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But now a days, there's no smoking in bars in most states and the tolerance for smelling like smoke and inhaling it has gone down significantly.
These private clubs are purely smoking clubs: some people might go and not partake, but I don't think people who take alternate forms of meds because they do not like to smoke or don't like to be around it will choose to hang out there. I doubt there will be a market for infused products in these clubs when its not illegal to drink or eat an infused product publicly (anywhere they choose, not just private locations)
But would you want to? You could drink the infused beverages anywhere. Going to those clubs you would e breathing it all in and would smell like it.
That's my point: people who use alternate forms of medicine would not bother with the smoke and smells.
Those clubs are for smoking pot. That's why they are private clubs because both states did not allow public smoking.
These types of clubs probably won't sell anything but munchies anyways, as well, no need for CBD infused products when people are at the location to smoke weed.
Additionally, eating or drinking THC infused products can be done in public.
Private weed clubs will not benefit MJNA in the slightest.
The M in MJNA stands for Medical. The whole objective is to provide alternate opportunities for taking the medicine.
It's just not logical that somebody would go into a weed club and order a brownie (unless its the much less expensive normal kind and they have the munchies)
Yeah, if I saw .11 this week I would sell ASAP and wait for it to flatten.. I'm sure ill have a shot to get back in in the low .10s before mid month... However, going into late January, sells to increase position will be risky, I'll have to see the regular gap up/drop low/recover pattern for 3 days in a row before I trust the volume and MM to keep supporting the activity and then jump in with a few sell/rebuy trades going into Feb 15th. Then if no audit/uplist by then, start playing again about 3 days after quarterlies are announced.
I think a PR of this sort on Tues/Wed would get us back to .11 through Friday and then would flatten back out.
Apparently they don't audit historical months until all 24 are complete. Now they'll start digging and analyzing and writing their report.
Hopefully starting Tuesday, the sooner the better, crossing fingers for audit/uplist and Q4 all on the same day :).
Trust me when I say all 'Reasonable' investors here believe the same thing. Reasonable too, a true long only looking to share analysis and strategy.
We have a few detractors who won't leave but own no shares, but those folks are easy to pick out: the rest of us analyze the news and any statements made about MJNA and the industry in general.
Some folks here are just pro-green without a lot of broad financial experience, and many of those appreciate analysis and insight and some are just really enthusiastic and don't care (I guess they are the ultimate long investor).
Others of us pour over financial fundamentals and technicals. I'm more on the fundamental side (upper 9s to low 11s are well supported by a stable trading multiple), and as long as the PPS in within my range, I'm content. Others look at technicals and try to ride the highs and lows daily.
It seems most of us analytical types here only sell to increase our position, which only reinforces our long views. Some may pull profit, but they are fewer.
Welcome to the fray... Into the breach once more!
Slow your roll. Breath. Reasonable shares their chart analysis most everyday. You don't have to read it.
Most days they are wrong too, those of us paying attention know this. They are just sharing what they thinks might happen, which is what this board is for.
Of course, on the odd chance they are right, you'll see they feel obligated to post links to his presumptions.
I like the analysis: I can learn from it. Users make their analyses, i look at them and watch what actually happens.
I too think the price will collapse today, but i think its a half day and we might not get enough action to drive the price down.
As well we might have infinitely more support at .10 that any of us ever expected.
There is no color: could be green or red, its indeterminate.
If its a fraud, its just another 'I saw that coming' detail all the protractors will quote themselves as having said 'I told you so'.
If its not a fraud, its just another company like any other and the fact that its incorporated in Delaware means little otherwise.
Foreign implies a company not founded in the state they are operating in.
It's standard business operations to incorporate in the state that has the best business laws for your organization.
As a matter of fact, my Business Law professor outright said Delaware was the best place to incorporate to protect the company from frivolous lawsuits.
Of course, many fraudulent companies do incorporate out of state so as to complicate legal matters, but many many legit companies do the same thing until they are big enough to warrant special tax compensations by a state, then if the benefit outweighs the legals risks, they will reincorporate locally.
Dude. I'm long. I was talking about the public image of the industry! All the people who vote against the movement think its all pot head hippie stoners or hip hop thugs... Stupid pot magazines and websites don't help that. What the hell did you read?
I'm tired of this, so I won't get too detailed:
MJNA will not skyrocket like Medbox.
The share structure won't allow it.
I'm not being a downer, but an article in a pot themed website or magazine will not help the movement. Too many 'anti' folks already associate medical with hippie stoners.
Of course, this article could help brand awareness amongst the hippie stoner crowd.
I started with about 5k and my initial position was just under 42k shares. That was Nov 1, and now I'm at 50k shares... Nothing fancy, I'm not day trading regularly: I have long term investments and I play with MJNA.
I see late January growth as folks load up going into Q4...
You can be of that opinion, but while your technicals seem 'reasonable', you're forgetting one huge fact!
Technicals are useless without historical facts to base the previously defined trends upon: which Reasonable is taking into account: facts.
