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MonestHind You Are 100% Correct
I have found out about the same about Alan since paying a PI to look into him. Alan is a failed investment advisor who tried to hack it in NYC. He crawled back to Houston where he scrapes together money by salvaging what is left of his "career". He is also deeply involved in church activity which is not usually a group on the forefront of cannabis legalization. He exchanges internet messages with naive folks who cannot see through his garbage and avoids people like me who see straight through his game.
Folks these messages may be "off topic" according to iHubs TOS it is extremely relevant because people need to be aware of scams like this. Alan cozys up to naive investors/traders and plays as if he is their friend while he picks their pockets. He is no friend of cannabis. He has had noting to do with marijuana until 7 months ago when he realized this underexposed financial sector was ripe for the taking.
MonestHind I'd Love to See What You Have
Sorry I can't PM but please PM me what you have found and I can compare it to the info I have.
Not Even Close Dude
I don't care about the pullback or the coinciding articles from Clownstein. As far as I'm concerned his calls have been no better or no worse than the average message board poster but his drivel has little effect on stocks.
What I do find inexcusable is that the months leading up to the most significant event in the recent history of cannabis was completely of ABs radar. And this is your "ground breaking" sector leading analyst. C'mon dude. Fact the facts, Alan completely blew it. He should have been like many of us who have been screaming from the rooftops that Jan 1, 2014 was going to be a significant event.
I also find it deplorable that he is exploiting the lack of mainstream coverage of MJ equities for personal gain. Alan is a floundering financial analyst who leeched on to this burgeoning marijuana industry. He has absolutely zero prior knowledge of the industry, of growing, of distribution, of prohibition, of medical legalization. The dude lives in Houston, a hotbed of US energy players, NOT cannabis. Texas is far from a leader in the Green Revolution.
Industry leaders and experts will organically develop and should not be manufactured by a greedy blogger/analyst who bombards sheeple with false knowledge.
Greens12 Be Thankful You're Still In the Game
Think of how many people sold because of the info AB presented. Basically anyone who bought before today is showing or taking profits.
When Bloomberg and CNBC Come Into Play
Theses two media outlets are a curse. Bloomberg and CNBC are always late to the game. When I first starting investing/trading @apl, the iPod was still kitschy, iTunes was brand new and CNBC barely covered it. By the time they came around, the stock had already run 150%.
There are usually 2 setups when these 2 get involved
1. Bloomby and CNBC are fed a story about a sector or equity, run the segment and the pros pile on to create a bubble or they slam the play In order to get a better price/scare shares from existing holders.
2. Bloomby and CNBC are fed a story so pros can dump shares on the little guys just like they did when Cramer screamed to buy buy buy @apl at 700 but then sell sell sell when the stock dropped to 400
My guess is it was scenario 1 since by the time the Bloomberg story came out MJ stocks already started the decline. Someone fed the story to Bloomberg and was ready to pounce. All it takes is a few hundred thousand shares to manipulate this and, at penny prices, that's something even I could do. Investors see the price decline or weak hands start shaking and before long, the pros are there to catch the cheapies. I've seen it done first hand 20 years ago and it still occurs today.
The volumes across the board on MJ stocks are signaling institutional investment. There is no way that the few thousands of MJ stock traders are making up for the 10s of millions of $$$ being churned in this sector.
That Was Posted on the ERBB Board
The post on the ERBB board was at 2:49P (eastern time I believe) which is odd because the time stamp in the article says 4:15p PT.
Either way, that is more old, non-actionable news from AB that was easily found elsewhere, by somebody else, several hours before, for free......
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95749194
All Credibility is LOST for AB
I have been trying to warn folks about this guy for a while. Of course he is cozy with some mods here so a good 90% of my messages have been deleted.
Missing the Jan 1, 2014 sensation is inexcusable for a self branded cannabis market "analyst". That is like being a tech analyst who didn't see 1999 and then scrambled to buy only to get creamed in 2000 for being so late to the game. If I was one of the poor folks duped into subscribing to 420investor I would cancel my account immediately and request my money back.
