{"id":5703,"date":"2015-05-21T14:12:07","date_gmt":"2015-05-21T14:12:07","guid":{"rendered":"\/?p=5703"},"modified":"2015-05-21T14:39:23","modified_gmt":"2015-05-21T14:39:23","slug":"hemp-inc-otcmktshemp-deflates-again","status":"publish","type":"post","link":"\/articles\/hemp-inc-otcmktshemp-deflates-again\/","title":{"rendered":"Hemp, Inc. (OTCMKTS:HEMP) Deflates Again"},"content":{"rendered":"\n

The new year has not been particularly favorable for the stock of Hemp, Inc. (OTCMKTS:HEMP<\/a>). The stock hit its latest 52-week low in late April and bounced from that, to level out around $0.02 per share. On Monday it almost seemed that HEMP<\/a> was primed for a proper ride up the charts. It turned out that it was just a single-day pop, most likely triggered by factors external to the company and its operations.<\/p>\n

On Monday HEMP<\/a> started slow out of the gates but soared near noon and hit a close 18% up by the bell. With no new PR on that day and no new filings, it makes sense to look for the trigger elsewhere. In this case, it seems HEMP<\/a> piggy-backed on the green spike of another OTC pot stock.<\/p>\n

Medical Marijuana, Inc. (OTCMKTS:MJNA<\/a>) announced receiving government approval from Brazil for the import of MJNA<\/a>‘s Real Scientific Hemp Oil as prescription medication. As it has happened many times in the past, when a single pot stock pulls ahead dramatically, a few more follow simply because they operate in a very general, nebulous cloud of sameness. The case with HEMP<\/a>‘s Monday spike is more or less another instance of this.<\/p>\n

Looking at intra-day movement, HEMP<\/a>‘s share price took off at nearly the exact same time when MJNA<\/a> started climbing aggressively. Naturally, when a double-digit spike happens on zero materially significant news or filings, a retrace is guaranteed.<\/p>\n

HEMP<\/a> put up a new PR of their own yesterday, after the closing bell. The company announced it will be a sponsor for the HempZone at the Holistic Living Expo in California over the coming weekend. The HempZone will be an ‘interactive area’ for businesses linked with hemp and cannabis.<\/p>\n

It remains to be seen whether this news will manage to push HEMP<\/a> back up the charts.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new year has not been particularly favorable for the stock of Hemp, Inc. (OTCMKTS:HEMP). The stock hit its latest 52-week low in late April and bounced from that, to level out around $0.02...<\/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":[228,8],"class_list":["post-5703","post","type-post","status-publish","format-standard","hentry","category-news","tag-hemp","tag-mjna"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5703","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=5703"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5703\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}