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.