{"id":3867,"date":"2014-02-12T13:15:18","date_gmt":"2014-02-12T13:15:18","guid":{"rendered":"\/?p=3867"},"modified":"2014-02-12T13:15:20","modified_gmt":"2014-02-12T13:15:20","slug":"latteno-food-corp-otcmktslatf-slides-back-a-quarter-despite-pr-promises","status":"publish","type":"post","link":"\/articles\/latteno-food-corp-otcmktslatf-slides-back-a-quarter-despite-pr-promises\/","title":{"rendered":"Latteno Food Corp. (OTCMKTS:LATF) Slides Back a Quarter Despite PR Promises"},"content":{"rendered":"

Latteno Food Corp. (OTCMKTS:LATF<\/a>) is facing a strange weakness any time it approaches the one-cent level. Other companies of the marijuana sector were taken to higher positions, but not this one- a staple to investors, LATF<\/a> has been taken up only to slide back on profit-taking. On Tuesday, LATF<\/a> lost more than 25% to $0.0058, on rather active selling of $4.23 million. The good news is that LATF<\/a> is having good volumes every day and offers an opportunity to get in and out of the position. \"LATF1202.png\" <\/p>\n

The bad news is that the inability to vault the one-cent levels means investors have low expectations and LATF<\/a> is used for short-term flipping, within the frame of a few days.\"REVI1202.png\"<\/p>\n

True, LATF<\/a> has been patchier with its press releases, but even after a new announcement, the ticker did not respond with strengthening. LATF<\/a> announced that it already designed the packaging for its next cannabis edible, a jello-based product named NullFlam. LATF<\/a> already plans a wide range of edibles, so this news hardly ignited interest- especially as LATF<\/a> still has to show an improvement in its financial results.<\/p>\n

Investors’ forums expect more news, as well as an overview of real sales of marijuana edibles already two months into a liberalized marijuana market in the state of Colorado. Still, right now LATF<\/a> is caught in a general moodiness of pot stocks, as most are drawing backward, following a FINRA warning letter that too many stock scams flourished among the rise of legitimate cannabis sellers or growers. Also, investors note that LATF<\/a> is pressured by short selling, and this might mean a demand for new shares to cover the short positions.<\/p>\n

Still, LATF<\/a> is in the optimal cross section of an underpriced stock that often delivers amazing daily surprises, and a long-term mover among the most active cannabis stocks. Other, newer selections cannot boast with such a record, as in the past week several names rose to prominence, only to slide back rapidly.<\/p>\n

One of the fast movers was Resource Ventures, Inc. (OTCMKTS:REVI<\/a>), renowned for its blatant revelation that it was getting into the cannabis business to benefit from the extreme demand for new stock offers. REVI<\/a> grew by 800% on its most successful days, but since then lost almost 50% of its value.<\/p>\n

The other disaster was Health Sciences Group, Inc. (OTCMKTS:HESG<\/a>), another shady company with a dismal share structure, that nevertheless gained the attention of investors and staged an awesome drama, all at triple-zero prices. HESG<\/a> reached $0.0008 on a sudden spike in volumes, but is now back at $0.004.<\/p>\n

If you still like the exposure to LATF<\/a> for its clear-cut business plan and the ability to soon deliver products, keep in mind that the sales results are still awaited, and that LATF<\/a> is at risk for volatility. Avoid picking up LATF<\/a> unless you can afford setbacks like the one this Wednesday, or deeper.<\/p>\n","protected":false},"excerpt":{"rendered":"

Latteno Food Corp. (OTCMKTS:LATF) is facing a strange weakness any time it approaches the one-cent level. Other companies of the marijuana sector were taken to higher positions, but not this one- a staple to...<\/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":[584,540,23],"class_list":["post-3867","post","type-post","status-publish","format-standard","hentry","category-news","tag-hesg","tag-latf","tag-revi"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3867","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=3867"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3867\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}