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Why Increase the Float to 1.2 Billion?
Did you not see the SJC meeting hearing that you failed to believe was significant?
They actually discussed the need for legitimate banking in the marijuana industry and the need to put an end to the dangerous cash only business. Can you believe the US Senate is discussing allowing banking into the marijuana industry? All the other stuff; legalization, decriminalization, rescheduling, safety, access has been discussed for decades but NEVER before has Congress addressed allowing legitimate banking interests to be involved is the marijuana market.
That opens the flood gates. DAG Cole acknowledged that suing states to combat the initiatives past is "off the table." Once banks get involved, the market will completely change. The greed of criminals has been enough to develop the $100b plus annual black market for cannabis, just think about what the greed of banks and financial institutions could do with the legal cannabis/hemp market.
So again I ask why would MJNA increase the float now? Keep pressing along with marketing and new product development, work on providing complete financial reports, work on liquidating some CANV assets..........AND EXPLORE AVENUES FOR FINANCING FROM INSTITUTIONS
New Jersey is already committing capital to the cause. With MJNA a leader in CBD/Hemp Oils and having a far more "medical" role than most cannabis related companies, I would think CO and CA would be as likely as Jersey to invest.
http://www.nj.com/politics/index.ssf/2013/09/egg_harbor_medical_marijuana_dispensary_gets_357000_loan_from_nj_economic_development_authority.html
2014 Is The YEAR of Green
With and mid point election cycle for all of Congress, and a time to establish new front runner for the Big Chair in 2016, I believe 2014 is a pivotal year for cannabis. Candidates will be forced to address the issue. Cannabis could be a platform for some politicians; it's a states rights issue, it's a "overreaching" federal government issue, it's an urban and rural economic renewal issue, it's a personal liberties issue, it's a health care issue, it's an employment issue, it's a.......you get my drift.
MJNA has had a great 2013. Even at .16, MJNA is up a large percentage from the Jan lows. The company needs to line up the ducklings and make a made dash across the road to whoop the chickens behind for teasing the duck family from across the road
BOOM Indeed, C'mon California
Man I can't believe CA wasn't the first to recreationally legalize considering it was on the ballot in 2008. And no Jersey beats up to the financing. What's next Texas is going to legalize gay marriage before CA
C'mon CA, kick MJNA some cash for marketing and development!
MJNA is Seeking Alpha's Little Attention Grabber
Who cares what they write about MJNA? All the information presented there can be found elsewhere or by making a call to MJNA. There is no actionable information about MJNA in any of the blogs or articles by any of the authors.
That article is the first SA article I have read in a while.
The author claimed that marinol sales was $100 in a year which is a glaring error and says loads of the "editing" of that "publication." The same editors have kicked back 3 of my "articles" I submitted for far less glaring infractions.
Stop clicking in those sites and develop better sources for MJNA info. I noticed in the comments section AB's SA "articles" almost 50% of the comments are actually just replies from AB, which is just another ploy for him to gain pages views of repondents who come back to see the reaction and also to make it seem as if there is more interest in the article than there actually is
Scam? No. Refer to This Thread
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91926763
The Impact is Truly Enormous
The market and industry has yet to even digest this information. The discussion showed some of the most significant progress to date in regards to legalization efforts, especially related to the business. For decades decriminalization, legalization, and rescheduling has been discussed in the halls of Congress. HOWEVER, never before has the idea of allowing banking in conjunction with cannabis distribution been a topic of discussion.
This is remarkable. The SJC has confirmed the debate is no longer about the legality of the state measures or any attempt to combat them, but the dialogue has moved on to how these measures can be best introduced.
And the real kicker is the banking. The industry needs capital investment.
The way is long but MJNA is taking point on this journey. Get some!
RSHO is Compelling
I have checked Hempmeds site and am impressed with the available and upcoming products.
