This article was forwarded to me. This company took an interest in PNTV and initiated their own coverage. They have taken the time to speak with the company, visit and do their DD. They are in.
Penny Pot Profits
June 8, 2017
Pot Stocks Take Off!
Ray BlancoDear Penny Pot Reader,
It's been a very exciting week for pot stocks — and you got a front-row seat to the action!
We shifted our portfolio earlier in the week, selling underperforming shares of Aurora Cannabis and moving our capital instead to Player's Network (OTCBB: PNTV) and 22nd Century Group Inc. (NYSE: XXII).
If you've been watching the price action in our portfolio since then, you've seen the buying frenzy that's been taking shape in the last several sessions.
In fact, our new trades are up 15% and 8%, respectively, as I write to you this afternoon!
Today, I want to give you a top-level view of what's happening in the pot market — but first, there's something we need to talk about…
While I'm thrilled with the momentum we've seen in our new trades over the past couple of sessions, I just want to re-emphasize that for very small stocks, it's extra important not to chase shares, even if they remain below my buy-up-to price.
That helps to ensure that everyone has a chance to get into a trade. PNTV is a great example of this.
When you get a buy recommendation for a thinly traded OTC stock, be sure to use a limit order and exercise patience if shares start to run. I'll do a better job of reminding you in the future, too.
Now, that said, this week's massive upside in pot stocks clearly wasn't sparked by us. As I've been telling you for the last few weeks of quiet, do-nothing price action, pot stocks have been a coiled spring ready to pop — and pop they did.
Not just in our new positions, either.
Have a look at our Penny Pot Index:
See that spike in the last few days?
That's the sort of move that's caused by the entire penny pot ecosystem jumping higher together, not pops in a couple of tiny names.
That's something I'm especially happy about — the cannabis stock universe finally quit hitting the "snooze" button, and momentum is funneling back into the market!
This summer could be a very interesting environment for pot investors, so buckle up for more gains ahead. I'll keep you posted on the exclusive news updates, market insights and special situations along the way.
Stay tuned.
Portfolio Update
In the meantime, here's an updated look at our portfolio:
Zynerba Pharmaceuticals (NASDAQ: ZYNE): ZYNE has been quiet lately despite the excitement elsewhere in this corner of the market — shares are consolidating sideways here.
Cara Therapeutics Inc. (NASDAQ: CARA): CARA continues its upward trajectory this week.
22nd Century Group Inc. (NYSE: XXII): XXII is tacking a third day of large upside to its breakout signal from earlier this week. It's a textbook technical price move.
Player’s Network Inc. (OTCBB: PNTV): PNTV is giving us some serious follow-through on the double-digit pop shares showed us earlier this week. This breakout looks similar to some of the up legs this stock has seen in the past — and long term, the momentum is unmistakable.
To a bright future,
Ray Blanco
Ray Blanco
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