Market News Call

OTC Buzz: Federal Home Loan Mortgage Corp (OTCBB:FMCC), Medical Marijuana Inc (OTCMKTS:MJNA)

One of the leading home funding firm in US, Federal Home Loan Mortgage Corp(OTCBB:FMCC), has opined that it would not be issuing any reference notes in the optional note issuance window on Aug. 29.

The firm has stated that for every date is a window for optional note issuance and that it would be providing maturity date as well as dealer syndicate, foregoing any scheduled monthly issuance. The next opportunity that the firm may bring out notes in on Sept. 19

Medical Marijuana Inc(OTCMKTS:MJNA) – Marijuana stocks have seen a lot of volatility in this year starting with Medical Marijuana surging by over 200% in few weeks of February.

Investors are again buying marijuana stocks as before and some may end up losing good cash like earlier if they have not done due diligence. The recent announcement on legalizing marijuana sent the stocks surging from a lot of buyers.

While MJNA is the stock having maximum volume, other marijuana stocks such as Medbox  HEMP INC, Growlife Inc, Cannabis Science as well as GreenGro Technologies saw their stocks surge.

The catalyst was that the government would not be challenging laws in Washington and Colorado and that the two states have legalized marijuana for recreational use.

But, it is not a good bet to buy marijuana stock on a bet that the industry may grow in future without taking a close look at the company you are investing in.

Marijuana stocks trade on OTCBB, where manipulation can run rampant.

Anyone with some kind of help can set up a shell marijuana stock and try to attract investors whose shares would be worthless.

These stocks are purely dictated by manipulation and hype rather than earnings in the case of stocks which are registered on reputed bourses like the NYSE.


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