Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

Free
Message: Is marijuana the next gold?
It looks like the jump on the "medical marijuana" band wagon isn't falling too far from home. This article mentions both 88 Capital and Ansell, both of whom had options on SLI properties (for full article and other companies go to the link at the bottom) Medical marijuana stocks (and stocks where people suspect a medical marijuana play may be coming) have been surging for the last few weeks but it appears, if today's action is anything to go by, the 420 money may be starting to focus on a handful of companies, which is leaving a lot of smaller players to twist in the wind. In today's marijuana stock chronicles, we note Abbatis, Enertopia and Next Gen solidifying, while others wane. We also add a few new companies to our coverage, namely Compton Petroleum and Growlife. The Marijuana Index (^MMJ) dropped 0.56% to $28.49 today, as our own Stockhouse Canadian MJ Play index, consisting of 1000 shares of all companies we’re covering, fell 1.43% to $5054. The tale of the toke: 88 Capital Corp. (TSX:V.EEC, Stock Forum): A day after jumping 250% on rumor alone, 88 Capital slipped back to $0.025, a 28.5% drop, on minor volume. No public indication that this capital pool company is making any move into medical marijuana, in fact they haven’t released any news on any topic since they listed, but there are whispers out there that this will be a 420 play and that’s been enough to make it move hard. Ansell Capital (TSX:V.ACP, Stock Forum): Up 9% a day after a 14.3% drop, and four days after nearly doubling on an announcement it was seeking “opportunities in agriculture, medical, technology, finance and resources”, which has quickly become code for ‘raising money to get into medical marijuana’. Sitting at $0.06 per share. http://www.stockhouse.com/news/natural-resources/2014/03/20/medical-marijuana-update-v-thc-makes-run-as-next-gen-launches-plan
Share
New Message
Please login to post a reply