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Hi Everyone & Welcome New Subscribers,
Wow! What a day, what else can be said. Not only did broader markets trade with big upside, we saw huge gains from our call on MDBX (Medbox, Inc.) last night to the tune of more than 86% today.
MDBX (Medbox, Inc.) also traded up with it’s largest volume on record, with more than 20 million shares exchanging hands, more than 1/5th of the entire listed authorized capital of 100 million, and was boosted higher by extremely positive news this morning that the company’s founder and largest shareholder would be retiring a large amount of shares.
Read the entire press release, HERE, and keep MDBX on top of your radar again tomorrow.
We might just see our double into early tomorrow like we did with TBEV last week.
It’s possible other marijuana names may catch a boost off of MDBX‘s positive move, but as witnessed with CBIS last week, the moves seem to be news specific. When the news is good, the names are responding well, otherwise investors are leaving them to the wolves; the moves yet to be sector wide, we will update if something changes.
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