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Well Deserved, Thanks Vmax!
Now if we could just do away with that lie filled junk stickied below.
Chessman, Truly Spectacular Post
That is the best post I have ever read on any message board!
Thank you for the info, the effort and the generosity to share
Go ERBB!
Excellent, Truly Excellent Point Litos
How Far Can This Go?
I'll be the first to say that this run is truly remarkable. I expected it to carry for several weeks but this is getting to be outrageous.
More and more news just keeps flowing in.
Politicians are now scrambling to get on board. State rights are a major issue here as individual states are declaring their desires for legalized cannabis in some form or another. It will be pretty hard for Republicans to fight cannabis on that level because their platform is based upon states rights and smaller government. Additionally, the state and federal governments are looking at a whole new set of tax revenues from distribution, cultivation, and even income taxes from the new jobs the industry is generating.
Just as all the momentum gains, MJ companies will start reporting earnings. Should any of those numbers be a surprise to the upside and the momentum just keeps gaining. There is also a great likelihood of a major PR from one of these companies disclosing THC based revenue prospects.
AND OF COURSE, Holder and Obama have paved the way for banking. The speculation of banking involvement alone has carried the excitement. I don't think this will be a buy the rumor, sell the news scenario but more of a gasoline meet open flame scenario.
Then as the year progresses, there are MID-TERM elections where cannabis will be on the ballot of numerous states. California, the most populous state in the nation will likely become fully recreationally legal. Now, CA's #1 cash crop IS ALREADY MARIJUANA. When it goes legal, its gonna be a helluva big deal.
I posted in November or October last year that 2014 is the YEAR OF GREEN.
And I'll stand by that until Dec 31, 2014!
Share Price NOT Based On Fundamentals Argument
Really? Are you also factoring in MJNA's CANV holdings? I don't know how many CANV shares that MJNA owns but CANV was issuing those shares around $5per and CANV is now above $70per. MJNA's CANV holdings alone would justify MJNA's market cap.
And please show me one single company that is fundamentally valued properly these days. P/E ratios mean nothing these days. @MZN should be worth a $10 if based strictly on fundamentals. And FB, which annually earns about 1/150 of its valuation is grossly overvalued. And then there's, @APL, a company that makes over $200b in annual revenue yet is only worth 2x revenues?
Fundamentally, MJNA has an uphill battle but I can't think of 1 startup that doesn't unless it is highly manipulated. But once those issues are worked through, it will be too late to get in on the ground floor.
I'd rather be chasing hype now for pennies that playing catch up for dollars!
His Call Was "Terrible", Not MJNA's Fundamentals
I will concede that MJNA has issues going forward, all issues I have acknowledged yet was willing to risk for the chance to get into the stock.
HOWEVER, there are absolutely ZERO credible excuses for AB blowing the Jan 1, 2014 explosion.
Many folks here, myself included were screaming buy MJ stocks in December. FOR FREE, not for $42/month!
This in not "euphoric hype". What you are seeing is the birth of a new industry. Some will fail. Others will succeed. But taking risks is what investing on the ground floor is all about! Not many companies start off flush with cash and business. FedEx lost about $1m/month in the company's first year of business. Apple only succeeded because HP did not want Steve Wozniak's homemade PC, something HP execs did not see the public having a need for.
MJNA will succeed no matter what kind of shills are trying to prevent that from happening.
$30b Is Peanuts Compared to Where Its Headed
The marijuana market is FAR FROM a FLEDGLING INDUSTRY. In fact, it is EXACTLY the opposite. The cannabis market is in fact in the largest boom it has ever experienced.
Look, cannabis has a recorded history dating back to China over 3500 years ago. It is likely that cannabis dates back to the agricultural revolution around 40,000 years ago.
After 80 years of prohibition, for the first time in recent US history, companies are allowed to cultivate, distribute and LEGALLY PROFIT from cannabis. I CANNOT STRESS THE SIGNIFICANCE OF THIS!
