Vapor Group Inc (VPOR)

[Tony_the_Tiger_1973]

Looking at other MMJ plays, VPOR should easily approach .03-.04 this week. That's between the 50 and 100 DMAs. Many MMJ stocks are already there and working on continuation flags. If more states go recreational, I expect an additional pop to .06 by early next week, then consolidation. I'll take profit around .06 and re- enter at .05 if this happens. Then it will take a few more weeks to run to .10 by Thanksgiving. I expect another pullback to around the 200 DMA (.08), support to hold, and then a healthy move to .15 on anticipation of the fed court decision after the new year. Percentage wise people think this is crazy, but the average MMJ stock moved 1000% last time and VPOR moved 10,000%. The low float will allow for some serious momentum once the pendulum swings our way.

Factors to support this thesis are the following:

- November to April are historically bullish for stocks, including OTC
- The MMJ sector is defining a reversal, including vape stocks
- Confirmation of VPOR bottom
- State focus on MMJ via elections
- Fed focus on scheduling of Mj via recent court hearing
- Volume is increasing; volume precedes price
- VPOR is releasing new products, reaching distribution deals, expanding to other continents, obtaining better financing terms, setting up for HQ expansion, improving investor relations, etc.
- Price to sales ratio is around 1:1 right now, where growth companies like GoPro are at 27:1.

If state elections approve more recreational and possibly MMJ, I expect a smaller run than in spring, possibly 60% of previous highs. However, if the fed indicates they may reschedule it, I expect a run to new highs by March. This is an exciting time to be a VPOR shareholder.