Here is an interesting anecdote:
My parents have an epileptic dog that suffers from seizures on a regular basis. Currently the dog is on a cocktail of three different pharmaceutical medications. As the pooch's condition deteriorates, the dosages are consistently being raised, now costing over $250/month and much more in vetrinary care, Ivy League vet school visits, along with ruined furniture from side effects like "leaking" where the dog accidentally urinates.
My parents are aware of the recent advancements in treating epilepsy with cannabis, although they still have the typical view of getting the dog "stoned" for treatment, despite my explanation that CBDs and hemp oil are non-euphoric compounds. After some discussion, my parents are not ready to switch medication or even supplement the current regiment with hemp oil.
My counter to them is a simple analogy;
When you have a stripped screw that you are trying to remove and no amount of torque, pressure or force with a screwdriver seems to work, at some point you simply have to switch tools and try another method. Maybe it is oversimplistic, but in the case of modern western medicine, the drugs don't remove the proverbial screw and all the additional application of force symbolizes the tolerance built by overuse.
So the dog started on xxx milligrams of each drug and the seizures were relatively under control. But then 6-12 later the drugs are not as effective, therefore the dosage is raised and another few months pass before the cycle is repeated. Pretty soon the dog is leaking regularly, experiencing rapid and large weight fluctuations, and other increasingly harmful side effects.
Have no fear for my parents or the pup because I will just buy them the 10g tube for them to use when ready. But what does this have to do with MJNA?
Well, I checked the Hempmeds site and was a little surprised to see the cost of the RSHO. Fortunately, money is not an option for me or my parents, but at $500 for what appears to be a 10 day supply, that is a decent piece of coin. I probably use $20-100 worth of cannabis edibles or smokables in the same time frame and that can add up. Without health care subsidization, the RSHO would be a large expense for most folks. I do understand that MJNA and Hempmeds are operating in the expensive health care industry and the companies also need to recoup development costs as quickly as possible but the price point seems like a difficult barrier.
Anecdotes aside, the most important part of my Hempmeds website visit is that MJNA is working to bring legal CBD to the market. Since MJNA supposedly doesn't operate in the THC sector, they should be able to raise capital from traditional banks and institutions. Anyway, I was impressed and see good things from all this
Thanks Doc
I typically do my own DD but I got lazy. Moreover, I feel you are a trusted source and the info you just provided is easily verifiable, especially since I know where to look based on what you posted.
Thanks!
Ha! Very True Tinsel
Yes, "stoners" are typically paranoid if you follow the mainstream view. And to some extent it's true. Maybe it's because unlike Xanax or Prozac or Ritalin or Adderall, cannabis doesn't turn the user into a zombie. Maybe that why cannabis is so feared because it causes users to question traditions and authority.
Oddly enough, I live in Los Angeles and I leave my home unlocked as if I was living in Mayberry with Andy Griffith. I'm don't think I'm paranoid but that's me.
Regardless, FINRA did not name names which is also highly suspect. Obviously they didn't because that would open serious legal consequence if FINRA wrongly accused a company.
FINRA also did not reference any specific pending investigations which makes one wonder what sort of action could even bet taken should they be correct about certain MMJ stock "scams."
Hey Doc, Is That an MJNA Subsidiary?
Is US Hemp Oil an arm of MJNA?
That protein mix looks pretty interesting. I use a hemp seed protein mix from another company and the percentage of protein is about 1/3 of the mix you posted.
Of Course Kids Shouldn't Have Access
Nor should kids be pumped full of high grade amphetamines like Ritalin or Adderall, cooked up in a lab to treat questionable "conditions" developed by greedy, ego maniacal doctors and medical "experts" in an effort to generate profits for billion dollar "legal" drug empires. I was prescribed Ritalin as a kid and knew plenty of kids who were given much stronger drugs and drug cocktails. I've also had my fun with illegal substances but of all the legal and illegal drugs, THC is the only one I enjoy as well as the positives being greater than the negatives. Well maybe except for LSD, psilocybin or MDMA, but those substances cannot really be enjoyed regularly on a long term basis.