Here is a breakdown of the three facets of the legal cannabis/hemp markets:
Social / Recreational Use
$25-150 billion per year in the US alone
Currently, the domestic US black market for cannabis is estimated to pull in $25-150billion each year. Obviously that is a wide discrepancy but its pretty hard to get solid numbers from a "black" market. Either way, the numbers are pretty staggering considering they only factor traditional cannabis uses of the plant material. Those figures do not factor in the edibles market.
Medicinal / Health Care Use
Yet to be known the size of the market
Merck, Pfizer and the big pharma companies can make billions upon billions off one drug alone. Viagra brings in roughly $4b annually. Should the positive cancer fighting properties be clinically proven, then cannabis will be absolutely priceless but that is only one possible treatment. Alzheimers, epilepsy, PTSD, ADHD…..the list of CBD and THC applications just continues to grow, each worth more than the next. The medical applications alone could be worth 100s of billions of dollars.
AND
Those medicinal prospects do not even include the nutritional supplement market, of which MJNA is well positioned. The neutraceutical market is about $200b worldwide. HerbaLife is a $20b company itself!
Industrial Use
Untold Billions / Even Trillions
I think this is most vastly underestimated part of the hemp / cannabis market. With so much attention being paid to the medical and recreational use, the industrial applications tend to be overlooked but they could hold the key to the real riches. Hemp can be used for just about everything; rope, textiles, plastics, fuel……….I couldn't even begin to speculate on the possibilities because it is potentially in the $500b range at the least, possible even trillions.
Care to Defend This Call AB?
Or will you just continue to hide your head in the sand?
I'm Calling PURE BULLSHIT CashKing
I don't need to get into details but you don't own nearly 25% of the a/s
Maybe 4m, I'd even believe 40m but 400m?
Thanks for the chuckle tho
Vmax Marketing Is Essential
I hear your idealistic view that if the product is worthy it should sell itself. But that's just not true.
MacDonalds, Coca Cola, Apple, Nike...each....spend over $1b to globally market their brand and products. I have personally produced ads over $5m in production costs alone, followed by additional $1m+ celebrity buyouts and another $100m in costs just to buy the air time. And that's just one single holiday campaign for a dying brand.
The HempMeds marketing effort is huge.
And don't underestimate the product MJNA is selling. In 1980 I'm sure most people thought Mark Hughes (may he RIP) was a nutjob selling a weigh management system from the back of his car but 16 years later when his company went public and did over $1b in sales, I'm sure that perception changed.
Aside from some propaganda based US research and some dabblings in Israel over the past decades, there has not been a lot of serious clinical research about the positive effects of THC, much less CBDs which are new to the scene. But like you said, the product cannabis has still been widely distributed even without marketing.
This is not a novelty, this is the birth of an industry and MJNA has aggressively marketed themselves. Great industries came come from strange places. Enormous Silicon Valley companies have been launched in garages and dorm rooms, major apparel and health companies have been established in backs of cars......the domestic cannabis industry is moving from closets and basements into warehouses and boardrooms. Now it is headed for the highest stateroom in the country as Obama just opened the door!!! Quote that sh_t, tell your friends! cause this is going to be huge
Bro I Love the Industry
And I like MCIG as a company and equity. Solid product based revenue, real numbers.....
What I don't like is the lack of long term studies about vaporizing that could be devastating to companies like MCIG if negative side effects were discovered. That's my only caveat but it is a big one. With smoke you know what you're getting. With food you know what you're getting. With vapor, we don't really know about long term effects of regular use. Not like I think there are negative effects but I haven't vaped for very long.
Prissy I Don't Make Predictions
Having said that, I think we're going to the moon!
All kidding aside, I don't like making predictions or specific share price calls because it is a total guess. Granted it's all a big guess anyway but when it comes to stocks like these MJ companies, placing a share price based valuation is difficult due to a lack of clarity. With companies like @APL you can estimate using revenues, liabilities, growth patterns/prospects and all sorts of fiduciary info to come up with somewhat accurate "predictions."
