Has the 2nd Rally Begun for GrowBLOX Sciences Inc.?
July 22 2014 - 9:10AM
InvestorsHub NewsWire
Has the 2nd Rally
Begun?
Breaking News Says It’s
Likely
June 22 /IHNW/ Has breaking news
sparked another major rally in GrowBLOX Sciences Inc. (GBLX)?
When we first labeled GBLX as our #1 Medical MJ Company back in
May, we saw a 249% gain from $1.00 up to $3.49 in less than two
weeks. After a recent pullback, GBLX looks to be setting up for
another big rally as the investment community is taking notice of
several strong press releases recently issued by the company. In
just the past two days, GBLX has gained a solid 29% after testing
support at $1.00. Could this be the beginning of another triple
digit rally? Well, on July 21st, GBLX was the single
highest gainer of all the MJ stocks. And to top things off, the
intraday volume was 70% higher than the average 3 month volume.
These are technical indicators that could be screaming
breakout!
Just have a look at this
chart:
GBLX has held $1.00 support for
months and has no bounced off that level gaining 29% in just two
days while volume is beginning to increase. At the same time, a
downtrend resistance line is in place and a break above that line
could ignite another huge rally that could result in triple digit
gains.
Did Someone Say Short
Squeeze?
Over the past couple months GBLX has
been shorted heavily as short traders are blindly shorting almost
every MJ stock in hopes that it is the next SEC halt. Well, those
traders haven’t done their research very well because recent this
company is a real as it gets with press releases showing a very
bright future, and I mean near future. With the
support level holding strong and the company issuing breaking news,
short traders may be caught with their pants down as a break above
the downtrend resistance line could ignite a massive short squeeze
sending GBLX screaming to levels seen in late May.
There’s nothing short traders hate
more than increase volume to the upside and ground-breaking press
releases. Well, that’s exactly what GBLX has given them the last
two trading days.
Friday, July 18, 2014 at
2:31pm EST: GrowBLOX
Sciences, Inc. announces that they are applying for a Medical MJ
dispensary and cultivation license in Illinois. GBLX went from
$1.03 to a high of $1.20 after the released hit the
wire.
Monday, July 22, 2014 at
7amEST: GrowBLOX
Sciences, Inc. CEO Craig Ellins announced key updates on corporate
developments and explained the company’s recent amazing progress.
This release was accepted extremely well by the investment
community as GBLX hit a high of $1.31 and closed at
$1.29.
As you can see, GBLX seems to shoot
higher with each positive press release to hit the wire. This is
common activity typically seen before a short squeeze. Add a solid
support level holding firm and short traders could soon be making a
mad dash for the hills. Even Seeking Alpha contributors are
publishing articles mentioning GrowBLOX Sciences, Inc. as a bargain
at current price levels and MJ equity analyst Alan Brochstein has a
Bullish call on GBLX. It seems like all the stars are aligning for
what could be another huge rally for GBLX.
Did you miss GBLX when we first
alerted it? Were you watching it go from $1.00 to $3.49? Then,
don’t let that happen again! Have GBLX on your radar at all times.
This could be the early stages of a multi-day run so act fast. A
break above that resistance downtrend line could mean smooth
sailing and clear skies for GrowBLOX Sciences, Inc., especially if
they continue to issue ground-breaking press releases like they
have been.
Let’s recap. In the past
couple months, GrowBLOX Sciences, Inc. has:
- Announced Insider
Buying.
Entered the Florida Medical MJ
Market.
Applied for a Dispensary and
Cultivation License in Illinois.
Received a Special Use Permit for a
Dispensary and a Cultivation Facility in Nevada.
Secured a Letter of Intent with First
Security Bank of Nevada.
Received a Bullish Call from an MJ
Equity Analyst.
What other MJ company can say they
have achieved this much? None! GBLX has achieved more in a couple
months than some others have in years. This company seems to be on
the fast track to industry leadership and short traders are going
to wish they stayed away.
Pull up GBLX now and don’t take your
eyes off it. The current price point could end up being an absolute
steal. This could be the beginning of another rally and we don’t
want you to miss it. Stay tuned as we will continue to update you
on corporate and industry news.
Pursuant to an agreement between us
and SIGNATURE EXPLORATION AND PRODUCTION, we were hired for a 3
month period beginning on 5/23/14 and ending on 8/15/14 to publicly
disseminate information about GrowBLOX Sciences., including on the
Website and other media including Facebook and Twitter. We were
paid $500,000 for or were paid zero shares of unrestricted or
restricted common shares. We own zero shares of GrowBLOX Sciences.,
which we purchased in the open market. We plan to sell the shares
of GrowBLOX Sciences. that we hold during the time the Website
and/or Facebook and Twitter Information recommends that investors
or visitors to the website purchase without further notice to you.
We may buy or sell additional shares of GrowBLOX Sciences. in the
open market at any time, including before, during or after the
Website and Information, provide public dissemination of favorable
Information about GrowBLOX Sciences.
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