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  • ERBB Marijuana Stock Up 50% From Last Week, Big Upside From Here.  3 comments
    Apr 11, 2013 6:56 PM | about stocks: ERBB

    I've been watching the marijuana sector for a few years now and I have become a strong advocate for the business of legalizing marijuana. Since then 2 states have legalized marijuana for recreational use and the country is quickly legalizing medical marijuana state by state. If there was ever a business to get into this is it.

    ERBB has bounced up 50% from last week, and ran up almost 1,000% from its' low last year to its' high this year. The charts are inspiring and have led me to believe there is room for new highs to be broken this quarter, possibly even this month.

    A few penny stock promoters released an e-mail regarding ERBB, the next morning it had an after hour gap of over 20% with news that they were completing development of their new product the "green machine"; a marijuana distribution machine. 350+ million volume followed the news that day as well as the price rising an additional 10%+.

    Today we have had a breather with the stock price dropping, still up 50% from its' lowest price last week; volume was 100 million. I think the strength the price has shown is reason to believe this run is not over, and if you check the charts this same pattern emerged before ERBB ran from .005 to .015 last month. I expect many short - sellers have covered their positions and have been re-loading positions in the .005-.008 range. There is a strong chance we continue to run next week.

    I think ERBB will become a major distribution company in the future, considering the market cap is still very small at the moment I think there is great potential and reason for investing and trading this company.

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Comments (3)
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  • Very good article. Plain and simple. May be possible to write up about their plan about marijuana vending machine? Thanks.
    11 Apr 2013, 08:57 PM Reply Like
  • Marijuana Vending Machines May Be Coming To California

     

    http://huff.to/121pPkx
    11 Apr 2013, 09:03 PM Reply Like
  • Author’s reply » Sure thing, I will update this article with news and opinions as I see fit. News on the vending machine is not out yet, I will put my thoughts down about the product when it is released. I personally am not entirely sold on the marijuana vending machine concept; I just don't see the potential for huge revenues when it's hardly more convenient than a direct distributor. But on the other hand ERBB mentioned they will be filling the machines with their own product and there is more to their concept than simply buying a strain of marijuana as you would a brand of drink in a vending machine. So if ERBB's product has the ability to circumvent legal inconveniences then it could be a big hit. Other competition will have trouble competing due to ERBB's already established marijuana distribution network they call "dividend farming".

     

    As for now the stock is down, accumulation and heavy shorts have attributed to the consolidation at cheaper prices.

     

    I think Monday will give traders the signal whether it is a buy for the week, or if ERBB will need next week to accumulate as well. I have expectations for a bounce next week, mostly due to all the volume we've seen this week. If shares are in new hands and strong hands are re-loading positions we should break out early next week.
    13 Apr 2013, 01:28 AM Reply Like
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