Hemp Inc (HEMP)

[Deathsnapper]

It seems like a lot of the people who think it will pass are already in and the people who expected a huge price drop (due to people flooding out before the votes, if they didn't want their profits to depend on it/weren't willing to risk it) tried to get out early. Kind of the same way everybody tries to take off a day before a long-weekend starts and ends to avoid traffic, but they all end up caught in the traffic anyways. (i.e. everybody thought they were smarter than the next guy, thinking they got in/got out before the rush, maybe)

The volume today is, surprisingly, much lower than any day last week and the week before. It would be expected to be up, either up on buys in anticipation of a passing vote, or up on sells expecting a failing vote.

That said, I still think people will be trying to get in/out before the vote and there's still a good chance of volume picking up later today and more so tomorrow. There's definitely a lot of potential volume that could come over the next day, before the vote.

Along with the previously mentioned "pot plays" it's probably worth checking out SFIO. They aren't totally (or even mostly) pot based, but they have a large JV going with CBIS. They basically have patents and technology on entirely vapor-free e-cigs, and are trying to get FDA approval on special versions to be used on marijuana. Regardless of how the vote turns out these would be used medicinally with CBIS. They also already have several products on the market and financials due in a few weeks.

My favorites are PCIO and SFIO (SFIO for reasons previously mentioned). I think PCIO could have some extra pressure in it's pop due to the CEO (who's had plenty of publicity and interviews, which I expect would continue) and simply due to the the name (Marijuana, Inc.? Perfect! What company do you think new investors trying to get in on the way up, after a passing vote, will see first?)



EDIT: Sorry, I was a little off. Last Wednesday had, likely, less volume; other than that today could very well be lowest volume in two weeks for PCIO. The point is that all the pot plays experienced massive volume over the past couple weeks, much higher than they've seen today.