Billionaire Boys Club Member Forum (BBCMF)

[mick]

Marijuana Legislation & Decriminalization Countdown: T=11 Trading Days And Counting For You To Exit From An EVENT-DRIVEN Rally
, by Anthony Cataldo
http://seekingalpha.com/instablog/3646631-anthony-cataldo/4926973-marijuana-legislation-and-decriminalization-countdown-t-11-trading-days-counting-exit-event?source=email_rt_author_readmore&uprof=46&isDirectRoadblock=true


Marijuana Legislation & Decriminalization Countdown: T=11 Trading Days And Counting For You To Exit From An EVENT-DRIVEN Rally 1 comment
Oct 23, 2016 12:08 PM

At this writing,
there are N=11 trading days before the November 8 election and marijuana decriminalization ballot measures.

Generally, Marijuana Index measures have doubled over the past 30 days, I suspect,
in anticipation of an election-day segment or sector upside over-reaction.

I re-examine the N=13 marijuana stocks with more than 5,000 Seeking Alpha followers, but with respect to significant,
explanatory news releases over the past 30 days.

Those following my work know that I view approximately 95%+ of these stocks as day-trading stocks, not worthy of a long-term buy-and-hold.

If you are holding an event-driven stock, it may be best to sell it after the event, unless fundamentals warrant otherwise.

Disclosure: The only marijuana stock that I continue to hold, long-term, is Cannabix Technologies (OTCPK:BLOZF). I do not expect to day-trade or buy-and-hold any of the stocks addressed in this article.

calendar or countdown illustrates the trading days between now and the November 11, 2016, elections and ballot measures:


[-chart]staticseekingalpha.a.ssl.fastly.net/uploads/2016/10/3646631_14772387828151_rId9_thumb.jpg[/chart]


I provided some data on marijuana stocks with more than 5,000 Seeking Alpha followers, as follows:

> 5,000


Number of


SA Followers

Ticker

SA Followers

Rank

Growlife Inc

(OTCPK:PHOT)

33,895

2nd

Cannabis Science Inc

(OTCPK:CBIS)

20,509

3rd

PharmaCyte Biotech Inc

(OTCQB:PMCB)

10,302

7th

Terra Tech Corp

(OTCQX:TRTC)

15,220

4th

Medical Marijuana Inc

(OTCPK:MJNA)

36,174

1st

Medbox Inc/Notis Global Inc

(OTCPK:NGBL)

12,398

5th

American Green Inc

(OTCPK:ERBB)

12,178

6th

Greengro Techs Inc

(OTCPK:GRNH)

9,922

8 th

Insys Therapeutics Inc

(NASDAQ:INSY)

7,964

10 th

General Cannabis Corp

(OTCQB:CANN)

8,714

9 th

MCIG Inc

(OTCQB:MCIG)

7,567

11 th

Vapor Corp

(NASDAQ:VPCO)

5,154

13th

CV Sciences Inc

(OTCQB:CVSI)

7,188

12th

In each and every one of the N=13 marijuana stocks or cases, I provide the 30-day chart. The results are really quite remarkable, and support the conclusion that price-per-share increases are due to nothing other than an EVENT-DRIVEN rally for the marijuana sector.

Note that each and every chart that follows captures the price-per-share change from September 21 close/September 22 open through the October 21 close. This is the same period captured by the above marijuana index charts.

30-Day Returns for N=13 Marijuana Stocks

Broad results from September 21 close/September 22 open through the October 21 close are summarized, below:

===================================================

Broad results from September 21 close/September 22 open through the October 21 close are summarized, below:

Firm Name

Rank

Change

Medical Marijuana Inc

1 st

100%

Growlife Inc

2 nd

100%

Cannabis Science Inc

3 rd

300%

Terra Tech Corp

4 th

35%

Medbox Inc/Notis Global Inc

5 th

200%

American Green Inc

6 th

200%

PharmaCyte Biotech Inc

7 th

modest increase

Greengro Techs Inc

8 th

170%

General Cannabis Corp

9 th

230%

Insys Therapeutics Inc

10 th

decrease

MCIG Inc

11 th

170%

CV Sciences Inc

12 th

160%

Vapor Corp

13 th

unchanged

(I should note my own stock pick, Cannabix Technologies, only increased by only 136% during the same, 30-day period examined in this article, but the increase was probably due to firm-specific news releases).

===========================================================

(I should note my own stock pick, Cannabix Technologies, only increased by only 136% during the same, 30-day period examined in this article, but the increase was probably due to firm-specific news releases).

The Charts for N=13 Marijuana Stocks

All N=13 stocks and related 30-day charts follow:

1-Medical Marijuana Inc

Medical Marijuana closed at $0.043 on September 21 and at $0.0855 on October 21, for an increase approximating 100%. There were no significant, positive news releases or press releases during this period.

2-Growlife Inc

Growlife closed at $0.0088 on September 21 and at $0.0169 on October 21, for an increase approximating 100%. There were no significant, positive news releases or press releases during this period.

3-Cannabis Science Inc

Cannabis Science closed at $0.0137 on September 21 and at $0.0562 on October 21, for an increase approximating 300%. Seeking Alpha provided a news release and insights into this increase.