Absolutely unbelievable. And Alan isn't on some manipulator's payroll. He didn't call MJNA's retracement any more the I did or the numerous other folks posting their DD on ihub. He whiffed on Jan 1. For cripes sake he lives in Houston where he should be covering energy not cannabis. Let's face it, Texas isn't exactly a hot bed of activity in the cannabis legalization movement.
As someone who has been successful in both personal and professional finance, as well as an individual with 2 decades of experience in cannabis culture, I implore people to do your own DD, ESPECIALLY with penny stocks! Only you know your investing/trading thresholds and the more outside influence you take on, the cloudier you vision becomes.
Latest SA Article
I can't even read it. The writing is so piss poor, so filled with "I"s and opinions that the information is utterly useless. The article reeks of a weak apology for causing folks to miss out on a major opportunity. Anyone who has even loosely followed cannabis over the past ohhhhh 80 years or so, could have told you that January 1, 2104 is the most significant event in the history of cannabis since mankind discovered the intoxicating herb and later banned it 40,000 years later in the 1920s.
AND any analyst or market player who knows how demand and hype works should be able to realize that people lining up outside stores for a product will translate into market hype. HELLO...anyone following Apple over the past few years has seen this. PLUS the demand for cannabis has been around for decades. People risk their lives to buy, sell and even outlaw the stuff!
Sorry AB, you really blew it on this one
Marklar Hear Me Out
A lot of people called the pullback. 2 days ago I started posting that this parabolic rise will take a breather. When stocks run up over a few days, especially over 100% gains! a pullback is inevitable for the following reasons; profit taking, trapped longs getting decent exits, weak hands new to the stocks.....to name a few.
Technically, the stocks can't sustain major moves. The stocks become overbought and will usually pullback after riding the upper bollinger bands because the price cannot remain 2 standard deviations above the mean without enormous, perpetual accumulation.
The question here is, how deep will the pullback be? Is the hype going to continue long enough for some follow through? I think Q1 is the next milestone where there may be new disclosures about THC revenues from many companies as well as other fundamental issues facing MJ companies. I also think the mid-term elections could provide some momo as the cannabis movement marches on. California could be the next to fall in the cannabis prohibition battle.
And if Colorado, the 22nd most populous state sold approximately $30m of recreational cannabis in the first week of legalization, imagine what California, the 1st most populous state could generate!!!
As for AB, the dude has very little insight into the industry and has a pretty underwhelming "career" in professional finance. I wouldn't dream of wasting $36/month for the info on his site.
AB Should Not Be Representing This Sector
There are far more veteran players in the cannabis industry, and vastly superior players in the finance game for this guy to be the "leading" analyst. This is the problem I have had with Alan. It is not his analysis, it is that he leeches off the birthing cannabis industry as a last ditch effort to retain relevancy in the finance realm. This guy saw this as an opportunity for SELF PROMOTION whereas as many long time cannabis activists are doing their work to promote the industry, the medicine and the movement. These very activists have great insight into the industry from growing cycles to medicine effects, far more knowledge than some random blogger. Unfortunately after decades of persecution for promoting cannabis many of these folks are weary of publicly extolling their marijuana knowledge.
Additionally, publicly traded cannabis stocks are so new that most professionals do not cover the sector. Combine that with the fact these stocks are penny stocks, plus the questionable legality of the product and few institutions are willing to even acknowledge the cannabis stocks.
And that's where AB slimes in to fill that void. Kudos to him for seizing the opportunity but in doing so he has squeezed out far superior individuals in both finance and cannabis culture.
