Friday, March 21, 2014

$SXLP - 100% return in a single day !!! $MJMD is my new POT pick !!!

Congrats if you are able to get in SXLP yesterday on the open at $4..it hit high of $8, a 100% return in few hours..and closed around $7.50..thanks to @super_trades for this amazing pick - I am still long this stock and am expecting big moves in coming sessions...of course nothing goes up straight and nothing goes down forever in stock market!

Here is my new Medical Marjuana pick for today, 03/21 -On March 14, 2014, MJMD MediJane Holdings Inc entered into a License Agreement with Phoenix Bio Pharmaceuticals Corporation (“Phoenix Bio Pharm”).

Pursuant to the License Agreement, Phoenix Bio Pharm has granted to the Company an exclusive license for the territory of North America to exploit all presently owned and after-acquired intellectual property rights and know-how of Phoenix Bio Pharm related to certain medical cannabis  products and delivery systems for the treatment and management of illnesses. Products falling under the license will include the following medicinal cannabis products: transdermal patches, orally administered extracts, concentrated extracts for vaporisers and inhalers, sublingual and buccal dispensing products and extraction technology, suppository delivery systems, salves, creams, gels, lotions, and liquid extracts, and any products or active ingredients sources through Phoenix Bio Pharm affiliates or third party suppliers or licensors.

The Company will also have the right to sublicense the rights acquired pursuant to the License Agreement and to use and develop copyrighted materials of Phoenix Bio Pharm for marketing and distribution purposes.

In consideration of the acquired license, the Company issued 26,000,000 shares of its common stock to Phoenix Bio Pharm. These shares were issued pursuant to an exemption from registration relying on the exemption from registration provided for under Rule 506 of Regulation D, promulgated under the United States Securities Act of 1933, as amended.

According to Yahoo Finance the float of this stock is 18 Million which is considered very small compared to other stocks that newly entered this space. Of course stocks like ZDPY SXLP are exceptions when it comes share structure.

My Personal Target on MJMD is $2.50 - $3.50! This is a OTC stock with High Risk and High Reward possibility. I don't recommend if you are new to trading and someone who can't monitor its price action..I am long this stock at $1.40 average price with downside stop at $1 and upside PT of $2.50 - $3.50

A general Caution and Advise - As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. Do your due dilligence before investing or speculating. Start with a small position, always keep your stop losses in place and emotions out. If you are profiting from a trade then always ring the register. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!

2 comments:

  1. Hi Incredible...whats your timeline on this pick? Are weed stocks over ?

    ReplyDelete
  2. Hey Mr. Incredible, are you interested in an influencer opportunity? We are paying day traders to try out our new in-app trading technology on twitter. Pass us your email or email henry@trade.it for more information!

    ReplyDelete

Who is Mr.Incredible?

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New Jersey, United States
Mr.Incredible is a Momentum/Technical Breakout player who trades small/micro cap plays and who saw a 600% Growth since 2006, Yes even in this down market. I am going to post my real trades (including profits/losses) soon...As a general caution and advice Please start with a small position and always keep your stop losses in place just in case....As usual Do your DD before investing. Thank me for your profits and don't blame me for your losses because you are the one who pulled the trigger!!!