Alternative Energy Partners Inc. (OTCQB: AEGY), a Florida company that legally sells medical marijuana to patients online, has become one of the most active stocks in this sector.
On Jan. 15, 2014, the company's share volume soared to a frenetic volume of 174,497,457 shares, more than double its daily average of 78,834,973. One reason for this sudden surge could be the fact that many state legislatures such as Maryland and New Hampshire are going into session with lawmakers who have already introduced bills to legalize the use of marijuana. Meanwhile, other states such as New York are for the first time considering the legalization of cannabis for medical purposes.
Ever since lawmakers saw scenes of lines stretching around the block with people waiting to buy marijuana once it was legalized in Colorado, many of them have come to believe that the potential tax revenue legalization would bring to state coffers far outweighs any negatives of the plant.
This quiet but strong change of minds among legislators is making investors take a look at companies such as Alternative Energy Partners as potential ground-floor opportunities. In truth, some analysts content that as more states approve the sale of marijuana, Alternative Energy Partners and other companies in this niche will already have a foothold in the marketplace.
AEGY shares closed at 0.001 cents on Jan. 15, 2014, down 16.67 % from its closing price of 0.0012 the previous day.
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Another company with its volume of shares hitting the Stratosphere is Growlife Inc. (OTCBB:PHOT), a California company that sells its own hydroponic and lighting equipment to those approved to grow legal medical marijuana.
On Jan. 15, the company's share volume hit 49,119,602, which is almost double its robust daily average of 26,540,896. PHOT shares closed at 0.258 cents, down 8.19% from its closing price of 0.258 cents the previous day.
Find out what could be the best investor's move when it comes to PHOT by getting the complete report here, or by cutting and pasting the following link in your Web browser:
In the mortgage sector, Fannie Mae (OTC Bulletin Board: FNMA) shares has been very active. The government-sponsored enterprise, charged with stabilizing the secondary mortgage market, traded 8,850,370 shares Jan. 15, 2014. This volume is much higher than Fannie Mae’s daily average of 2,887,376 over the last three months.
In part, this could be due to Fannie Mae's optimistic outlook for the housing market in 2014 as summed up in a Jan. 13 statement by its Chief Economist Doug Duncan. "Despite the rise in mortgage rates since the spring, many housing indicators posted strong gains at the end of 2013 and consumer housing attitudes are strengthening, all of which bodes well for continued but measured housing recovery in 2014," Duncan said in a written statement.
FNMA shares closed at $3.13, up 0.32% from its closing price of $3.12 the previous day.
Find out what could be the best investor's move when it comes to FNMA by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Growing optimism about the housing sector, triggered by rebounding home sales, could be a factor sparking a strong uptick in share volume for Real Estate Contacts Inc. (OTCQB: REAC), a Florida company that provides a sophisticated online platform for real estate agents to show their local properties via professional video tours. The Florida-based company's stock volume soared to 126,239,434 shares on Jan. 15, far higher than its 3-month daily average of 35,893,654.
This comes on the heels of Real Estate Contacts announcement of a redesign of its online platform and a plan to improve its search engine results in volume and quality.
REAC stock closed at 0.0003 cents a share on Jan. 15, unchanged from the previous day.
Find out what could be the best investor's move when it comes to REAC by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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