Newsletter
| Promoter: | Penny Stock General | Paying Party: | UNKNOWN |
| Stocks covered: | Compensation: | Avg $ Volume for Period: |
| WDRP | $2000 | UNKNOWN |
| Max Profit: 44.00 % | Gain at close: 0.00 % | |
| *We think that this promoter is a part of a group of promoters. | ||
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Traders,
First of all, my apologies for today's alert. I know most of you are active traders, and the spread was almost 100%, just too big to trade. I also heard from members that a couple of large brokers did not allow the trading in it. So instead let's turn our attention to a proven winner. We've profiled Wanderport Corp (WDRP) many times in recent months, and its been a nice trader - gaining double digits on several occasions. Now WDRP is trading on bullish technical's, has pulled back to long term support and has massive buying support right at its current price. WDRP made a big move higher a few months ago, and it has since pulled back to long term support. Now it is consolidating nicely here waiting for another leg higher. Based on the support / resistance levels I see, I believe WDRP could be an excellent risk v reward trade at these levels. And WDRP is relatively liquid with a tight level 2 spread. We are also expecting some news from WDRP tomorrow. The company doesn't release news often, but when it does it's usually a catalyst for strong volume. That's exactly what we expect tomorrow. For those fundamentally focused traders out there, here is some background info on WDRP... WDRP does business in the ever so hot cannabis sector. Specifically, WDRP is an investment holding and incubator company with primary focus on consumer products and services and the emerging cannabis industry. Green Organic Holdings, a wholly owned subsidiary of Wanderport, is CannaLife's exclusive master distributor for the state of Nevada and a general distributor for California. They also distribute their flagship product Canna Energy, a hemp infused beverage, in the state of Washington, Oregon and Colorado. Recently WDRP announced they had signed the Asset Purchase Agreement to acquire key assets of CannaLife's primary distributor, Titan Distributing. Subsequent to the Letter of Intent, the parties agreed to change the transaction from an equity purchase to an asset purchase. Under the terms of the agreement, the Company will not assume any liabilities and will receive:
You can read more about WDRP on their website www.wanderportcorp.com To summarize, we think WDRP could be a very favorable risk v reward trade in the short term with tremendous upside potential. Please do your own due diligence now and be ready to trade at the opening bell. The Team www.FastMoneyAlerts.com Get our alerts faster, follow us on Twitter @fastmoneyalerts |
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