Alan completely blew it on the Jan 1, 2014 cannabis explosion. I continually posted about the significance of this day as did many, MANY other posters on ihub. Here are some of the stocks Alan dogged, stocks that I posted to buy and hold into the new year WITHOUT CHARGING $36/MONTH FOR A BS SUBSCRIPTION TO A LAME WEBSITE WITH ZERO ACTIONABLE INFO
MJNA up 110% since Alan's last article, his target for MJNA was .05
ERBB up nearly 600% and as much as 1100% since he posted on that board to stay away
SKTO up 150% since he told folks to avoid it
HEMP up 500% since Alan started bashing it
Geez
Next Week
We're scheduled to meet next week
Could Be the Stampede, Could Be More
Agreed that this could well be a stampede of traders coming through. BUT the volumes are so enormous, with such vast price increases of more than 100% in a day, that I am lead to believe this is new money being committed to investment. Time will tell in a week or so if the share prices of MJ stocks completely deflate because the traders bailed or if they hold up due to new interests bring money to the table.
Personally, I think this is like 1999 with the birth of a "new" industry. However, cannabis is nothing new. We already knew there is a major demand for it, so much that people risk freedom and their life to use it, bring it to market or to fight its use.
MJNA - Taking a Deep Breath
MJNA is up over 100% in a short time, mostly since New Years. Right now MJNA is pushing technical limits, just stepping out of the top bollinger band and reaching overbought status on most stochastics. Fundamentally MJNA has internal issues but they are selling goods and making progress through subsidiaries.
The recent recreational legalization has brought enormous interest to MJNA. Now is when MJNA needs to shine. Q1 is going to be a major event. All eyes are on the industry and MJNA has been one of the top players even before the hype. Should earnings show significant growth and progress, MJNA could easily reach previous highs.
Longs here know, or should know that we can't do it alone. I'm pretty much done buying MJ stocks, even after taking some substantial profits over the past few day (although I did not sell MJNA because my money was already made there in Feb 2013). New traders, new investors, new institutions are bringing new money to the table and that's what will help raise share price, along with solid fundamental performance.
I'd expect some pullbacks over the next few day but there should be a lot of momentum going in to Q1 and following through with mid-term elections. This is like 1999. A whole new industry is being born. Sure, the share float on MJNA is large but with folks like me holding around 1,000,000 shares while others hold 20,000,000 or so, there are really not that many pieces of the pie
Sorry Bud, Here's the Deal with ERBB
Technically the run up has put ERBB way outside the bollingers, over 2 std deviations from the mean. That basically shows that sustaining upward momentum is impossible without some consolidation. Most technical indicators are maxed out to the top side.
Most MJ stocks are about to aggressively push through a Golden Cross. Very bullish.
New money is coming in from everywhere; institutions, investors, traders, industry leaders....this is the result of the hype. The upcoming mid-term elections could provide significant momentum throughout the year.
One actionable PR could blow the top of this steam kettle. Who knows if the PR comes from an MJ company, the CO state government or the Feds, but with such close attention paid and exposure from recreational legalization, this is only the beginning.
$7 is Pretty Outrageous BUT....
Don't get me wrong but at 7pps, SKTO is worth over $4b. With the revenue collecting issues and questionable business activity it is highly unlikely SKTO can get there although with the recent 1999 like excitement, $7 is not entirely impossible.
Dharmanol may bring in some pretty serious revenue perhaps enough to get SKTO up to $7 but that could take some time.
$10B is Ridiculously Low
It is estimated since Jan 1, recreational sales in Colorado alone exceed $30m.
In barely 1 week, the country's 22nd (yes 22nd!!!) most populous state purchased a lot of weed.
Amortized annually that is nearly $1.6b in sales! In the 22nd most populous state.
By 2020, once the propaganda has worn off and cannabis is more widely accepted, perhaps finally fully legalized, the US could be looking at a $100b+ especially considering the high end estimates of the current annual US black market for weed is $120b.
And that is just recreational sales. Medical applications could be worth another couple hundo billions of $$$. But the real kicker is industrial applications of hemp which are endless; plastics, textiles, fuels, food....this market could be a half a trillion.
For the next few months/years this could play out like the Internet Bubble of 1999 but the real money made there was those buying in 1997 and were siting pretty when the fireworks went off
Riding High - Hype Swells as Tides Lift MJ Stocks
This is what is wrong with making statements like this (see original lost), especially as a "professional."