Of all the medicines and recreationally used/abused drugs, I think parents, doctors and kids should be least worried about cannabis/THC. The most "dangerous" proven side effects from THC are drowsiness, dry mouth and in rare cases, a slightly raised heartbeat. Fatal overdose of THC is absolutely impossible as it has never occurred in the drug's 4000 year recorded history of use and it is estimated a THC overdose would require hundreds of pounds of THC (as in hundreds of pounds of the actual THC compound, not the physical weight of the plant matter)
On the other hand, an overdose of Ritalin, Adderall, OxyContin, Vicodin, Lithium, Prozac, Xanax, alcohol, Advil, Robitussim and other "legal" drugs include;
Brain trauma, heart attack, severe physical/mental dependency, blood clot, vomiting, deterioration of organ tissue, permanent limb damage, among other debilitating side effects. Oh yeah and there's that whole ACCIDENTAL DEATH FROM OVERDOSE on the legal drugs listed above.
The fear of THC is subsiding and equally as important, the awareness of its potential is at a fever pitch. Unlike other CBD or cannabis consulting stocks, ERBB seems well positioned in the direct THC sales through the Alttidue Organics dispensaries. The vending machine and Yo! Card hold a lot of potential if Tranzbyte can get them marketed and operating properly. So far I have only seen the graphic mockup of the Altitude Organix Network vending machine, making me a little skeptical about that project. But my dispensary in LA has a traditional vending machine with edible and smokables. I like using it if the line for goods is long or if I just want to get in and out quickly. The real potential for a machine like that is in recreationally legal states like CO where they could be in a liquor store available for adults over 21.
Total BS, Where Do You Get Diluting?
As of yesterday's SJC, the Feds agree that keeping the marijuana businesses in legal cannabis states a cash operationis dangerous and difficult to regulate. Allowing banks to get involved not o ly alleviates these concerns but it also opens doors to financing. Also, who knows what sort of undisclosed CANV share sales MJNA is executing to raise capital.
I ask again who, what, where, when and why are you claiming MJNA is diluting?
It's an Attempt to Scare Investors
There are so many scams out there....alternative energy, common energy, alternative medicine, traditional medicine, 3D printing.....the fact that FINRA has singled out cannabis stocks is highly suspect. The fact that this story is being circulated in mainstream media only serves to make the release more suspicious. AND it's been several weeks since FINRA issued the release, yet suddenly Yahoo is putting it on the front page?
The alcohol, tobacco, pharmaceutical, law enforcement, prison and political systems all have a vested interet in keeping cannabis illegal and preventing smaller companies from dominating the changing marijuana market. Those are some pretty devious organization that employ dubious tactics to protect their business interests.
Smokescreen
A comment in the lower section of this webpage says it all;
This story is likely a plant from a party interested in
A. Keeping marijuana illegal
B. keeping MMJ companies from growing in popularity
Why would anyone have a concern for cannabis stocks being scams? How about all the "alternative energy" stock scams or other "medical" scams? Or traditional scams like Eike Batista's oil equity, OGPXY?
I posted it before but FINRA is a complete clown show. Where were they in 2008? Or with Enron? WorldCom? Madoff? My friends girlfriend works for them and has been working out of town to take over finances of a defunct scam company. The girlfriend's coworkers at FINRA are bickering so badly about personal issues they can't even share a car ride to the headquarters of the very company they are advising. Seriously? Those are the people "regulating" financial markets. They can even regulate their own emotions!! N
Bizarre Cup and Handle Formation / Golden Cross EMAs
If the pps rises to .24, the right part of the handle will form. Also there 50/200 Exponential Moving Averages may crossover for a bullish Golden Cross. The low side is .11 due to a gap from June and the high target if the cup and handle is .28 but with recent fundamental developments the high side could be far greater.
http://stockcharts.com/h-sc/ui?s=MJNA&p=D&yr=0&mn=0&dy=1&id=p69877881407
Dude Ill Check This Out
Answers:
A. MJNA doesn't need to "pump more shares." Did you listen to the Senate hearing? The door has been opened for institutional financing. Additionally, MJNA states they do not profit from THC based sales which could also make them a viable investment for traditional financial institutions. Also, it is possible MJNA is liquidating some of their CANV interests to raise capital.
