Blue Horseshoe Stocks: HUGE News in the Marijuana Industry

Medical/Legal Marijuana Sector Set to Explode

If that headline seems a little sensationalistic, that’s because something sensational has happened! Many of you will recall our continuous coverage of marijuana-related stocks beginning last year, as Washington and Colorado were getting ready to vote on becoming the first states to end more than seven decades of marijuana prohibition. The prospect of companies legally being able to cash in on what is most assuredly a multi-billion dollar industry just waiting to be unlocked, was and still is, quite exciting.

We rode several hemp stocks (which we’ll mention below) to astonishing gains, and have been continuously tracking the landscape of this burgeoning market sector ever since. Even with such progress being made in legislation, as well as a positive general shift in public opinion on the subject, we still had to temper our enthusiasm. The federal government had not yet taken an official position on the issue of whether or not it would intervene in the rights of individual states to grant their citizens access to legal marijuana. And so the nation, including several other states with legalization ambitions of their own, waited for news of their ultimate fate.

Then yesterday came… In the future, Thursday, August 29th, 2013, could very well be viewed as a turning point in the fight against marijuana prohibition. The US Department of Justice finally announced their official position: The federal government WILL NOT interfere with individual states who wish to legalize, regulate, and tax marijuana for both medical and personal recreational use. The door to a pot industry boom has just been unlocked, and left wide open.

In the wake of this historic event, we thought there would be no better time to remind our readers that this was one of the main reasons we’ve been so “high” on marijuana stocks for over a year now. It is rare to witness the birth of an entire industry, and yet it seems this baby has finally arrived! Check out the enormous list of related stocks below that have appeared in previous reports (I, II, III, IV) and be sure to keep them on your radars moving forward, as a world of possibilities (without fear of federal reprisal) has just opened up for the entire sector.

HEMP, PHOT, MJNA, CBIS, RFMK, ERBB, GRNH, MDBX, MWIP, TRTC, RIGH, EXMT, EDXC, SKTO, FSPM, NRBT, GTLA, GWPRF, HESG, PARS, SRER, SFIO, XCHC & NVLX.

We’ll also be on the lookout for new marijuana related stocks, which are likely to start sprouting up like weeds now that the federal green light has been given. More on the subject is sure to come, so stay tuned to our daily reports, and good luck out there!

MCET, MJNA, MWIP & Extended Watchlist

MultiCell Technologies, Inc. MCET

MCET put in another solid performance yesterday, maintaining its uptrend. We’ve taken a lot of interest in the biotech sector lately, and have been duly rewarded.

The volume that has been flowing through MCET for the past week and a half has been astronomical, with yesterday being the second-highest volume day. It opened at .0058, before dipping to .0046, and then ran to .006, gaining 30%  We then saw a dip to .0049 before the stock ran to .0067 tallying an added gain of 37%

From Friday’s low of .0035 we’re looking at gains of almost 100% in total, and with the amount of momentum in this stock currently, we are leaving MCET on our watchlist for the foreseeable future.


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Cannabis Stocks
MJNA and MWIP each closed out Monday’s session with gains of around 20% We have yet to stop paying attention to the marijuana sector, as it seems that we are pulling winners from that group on a very regular basis of late.

For those of you just joining our ranks, as listed in the most recent roundup report on marijuana stocks, we are looking at several different symbols, including: MJNA, MWIP, HEMP, CBIS, GRNH, XCHC, ERBB, PHOT, LATF, TRTC, and more recently, EDXC.

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Extended Watchlist:
VOIS, SIRG, CICI, CBAI, PEIX, BIOF, NEWL, PAL

XCHC, BMSN, ENTB & Extended Watchlist

Those of you who’ve been reading our newsletter for long enough, remember that we were one of the very first to start tracking the medical marijuana sector as a whole. Many of the plays contained in our first widespread account of marijuana stocks on October 16th even appeared prior to that report. Since that time, we’ve had several follow-up reports, covering close to a dozen different hemp stocks.

The X-Change Corporation XCHC

A few weeks ago we added XCHC to that group, and it seems we did so at just the right time. The week we brought it into the mix, the stock was trading as low as .0521, and has since hit a high .195, representing a profit of 274% in just three weeks. Though you might see others covering the stock presently, as regular monitors of the stock newsletter circuit, we were most assuredly the first to show up to the party.

Some of the other stocks in the cannabis arena have been seeing pullbacks of late, so we continue to monitor those for any upcoming bounce opportunities that we will certainly pass along, as always..
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Bio-Matrix Scientific Group, Inc. BMSN
& Entest Biomedical, Inc. ENTB

After seeing recent runs from these two biotech stocks, both saw pullbacks, and subsequent rebounds to add to our recent win streak.

ENTB found support off of .0047 after running from .001-.0106

BMSN ran from .0003 to .0165, before pulling back to find support at .0071.

We’ll need to see both of those mentioned support levels hold moving forward, in order to continue to hold our interest. Consolidation periods can be good after multi-day runs like we’ve seen here. It is often caused by profit-takers exiting stage-left, and gives us a chance to see some new blood churn into the stocks, and laying the groundwork to give rise to the next upswing.
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Extended Watchlist:
DVOX, OPXA, RPRX,