Yes MJNA was a dud if you have a short time frame but as I explained numerous times that buy at .16 was paid for using profits from buying MJNA in the low single digits and selling chunks at .16 and .47. Buying back in at .16 was averaging up from a splendidly low cost basis and was a long term investment/trade.
But by no means is this buy at .16 a "dud." Nor has any one of my MJNA or cannabis stock buys to date. Shockingly at nearly 900% gain MJNA is not even the top MJ holding in my "cannafund." I am a realist and will be the first to say the hype from Colorado is what invigorated the cannabis markets. This is not a fundamental boom just yet. The first quarter earnings reports will help give some guidance into MJNA's revenues and other companies as well. I took profits in ER88 and SKT0 at ridiculous gains. I am tempted to reinvest some profits but those 2 positions have taken up a lot of real estate in the fund and I'm pretty loaded up on MJNA. I am not selling MJNA until it passes my previous selling high of .47
Now it's a waiting game until Q1 earnings. I don't expect spectacular numbers but I hope to see results from the HempMeds exposure. I'd like to hear some insight regarding the Dixie lawsuit, revenues and maybe the SEC issue.
2014 should be an interesting year. Hopefully California will have recreational MJ on the mid term ballots since we blew our chance to make history in 2008. With MJNA in CA and exposure in Colorado through Dixie this company could be worth a few billion over the next few years.
Thanks FINRA
Medical marijuana stocks are up between 50-1000% since FINRA "warned" the public about potential "scams." Look there may be some shady players weeded out over time but either way, FINRA just prevented some risk takers from making a load of dough. I tried to explain what clowns these regulatory bodies are, the same ones that missed Madoff, 2008 mortgage fraud, Enron.......they have no ability to investigate, much less hold people responsible.
MJNA Can, Will, May Already Profit From THC
I know the business from MJNAs PR about not profiting from THC until federally legal and they use "licensing" for revenue from Red Dice so let's stay away from that topic. Sure MJNA might not directly profit from the sale but the "licensing" could be similar to how high end chefs "license" dishes to other high end restaurants. For example, Chef 1 may license a dish to fellow Chef 2 who owns a restaurant. Chef 1 does not work for the restaurant, Chef 1 does not profit from each serving sold, but Chef 1 gets paid by Chef 2's restaurant for allowing the dish to be served. This is extremely common in high end culinary and may provide insight into MJNA's potential or potentially already existent THC revenues.
As for Perry Coleman, his writing I wildly optimistic and not totally possible from a fundamental scale (MJNA $200pps from his call would make the company as valuable as Apple). But at least his writing is positive and optimistic unlike some others who tear down.
Right A Seeking Alpha Blogger Said It
So it must be true. These SA bloggers don't check facts, don't contact company representatives, don't have credible editors. And don't give us that nonsense about how they called MJNA's price decline in 2103 because plenty of us saw that as well.
Fact remains, nobody knows MJNA's relationship to THC revenue. "Licensing" is a legally safe word, and who knows what happens in Colorado with Dixie. Hopefully MJNA management will bring some clarity to these matters but until I hear word directly from the company, I'm not basing any investment/trading decisions on what I read on SA
Naw Bro, I'm Not Buying or Selling
I made my money today. I was planning to wait until Q2 2014 before offloading shares for losses but the past few days brought a good exit for me if you read my holdings disclosed here in November. I sold less than 50% today but it paid for the remaining house shares in my portfolio and let me with some liquidity to work or play with.
Tomorrow I expect a pop then sell off or a slight sell off across the board. Most MMJ stocks are up 30-500% since Jan 1 so it could get pretty bumpy here. Of course, I think .02 is entirely possible. Even at 600m shares traded today, at an average of .0065pps, that's still less than $4m in total activity. My guess is a small fund is sniffing around and buying some shares. I have some unconfirmed rumors of individuals buying on behalf of institutions and other rumors but fact remains, there is accumulation going on here. The frenzy is 1999 like where people are just throwing cash around just to have a stake in the game.
2014 highlights could include:
PR any day from a company disclosing revenues from THC based products, MJNA and ERBB are both in the Colorado scene.