B. see answer A
Who knows what the current float is? It has been endlessly speculated here and elsewhere with no final answer or maybe somebody actually did hear from MJNA regarding the issue and I missed the post. I'll wait until MJNA provides the final audits or more clarity on that.
Good luck trading MJNA. Here is a question for you:
Are you trading the short side and if so what platform are you using to short shares?
Senate Committe Was HISTORICAL
Legalization, rescheduling, failed policy, medicinal use....many of the topics discussed at Tuesday's meetings have been discussed and debated in Congress before but the new dialogue regarding finances is what's sets the hearing apart, making it a truly historic event.
The discussion about the dangers of a cash business and the need for proper institutional financing is truly remarkable to hear considering the tenuous, quasi legal nature of marijuana across the various United States. The government is being forced to accept the new movement and there is no more clear indication of this than focus on the financial aspects of this ever brightening market. While some of us appreciate the social, spiritual, medicinal and humanistic appeals of cannabis, the truth is in our capitalist nation, money makes people listen more than all else.
The billion dollar question is now who will be the first to secure financing?
I would think MJNA has a pretty good lead here. Firstly, MJNA purports to only be involved in the non-THC market but the recent meeting and previous week's statements from Holder seems to be more flexible regarding THC sales in legal states. MJNA has credible products on the market and could use investment capital from banks to boost marketing efforts and expand supply chains.
Dr. Sabet Cites An Increase In Marijuana Overdoses
Oh no! There has been an increase in young people being admitted to ERs for "marijuana overdoses", especially because of edibles!!!!! MARIJUANA OVERDOSES!!!! HAHAHAHAHahahahahahhaaaaaa!
So a couple dumbasses couldn't handle their cookies. Last I checked the cure for a marijuana "overdose" is a bag of chips and in worst cases, a few hours of sleep.
Last I also checked, overdosing on alcohol, pills, heroin, meth and every other drug EXCEPT MJ, meant a serious visit to the ER and in worst cases, DEATH!!!
And the marketing to kids issue.....CMON....are you kidding me? Think of all the titties in beer ads. Who likes titties the most? Teenage boys.
Dr. Sabet represents an old way of thinking. Even my 65 year old parents who used to be deathly opposed to marijuana have seen the light.
Allowing Banking Directly Addresses Nearly All 8 Points
Point 2 - Prevents money from going to gangs/cartels by legitimizing the revenues.
Point 3 - Legitimate growers will not want to risk trafficking mj from legal to illegal states. Of course a small few will get greedy, but overall it will not be worth the risk.
Point 4 - Legitimate mj retailers will have less incentive or even pressure to sell outlawed substances. Like point 3, some will get greedy on this but regulation from "seed to sale" will make it harder to report illegal income.
Point 5 - Taking the cash flow away from cartels/gangs as well as switching away from a cash based business will greatly reduce the violence.
Point 7 - Growers will not need to use guerrilla operations if they can legally generate income in their own property.
As a result of all this, Point 1 should (access to minors) also be greatly reduced. Because of strict regulation, it is harder for a minor to purchase alcohol than illegal drugs.
And I personally consider point 6 (drugged driving) to be a non-issue. I drive stoned daily for nearly 20 years and have only been in 1 accident when I was 18. Ironically, I wasn't even stoned in that crash, just young and stupid and going waaaaaay too fast in a car that way way too powerful. Sen. Grassley's comments about a "114% increase" in marijuana related auto fatalities is a farce. How many of those accidents ALSO involved alcohol or other drugs? Did that supposed 114% increase contribute to an overall, statewide increase? And how was it determined cannabis was the exact cause; blood tests? THC stays in the system for a long time, especially after regular use so an accident victim may not have smoked for a week or two but could still test positive for high amounts of THC. Ultimately, about 30,000 people die annually from drunk driving, which in a nation of 300,000,000+ is less than 1%, therefore statistically irrelevant.
