Good Evening Main Street Trader, If you`ve been paying attention for any length of time you probably know that marijuana related stocks are the best plays around.
Wall Street is calling it the “green rush,” as more than 20 states approve marijuana for medicinal purposes.
The fact that pure-play marijuana stocks are a hot topic is lighting a fire under prices! Finding a “weed stock” that hasn`t rallied to far is stressing out my scanners, but my radar rarely lets me down! The turn VMGI has started to make has been exhilarating — Right now this ticker looks to be still in range –but it might not be for long! I haven`t seen too many marijuana stocks in sub penny range left! –We need to get Verdi Media Group, Inc. (VMGI) on the “Alert list”! ========================HIGH ALERT: VMGI Name: Verdi Media Group, Inc.
Last: $0.0094 cent ========================
Yes, VMGI looks like it`s ready for a breakout move. If we pull up the chart [ http://finance.yahoo.com/echartss=VMGI+Interactive#symbol=VMGI;range=5d ] we could be looking at a trend break. It`s where old support and old resistance flip flop and all kinds of exciting technical things happen.
Sure, a total breakout here might require VMGI to touch $0.015 or $0.02, but a penny isn`t all that much at these levels and today sure fit that bill! The only question is which way VMGI goes –Based on the news flow [ http://finance.yahoo.com/q/hs=VMGI ] and the the email alerts flying around that keeps pushing at a resistance level is what gets me excited for a breakout move.
While would-be marijuana moguls are staring the cannabis cash cow in the face, most haven`t figured out quite how to turn a profit yet; but the mere speculation on what this barely 1 cent ticker could capable of is giving it a fresh burst of turbulence so far this year.
Today`s action probably got a little juice from the BREAKING NEWS; Verde Media Group Inc. Announces Production Plan For Medicinal Hemp Via Oversea Contract Farming [ http://finance.yahoo.com/news/verde-media-group-inc-announces-121500399.html ] VMGI announced it has entered into negotiations with an overseas company to produce medical hemp products from industrial hemp (Cannabis sativa) in Asia. Read More [ http://finance.yahoo.com/news/verde-media-group-inc-announces-121500399.html ] This is a BIG DEAL for VMGI because currently, more than 30 nations grow industrial hemp as an agricultural commodity, which is sold on the world market. In the United States, however, production is strictly controlled under existing drug enforcement laws.
According to VMGI, there is no known commercial domestic production and the U.S. market depends solely on imports.
That`s a key milestone for any baby biotech and for VMGI in particular; it answers critics who saw the company as just another flash in the pot pan! What I like most about the multi-faceted VMGI is the formation of the Verde Media Biotechnology Division. Read More [ http://finance.yahoo.com/news/verde-media-group-inc-announces-121500674.html ] The VMGI bio-team [ http://finance.yahoo.com/news/verde-media-group-inc-announces-121500674.html ] will use the tool of metabolic engineering [ http://en.wikipedia.org/wiki/Metabolic_engineering ] to transfer cannabis genetic pathways in microbes representing an alternative route to produce cannabinoids [ http://en.wikipedia.org/wiki/Cannabinoids ] at an affordable and scalable manner.
The division will further develop and employ cutting edge program to produce platform technologies for extracting highly purified forms of cannabis-based phytocannabinoid products, including delta-9 tetrahydrocannabinol (THC) and cannabidiol (CBD).
The division will further develop platform technologies for extracting highly purified forms of cannabis-based phytocannabinoid products, including D9 tetrahydrocannabinol (THC) and cannabidiol (CBD).
VMGI`s Bio-division will develop the derivative forms of THC for increased potency and their use in different delivery systems, including sublingual, inhaled dosage forms and blending with food products.
The wide spread use of cannabis based medicines in diseases such as multiple sclerosis, chronic pain and many others requires large scale production of cannabinoids. Read More [ http://finance.yahoo.com/news/verde-media-group-inc-announces-121500674.html ] Unlike pure “cannabis” plays, VMGI could have real science as well as the green buzz behind it! VMGI`s Bio-division and its novel approach will complement, traditional greenhouse based production of plant material, for rapid commercialization of active and derivative chemicals for both medical and recreational use.
Of course, if you like the pot play end of VMGI`s “cannabinoids”; it has plenty of interest! But to VMGI, the green bud is just another medicinal molecule.
That, in turn, makes this $0.01 cent biotech more than just some hippie`s dream! So whether you loved VMGI last month or missed its 3-digit move, whether you love weed stocks or think they`re poison . . . doesn`t matter.
The VMGI chart [ http://finance.yahoo.com/echartss=VMGI+Interactive#symbol=VMGI;range=5d ] is what does the talking. And it tells me the cycle of consolidation may have ended…
VMGI is on HIGH ALERT now and I`m expecting tomorrow`s action to get wild!========================HIGH ALERT: VMGI Name: Verdi Media Group, Inc.
Last: $0.0094 ========================
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Are There Any Good Marijuana Stocks Left? - Wednesday, April 09, 2014 : Stock Picks on ...
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