Q1 numbers from recreational/medical sales show effects of hype
Q3-4 mid term election cycle - MJ could be a big issue, more recreational legal states like CA
For ERBB:
Dispensary/sales news, RFID machines.....who knows where this little gem lands but it sure added a shine to my MJ Mega Fund.
Bro, I'd be in ERBB at under .01 and have seen these stocks rip a few hundo % in less than 2 trading sessions. I may sell a little more at .10 if we get there but that's a $250m+ market cap so I'm not holding my breath. However, if the Altitude Organix Network vending machine is legit $1-10b as in billion is possible, or .50-75pps for ERBB. Pie in the sky but fun to imagine
Today Was The Day For Profit Taking
I took some. Up about 400% for the year! it would have been foolish not to. I do expect more growth seeing that MD8X is now valued over $350mm. If ERBB had that valuation we're talking .35pps
RFID machines, just the RFID alone could be bank. Product lines, dispensaries.....vertical integration.....money to be made
31mm Shares in a .015 Range is Encouraging
That is something for big caps. MJNA and pennies usually pop or drop on high volumes but it is encouraging to see stable, active trading. I sincerely do think some of these penny stocks have some dollar potential. This year started with incredible hype and will likely close with some more incredible hype including the possibility of California passing legislation for recreational legalization as well as other states.
Yes MJNA stated they do not draw direct revenue for THC sales but who knows where the "licensing" comes in. The dispensary I shop at also uses US Bank (major institution) for credit card transaction which should by all means be federally illegal under the Controlled Substances Act, BUT SOMEHOW THE MONEY IS TRANSACTED.
I have some large meetings in upcoming weeks and will keep the board posted.
Lots of Money To Be Made
I definitely plan to shed some more of these holdings but today just blew away my Q2 2014 timeline. I dropped a large chunk today because the money to be made was too good. That has more than paid for the position and then a lot more.
ERBB just went from portfolio chump to portfolio champ with the 140% gain today and nearly 400% gain this year. Like I said in the original post, the hype is there, now ERBB just needs to follow through.
Thank You ERBaBy! Pay Day Today
This is my 2nd most fav cannabis stock. I have posted 36 times here and only 250 on another board that was a big winner for me. I'm in ERBB at .0017-.003 and just dumped a chunk at .008. Paid for the whole stash, now it's house shares in my bank and I got some free cash too. Don't know yet if I'll be putting the profits to work or to play.
But I do know that ERBB is one of the few here that has big prospects. Colorado is very strict with their recreational regulation and an in state vending system could be a lucrative product. If the machine serves well in the testing ground that is Colorado, ERBB could be licensing the machine across states, and not just for cannabis. This could be a billion dollar opportunity.
Don't listen to the haters who say ERBB is not affiliated with Altidude Organic Medicine dispensaries. Call up any Taco Bell or KFC and ask the employee if they've ever heard of Yum Brands. Ninety percent of the employees do not even know that Yum Brands is the parent company of Taco Bell or KFC.
Who's Gonna Be The First to Issue PRs?
I'd expect several MMJ and RMJ companies to issue a PR announcing their "entry" into THC. Let's just say birds are talking in CO
The Day After
Epic is the only was to describe Jan 1, 2014 in Telluride Colorado. In a town of 3000 year round residents and twice as many tourists there were 2 shops selling recreational cannabis, the Telluride Green Room (TGR) and Alpine Wellness Center. Alpine was actually closed at 2pm for supposedly having improper packaging. The town had a state monitor pinballing between shops to enure legal compliance.
The Telluride Green Room had a 30 minute line all day. When TGR opened I took a picture of myself out front holding a local newspaper with the headline "prohibition ends" and a large leaf. Immediately the long line began cheering followed by numerous requests to use the newspaper for a similar photo op. When we came back later in the day people were talking pictures with the same paper including a 50 year old dad with 2 teenage sons and his wife. What surprised me was the variety of people in line; younger groups, older groups, people from all over the country travelled to Telluride just to experience the historical day. The excitement was exceptional and without end.