Shoot Lee Once NY Goes Medical/Recreational...
I'm retiring from my career in film/tv and opening up a shop. Got the capital, got the growers, just need the GREEN light. Maybe I'll contact ERBB about an Eastern Altitude Organic Medicine shop!
Choppin' Broccoli!!!!
This is the best outcome of this meeting of blowhards. All the anecdotal crap from Grassley and others was merely a continuation of a decades old dialogue but the idea of allowing banking interests to lend to cannabis related enterprises shows that the Feds realize there is no stopping the movement. Legitimizing the financial arm of the cannabis industry fits squarely into DAG Cole's "8 Points Memo", effectively removing the gangs/cartels from the cannabis market, as well as keeping the money within the state tax coffers.
This is just the shot in the arm ERBB needs!
Now thatsa spicy meataball!!!!
Man of Action - 250k Shares at .16
Unlike certain professional "bloggers" who call out random numbers between .05 up to .30 and endlessly blow hot air about fundamentals, I put my money where my mouth is, purchasing 250,000 more MJNA shares at .16-.162
My intention is to hold until end of Q1 2014 or sell 100,000 shares at .35
Unlike the bloggers and blow hards, I think this Senate meeting bears significant effects on MJNA and the mmj equities. Markets hate uncertainty and this event should provide some clarity, hopefully paving the way for legal financial infusion into the mj sector.
Tomorrow Will Be My First MJNA Swing Trade
Until today I have been playing MJNA to build a position. I have successfully built a position of more than a quarter million shares, mostly bought at .03 and some at .18, selling at .16 and .47.
Tomorrow I will buy a large chunk at the open with the intent to sell in the first quarter next year. Earlier in the I posted that most MJ stocks pop in Q1 and fade throughput the year. Sure enough it played out as expected and I am ready to execute some trades.
Link to Senate Webcast
Lets hope they discuss the financial ramifications. The legal aspects are inevitable, but I'd like to know how that will affect the business of marijuana.
http://www.judiciary.senate.gov/hearings/hearing.cfm?id=094c28995d1f5bc4fe11d832f90218f9
CBIS Will Be First to Receive Institutional Money
CBIS is broke right now but the company has shown serious progress in the medical applications of cannabis. Since the Feds/DOJ has acknowledged a "hands off" policy regarding compliant cannabuisnesses and the depending on the upcoming Senate hearing on Sept 10, I think CBIS has a good chance of getting institutional interest. CBIS board members and execs have some serious connections to big money.
Hey Brizzle Check Out The Numbers
Remember @MZN. Back in the day, and still some recent quarters, Amazon failed to make profits. Or how about fedex. When the company started many decades ago, they lost nearly $1m per month.
It takes time to build a business especially in a sector with such tenuous legality issues such as the long prohibited cannabis market. MJNA has a loooooong way to go, but I will tell you that I am a "serious serious investor" with a portfolio full of blue chips, bonds, funds and spec plays. MJNA is one of my darlings in the spec play category
September 10 Senate Committee
This is enormous. The market hates uncertainty and right now the direct conflict between national and state policy towards cannabis is causing much discord.
While I don't expect the Senate to make any quick moves, just the fact the issue is being addressed gives me confidence that this industry is gaining legitimacy.
ERBB is perhaps one of the most tenuous because the company is affiliated with actual THC based cannabis sales.
ERBB - Technical Alert
Yesterday's long black candlestick was followed a gravestone doji. This usually signals the end of bearish pressure. A bullish follow up would be confirmation.
Could be indicating a change in trading positions in anticipation of the Sept 10 Congressional hearing regarding the national cannabis policy?