4-Terra Tech Corp

Terra Tech closed at $0.34 on September 21 and at $0.4611 on October 21, for an increase approximating 35%. Some favorable press releases, during the period, follow:

5-Medbox Inc/Notis Global Inc

Notis Global closed at $0.0005 on September 21 and at $0.0015 on October 21, for an increase approximating 200%. There were no significant, positive news releases or press releases during this period.

6-American Green Inc

American Green closed at $0.0007 on September 21 and at $0.0022 on October 21, for an increase approximating 200%. There were no significant, positive news releases or press releases during this period.

7-PharmaCyte Biotech Inc

PharmaCyte Biotech closed at $0.0307 on September 21 and at $0.0388 on October 21, for a relatively modest increase. There were no significant, positive news releases or press releases during this period.

8-Greengro Techs Inc

Greemgro Tech closed at $0.05 on September 21 and at $0.1369 on October 21, for an increase approximating 170%. There were no significant, positive news releases or press releases during this period.

9-General Cannabis Corp

General Cannabis closed at $1.20 on September 21 and at $4.00 on October 21, for an increase approximating 230%. There was 1 Seeking Alpha article published during this period, on October 15, but it was not terribly favorable. Still, the stock rose significantly.

10-Insys Therapeutics Inc

Insys Therapeuticss closed at $13.27 on September 21 and at $11.52 on October 21, for a decrease. This firm has positive earnings, but is not a "penny" stock. There was 1 Seeking Alpha article published during this period, on October 18, but it was unfavorable. Some unfavorable news, during the period follow:

11-MCIG Inc

MCIG closed at $0.031 on September 21 and at $0.085 on October 21, for an increase approximating 170%. Some unfavorable news, during the period follow:

12-CV Sciences Inc

CV Sciences closed at $0.269 on September 21 and at $0.702 on October 21, for an increase approximating 160%. There were no significant, positive news releases or press releases during this period.

13-Vapor Corp

Vapor did not change, as the below chart illustrates. There were no significant, positive news releases or press releases during this period.

Recommendations

Most or all of the marijuana stocks addressed in this article appear to be increasing due to the anticipated November 8 election and ballot measure results appear to be event-driven, and not based on fundamentals that would support a long-term buy-and-hold position.

If California fails to pass Proposition 64, sell all marijuana stocks; you might decide to repurchase at or near calendar year-end at a lower entry price-per-share. In other words, repurchase after "bag holders" sell near calendar year-end, when investors sell their "losers" to offset gains during this tax-loss selling period. If you are holding a marijuana stock, consider continuing to hold it through November 7-8 over-reactions to legalization ballot measures. Consider taking profits during any parabolic price-per-share increases approaching or surrounding November 8 trading days. PharmaCyte Biotech is not enjoying the price-per-share rise that other marijuana stocks are experiencing - it might be best to avoid this stock in favor of an alternate. Insys Therapeutics Inc is not enjoying the price-per-share rise that marijuana stock "pure plays" are experiencing - this stock is not an event-driven buy, sell or hold. Vapor is not enjoying the price-per-share rise that other marijuana stocks are experiencing - it might be best to avoid this stock in favor of an alternate.

Disclosure: I am/we are long BLOZF.

Back To Anthony Cataldo's Instablog HomePage »
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
Share this Instablog with a colleague
0 Comments (1) Track new comments

patient_investing
Comments (70)| + Follow | Send Message
Insys Therapeutics donated half a million dollars to oppose legal cannabis in Arizona. Those jerks want to corner the market. http://tinyurl.com/gp4...
23 Oct, 05:58 PMReply! Report AbuseLike0

Username (*required)

Add Your Comment:
Publish
Full index of posts »
Latest Followers

orangegal1User 47740695Scott Mc CauleydonfuturafxUser 47862295jkquaisewedgehammerUser 16451992Green is the colorsmokey87User [e-mail] 47880160User 47297508sanatd_98
StockTalks
$AQXP Short this one.
Aug 10, 2015
$IMLFF private placement at $0.10 PPS.
Mar 8, 2015
$REFG I rec'd 3 emails in the past 24 hours to buy this stock...looks like another pump and dump...best to all...
Jan 28, 2015
More »
Latest Comments
patient_investing on Marijuana Legislation & Decriminalization Countdown: T=11 Trading Days And Counting For You To Exit From An EVENT-DRIVEN Rally Insys Therapeutics donated half a million dolla...
Anthony Cataldo on My Seeking Alpha Articles On The Marijuana Sector About 97% of the N=150 firms are scams and/or w...
oldorv on My Seeking Alpha Articles On The Marijuana Sector and it bears repeating: do not buy and hold thi...
oldorv on My Seeking Alpha Articles On The Marijuana Sector Damn well done, Sir.

Most Commented
My Seeking Alpha Articles On The Marijuana Sector ( Comments)
Marijuana Legislation & Decriminalization Countdown: T=11 Trading Days And Counting For You To Exit From An EVENT-DRIVEN Rally ( Comments)
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.