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Alan Brochstein, CFA
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Alan Brochstein, CFA has worked in the securities industry since 1986. He founded AB Analytical Services ( in 2007 in order to provide independent research and consulting to registered investment advisors. In addition to advising several different hedge funds and investment... More
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  • The Daily Dab: A Quick Hit On Cannabis Stocks 12/04/13 5 comments

    The Daily Dab: A Quick Hit On Cannabis Stocks 12/04/13

    Cannabis stocks were mainly under pressure today, with some profit-taking hitting a couple of names that had jumped higher yesterday and the correction continuing in GW Pharma (NASDAQ:GWPH) since almost touching $40 last week:

    (click to enlarge)

    FusionPharm (OTC:FSPM), Medical Cannabis Payment Solutions (OTCPK:REFG), MediSwipe (MWIP) and Endexx (OTCPK:EDXC) all moved higher by 5% or more, but the volume was well below average on each of them (and pretty tiny too). On the downside, mCig (OTCQB:MCIG), Advanced Cannabis Solutions (OTCQB:CANN), Cannabis Sciences (OTCPK:CBIS) and Medbox (MDBX) all declined more than 5%. Volume was heavy on CBIS, MDBX, and MCIG.

    GWPH traded almost $3.5mm in volume, 6X that of Medical Marijuana, Inc. (OTCPK:MJNA) as the stock continued its correction after spiking to almost $40 a week ago following the initiation by Piper Jaffray with a $73 target. The company presented this morning at their investor conference.

    Two big winners yesterday, MCIG and Terra Tech (OTCQX:TRTC), gave up some of their gains, both on heavier-than-normal volume. TRTC CEO Derek Peterson will be sharing details about his company on a live webinar (free registration) on December 18th. TRTC soared yesterday after the company announced an organic produce collaboration.

    The Daily Dab is brought to you by 420 Investor, a large and rapidly growing community of Green Rush investors seeking to capitalize on cannabis. To learn more about the sector, download your free guide.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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Comments (5)
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  • bzl14
    , contributor
    Comments (137) | Send Message
    are you going to publish your year end beat up stock list this year? Last year's was GREAT! Thanks in advance. bzl14
    5 Dec 2013, 11:32 AM Reply Like
  • Alan Brochstein, CFA
    , contributor
    Comments (7930) | Send Message
    Author’s reply » I am not. I am sorry, but it won't get enough views to justify my investment of time.
    5 Dec 2013, 11:47 AM Reply Like
  • bzl14
    , contributor
    Comments (137) | Send Message
    Sorry to hear it. Last year's list did amazingly well. All the best, bzl14
    6 Dec 2013, 03:04 PM Reply Like
  • Alan Brochstein, CFA
    , contributor
    Comments (7930) | Send Message
    Author’s reply » Yeah, it's unfortunate, but there just is very little interest in those articles (though they seem to be be a great source of ideas for a proven strategy).
    6 Dec 2013, 03:29 PM Reply Like
  • bzl14
    , contributor
    Comments (137) | Send Message
    Can't agree more. Thanks again, bzl14
    7 Dec 2013, 09:01 AM Reply Like
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