Resource Ventures, Inc. (OTCMKTS:REVI) Jumps on Plans to Publish Magazine on Cannabis
It’s curious what still draws investors to Resource Ventures, Inc. (OTCMKTS:REVI), but the ticker went up more than 38% to $0.047, bouncing off after a day of selling on renewed buying that reached $795,000. The new day opened with a new upward move. REVI is still underpriced enough for a more dramatic move, and is ready to bounce at any sign of news.
The curious thing is that REVI has nothing new to show- except to reiterate its agreement with Hemp, Inc. (OTCMKTS:HEMP) in a bit more detail. The two companies plan to print and publish “The Hemp Nation Magazine”, a brochure about medical or recreational marijuana, partially printed on hemp paper.
But even an old-sounding press release did the work to convince investors to come back for more. REVI is a special case in that HEMP will only help with publicity and advice. And REVI will provide printing and packaging services for other marijuana vendors.
Until recently, REVI was also boosted by an email campaign, the last message coming in on February 6th, from Blue Horseshoe Stocks. But the campaign has not been widespread, with only two emails this month offering a tentative support. Investors’ forums usually see REVI as a source of short-term gains, especially after a downward shift, and the activity for now offers enough support.
Now, REVI will have to prove it can hold interest across a weekend. While the pot stock boom continues, and gets stronger, there are days of easier trading and profit-taking, as even companies that made headlines sink into low activity.
It is strange that previously booming Green Gro Technologies, Inc. (OTCMKTS:GRNH) is seeing eve-weakening volumes in the past week, showing that not even the most promising tickers are a staple. GRNH holds on around 45 cents, on buying and selling just a faction of the levels from the better days at the beginning of February.
At the same level, Terra Tech Corp. (OTCBB:TRTC) has also stalled around 45 cents, though still looking like it promises to continue the general upward trend.
REVI is mentioned in investors’ forums along other staples of the sector, such as Latteno Food Corp. (OTCMKTS:LATF) or Creative Edge Nutrition, Inc. (OTCMKTS:FITX). This may mean that interest is ongoing, and that REVI may see better days. Still, while REVI holds onto most of the gains, it has gone through days of painful selling. And until “Hemp Nation” proves its potency, REVI remains a risky bid that should be avoided if you cannot easily afford the downward pull.