If I had to make "predictions", here is what I come up with:
Short Term
The sector is on fire. I see lots of volatility. I wouldn't even dare to make prediction about what's to come. Political news, sector specific news, earnings reports and so many other variables will drive the near term. I expect lots of bullish activity due to the Golden Crosses everywhere. I also expect decent pullbacks due to profit taking, weak hands and flippers.
Long Term
MJNA - I compare MJNA to HerbalLife, which is a $30b company (although the government may be looking into that and the owner didn't fare so well with his health). If MJNA could grow their empire to be like HerbaLife you're looking at $20+ per share.
ERBB - if ERBB can achieve MDBXs valuation, that at least .20/share. If ERBB can get their vending machines up and running in multiple states, that could make Tranzbyte a multi-billion dollar entity. With 2.8b shares outstanding and a little less than twice that available, even if the entire available float is activated, ERBB could be $2-10/share easily.
CBIS - CBIS needs to make some clinical progress. If they can keep the company running over the next 5 years and develop treatments for skin cancer, one of the most common cancers, CBIS could do sales in the billions just like Merck or Pfizer. One single drug can draw billions in revenue. That would out CBIS in the $50b range or $50/share.
There is also a large potential for buyout with many of these companies. MCIG could easily be absorbed my Pal Mal or other major players so they don't lose step in their industry.
Who knows where this goes. Maybe it goes nowhere. Obviously, at the current valuations, my predictions above are wild, pie in the sky optimistic outlooks but that's the beauty of the sector. There are so many unknowns, so many variables, so much progress and so much fking EXCITEMENT!!!!!
Here's My Problem with MCIG
Smoking and eating cannabis is a practice that is on record for about 4000 years and likely predates written history by several millennium. We have a pretty good idea of the effects, but more important, the SIDE EFFECTS of smoking or eating cannabis.
However, vaporizing is a new method for ingesting cannabis. While it appears to be safe, all it takes is one medical journal claiming "water lung" or that vaporizers can cause bronchitis or an MCIG accidentally combusts and MCIG will get hammered.
Don't get me wrong MCIG is a solid company in the MJ sector. Also, having quit smoking cigs and resumed jogging after some time off, I thoroughly enjoy vaporizing cannabis because of the clean buzz, the clean taste and the lack of residual odor.
That's my only caveat with MCIG
Good Advice John
Only play with what you can afford to lose.
I don't mean to stink up the party, and my positions won't make a lick of difference to FBs stock. I just tought it might be good to provide folks with a contrary trading pov.
Best of luck to all
Uh I Did Vaguely Mention Instagram
I mentioned that FaceBook is purchasing companies in order to stay relevant, ie acquiring Instagram and unsuccessfully bidding a couple bil for SnapChat. And exactly how was FB going to monetize those entities?Can't do ad revenues cause users will leave. Can't charge for something that has been given for free without serious backlash. Instagram is the only social media I have ever used and I really liked it for a while, but when random freaks started following and FB announced they own the rights to users photos, I closed my account immediately.
edit
Instagram's popularity growth is only anecdotal, having nothings to do with returns. It reminds me of Pets.com or Etoys in 1999, the number 1 and 2 "most visited", "fastest growing" websites during the boom. And how did that work out for them while they tried to convert that hype into sales? Last I checked those companies are long extinct.
As for the reply discussing people worldwide using FB to stay in touch...I have family all over the world who I keep in touch with via email, cell phone, video chat, photostreams....and we do it all for free, without ads cluttering up the digital encounters, without building a virtual FBI profile of ourselves on a public forum. How is FaceBook going to make Direct Revenues from those customers you speak of? Currently, with the exception of FarmVille and meager game revenues compared to FB's supposed value, FB really only draws indirect revenues from advertisers not from users. Even newspapers and magazines drew revenues from both sources but look how they have fared.
