Worldwide Internet, Inc. (OTCMKTS:WNTR) Jumps on News

The stock of Worldwide Internet, Inc. (OTCMKTS:WNTR) is one of the riskiest in the OTC markets. This is because it is constantly swaying in both directions, depending on the news or the paid promotions.

At least the latter wasn’t behind yesterday’s movement. What drove the jump was the magic word that everyone seems to have started using in their press releases. Yes you guessed it, its medical marijuana.

No, WNTR are not going to sell or produce medical cannabis. They have entered into a letter of intent with Hemp Market Watch, a website covering the sector, with plans to provide information on the industry and make a portfolio of companies involved in it.

Still, the news led to a huge 96% jump yesterday, and WNTR closed the session with a price of $0.0048 on a massive volume. By the end of the day the traded share count had reached 306 million and had generated $1.3 million in dollar volume.

However, in its regular fashion the company stock started today’s session sliding down after it gapped up at the open at $0.0062. By now it has lost some 15% of its value and this might be just the next red session after a big jump we see from WNTR.

Being a risky stock WNTR demands that you do a lot of due diligence and weigh out the risks before making an investment decision.

Medical Marijuana, Inc. (OTCMKTS:MJNA), Growlife, Inc. (OTCBB:PHOT) and Cannabis Science, Inc. (OTCMKTS:CBIS) also started sliding since today’s market open after ascending the charts for a while.