Is this the best play in the cannabis-sector? The chart on this play heading into the month of July is about as strong as you could hope for on a penny-stock.
News today about the CEO hosting a conference call on Monday, July 8 @ 4 PM EST; the same CEO Friedman whose also an active participant on the MWIP message board.
Earlier this year, many of the stocks in this sector went on quite a run, many gaining over 1,000%. Since then the interest in the sector has come to a near standstill and shareholders are left wondering if the sector still has a pulse.
Halfway through today's session and the volume on MWIP is a mere 677,699! Today would mark the tenth trading session in a row that MWIP will not have eclipsed 2.5 million in daily volume. Just to put this in perspective, the last time this occurred was in August of 2012, back when the share price was literally trading in the .001s! Sixth months later trading as high as .1274. That'd be like buying a stock at one dollar and change, and waking up sixth months later to those shares being worth 127 dollars. Well now those same shares are trading at 38 dollars and the average daily volume hasn't been hit in nearly 3 months providing a possibility that the consolidation of the first great run is nearing completion.
Will the next phase up be fueled by anticipated future legislation that will put this sector in the spotlight?
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