MJ Bounce Play:
JunkieDog.com, Inc.
(symbol: JKDG)
$JKDG INSANE VOLUME TUESDAY HOD .146! MARKET STARTING TO REALIZE THEIR INVOLVEMENT IN THE MARIJUANA SECTOR NEW INDOOR EQUIPMENT!
Have you seen the market for MJ stocks this year? To say the least, these stocks have been on fire with more than “just a handful” seeing gains of 20, 60, even upwards of 2000PCT! CNN has even gone as far as launching a tv series called High Profits to highlight the massive growth that this new industry is starting to see. Entire websites are dedicated solely to following the progress in politics, in business, and in the market…so as we close out the month of April why not focus on a red hot market that’s been showing potential for “bright green” profits in 2015?
Wednesday we’ll be looking at JunkieDog.com, Inc. (JKDG), which has not only seen positive results from the company’s operations but, more importantly, has just begun to build a business within this burgeoning MJ space. Now on top of that, the current market for JKDG looks VERRRYY similar to a lot of the winners we’ve seen already this month, in our opinion: quiet market, bottom levels, and has a proven ability (historically) to jump to much higher levels!
(JKDG) Chart
JKDG has been relatively dormant for the last few weeks…but like our last bottom bounce play, early momentum could be cause to look at this much more closely heading into Wednesday. Early action has been a BIG catalyst with our past winners and after you see how JKDG has historically reacted to early momentum in the past, you’ll start to see why we are looking at this following Tuesday’s close:
As you’ll see above, we weren’t kidding when we said that this has been quiet these last few weeks…no major moves up or down BUT what’s interesting is when JKDG last saw increased activity. Earlier this month it traded ONLY 1M shares and ended up jumping to highs of $0.19. That’s more than 70% north of Tuesday’s close of $0.1101. Pair that with the very hot MJ sector and this could be a possible breakout in the making! Better yet is that JKDG has seen highs this month of $0.27…nearly 150% higher than where it was trading at within the last 24 hours!
This has been the case with many of the winners this month and come Wednesday’s open the scenario of “quiet market”, “proven breakouts”, and “early momentum” could be a potential catalyst for JKDG.
About (JKDG)
Traditionally speaking, JKDG is an online e-commerce marketplace that specializes in manufacturing, product sourcing and global distribution of a wide variety of products. According to the company, JunkieDog.com has relationships and working agreements in North America and abroad, which include manufacturers and major big box retailers that allow JunkieDog.com to have a strong advantage over competitors. JunkieDog.com distributes products through multiple channels including, but not limited to retail e-commerce as well as whole and bulk sales of liquidated merchandise.
But Here’s where it’s starting to get interesting…just a day after "4/20"…The company has also recently jumped into the MJ space. JKDG announced its expansion into the cannabis industry with a new line of indoor growing equipment specialized for the growth of MJ plants. "The cannabis market saw over 1.5 million purchasers last year and continues to grow. Developing equipment for this large audience was an obvious next step for us," stated Roberto Luciano, CEO of JunkieDog.com, "We are very proud of our inventory designed for hydroponic cannabis production and believe that expanding sales within this rapidly growing industry will bring a lot of opportunity and value to the Company."
…Here’s some food for thought; The MJ industry expanded 74% to reach $2.7 billion, making it the fastest growing industry in the United States according to a report by ArcView Market Research. Last year the industry saw 19 states voting on new regulations varying from legal adult use to limited distribution of CBD products. The first time adult use sales in Colorado and Washington represented $230 million in new sales alone. ArcView expects the market to grow another $252 million in 2015 and projects another 14 states to pass the adult use legislation by 2020 making this market one of the most explosive new industries in the country…JKDG has focused on providing the “picks and shovels” to cultivate this new cash crop.
The Bottom Line: (JKDG)
It’s always been the case to “find it early” and with something like JKDG, we believe that this could be the very early stages of development for a company focused on growth. This is both from an internal business perspective as well as with its ability to identify an industry on the verge of seeing explosive expansion.
We’ve gone nearly all month in search of plays that are potentially at bottom and with underlying companies looking to capture profit from industries poised for success. Wednesday our focus is on JKDG as it looks like it could be at the lower level of its price channel, has seen a fairly quiet market, and has proven to be capable of breaking out to much higher prices in mere hours. We’re looking to close out April strong…
$JKDG~ JunkieDog.com Moving even deeper into their MJ Cannabis Industry Product Line http://finance.yahoo.com/news/junkiedog-com-introduces-cannabis-industry-133500671.html? via @YahooFinance
Start Your Research on (JKDG) Now & Be Ready to Trade Wednesday Morning at the 9:30am EST Opening Bell!
(if you so choose)
You and I are a part of something with GREAT potential in JKDG. We will do our part, will you do yours? If you choose to answer YES to the previous question than in our VERY strong opinion our alerts will be a success & by success I mean HEFTY GAINS!
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