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My "The End of Prohibition" Marijuana Bandwagon Alert is NGMC - Next Generation Energy 

On Friday March 7th, NGMC announced a complete change in its Business Plan...and its entrance into the Marijuana Sector.  I HAD to put this one in front of you.  How could I not give you the newest entrant into the marijuana business? 

The stock exploded for a 600% gain on the news and delivered a beautiful THREE DAY RALLY!

After the major rally, NGMC sort of consolidated and traded sideways for a few days, and then started to pull back.  It pulled back for a few days but only a moderate amount.  Enough to give a better entry point, but not enough to look like real weakness.  Last Friday NGMC closed up 43%...at the high of the day!

That is a big enough gain to get a lot of attention, and spark some serious momentum.  Let's SPARK that momentum up!!!  No pun intended, it truly does not take much to get these marijuana plays to catch on fire.

A MONSTER burst of awareness that's happening as we speak...may just be enough to do the trick. 

The only thing needed to create a MASSIVE move when you get a sudden burst of awareness, is the right share structure.  Well, NGMC has a share price of under .05, and a MarketCap of only $6.29 million!

Check out the chart for NGMC:

 

You can see how excellent a performance NGMC provided for traders right after they entered the exciting marijuana business, a big mega-gain and a MULTI DAY rally at that.

NGMC Is On The Top Tier OTCQB Of Marijuana Companies, which Is The Highest Level A Company Can Attain On The OTC Exchange.  Many other marijuana companies trade on the Pinksheets, which is a lower ranking. 

NGMC’s float is insanely small for an mj stock, especialy when compared to many others trading many, MANY Times Higher!

Basically, NGMC is doing what several other companies have had a LOT of success doing. 

Various OTC Companies out there have taken notice that a once in a decade or two event is taking place, and they want to be a part of it.  Marijuana tickers are flying off the shelves, and tearing up the charts. It seems like...EVERY small public company wants to switch their business model to marijuana!  They know that the moment they do, they will be thrust into the spotlight and could receive tremendous injections of cash from rabid investors and traders scooping up stock.  This is causing marijuana tickers to breakout to dizzying highs, the likes of which have NEVER been seen before.

So NGMC is doing the savvy thing, and jumping on the bandwagon.

Now that all of a sudden they're in the marijuana space, they're the most in-focus stock in town!

Their recent press release will explain it best, take a read below:


News - March 7, 2014 -- Next Generation Energy Corp. (NGMC), a holding company specializing in oil and natural gas assets, today announced that the Board of Directors has approved a plan to redirect resources and to focus its core business on the fast growing medical marijuana industry.

The Company plans to focus on the acquisition of retail and cultivation licenses throughout North America, as well as the development of a national brand.

"NextGen isn't just another company entering the Medical Marijuana industry, which has proven to be very exciting for investors in recent months," stated Darryl Reed, CEO. "We are undertaking a very sophisticated business plan that has been in development over the last five years.

As more states are legalizing marijuana and there is significantly more discussion on the use of marijuana for medical purposes, we are convinced that now is the time to launch our very aggressive platform."

Initial operations are scheduled to begin in Los Angeles County, California. "Our turn-key DMS services will include real estate management, marketing, product training, staffing, sales training, facilities management, security systems to include armed guards, video surveillance, loss prevention systems, and a full suite of cloud based IT solutions to manage all aspects of the supply chain from seed to sale.

We recognize the significant growth opportunities in the medical marijuana industry and are aggressively seeking to capitalize on these opportunities as the sector continues to evolve," Mr. Reed said.

Oh...looks like they're *NOT* just jumping on the bandwagon.  They've been, uhh...planning this all along.  FIVE years as a matter of fact!  Okay, maybe Darryl Reed is stretching the truth a little (a lot) with that statement.  But what's the guy supposed to say, "Yes, we thought our stock would probably go a lot higher if we suddenly became a marijuana company."?? 

The truth is, marijuana seems to be causing every small stock it touches to go bananas!  My last marijuana stock alert didn't even seem to benefit much from the current and possibly future legalization, yet it went on a multi day triple digit insane run...the same as if it did.  It's incredible, and it's hard to blame any company for wanting to get in on the action.

And the truth is, their shareholders WILL benefit if NGMC skyrockets due to this new marijuana business focus.

However, as I said in my preview email...NGMC is flying high, running on momentum, and therefore should be traded with caution and watched VERY closely to ensure momentum remains strong.  (Be sure to watch for gaps too!)

*** Be sure to trade with caution and to verify all information for yourself before trading.  Do your own research and consult with a licensed professional before trading any alert.  You may easily lose your entire investment.  In my personal opinion, the vast majority of companies alerted in this newsletter are too risky for traditional investment, and are discussed here purely from a short-term/daytrading perspective.  All traders should have substantial experience before engaging in the exceptionally risky process that is trading small, micro and nano-cap equities. ***

Despite the risks, marijuana has been the hottest thing on the street, and has the potential to propel any stock

Now that NGMC has entered the hottest market around, we could be in for some explosive fireworks.

We've already seen NGMC rocket 600% after announcing their entry into the marijuana business!  Now NGMC has pulled back, recharged, and now has picked up momentum.  ANYTHING could happen next!

NGMC is the newest marijuana stock to get discovered.  The discovery seems to be just beginning, so keep an eye on it, things could get out of control in the near future!

DPS - Darth Trader

www.dailypennystocks.com

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