{"id":3510,"date":"2014-01-03T15:14:37","date_gmt":"2014-01-03T15:14:37","guid":{"rendered":"\/?p=3510"},"modified":"2014-01-03T15:14:40","modified_gmt":"2014-01-03T15:14:40","slug":"mcig-inc-otcbbmcig-still-indicates-upward-momentum","status":"publish","type":"post","link":"\/articles\/mcig-inc-otcbbmcig-still-indicates-upward-momentum\/","title":{"rendered":"Mcig, Inc. (OTCBB:MCIG) Still Indicates Upward Momentum"},"content":{"rendered":"<p> Mcig, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MCIG\">MCIG<\/a>) seems to be propped by quite an optimism, and the dip from Wednesday led to record buying volumes right on the next day. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MCIG\">MCIG<\/a> grew by 40% to $0.126, as $1.04 million&#8217;s worth of shares was absorbed. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MCIG\">MCIG<\/a> is the new face of the electronic cigarettes sector, enticing for its promise to start releasing its first product soon. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/MCIG0301.png\" border=\"0\" alt=\"MCIG0301.png\" title=\"MCIG0301.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>The ticker still rises without a promotion, boosted by the company&#8217;s own press releases. It is also possible that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MCIG\">MCIG<\/a> has hit on an alternative use of electronic cigarettes- as accessories to the medical and recreational marijuana sector, which would mean that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MCIG\">MCIG<\/a> may move along two lines, that of e-cig producers, and that of freshly popular cannabis stocks. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/HEMP0301.png\" border=\"0\" alt=\"HEMP0301.png\" title=\"HEMP0301.png\" width=\"350\" height=\"156\" \/><\/p>\n<p>Before partaking of any sales boom, the financial statements of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MCIG\">MCIG<\/a> contained:<\/p>\n<ul>\n<li>$13, 809 cash <\/li>\n<\/ul>\n<ul>\n<li>$81,144 total current liabilities <\/li>\n<\/ul>\n<ul>\n<li>$13,180 revenues <\/li>\n<\/ul>\n<ul>\n<li>$19,873 net loss for the quarter to October 31, 2013 <\/li>\n<\/ul>\n<p>Now, we have to wait and see how much true upward potential <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MCIG\">MCIG<\/a> has, and if there would be a trend or sharp reversals. The weekend is usually a watershed of sentiments, and selling often happens right before or after. So far, investors&#8217; forums are incredibly optimistic.<\/p>\n<p>For now, several other climbers show as strong or stronger results, and the medical marijuana sector is having a revival. Among the strongest are Hemp, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=HEMP\">HEMP<\/a>), tripling its price in the past ten days. GreenGro Technologies, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a>) is yet another recent mover, spiking by more than 67% on renewed buying at the start of 2014.<\/p>\n<p>This exuberance may last for a while, yet it is best to avoid investing unaffordable amounts in <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MCIG\">MCIG<\/a> or others, as fast climbers also have a tendency for steep setbacks.<\/p>\n<p>At the same time, Vapor, Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VPCO\">VPCO<\/a>) seems to be going out of fashion, despite the reverse split. The ticker started drifting sideways a bit above $9. Other electronic cigarette tickers also wore out their initial appeal, and went on to drift sideways, as better pickings and promotions offered faster movements.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MCIG\">MCIG<\/a> has not had a press release for a while, and a new reminder may boost the interest and invite new buying. The end of the year, though, was enough of an incentive for some investors to realize profits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mcig, Inc. (OTCBB:MCIG) seems to be propped by quite an optimism, and the dip from Wednesday led to record buying volumes right on the next day. MCIG grew by 40% to $0.126, as $1.04&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[262,228,1179,779],"class_list":["post-3510","post","type-post","status-publish","format-standard","hentry","category-news","tag-grnh","tag-hemp","tag-mcig","tag-vpco"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3510"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3510\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}