in this case, on the order of 233%

Now that the stock is consolidating off of that epic run, we are watching closely for any potential bounce-play opportunities.

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GreenGro Technologies, Inc. GRNH

GRNH made its own run following the report on the 16th from .013 to a high of .045. Another whopping gain which equates to 246%, rounding out a trio of absolutely huge gainers afforded us by our first medical marijuana round-up report.

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Cannabis Science, Inc. CBIS

We mentioned the plays from the round-up report that had some real success, and while CBIS did not appear in that particular report, we have been watching and talking about it for quite some time. After having observed a low of .0305 in late August, we watched it proceed to bounce around nicely, making higher highs and lows on it’s way up to a key level of resistance at .0573 that it has been testing of late.

We’re really looking at this stock for any opportunities that may present themselves, as it recently broke through both its 20 and 100DMA’s. We’d like to see it hold above those levels.

The RSI is beginning to rise, pointing North toward the powerzone, while the Slow STO and PPO have both crossed, and are diverging. In addition we can see that the blue bars on the histogram have flipped up to the bullish side, so as it would seem, many indicators are suggesting that we keep CBIS on watch.

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Even More Med. Marijuana Stocks to Watch: CLMP, ERBB, MWIP

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Extended Watchlist:
STLK, AZFL, CGRA, EGCT