Tag: KNDI

MJNA, PHOT, SKTO, MWIP, HEMP, ELY & Extended Watchlist

Marijuana Sector Update
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To kick off the week, we’re turning the conversation back to both medical and legal marijuana-related stocks, a topic that we have covered extensivelyfor over a year now. Many of our old favorites have begun to show signs of promise once again, so we thought this would be a good time to bring them back into the fold as features in today’s morning report.
Medical Marijuana, Inc. MJNA

 

Growlife, Inc. PHOT

SK3 Group, Inc. SKTO

MediSwipe, Inc. MWIP

Hemp, Inc. HEMP

Each one of the preceding stocks (along with a great many more) has brought us several opportunities for large, or even astronomical gains, as was the case with MWIP from which we were afforded the chance at more than a 5250% profit (Coverage range: .0026-.1398)

Last week each of these began finding its way back to our watchlist as we’ve noticed increased volume, and as we’ve learned extensively in the past, volume often precedes price. Thus we are going to want to keep a close eye on these, and indeed the marijuana sector as a whole, which has yet to reach even a fraction of its full potential. Polls show that more than half of Americans now support legalization of cannabis and cannabis products, and of course we know that some states have already taken the necessary steps to make it available to their citizens.

Callaway Golf Co.  ELY

ELY appeared in Friday’s extended watchlist, then put forth a performance that merits mentioning. The stock touched a daily low of 7.82 very early in the session before enjoying a steady 14% surge up to 8.90, its highest point since 2010.

This comes on the heels of a wave of positive press last week including significantly boosted quarterly earnings:

Extended Watchlist:
DNDN, KNDI, OGXI, FNMA, FMCC, AAPL (Earnings expected today)

DRYS, FREE & Extended Watchlist

DryShips, Inc. DRYS

DRYS appeared in Tuesday morning’s extended watchlist, after which time we observed a low of 3.40. Yesterday the stock hit a high of 3.99, marking an overnight move of 17% This morning, it looks like it is gapping up, so we will be monitoring this play today for added gains that could result from the current momentum.

Our first ever mention of DRYS was back on August 22nd, when the stock was trading around 2.20. From that point, yesterday’s high represents a move of 81% As you can see on the chart included, DRYS has been on a steady uptrend since it first hit our radar.

FreeSeas, Inc. FREE

We had FREE on bottom-watch back in July, and it wasn’t too long after that when we saw the stock touch a low of .1652 (08/01). After generally trading sideways for the month of August, FREE began a rise that has lasted all the way through this month, culminating in yesterday’s .59 high, a move of  257% off of its bottom.

This morning it looks like FREE is gapping up into the mid-.60’s range, so it seems further gains are on the menu. Today the company reported details of a deal that will clean a significant amount of debt from its balance sheet:

Athens, Greece,, Sep 26, 2013 (GLOBE NEWSWIRE via COMTEX) — FreeSeas Inc. (Nasdaq CM: FREE)(“FreeSeas” or the “Company”), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of six Handysize vessels and one Handymax vessel, announced today that it has entered into an assignment and amendment agreement (the “Assignment”) with Deutsche Bank Nederland N.V.(“Deutsche Bank”), a Magna Group affiliate fund Hanover Holdings I, LLC (“Hanover”), Crede CG III, Ltd (“Crede”) a wholly-owned subsidiary of Crede Capital Group, and various wholly-owned subsidiaries of the Company.Mr. Ion G. Varouxakis, Chairman, President and Chief Executive Officer of the Company made the following comments: “We are pleased to enter into the Assignment, which will remove, immediately upon appropriate court approval, approximately $30 million of debt from our balance sheet. >>> FULL STORY

Extended Watchlist:

FLOW, KNDI, LLEN, ACI, BLDP, CRRS

Uranium Resources, Inc. | URRE | Momentum Play

Uranium Resources, Inc. URRE

We have a possible momentum mover today in the form of URRE. This uranium play caught our attention, as it has been on quite a rip over the past few sessions, trading in the 2.40’s last Monday to Friday’s high of 4.31.

The chart, while having just posted major gains, still appears ripe with the RSI punching into the powerzone, as well as impending golden crosses as both the 20 and 50DMA’s are rising toward the 200DMA.

Even in the event of these rapid gains leading to a pullback, we are going to want to stay aware of the possibility of resultant bounces which could be used to our advantage.

The company also announced an upcoming conference call for the benefit of shareholders Friday of next week, that we are going to be tuning in for:

LEWISVILLE, Texas, Jul 29, 2013 (GLOBE NEWSWIRE via COMTEX) — Uranium Resources, Inc. (Nasdaq:URRE) (“URI”) will host a conference call and webcast on Friday, August 9, 2013 at 11:30 a.m. ET. During the call, Christopher M. Jones, President and CEO, and Jeffrey L. Vigil, Vice President and Chief Financial Officer, will provide an update on URI’s strategies, outlook, and progress in advancing its Texas and New Mexico properties. A question-and-answer session will follow.

The URI conference call can be accessed by calling (201) 689-8471. The live webcast can be monitored at www.uraniumresources.com.

A telephonic replay will be available from 2:30 p.m. ET the day of the teleconference until Friday, August 16, 2013. To listen to the archived call, dial (858) 384-5517 and enter replay pin number 417986. Alternatively, the webcast replay can be heard on the Company’s website and a transcript will also be posted, once available.