Regardless, this is all subjective business model nit picking. The real concern for me is the insane valuation compared to earnings. Those numbers do not add up and the last time I was so sure of such a discrepancy was when I shorted Krispy Kreme Donuts in the early 2000s.
For the fella I am replying to with this post, my education is far more complete than you may know. Don't underestimate your adversaries.
Golden Crosses Everywhere
Only once have I seen that type of GOLDEN CROSS setup in an ENTIRE SECTOR.
1999
And that was when I officially retired from trading at ML when I was 22 because of my picks.
Those charts are spectacular.
$135b For a Decaying Digital Billboard?
You know those old decaying billboards you see when driving the Ol Route 66? That's what Facebook users will be looking at in several years. I will be shorting FB going into earnings and will be using this company as a short target for 2014. Either I will be adding fuel to the fire or I will be stealing some heat from it but hear me out because this is not an attempt to "bash", it's just one player's opinion.
While rich in cash and share price manipulation, the company lacks ingenuity, as it always has but worse, lacks an engaged customer base. Ask any kid in college or high school and they will tell you nobody uses FB, favoring Twitter for their mass communiques. That's too bad because it means FaceBook has completely abandoned their initial customer base. Basically they sold out. Now the site/app is merely a data mine for marketers. Ironically, the same people that cry about the NSA snooping are all too willing to put personal info out in cyberspace.
Hey I'd probably sell out too for $30b! But I'd take the money and run. The market cap for FB is insane. I don't need to break down the numbers but there is no way FB is worth twice more than Caterpillar, a company that makes billions in annual profits and manufactures goods used across the globe.
Then there's that other once sizzling social media site that is colder that the hair on the witches tit. MySpace. That's where I believe FB is headed. Sure, they're trying to buy up companies to stay relevant but FB has lost their core business, users. The 1 billion users numbers is a total farce. There are people with 20 accounts, cats, dogs, every business that nobody cares about, accounts created just to troll...so I'd say far less than half that 1b number is maybe Monthly Active Users (MAUs). Daily Active User (DAUs) numbers are probably drastically lower as the majority of daily page updaters are businesses, not individuals.
As for those individual active users, they don't make FB money. Less than 5% of FaceBook users have their credit card logged with their accounts. This isn't iTunes where all 500m users have their credits cards and spend $5b a year on products. FBs revenues come from advertising and the ad dollars come from the inflated FB user numbers. There some proverbial name for that kind of fragile symbiotic existence.
I could go on and on but we've heard it all before. Well have to see about this but I'm feeling all KKD on this one which was my last big aggressive short when I rode it down from 45 to 5. Here's my FB short play;
I don't own shares, never will so I won't be shorting the equity. I will be using options for my short position. Yesterday and today I opened some long put positions, selling ATM and NTM puts to open that expire over the next few months. Monday, I will start taking out short put positions, using the proceeds from the previously mentioned put sales to buy deep OTM puts in closer month for earnings and closer to the money puts in later months.
And that's my play. Maybe I'll make some money or make someone else some money. I'm not bashing, I'm not going for broke and I sure as heck don't think writing this will make a lick of difference but it's an honest perspective from a player who's stepping up to the plate.
I Think I'd Remember A Face Like That
I don't think we have met. I haven't worked in commercials for about 5 years. I did a few jobs with Fincher before he left Anonymous and formed Reset. I focus mostly on raising capital for features these days.
I Am A Producer / Executive Producer in LA
I worked at Merrill Lynch in NYC at a very young age but made so much money on QC*M and the 1999 boom that I retired by 22. I decided managing other people's money was not the sort of stress I cared about and moved to LA to pursue more creative endeavors. I work as a freelance producer on films, tv and broadcast television commercials. I am also an executive producer who raises capital funding for films.
I have also been involved in the cannabis industry since I was a teenager. I have help set up a 64 plant grow operation in Albany, NY among other less than legal activities.
I first got into ERBB about 2 years ago, buying 1m shares at .01. Those shares sat dormant for a long time, losing value almost everyday before I went ballistic and built that position to 15m shares at a cost basis around .003.
