MSRT rips 24% higher at the open (must read update)
Published: Thu, 08/24/17
 SMS alerts can make the difference between a profitable trade and a missed opportunity. Text “MOMO” to 555888 to receive our instant, reliable and free SMS alerts. Good morning all, We've had a great start to the day with MSRT surging to $0.52 within minutes of the opening bell - that's 24% higher on the day. We did see a small gap up so realistic possible trading gains sit at around 18-19%. Very nice indeed. And now it has pulled back to around the $0.46 level where it is showing solid intra-day support. In case you missed this news, Forbes is reporting that MSRT has agreed to acquire CannaRegs, Inc. in a deal valued at $12 million. A very big deal that will allow MSRT to pursue its growth strategies. My advice... Keep MSRT on your screen all day. We could see some nice trading action to come this afternoon. And remember, MSRT has a very oversold longer term chart, and I think this could have legs over multiple days/weeks. I'll touch base later in the day. SmallCapMomo.com ---------------------------------------------------------------------------------------------------- Traders and Investors, I've found what could be the biggest opportunity to "play the bounce" that I've seen in a while. Massroots, Inc (MSRT) is in the spotlight today. MSRT is trading right at 52 week lows, having sold off to $0.41 from over $1 in the past six months. We are right at key levels. It's had one attempt at a bounce off support levels, back in June when it ran from around $0.40 to over $0.60 in just a few trading sessions. Last October it also hit these same levels and bounced higher, all the way to over $1 - that's some 160%+ gains. Now its testing those same support levels once again, and another bounce could be on the cards. Now, MSRT isn't your typical speculative OTC play. It's a little higher priced and is highly liquid, and a great trader. MSRT desperately wants to uplist to the Nasdaq too, and despite previously meeting financial and price listing requirements, a conflict with Federal law has prevented them from doing so thus far. But cannabis is becoming far more excepted by authorities and financial institutions. In fact, its not a stretch to say that cannabis is rapidly becoming main stream, and its only a matter of time before this industry is entrenched and widely accepted. Based on its trading history and average daily volume, you shouldn't be scared about getting in and out of this one. Here is this chart below, see what I mean? I know your eager to learn more, so here it is... MassRoots, Inc.(MSRT) is one of the leading technology platforms for the regulated cannabis industry. Powered by more than one million registered users, the Company's mobile apps empower consumers to make educated cannabis purchasing decisions through community-driven reviews. Its compliance and point-of-sale system, MassRoots Retail, enables cannabis-related businesses to streamline their retail operations and compliance reporting to state regulators. With a significant market share of medical cannabis patients in certain markets, more than 25,000 shareholders, equity financing's and warrant exercises of more than $17 million since inception, the Company believes it is uniquely positioned to best serve the needs of the cannabis industry. Earlier this month MSRT announced that the point-of-sale and compliance software platform it is acquiring and is expected to fully close on August 5, 2017, previously known as Odava, has been re-branded as MassRoots Retail. MassRoots is now prioritizing resources towards its software solutions for licensed dispensaries and connecting its community of over 1,000,000 of the world's top cannabis enthusiasts with the best products and strains in regulated markets. Recently High Times Holding Corp., the publisher of the 43-year-old magazine High Times, announced it is going public through a definitive merger agreement reached with Origo Acquisition Corporation, as is currently valued at $250 million. The question is, does MSRT have this kind of potential? We think so, and given recent news events, you should be paying close attention. Matt Gray, founder and CEO of HERB, an online cannabis publication backed by investors including Lerer-Hippeau Ventures, Slow Ventures and Bullpen Capital. points out “While some outsiders may look at the acquisition price and think it’s a bit bloated, the truth of the matter is that cannabis is the fastest growing industry in the United States, expected to surpass the size of behemoths like the NFL and organic foods. With an industry that large, there will be a need for information sources and media dedicated specifically to the space. And with industry revenue projected to surpass $23 billion annually by 2020, there will be room to support multiple niche media sites.” That's exactly where MSRT finds it niche. And according to this article by Zacks Small Cap Research, MSRT is the "Yelp of Cannabis". In other words, its the "go to" app for everything cannabis. You can learn more about MSRT at their website https://www.massroots.com/ So here is what you need to know... MSRT (the "Yelp of Cannabis") is the real deal operating in the high growth, hugely popular cannabis sector. It is a very liquid with a high average daily volume and an oversold chart, that we think could be due to bounce higher. Less than one year ago MSRT was trading at over $1, and two years ago was over $2. At current levels, this could be a huge opportunity. Please do your research on MSRT now and be ready for exciting trading action ahead. To your success, --------------------------------------------------------------------------------------------------------
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