Resource Ventures, Inc. (OTCMKTS:REVI) Opens Downward on Monday, Hopes to Hold Gains

Resource Ventures, Inc. (OTCMKTS:REVI) holds onto some of the gains, as Friday turned out a reasonably good day. REVI added more than 77% to $0.062, on buying a bit less than its peak day, around $2.66 million. Up until now, REVI was a straightforward story, a company boosted by a promotion and PR, and styling itself a marijuana business. Now, the new week will have to show if this company can keep up the better positions, or if it would sink to its habitual low price below two cents.

REVI started with a tentative downward direction in the early minutes of the new trading session, and extremely slim selling volumes.

Unfortunately for REVI, the messages have stopped, and the last PR and emails are from the middle of last week. Investors’ forums already anticipate selling at the beginning of the new period, since REVI is already up 800% on concerted efforts. Just on the first day, REVI rose by nearly 700% on a PR message stating it may partner up with Hemp, Inc. (OTCMKTS:HEMP), one of the more prominent companies in the recent marijuana boom.

Unfortunately, the message sounded too tentative, and even suggested in the very text that REVI may be directly trying to benefit from the hype surrounding cannabis stocks. Well, it did benefit, and unlike other tickers, managed to move out of the double-zero positions. And REVI is still underpriced enough to move upward again, responding to news.

For now, older marijuana stocks are having quieter days, giving away the most-traded positions to newcomers that offer foolproof gains, at least in the initial days. Stories like that of REVI are not unusual, in any price range, including triple-zero prices.

But let’s look at what may happen when a ticker goes into the background. GreenGro Technologies, Inc. (OTCMKTS:GRNH) is stuck in a lower range, and instead of attacking the dollar levels again, the ticker drifts sideways around 47 cents.

For Terra Tech Corp. (OTCBB:TRTC) the climb is also slowing down, as the ticker tries to stabilize around 55 cents.

Investors’ forums that comment REVI also point the attention to the whole phenomenon of sub-penny selections that may move into the higher price range. So far, most of the contenders have struggled to conquer the positions that REVI managed to take in just a day. More often than not, extremely cheap stocks tend to drop on temporary corrections.

If you still like REVI for its activity, keep in mind that this is for now a one-off event and avoid investing unless you can also afford the backtracking.