Last November I posted that I will give ERBB until Q2 2014 before I make a move on my position.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94057302
Well……..on 1/7/2014 I sold 1/3 of that position at .008, paying off the entire position and then some.
I was not planning of buying more ERBB but yesterday I got in for 750k more at .0073 because I wanted to reinvest some of the profits.
Currently, I am fully vested in the cannabis sector.
GOLDEN CROSS ON INSANE VOLUME, DOESN'T GET BETTER
ERBB announces the Zazz machine, citing a specific dispensary as the first location.
Obama sets the stage for full legalization with the pretext comment that "marijuana no worse than alcohol".
Eric Holder confirms that the AG's office will start the process of allowing banks to get involved in the cannabis industry.
And ERBB completes the most bullish chart indicator possible, a GOLDEN CROSS coupled with exceptionally high volume.
Plus I just got off the phone with a friend who is the COO of a major NYC based hedge fund who is flying to LA to discuss MJ stocks with me.
Unreal folks!
Here Comes the BOOM
I just got off the phone with a long time friend who is the COO of a large NYC based hedge fund. This week his fund took a 7 figure hit due to the market drop. A few months back we discussed my recent investments in the MJ sector. Back then he stated that HFs have been looking into MJ stocks but have not pulled the trigger due to the nature of the industry.
However that has all changed.
My friend is flying out to LA next week specifically to meet with me to discuss my opinion on the sector and which investments I am involved with.
MJNA will be front and center in my presentation. And this guy is no 420Investor schlub, we are talking enormous capital. ENORMOUS
Just Hung Up w/ COO of NYC HF
I just got off the phone with a buddy of mine who is a COO of a large hedge fund in NYC. We were discussing MJ stocks a few months back. This week his fund to a 7 figure hit from the horrible market.
He is flying out to LA next week to meet with me to discuss the cannabis market and publicly traded stocks. His fund is looking to enter the sector.
Here comes the institutional capital.
They Sure Do
US Bank is not only used for clearing the transactions but for their holding account as well.
IPWT They CAN Take Credit Cards
I reported a few weeks ago that the dispensary I frequent in LA takes Visa and I just found out the other day they take AmEx.
For the Visa charges the shop uses a traditional Point Of Sale credit card scanner. The transactions are handled by US Bank.
For the AmEx charges they actually use the Square card reader attached to an iPad.
GOLDEN CROSS ON EXCEPTIONALLY HIGH VOLUME
For the uninitiated, the GOLDEN CROSS is when the 50 day moving average (MA) crosses above the 200 day moving average. Typically technicians will use the "simple" moving averages as the preferred MA.
A GOLDEN CROSS is the most basic, most accurate bullish indicator for chartists. It predicts a bull market. Read more here:
http://www.investopedia.com/terms/g/goldencross.asp
A GOLDEN CROSS on high volume, such as ERBB is experiencing, is about as bullish as it gets. In fact most of the MJ stocks are plowing through bullish crosses.
This is only the beginning. In the next few weeks we could be looking at 1000% gains.
For ERBB, the Zazz machine going into PARC dispensary in AZ is huge. The Obama crew discussing banking for MJ companies is equally as huge. And even bigger is the dialog Obama has had recently stating that marijuana is no more harmful than alcohol. That statement alone is a pretext to full, federal legalization.
Its Official Folks - Swimming in the Mainstream
The story is now being picked up by the mainstream media.
http://news.yahoo.com/marijuana-banking-regulations-way-233407421.html
AutoProgram .20 Is Possible, Even Likely
The number comes from comparisons with the "other" vending machine company, MD8X. That company is currently valued at over $500m. With 2.8b shares outstanding, for ERBB to achieve a $500m+ valuation, ERBB pps would be .20
This number is possible. See ERBB is not hinged to marijuana sales. ERBB Zazz machines could be put in dispensaries all over the country. If plans come to fruition and ERBB has 100 machines in 100 different dispensaries across the US, $500m is a lowball figure. I think $10b is more like it should those plans be executed in the next few years
I FKING LOVE THIS COUNTRY!!!!