About Uranium Resources, Inc.

Uranium Resources, Inc. explores for, develops and mines uranium. Since its incorporation in 1977, URI has produced uranium by in-situ recovery (ISR) methods in the state of Texas and currently has a number of initiatives underway to return the Company to production. URI has over 206,600 acres of uranium mineral holdings and 144.8 million pounds of in-place mineralized uranium material in New Mexico and an NRC license to produce up to 3 million pounds of uranium per year. URI has an additional 664,000 pounds of in-place reserves in Texas. The Company acquired these properties over the past 20 years along with an extensive information database of historic drill hole logs, assay certificates, maps and technical reports.

Uranium Resources routinely posts news and other information about the Company on its website at www.uraniumresources.com

Extended Watchlist:
GOFF, SPMI, VTPI(possible rebound), KNDI, HSOL, INO,LUVU

BRND, IWEB, NVIV & Extended Watchlist

Premier Brands, Inc. BRND
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After discovering BRND’s news with Dennis Rodman and delivering our initial alert on the stock Thursday morning, we saw this juggernaut bull its way from a low of .0043 to Friday’s high at .0359. That represented an overall move of 735% over just two trading sessions.

As we always do with such a rapid gainer, we urged caution as we remained on the lookout for a pullback. That began to occur on Friday afternoon, with the stock closing at .0115. Today, we’ll be monitoring BRND for any possible bounce opportunities. We’ll need to see it hold a minimum support level of a penny in order for us to stay interested.

ICEweb, Inc. IWEB

IWEB brought us the chance for nearly 100% in cumulative gains last week, with a 48% initial run following our first report on the stock, after which we saw roughly 45% in subsequent bounces.  This is likely to be a stock that remains on our radars for quite awhile, as we follow along with the company’s efforts to expand their cloud services business. We were informed this morning of another development involving a large sale to a prestigious client.This Morning’s PR:

STERLING, Va.–(BUSINESS WIRE)– IceWEB Storage Corporation – (OTC BB:IWEB), an award-winning Unified Data Storage appliance provider for cloud and virtual environments, as well as the highly secure, scalable IceBOX BYOD (Bring Your Own Device) Private Digital Cloud Solution, today announced that the Company secured an order from an Ivy League University for up to 5,000 users.

 The University chose an IceWEB 2200 2U IceBOX storage appliance with 4TB capacity expandable to 48TB. >>> FULL REPORT

InVivo Therapeutics Holdings Corp. NVIV

NVIV is new to our reports today, and is a stock with a very intriguing backstory. The company is currently in the process of developing technologies to treat spinal cord injuries (SCI) with unprecedented success, if early tests are any indicator.

InVivo plans to culminate these technologies into unique products it intends to bring to the medical field. These include a bio-compatible polymer “scaffolding” device which is used to treat acute SCI’s, as well as a controlled-release methylprednisolone “hydrogel” which could replace injections currently used for some SCI’s.  The products have been tested, and demonstrated to promote functional recovery following traumatic SCI’s in several test subjects including rodent and non-human primate models.

This is definitely going to be an interesting stock to follow, especially with the current chart setup. We are seeing a definite uptrend, as the RSI heads into the powerzone, and the MACD recently underwent a bullish cross, as we’ve pointed out on the chart below:

 

Side Note:
On the options trading front, we are looking at LULU $65 Calls this morning.

Extended Watchlist:
CRWE, RNN, KNDI, XOMA,
LEAP (To be acquired by AT&T for 15$ a share)
PMCM (Possible momentum carryover from last week)

 

BMSN, NEWL, KNDI & Extended Watchlist

Bio-Matrix Scientific Group, Inc. BMSN
BMSN is an old-time favorite of ours, that we’ve most recently mentioned in both Friday and Monday‘s extended watchlists. On Friday, the stock was as low as .0032, which, at yesterday’s .0048 high, marked a two-session spike of 50% BMSN managed to get above the 200DMA, and broke above resistance at a recent swing high (05/06/13 @.0045). The next key resistance comes at .0062.

Side Note:
Also included in Friday’s report with BMSN was Entest Biomedical, Inc. (ENTB). The two companies are headed up by the same management team. After trading as low as .0019 yesterday, ENTB also made a run, closing at its high of .0026, a 37% move. We’ll be monitoring for a continuation of that momentum this morning.

NewLead Holdings Ltd. NEWL
Speaking of momentum plays, here’s one fresh off our morning scan: NEWL was rebounding off of a recent 52-week low and having a breakout session yesterday. The stock closed at its high of day, and even continued its ascent after-hours. We are going to want to watch this mover into today’s trading. Momentum like that often produces extended multi-day runs, and if that is the case here, we’ll want to take full advantage.

Kandi Technolgies Group, Inc. KNDI & Other EW Winners
We also wanted to give ourselves a hearty pat on the back for our timely inclusion of KNDI in yesterday’s Extended Watchlist. This NASDAQ-traded stock made quite an impressive daily run for a security in this its price-range, trading from a low of 7.20 up to 8.31, gaining 15% on the day.

Other gainers on the day from yesterday’s win-filled extended watchlist include OSH, IGLD, & RNN.

Extended Watchlist:
PSID, XIDE, FREE, STWG

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