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Never bet on a bounce...risky fool's game.
The chart is dismally, displaying the slow death spiral...
Um $Pistol Pete$ all that post did was prove my point, it will take big profits, of which I doubt MJNA can achieve, to bring at best a profit of $0.0001 per share...
You'll learn...
Thanks for all that DD, too bad with 3 Billion shares outstanding and 2 more Billion to dump, it's all meaningless with current share structure.
Good luck...
Good discipline selling the break of the support line.
I'm sure we'll cross paths again.
Good luck.
Not looking bullish today? Get cheapies right?
Keep buying them cheapies suckers... but wait until $0.04 to throw your money away.
I watch for fun too, as this stock is so blatant in it's "scam".
I use it as an example to teach others on what to watch for and avoid and MJNA fits the bill perfectly.
Multiple red flags, a massively diluted pig that keeps diluting, can't report on time, choses to stay on the PINK so they can get away with it all without detailed financial filings...etc.
MJNA's "axe men" BKRT and VNDM are so happy for the sucker buys this AM, they will cover in the afternoon with a big block of "free stock" as has been the pattern for months.
Dead on Mr. "Knife"
Boom is reserved for moves over 5 to 10%, the 1% on a penny stock is meaningless.
They will be dropping the bid by this afternoon...watch.
WOW, to the moon on another fluff PR to desperately hold .04 support.
Until the PPS can cross ABOVE the 20 day average MJNA still in a downtrend.
It's the Williams R% and I said nothing about it.
You are throwing out random terms, do you have a point to your comment?
http://www.investopedia.com/terms/w/williamsr.asp
Technicals are still negative....but it's holding! Which is never a reason to buy?
No don't leave me here!
Wow, still waiting for the pop. I'm sure it must be loading zone!
Such a solid base...
The transition from a "story stock" to a real company is always a rough ride. Look at how many tickers we owned in 2013-2014 that are toast, but little TRTC, with headwinds everywhere, keeps moving forward.
Tenacious little bugger...that TRTC
BTW, just messing, always like your energy.
The downtrend is not over, until the technicals say so.
So far the technicals do NOT show anything more than a sideways move...
Stocks in a downtrend are stuck on oversold, not a valid point...
Any CMF increase has yet to result in an increase in price, so still not confirming anything.
In addition the averages are nowhere near a crossover, downtrend still intact.
You're welcome.
How so? Are there higher lows made consistently? NO, therefore how can you say it's reversed at THIS stage...
Bearish until the long term down trend reverses, buying a support line is a risky play without other confirming technicals.
What else you got besides the support line? The fundamentals are horrible, so technicals matter.
I actually think the MM's make a lot of the churn in the .04 area, and since the MM's get near "free shares" that can make some small coin, then settle up at the end of the day with a big block.
As we've been seeing for a long time.
Avoid MJNA, Kannaway is a scam: http://barenakedscam.com/kannaway
Doubt it holds above .04 this week since they opened with .0397 on the bid... more "cheapies" hot of the printer, get them while they're hot.
Kannaway, MJNA's "scam" supposedly worth $100 Million....LOL
My bad not a new 52 low...but holding steady at the low indeed.
"220, 221, whatever it takes...."
$MJNA New 52 week low, glad people are loading up!
Sucks as MNJA has fond memories as my first love and I net profited, but am disappointed they diluted the stock the way they did...
You know my style Doc, I try to be "bullish" for all these companies to succeed. Even the other board we interact on...
But, I'll let these guys watch for a oversold triple bottom bounce, cuz you just never know in OTC land...
Well when I took my series 7 decades ago the equity markets were designed to raise capital...only took a week to figure out the OTC is scam city.
MJNA just issued too much stock to be viable going forward IMO.
BTW, I worked as a chop shop broker, before I came to the "light" side of the force.
Ok I don't have the best of eyeballs, but to me the CMF on this graph shows a 1 day close below the line you drew to stop at -0.215.
Ya got some news so good luck
OK I admit it I do trade MJNA hype, even though I don't believe it will be viable in the future....
Right, and yesterday was day one, and today if CMF is below the line you drew today, two data points will be below your line signaling a reversal and a possibility if will drop into the .03's
I use CMF too, not everyone does, I like that indicator BTW.
Exactly, thus why it's so popular, and why "they" could have set up MJNA to succeed, versus greedy plays to enrich the insiders and over dilute the company stock.
Disappointment...
What the heck, good luck on the play.
We disagree, but good luck.
As someone who followed MJNA since 2013 having such a popular ticker become "bad actor" in the sector is sad.
I still watch as there may a nugget of value locked inside the bloated MJNA pig.
Does the yesterday's break down through the Caulkin Money flow concern you?
If it doesn't recover, be careful.
Of course I believe there are more negative signals it may fail support at .04 area. Too much risk to force a play on a oversold pop w/o a major catalyst. imo.
Good luck, happy trading.
Dumps go down, chase goes up, but OK?!
There was no chase!? It closed down...
Every new 52 week low becomes the support...enjoy.
Yes, the majority of current cannabis plays are scams to shareholders, IMO.
Will some of these companies or spin-offs succeed yes, but will their shareholders, NO. Not with current equity structures they will not.
MJNA is a bloated pig, with questionable asset values on its balance sheet, and questionable ability to maintain "real" revenues besides selling product to distributors.
If the product can move...I'll concede this Kannaway thing has some value, but not $100 million worth NO way!