Since the start of 2013, shares of the fuel efficient plug-in manufacturer, Echo Automotive Inc. (ECAU), have been on fire, skyrocketing today to total gains of 227% at the close since our initial alert on the penny stock. However, one former penny stock pump and dump we were bearish on in August, Jammin Java Corp. (JAMN), has been stronger and richer for traders after marking its territory at 0.455 on Monday for gains of up to 461% since the start of the year. Put that in your “cup of joe” and smoke it Awesome Penny Stocks!
While ECAU stock is already a clear favorite for many swing traders, long and strong believers of Bob Marley’s son, Rohan Marley, and Marley Coffee are clearly the biggest winners of the two with JAMN stock so far this month after it set a new 52 week high on Monday.
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JAMN Stock Chart
Market Cap: 28.73M
Last: 0.37 ▲ 0.148 (66.67%)
Dollar Volume: $1,184,062
Issued and Outstanding: 77,656,604
14-Day Rel Strength: 90.23%
14-Day Stochastic: 76.52%
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Jammin Java Corp.’s JAMN stock began the year at 0.081 after falling from the 0.20 level back in June, 2012 and flat-line trading between 0.17 and 0.14 for the last three months of the year. Financing deals with some well known toxic financiers made it appear that investing long on JAMN stock would be a catastrophic event. Proof of that came at the end of last year when traders were getting out of the stock sending the share price down to as low as 0.075 on the last trading day in December, 2012.
2013 is a totally different story for JAMN stock. Not only is it up over as much as 461% as of the HOD on Monday, but it also landed itself in an elite group: The Top 10 Penny Stocks Traded on the OTC:
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To counter the risk of TCA Global Masterfund being involved now, Jammin Java has been pumping out some sales of their Marley Coffee blends. For the three and nine months ended September 30, 2012, revenues came in at $536,055 and $1,405,154, respectively, versus $126,786 and $198,483, respectively, for the same periods in 2011. That kind of sales growth will wipe of the blemishes JAMN stock got when it was pumped to $6.35 back in the first half of 2011. (see chart here)
What really put the go-go juice into Marley Coffee this year was when the old adage “seeing is believing” finally came into perspective for investors.
Since the Company joined forces (see here) with AVT Inc. (AVTC), another penny stock which grew wings in the last two months, the ability to cost-effectively get their product into the hands of consumers has benefited the believers.
Consider this: Starbucks Inc. (SBUX) spends more money each year on health care for their employees than they do for coffee beans. With vending machines in place and the Company’s Marley product line about to be featured on In The Kitchen With David on QVC®, JAMN stock could see the half-dollar mark and beyond in the near future after a short pull back from this bullish run its been on for the last 3 weeks.
About JAMN Stock
Jammin Java Corp., dba Marley Coffee, provides sustainably grown, ethically farmed and artisan roasted gourmet coffee through multiple U.S. and international distribution channels, using the Marley Coffee brand name. Click here to view the SEC filings for JAMN.
Last 5 Trading Sessions:
Bottom Line: Who on the planet doesn’t know who Bob Marley is? My 5 year old was singing along to “Buffalo Soldier” the other day in the car as we cruised out of the drive-thru after a “Run to the Border.” The biggest icon in the world along with Che Guevara is some brand recognition that no money can buy. That said, JAMN should always be on your penny stocks to watch radar. We have been watching it and chatting about it with VIP members since the 2nd week of 2013 and, after today’s top 10 landing, the whole penny stock world knows about JAMN stock and could help push it well beyond the 0.50 level in no time.
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