{"id":4326,"date":"2014-04-08T13:13:36","date_gmt":"2014-04-08T13:13:36","guid":{"rendered":"\/?p=4326"},"modified":"2014-04-08T13:13:47","modified_gmt":"2014-04-08T13:13:47","slug":"monday-in-the-red-for-mcig-inc-otcbbmcig","status":"publish","type":"post","link":"\/articles\/monday-in-the-red-for-mcig-inc-otcbbmcig\/","title":{"rendered":"Monday in the Red for mCig, Inc. (OTCBB:MCIG)"},"content":{"rendered":"

It is not unusual for mCig, Inc. (OTCMKTS:MCIG<\/a>) to stage one of those minor downward trends, but this time, the pessimism looks a bit deeper. The otherwise stable climber slid down at the end of past week, and on Monday went on to lose 5% to $0.599. Selling was also unusually high, as the pressures increased and made investors shed shares worth more than $5.92 million. \"MCIG0408.png\" <\/p>\n

It is even stranger that despite the positive news, a lot of marijuana stocks show a tiredness and are slow to react with renewed buying. In the case of MCIG<\/a>, the company boosted its publicity with a presentation of its e-cigarette product. The presentation for investors was posted on April 1st. \"VAPR0408.png\"<\/p>\n

And on Monday, a mainstream mention on CNN web TV was supposed to act in the positive- but perhaps only limited the slide. MCIG<\/a> remains a part of the marijuana index, with a 2.73% weight, but the trading marker has been sinking, showing the general trend among previously bubbly companies.<\/p>\n

In essence, the MCIG<\/a> presentation serves as a self-promotion, and we have to wait and see if the e-cig company manages to recover as the new week is still young. Investors’ forums show readiness for optimism, so MCIG<\/a> could still turn the tides to net buying and another climb in price. But the dollar levels did not come so easily, despite the solid business model.<\/p>\n

MCIG<\/a> is clearly ahead of smaller producers of electronic cigarettes, at least when it comes to the financial results:<\/p>\n