Tuesday, October 20, 2009

High On HESG




Today's late 8-K by HESG should reinvigorate the stock over the next several sessions.  The company has:

"been approached by an undisclosed medical marijuana pharmacy company about forming subsidiary for legal medical distribution."

Investors should take a hit on this new development tomorrow and bring this stock out of its $.0001, $.0002 range.

Now the word of caution.  HESG has 5 billion shares authorized.  This is a hefty number.  This doesn't mean the stock won't run, but be wary that the potential for a share supply increase is great.

Absent dilution there is no reason why HESG can't see $.001 short term.  $.0004 is almost a given.

HESG is a stock to watch as the new story unfolds.

7 comments:

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Nice said...

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CR Realtor said...

I see NXHD on your poll, what your take on NXHD, do you expect it to do anything anytime soon?

Anonymous said...

Stock has yet to move past the .0002 mark, hopefully something is brewing.

Anonymous said...

Guru I think you might have been wrong about this one. The thing is not moving at all.

Robert Wilcox said...

Yes it is tough to seperate the winners from the losers. HESG has fallen but the bounce should come in my opinion

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