My visit to TGR was fun. I did purchase a gram just because it was historically symbolic. I was able to get a tour of the shop since a close friend was also close with the owner. Unfortunately, TGR was unable to sell edibles on day 1 because of their inability to meet packaging guidelines but they had plenty of herbal supply for the customers. The quality was average (I'm still partial to my home state of California for the best cannabis in the world) and a little pricey but the cost reflects the extraordinarily high taxes.
I talked to the owner of TGR about Dixie and MJNA. Unlike Los Angeles dispensary owners, the TGR owner knew of both MJNA and Dixie. The TGR actually carried Dixie and liked the product. He was also very sympathetic towards MJNA as it may help keep big corporations at bay. We discussed economies of scale and what happens when players like Altria get involved which is a big concern in this homegrown industry.
There is just too much to discuss and I don't have the time to post. I haven't even had time to check my stocks but I'm pretty sure it's been a good year so far. Hopefully others here have benefitted from listening to the movement, and not to those who are leeching on to the end of cannabis prohibition as a way to resurrect a career or spread fear into those with brave hearts.
Be well and I'll be back with more info from CO.
"Nothing" Huh?
Just like the OJ case was ONLY about murder? Not race. Not celebrity. Not money.
And just like how companies only sue when they have been wronged, not to weasel out of a deal they feel unfavorable. No company would ever decide they don't like their existing partnership and therefore try to sue their partner on other grounds in order to dissolve any relationship.
The Dixie case reeks of a disgruntled company that may have entered into an agreement their officers feel is unfavorable. Of course Dixie doesn't mention complaints about licensing fees because the company does not want to come off as being greedy but wants to be portrayed as the victim in a breach of contract. Read between the lines and then you might find some real uncomfortable "truths."
Perhaps Dixie thought full scale recreational marijuana legalization was still 5 years away or doomed to get caught up in federal legality issues, and therefore entered into a partnership with MJNA that seems less favorable as Colorado is just days away from legally selling cannabis
Dixie In the Denver Post
http://www.denverpost.com/news/ci_24802218/denver-issues-finalized-licenses-recreational-marijuana-stores
I'll be in Telluride, CO for New Years and plan to do some legal shopping on the 1st. Then it's on to Denver to meet with some industry experts, including Tripp
Gee Doc, I Wonder If This Relates to....
The lawsuit!!!
Quote:
Red Dice Holdings and MJNA does not and has not received any revenue from those operations and does not intend to, until and if marijuana is federally legalized. The company does plan on charging a fee for its use when it is in the best interest of the company via its licensing fee.
My guess is Trip and Dixie are PO'ed at MJNA because MJNA is exerting their right to charge fees. This is so typical in business, that one partner feels shorted and the result is a lawsuit. It's an unfortunate, yet typical part of business across the globe. Of course people here are acting as if a lawsuit will be the end, but this is just the beginning.
Right Thorne, THC IS Illegal
Thanks for pointing that out, as if the 80 years of cannabis prohibition and propaganda wasn't enough to remind everyone.
But this federally illegal THC preventing profits argument is just ridiculous.
1. Every dispensary, medical or recreational, pay rent. Therefore landlords are indirectly profiting from THC sales, BUT the Feds already tried to pressure landlords and that failed.
2. Edible makers, many who produce products in their own homes, directly profit off THC by selling their goods to dispensaries but the Feds are not raiding them.
3. US Bank handles credit card transactions at many dispensaries in LA. How do you explain that? Are you even aware that one can buy THC with a credit card.
There are so many examples of individuals, companies and corporations directly and indirectly drawing revenue from federally illegal THC sales. I don't have the time to point out every one.
And how are you so certain MJNA will not benefit from Dixie if Dixie is a wholly owned subsidiary if Red Dice, a subsidiary majority owned by MJNA? The Dixie lawsuit may be directly tied to the THC revenue questions.
