Fusion Pharm, Inc. (OTCMKTS:FSPM) Saved by Friday Optimism

Fusion Pharm, Inc. (OTCMKTS:FSPM) saved the week with a PR outlining its latest financials, and thus managed to add to its price on Friday’s trading. FSPM added more than 15% on the last trading day, reaching $2.16 on $1.83 million buying volumes, somehow lower than the recent peaks, but still offsetting the days of selling.

FSPM was one of the cannabis stocks that shot upward on unprecedented enthusiasm, only to go through a painful and deep correction of 50%. Now, the ticker is trying to regain its positions above $2. Investors’ forums are skeptical of the company’s ability to have a sustainable business, and the new week is starting to look shaky. Still, FSPM may rise on the general enthusiasm of a statement about marijuana usage by none other but the US president Barrack Obama.

True, FSPM marked a 38% increase in revenues to $589,000, misreported within brackets. But investors’ forums expressed doubts that using shipping containers for marijuana growing may not prove to be a widely accepted technology.

Other investors’ online communities see FSPM in a rather more positive light, suggesting it may stage another wild run this week, and even touch a price above $8.

However, Terra Tech Corp. (OTCBB:TRTC) is an example of how hydroponics companies don’t always go upward. For a short spell, TRTC was bought up as a very popular doorway into cannabis stocks, and the exposure lifted the ticker to unprecedented levels, on record activity. But after that, TRTC corrected sharply, and last week came with a downward trend, only reversed on Friday as TRTC grew tentatively by 4% to 28 cents.

Vape Holdings, Inc. (OTCMKTS:PLPED) is also not faring well after the amazing exuberance leading up to its reverse split. The ticker slid down relentlessly last week, from the $30 levels and toward $4.70. It seems the transformation of the company from a social media into a marijuana business was not enough to garner more lasting interest from investors. Now, the company faces a change in tickers, but with such a deep cut in price, it turns into a dubious bet. PLPED will first have to show some success before clinging to better positions.

Now, all marijuana tickers will have a chance at a longer cooling period during the long weekend, and we will have to wait and see how the shortened week will develop after the markets reopen following Martin Luther King Day. But keep in mind that not even the best promises or a respectable price can guarantee a stock won’t live through a painful cut.