Medicinal Alcohol
While MJ and alcohol are drastically different, one can only hope MJ follows alcohol's path to legality.
In the 1920s doctors actually prescribed "medicinal" alcohol to patients in the same way MMJ is described today. And the year following the end of prohibition alcohol sales ballooned from an estimated $10b annually to over $100b/year.
One of the only times the US Constitution has been used to "restrict" the rights of US citizens was through prohibition. Ironically many of this country's historical documents are scribed on hemp paper.
What the fack is going on here other than a major cabal of liquor, pharmaceutical, prison and enforcement industries blocking the will, and more importantly, the rights of Americans to choose their preferred method of medicating or relaxing.
Facts:
In a single year, Advil kills more users than cannabis has EVER killed.
Cannabis is a medicine that can be grow by the user, striking a nerve with the pharmaceutical industry who has a death grip on the production of "medicine" that can only be cooked up in labs.
Police, especially the DEA realize that 70% of their jobs will be compromised, leading to layoffs, budget reductions and god forbid, the authorities doing real police work.
As an MJNA shareholder, these issues are frustrating.
As a US Citizen, these issues are deplorable.
It's time to rally folks. Not just MMJ stocks like MJNA but as a collective group being denied rights by the very institutions that are supposed to grant and protect our rights
If You're Moving $20,000 Per Position
I would recommend options spreads in a more volatile equity like A@PL.
200,000 share lots of MJNA are not the most liquid trades and a good options spread or straddle could yield far greater gains with a similar level of risk.
MJNA, like all MJ stocks, is a complete lottery ticket. MJNA with either go big or go bust but chasing it with $20k loads for $1000 rewards seems to me like a lot of unnecessary leg work.
Great Trade?
MJNA barely trades over $1,000,000 or 5,000,000 shares in daily activity. MJNA typically only moves .01 per day and often to the downside. Add to that, most brokers won't allow you to short MJNA and I don't know where you get off calling this equity a "great trade."
MJNA, like all other MJ stocks, is a total crap shoot. You want to see a trading stock? Try A@PL. Billions of $$$ trade daily, it's incredibly liquid, you can trade both sides, you can trade options....that's a GREAT TRADE!
If MJNA is a "great" trade that certain blogger is a "great" analyst and I'm Al Capone
FINRA is a Complete Joke
Look the SEC can't even properly enforce The Street. The clowns at the SEC completely missed Madoff's $25b scam AND they received well documented complaints from journalists who proved Madoff's scam had absolutely zero holdings.
My friends girlfriend works for FINRA in LA. She's hot as the barrel of a just fired AK-47 but she's about a smart as the stock of the gun. I just had dinner with them this weekend and was treated to her work stories about the latest case in which 3 of her co-workers had to be physically separated because they had such bad personal confrontations. We're talking about some real pros here
Agreed, It's Amateurish
A professional accounting firm would certainly help or at least someone at the company familiar with formatting a PDF to have keywords/search capability. Maybe MJNA hired a bunch of ex-Dunder Mifflin employees?
I think as they grow, especially with a $100m+ market cap, MJNA will absolutely need tighten up their earnings releases. I have said it several times but the reports read like a high school business proposition. But credit to MJNA for releasing in a timely manner. If there are any motivated shareholders, maybe you could contact MJNA and suggest better document formatting. In the meantime, I'm okay using the 2-fingered scroll on my MacBook to reference specific sections on the PDF. Despite my affection for cannabis or the misconceptions of its use, I'm not too lazy or stupid to do so
Doesn't Sound Like You Really Know PDF
Firstly who gives a rats behind what sort of PDF format MJNA used for the earnings report. It's not bizzare, it's merely how the individual chose to format it.
Secondly, the earnings PDF appears to be an eFax or scan from a copier instead of being create by saving as a PDF in Word or even saving as a PDF in the print window of Excel. When documents are scanned from a copier into email, the scans come through as somewhat large PDFs. eFaxes are similar larger sized PDFs.