Let The Cash Flow Begin
High Times magazine looking to raise $100m for investment in the cannabis industry.
http://www.cnbc.com/id/101297399
Maybe it's just a pr chest bump for High Times to stay relevant but this could bring some serious green in the new year
Interesting Charts BUT
For what it's worth, here are my opinion on MCIG and PHOT
MCIG
Portable vapor cigarettes are pretty awesome. My brother in law got me a yet to be gifted vapor pen for Xmas. Since I will be given the gift on the 24th I do not know the brand. From experience, I have used the G Pen wax version and it is a great delivery system. Clean, effective and exceptionally discreet as I hit a G Pen in an office without worrying about stinking up the joint with traditional smoke.
BUT here as my caveats with vapor pens;
The heating element is often too close to the oil, wax or herb causing combustion. This is not always the case with all products but can be an issue with many. My biggest concerns are the long and short term effect of water vapor delivery. Some doctors I know claim the water vapor can be harmful as the element super heats the mixtures. Along the same lines, introducing water vapor into the respiratory system is similar in effect to getting bronchitis. All it takes is one credible medical statement regarding the bronchitis issue and MCIG/vapor related companies will freefall.
As an equity, MCIG has decent fundamentals with a manageable float, although the AS leaves a lot of room for dilution.
PHOT
GrowLife is a pass for me. Having been involved in indoor cultivation for quite some time, I find the market to be flooded with existing options for indoor grow systems. GrowLife has been selling Phototron systems for some time and there are plenty of similar systems on the market. In all my years being around growers, never once have I seen a serious grower purchase or use this equipment. Self contained indoor systems are for amateurs who don't have the time to build a proper system but have the money to waste on an overpriced setup that doesn't yield much crop and breaks down quickly. These systems remind me of the VCR/TV combos where if the TV breaks you are left with a bulky VCR and vice versa. As for the greenery website...sure there need to be discreet about growop purchases is gone with medical and legal marijuana, making online purchasing easier but I'd much prefer to develop a relationship with the local hydro shop or greenery. The LED systems are a joke as any indoor grower will tell you. Flouros for rooting, metal halide for veg, and high pressure sodium (hps) for flowering. Period.
I don't see PHOT as a serious contender, especially with large scale industrial/commercial gardens. Their LA shop is nothing special and most major cities already have established stores, making PHOT's best option to acquire existing businesses which is an expensive endeavor. Comparing their brick and mortar stores to Apple Store is just laughable.
The fundamentals of the equity are decent and as many like to tout, they have existing products on the market but I'm just fine avoiding PHOT.
One Trick Pony - You Do the Math
You play one stock, PHOT, for 3 months a did pretty well. How about those who bought MJNA in November 2012 through February 2012? They destroyed your 75% with 400-2000% gains in 3 months yet all you utterly fail to acknowledge the success there. Keep playing PHOT for another 9 months an maybe then we can talk about trading success.
I can assure you neither your cannabis "experience" nor your analyst "experience" impress me. As if your 30+ years of market experience leading you to chasing penny stocks and shilling on message boards to promote a hack website isn't bad enough, in our first few exchanges you claimed there was no need for you to contact companies like MJNA for official company lines on issues despite my insistence of that being standard protocol for an analyst. Developing a relationship with a company is Analyst 101 yet you were totally dismissive of the need to contact MJNA or IR.
Your response to my statement about your volunteer work says far more about you than I can to know. However, I am not scolding you for the activity, I am merely explaining that it is somewhat oxymoronic that you are counseling your about "spiritual" endeavors all the while counseling folks on cannabis based investing. I wonder what the parents of those youth would think about your involvement in the marijuana industry. Surely you will spin that into some sort of favorable light for yourself but last I checked most religious folks, and in fact most folks in Texas are not so favorable of cannabis.
How About These Numbers
I realized multiple $10,000s from my MJNA trade, added to the remaining shares and am still above my cost basis with new shares. Oh year, I even threw in a short position which netted some good coin despite not being worth the effort of transferring shares to my Merrill portfolio since ETrade wouldn't allow me to short.
So please remind ME how that was the "wrong pony".
