Mead Johnson Nutrition Com fka MJN

[TREND1]

MJN up 26 % today

[Clariske]

Blaze, if you like to loose your money it is your choice, but for me , I am tired to hear promesses and loose my money!

[Clariske]

Thank you Blaze, good to know!

[Blaze420]

http://www.cbc.ca/beta/news/politics/liberal-legal-marijuana-pot-1.4041902

[Aliquot]

It will reset before then. Needs a bear market before another bull. Il be buying under $2

[Brentpdc]

Dude , that's nothing .. wait till summer !

[Aliquot]

Yes, 20c to 3.40

17x gain in one year. That is an absurd gain for a stock... And that's not even the full low.

That is not a big boom?

This is going back to $2, far over extended

[Brentpdc]

I'm talking mjn.v

[Aliquot]

This went up over 15 times in a year. Are you crazy?

[Brentpdc]

The big boom still never happened ! Tick tick tock

[Blaze420]

http://www.ctvnews.ca/mobile/health/number-of-canadians-with-prescriptions-for-medical-pot-soaring-1.3298533

[Brentpdc]

It's still hasn't hit the big boom ... 10,000% coming here ?

[Ddoobs]

Boom time!

[Brentpdc]

Breakout ?

[Brentpdc]

It's not even started !

[Medianow]

Here we grow again I love this deal

[Brentpdc]

Best

[Brentpdc]

The silence is golden here!!! Cronos!! Thanks man you Mike!!

[Brentpdc]

Excellent Q3

[Aliquot]

Because they are technically illegal dispensaries, do you understand the difference between these LPs and where you buy?

[john _a_1990_420]

The places I buy from neverr ipo

[Aliquot]

From grey market dispensaries sure, but they are technically illegal and not part of the coming legalization. None of the public companies have products sold there, they are all produced by MMAR or illegal grows.

[john _a_1990_420]

Lol

[john _a_1990_420]

I buy weed on queen street lol

[Brentpdc]

Dude.. Wrong company my bad ha ha

[Aliquot]

WTF are you smoking? There are legal medical sales from LPs, but they dont even have stores.

[john _a_1990_420]

When lol don't make me laugh this company's ipo date was on April fools 2011 the highest it's hit is $1.01 not anywhere close to over $5 now look where it sits.

[Brentpdc]

It hit like 75 dollars bro

[john _a_1990_420]

Wrong lol its already being sold in stores on the street jack

[john _a_1990_420]

Don't pump phot never hit that much I want some of that weed you're smoking lol

[Brentpdc]

Remember phot? It went to 100 dollars a share!!

[Aliquot]

This is up 10x in under a year, the push hasn't begun?!

With the insane valuations in this market it could go to 7, but it's a speculative bubble right now.

Will be two years at least until the revenues justify a $2+. But the cannabis wave is going hard now ride it out

[Brentpdc]

Still hasn't begun the push... 7 dollars please

[Brentpdc]

It hasn't begun this is the push...

[Brentpdc]

I don't know about you, recreational will start here in bc liquor stores.. Medical is already selling!!

[Aliquot]

I don't see legal sales happening until 2018. We should see another push maybe when task force submits there stuff, but most likely for me it will be spring 2017 when legislation is tabled. Once it goes into effect in 2018 will go nuts

[Aliquot]

Today's volatility makes me thinks short to mid term top is in. So much money has flown in here I think a reset to get new investors is needed to push higher.

[Aliquot]

Possible! But I don't see that valuation yet. In any case a bit of consolidation is in order here this week

[Brentpdc]

This will be 5 before the end of this year!

[Aliquot]

I think This will be $5+ in 2018

So if you're holding long then no worries. I want more shares lower I just jumped on the momo yesterday.

I think this is an exhaustion candle for cannabis stocks in Canada today. I expect a doji on the daily chart and back down near $1

Don't see the valuation here yet, but the speculation is crazy.

Canopy at $17 today!? Insane...

[Brentpdc]

I haven't sold...

[Aliquot]

Sold 1.75

Too high too fast, this will test 1.40 and maybe 1.20 maybe lower. Weekly pullback is needed to continue higher...

I really hope Canadian stocks can cool down a while I want to accumulate but it's risky up here

[Aliquot]

They own Peace naturals and have 21% stake in wmmc. They own completely in the zone also but it's not producing any revenue yet.

They have smaller investments in like 20 other companies.

[OnlyGoLong]

Do you have info on what companies are underneath this umbrella?

[OnlyGoLong]

New to following this one, which 5 Lp's are under the brand?

[Aliquot]

Yeah we'll see...

[Brentpdc]

75 nope maybe. 90

[Aliquot]

Buying at .50-.75 I hope. Moving down with momentum now

[Brentpdc]

Boom...

[Brentpdc]

99, million shares out and 5 LP... Dude it's worth at least That