Today was simply an epic trading session for the penny stock of mCig, Inc. (MCIG). Shorts were smoked out of their holes as long investors saw 1,887% gains from our text alerts on MCIG stock, while newer investors are simply bidding their time to collect their VitaCig, Inc. share dividend. With plans of being the first marijuana company to abandon the OTC and uplist to NASDAQ Capital Market or NYSE Euronext MKT, LLC, the anticipation of that $1 print due to come is closing in and we were here to call it first.
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MCIG Stock Quote
Market Cap: 217.42M
Last: 0.805 ▲ +0.153 (+23.47%)
Volume: 21,488,114
Dollar Volume: $15,735,751
Open: 0.6627
High: 0.809
Low: 0.66
Trades: 6,231
Authorized: 560,000,000
Issued and Outstanding: 270,090,000
14-Day Rel Strength: 87.92%
1st Resistance Point: 0.856
1st Support Level: 0.707
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Today’s rally came on the heels of Washington State having issued its first recreational cannabis license which all but paves the path for retail marijuana sales to begin within the next couple of months. mCig’s approach to the industry with their eCig product line all but guarantees them to be a success even if Washington State and Colorado are the only 2 states that adopt recreational marijuana sales.
Those 2 states alone offer a market valued at roughly $1.5 Billion and is expected to grow to $6.0 Billion by 2018. The acquisition of VitaCig opens even more doors for the Company according to Wells Fargo analyst Bonnie Herzog who estimates that eCig sales may rise from $1 Billion in 2013 to $10 billion over the next three years.
Although initial results of how well mCig sales have increased (if they have even commenced) won’t be verifiable until the Company reports their financial reports for the 3 months ended January 31, 2014, the rally for MCIG stock is likely to continue through March and well into April. Have you not seen what mCig is all about?
The day we loaded that video onto our YouTube channel, MCIG stock opened at 0.115, ran to 0.26 and closed at 0.16. Even though it slid until early November to as low as 0.068, our text alerts that went out to subscribers on MCIG at 0.0405 prior to their ticker symbol change from LTCH has proven to be the earliest notification on this soon to be 20X bagger.
MCIG : 1,887% Gains (so far)! Are you signed up for our text alerts?
About MCIG Stock
mCig, Inc. is a development stage technology company positioned and focused on two long-term secular trends sweeping the globe: (1) the decriminalization and legalization of marijuana for medicinal or recreational purposes and (2) the adoption of electronic vaporizing cigarettes (commonly known as “eCigs”) by the world’s 1.2 Billion smokers.
Click here to view the SEC filings for MCIG.
Click here to view the website for mCig.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 03/06/14 | 0.6670 | 0.8090 | 0.6600 | 0.8050 | +0.1530 | +23.47% | 21,444,600 |
| 03/05/14 | 0.5325 | 0.6550 | 0.5265 | 0.6520 | +0.1260 | +23.95% | 8,622,500 |
| 03/04/14 | 0.5515 | 0.5550 | 0.4900 | 0.5260 | -0.0145 | -2.68% | 6,233,500 |
| 03/03/14 | 0.4920 | 0.5470 | 0.4700 | 0.5405 | +0.0815 | +17.76% | 9,252,800 |
| 02/28/14 | 0.4285 | 0.5020 | 0.4270 | 0.4590 | +0.0320 | +7.49% | 15,402,600 |
Bottom Line:
MCIG ended the trading session as the 5th most traded penny stock on the OTC. The 4 stocks that had more trades executed were #1 FNMA (called that one at 0.32: 1,667%), #2 PHOT (called that one at 0.04: 876%), #3 FMCC (called that one at 0.32: 1,553%) and CANN. Seriously, can you find a penny stock picker better than us?
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