Even if MJNA is shut down, I'm positive on the profit side. AND, back in March before I read a single word from you, I called the drop, posting about how MJ stocks pop in the start of the year and fade throughout the following months.
"I truly hope they get their act together, but I wouldn't bet on it"
That has been your mantra to appeal to MJNA folks only to sell your site.
420investor Real Big Player
I just looked at the site for the first time and was utterly shocked when I clicked on the "view portfolio" link. Is this guy serious???
He is trading in 8000-16000 share blocks, totaling less than $1500 per trade. For someone claiming to be a market professional with 30+ years of experience that is downright laughable and utterly sad. The profits from that are so meager. And if Alan claims to be "recommending" PHOT at .046, why are the trades initiated at 100-300% greater share prices? Looks like the guy isn't bright enough to take his own advice.
And did clown burger get cold feet holding PHOT at .14 cause he bailed on that trade for the price of 2 happy meals? Boy the way he has been cheerleading PHOT, I would expect a bigger swing even at the double digit share price.
Bottom line is this guy's "MJ stock analysis" is amateur at best. The MJNA drop is something anyone with a brain saw coming, as I did and posted about how MJ stocks boom in the first quarter followed by a fade throughout the year as both MJNA and CBIS have done. Alan has ZERO prior cannabis knowledge, has the market history far inferior to even most message board posters, and teaches a youth church group which are hardly known for their support of the marijuana industry.
I'm just saying.....
How About This Interpretation
Waiting to buy is typically a smart move with large cap stocks although even in that instance it can burn the investor. I bought @APL when the iPod and iTunes were a pipe dream and Macs were still a niche computer. Had I waited to buy, as suggested by many, I would have missed out on 2000+% gains.
With MJNA (and I am slowly realizing with many active penny plays) waiting is a bad idea as it vastly decreases buying power because these stocks can easily double, even triple overnight. I got in around .03. In a few shorts months, that became .12 then .16 and literally I woke up one morning to see .45 overnight.
So had I "waited" as you advise, I would not only have been unable to buy such a massive position at a ridiculously low cost basis, I probably would have eaten crow by buying at the unsustainable highs.
It's always "I ilke MJNA but......", "I want to recommend MJNA but.....", "the company is taking the right steps but...." At some point, one would move on but you are using MJNA as a personal spring board to launch your cannabis investing website and only track MJNA because it has been the most popular equity in the sector.
What a Ridiculous Question?
You do realize that most of the popular cannabis "branded" items are made in people's kitchens? Bhang Bars, Hubby Bars and other edibles sold in LA based clubs are made in individual's kitchens. You also realize that Apple computers were once built in a garage. Some people, like Mike Markula from Intel were smart enough to see opportunity before it was mainstream and the investment paid off. There will be groups in the MJ industry that will do the same considering the industrial, social and medical applications of cannabis has potential to be a half-trillion dollar industry.
The domestic US black market for cannabis is estimated between $40-120 billion.
The medical market could be twice that should clinical testing confirm the health benefits of cannabis.
And the industrial application of hemp could be 10 times the social and medical markets, with uses for hemp including plastics, textiles, fuel……..
I'll throw a few bucks at SKTO to be in the game
Tamar is Disgruntled, NOT a Whistle Blower
MJNA, RSHO and the CBD formulas in question are award winning so either the organizations issuing the awards are frauds/wrong, or Tamar is "disgruntled". There is nothing lethal or life threatening with MJNA's CBDs, therefore when a terminated employee makes statements like Wise, it stinks of childish unprofessional behavior in the same vain as an ex-McDonalds employee disclosing that the good is not healthy. Maybe the food is not healthy, maybe the CBD compounds are not 100% pristine but neither are life threatening or require public disclosure. Vitamins and alternative health compounds are constantly being questioned for their validity but when a terminated employee makes statements such as Ms Wise, I don't think it means much
It's Called the Uptick Rule
Basically when a stock was falling, traders could not short an equity until there was an uptick. I don't have time to go into details but the rule was removed by GW's crew and then reinstated during the 2008 collapse. However today the rule has been stricken and there is no uptick rule in place.