First Holder says the US will be hands off in Colorado and Washington's recreational legalization efforts. Then a few days ago Obama announces that marijuana is no more harmful than alcohol. Now there is a pending announcement that the US Gov't will allow mj entities access to banking…..
That is folks. The wall has been cracked.
This is the precursor to full scale legalization.
I don't even care about the money to be made.
2 things I never thought I'd see in my lifetime:
A black president
Marijuana legalization.
Both have happened in half a decade.
America, f-ck yeah!!!!
IT HAS ONLY JUST BEGUN
1. Holder announces a hands off policy in Colorado and Washington in regards to their legalization.
2. Obama comes out with the statement that marijuana is no more dangerous than alcohol
3. Pending announcement regarding marijuana businesses and banking
Folks, this is it.
These 3 statements from the government are the precursors for full scale legalization. Research alcohol prohibition. It started with medicinal alcohol being prescribed to individuals with toothaches and other minor ailments and today the liquor industry does nearly $100b worldwide and roughly $20b domestically in the US alone.
The alcohol industry went from a $10m black market to a $1b white market in the first year prohibition was ended. That is a 10,000% jump!!!
WE'RE GONNA NEED A BIGGER BOAT
The dam is about to break. Get the lifejackets ready.
Once banks see the monies coming in from these MJ dispensaries, eyes will be opened to the burgeoning industry.
This is just the beginning…..
Give It A REST
Momo Pennies Are NOT Good Shorts
The whipsaw from these momentum penny stocks can be absolutely devastating. When a stock can move 100-500% in a single day, I would strongly caution taking out a short position and leaving yourself exposed to unlimited upside. Additionally, the liquidity issues with penny stocks can be a major problem. One day a stock could trade hundreds of millions of shares and the next day it barely trades 10m. That means a person could get seriously jammed holding a short position that they are unable to liquidate. And all that is only if your trading platform even allows you to short pennies.
Profit Taking / Stop Losses Getting Hammered
Thats what is happening. Don't get it twisted. A 50% intraday run up will inevitably be met with profit taking and day traders who set tight stops will get stopped out. Nothing new here, happens on the big boards all the way down to the pinks.
Its Called Profit Taking People
Lets not act like a bunch on ninnies. This is just some typical profit taking and weak hands exiting.
Det Thorne That is YOUR OPINION
"MJNA IS A DUD", Per A "Professional" Analyst
Yup. A few months ago, I added to my MJNA position, 250k shares at .16
A month or so later, everyone's favorite MJ analyst chided me for the purchase, noting the stock was down 12% on paper.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93274808
Today I am up 60% on that 250k purchase alone!
Another classic article from 420Investor titled "WHY MJNA IS A SELL",
of course the stock was at .10, almost 200% below where it is today:
http://www.marketfy.com/product/420investor/blog/815/view/35431/
Folks stop paying this person to get horrible information. I noticed 420Investor now charges $42/month!!!! Seriously, you can get all that info here form FREE
"MJNA Is A Dud", STILL LAUGHING AT THIS!!!!!
This is coming from a "professional" analyst.
Done, Thanks Doctor!
Duh!
Really Wish HempMeds Products Were Available at Retail
I am still weary of the internet. With the exception of Amazon, B&H Photo and a few other sites, I never purchase items online. However, I would really like to try the HempMeds hygiene products. Does anyone know if they are available yet at the retail level in Los Angeles?
Still Laughing at This "MJNA, Why I Say Sell"
Per the "premiere" MJ analyst on 11/21/2013
I may be laughing but I feel bad for those who paid $35/month to miss out on a 100% profit. MJNA was at .10 when this call was made by a "professional" analyst. And that pales in comparison to the gains missed out on other stocks.
http://www.marketfy.com/product/420investor/blog/815/view/35431/