Thirdly, creating a PDF doesn't necessarily mean the file size would be huge even if there are images, simply "save as reduced file" in Acrobat Pro. It's been a while since I've done it, but back in the day when I was a production supervisor/coordinator I easily reduced storyboards, wardrobe references, scripts, prepro books and such that went from 100mb+ to 2-3mb. There is also 3rd party PDF compression software. The smaller size makes it easier to email.
But seriously, who cares? MJNA actually got earnings out in time, that's far more important than the file format or slight slant.
Yup, Good Use of Company Money
I'm glad to see mjna planting articles is reputable investment publications. That's called marketing. Almost half the nation's states are passing laws allowing medical use of cannabis and the national press is still to scared to promote this new industry.
Great Finds NMariner and Penny Stock Rookie
The wsj has had a few articles about mjna and subsidiaries. I don't think much of rags like wsj or Barron's but it's good to see the momo building and not being limited to journalistic slums like SA or Valuewalk.
Its In The Charts People
Friday and Monday's run was an unsustainable outbreak. MJNA popped well about the standard deviations aka bollinger bands and could not technically continue the run. Sure enough it was reigned it back to acceptable levels.
The earnings report really was not that disastrous. I like how the SA fella had a weak, diluted article ready to go. The takeaway I have is that management is still a bunch of clowns holding on to a golden ticket. MJNA management is clueless as to how to manage a growing company. The sub$10,000 Canchew sales is a little disappointing but the gum was only on the market for a small portion of the quarter, as well as being poorly marketed and even less successfully distributed. I find the lack of RDH numbers to be interesting, perhaps there is more to the THC play than disclosed.
I am feeling pretty bullish going into the end of the year. The 2014 election year could be interesting.
http://stockcharts.com/h-sc/ui?s=MJNA&p=D&yr=0&mn=4&dy=0&id=p08593369940
End of This Discussion
Sorry Michael, chasing meager profits and risking existing profits is somehow "better" than just sitting on nearly $50,000 of paid for MJNA shares? Yes, I could execute the 2nd option but you are also assuming that MJNA (or the example you used) will get cut in half. What happens if I sell my holdings and MJNA blows up to .38, shattering my chances to get back in at a decent price and blowing my chances for even better profits?
Look I get the scenario you're working towards, but its not the way I'm playing this.
Those Are Some Wack Mathematics
"If you don't sell and get back in at a lower price, and the price then drops to $0.03, you will have forfeited your chance to reap a profit from those shares."
Forfeited a chance to reap profit when I have already made enough money to pay for those shares and then some?
Lets clarify something here, while I swing trade and have professional experience working in finance, I consider myself an investor. My goal has always been to buy companies I believe hold value and swing trade my way to building a paid for position. For example, I got into A@PL at 28, pre-split in 2005 and swing traded options until I had a substantial position in shares. From then, I stopped frequent trading and sat on the holdings.
I have done the same with MJNA. I bought several hundred thousand shares at .03, sold at .16 and .47 and am now sitting on the shares. I bought a little back at .18 but I plan to hold. Now this may not be the same gameplan you have and that works for you but I have no complaints about my portfolio performance or my holdings and I certainly have no need to chase profits or risk existing holdings that have ridiculously low cost basis in order to chase meager profits.
100% Correct Jay
No self respecting investor or trader would waste time with Seeking Alpha. Heck even Barrons and the WSJ are rags today. Traders don't have time to bother with that nonsense, and investors should be smart enough to do their own DD before committing capital. And don't get me started on the Y@hoo boards where I was called a moron for 5 years because I bought A@PL at 28 pre-split in 2005 before finally giving up on the quest to promote the company.
In the case of MJNA, SA is the tail being wagged by the dog. There is an undercurrent of interest in MJNA but it is a pinky. Therefore "reputable" publications don't really bother reporting on MJNA and SA is just filling that gap. Alan has found himself a small niche to make a few dollars. I can't blame him but I can pity a "professional" who has to slum on message boards.