If you were one of those traders who wasn’t stoned when we issued our alert on Hemp Inc. (HEMP) on September 6th, you’re smoking now with 587% gains. Yes it took a month for HEMP stock to take off based on fluff PR’s and the misconception that either Obama or Romney may legalize medical marijuana after the upcoming election. Yet if the trend continues on the penny stock, it could very well outperform our January pick of Cannabis Science (CBIS) which gained 1,100% after our alert.
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HEMP Stock Chart
Market Cap: 64.89M
Last: 0.084, up 0.026 (44.83%)
Volume: 3,317,891
Dollar Volume: $263,727
High: 0.09
Low: 0.061
Trades: 248
Average Trade Size: 13,378
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HEMP up 587% – We now how to pick ’em.
About HEMP Stock
Hemp, Inc., focused on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry, seeks to benefit many constituencies, not exploit or endanger any group of them.
Bruce Perlowin, the Company CEO, is also the original founder of Medical Marijuana, Inc. (MJNA).
Bottom Line: HEMP is one of the hottest penny stocks in the market right now, second only to another alert we issued in September: Titan Iron Ore Corp. (TFER). HEMP Stock is going to break a dime soon and when it does, the level of trading volume could explode. Keep a close eye on the Level 2 screens since all of this momentum is on a pink sheet stock with over 781 million shares outstanding.
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