You can look at trend lines, but without understanding where they're coming from you have only 1/2 the picture.
We've seen the price slam off of .10 several days in a row and then stick it at close today. While I agree support is at .10, without significant news (more than the recent pr fluff), that support level will break.
As well, Reasonable isn't talking about open/close, just that the prices may be seen. If we don't break .10 tomorrow yet close very low we will break 10 on Monday morning when most traders get back into the game after the holidays... (Is Monday a short trading day? Don't expect any growth on a short day without news).
You could make some after close analysis about a Doji or some BS, but I'm calling it now based on real analysis of the market, not technical trading historical trend analysis that doesn't track newsworthy events.
Technicals have failed this stock for half of December because there has been no news.
All in all, MJNA is Bullish for the year, but day to day the technicals are feeding half truths into your ears and if you don't understand what they're not saying you're in trouble.
Don't expect news anytime soon: expect sideways trading, and slow decremental price declines.
Are we talking informative website or retail site? A retail site could have a .005 to .01 growth sustainability, near term.
That's a 'reasonable' outlook. I personally think Audit reported to the SEC is the ticket, not just "24 months complete".
IMO it will take awhile to finish the audit and prepare the documentation... And when you consider their choice of always releasing statements on the last day possible (or late like 3Q12), I don't expect audit until Q4 at the earliest, March 31st at the latest.
I think audit will be a force multiplier: the resulting uplist will bring more investors who want to get into the MJ game but who's brokers are waving them away due to Pink.
I think this force multiplier will decrease MM influence (not entirely) and it will allow higher PE/multiples.
If Audit/ uplist (I believe they go hand in hand) comes before Q4/Annual, I think 12.5 is a conservative estimate for bottom, I was thinking .14-.16 range... .16 is a 20 PE in regards to Q3, and I think the force multiplier will allow us to hit 20+ PE.
B on Pallia
D on capia
No color preference, but I like A or D
Key word: hope.
I used the term 'optimistic'.
It's all fluff. No impact to PPS until actual revenues are reported.
It's not like an announcement saying Walmart or 7-11 picked up their products for sale.
Please.
This isn't news.
This is just PR fluff. This will have no impact on the PPS as it represents zero increase in revenues, if anything, it represents sunk costs that are unrecoverable.
It represents future optimism.
It is not worthy of our time to read it for the third post today.
Expects news shortly: that won't be reschedule: the AG cannot reschedule the drug. Obama cannot reschedule the drug.
Drugs are scheduled via the Controlled Substances Act - as in 'Act if congress', and will require Congress to change it.
"Shortly" in Government circles is a joke, nothing happens 'shortly', dont expect anything until after the new year.
As well, whatever Obama and Holder say will only be their strategy, there are lots of laws to contend with before they can implement a strategy. It's going to take more time.
Do you really think they care enough to work on a Marijuana policy over their Christmas holidays? After the new year they will also be still fighting budget issues... MJ is not their top priority, it will take time.
Wow...
When have I actually been proven wrong? I have not. I've had a few theories on risk that people argued with, but my theories had more support than their arguments. Theories are just that: things to be considered and tested. Nobody was able to prove any risk theory wrong, they just used sarcasm and spite to argue with their emotions not facts.
Keep calling me out, please: I'm about to run out of posts today.. But I'm happy to quiet my naysayers.
I thought we talked about 'sense' already.
Technicals alone will not drive this stock, you need historical references to use technicals appropriately.
Senseless: thinking a reschedule is very soon. Momentum is slowly building, but don't expect the tide to roll quite yet. Reschedule will take months to a year or more: we need more than 25 states to have enough political support to push the subject in Congress.
Senseless: thinking we'll break .16 without serious news (Good Q4/audit/uplist is serious news), those MJNA PRs have been optimistic fluff, void of substance.
Brand/Company exposure is good, but won't sustain a share price. Unless MJNA starts announcing contracts for distribution and other sales, we won't have any inkling on how to estimate the next quarter's value and let P/E build up. You can't have enthusiasm to drive sky high P/Es with this stock structure without real hard data to excite people. When you have several Qs of real revenue growth, only then will we see true stockholder confidence and enthusiasm.
In the meantime, expect conservative... When the price starts growing on soft news only, keep an eye on the technicals, if they flatten out during a news cycle, expect consolidation, if news STOPS coming in, expect a quick drop like yesterday and today.
Price growth on hard news should be sustainable.
Yup. I saw those previous three days of flat following the uptrend and sold at .117 yesterday.
I over estimated Obama's comment, I actually wasnt conservative enough. I called a peak of .126 with a close of .123: we got a peak of .124 and took a much harder hit on the sell offs.
So after three days of sustaining with no news, I dropped it like it was hot and decided to catch it before it hit the floor: I got back in at .1084 average cost with a 7% increase in my position :).
I'm not sure about today, could go lower based on yesterday's momentum, could return to low .11s.
If technicals prove out, that converging 20/50 MA should provide excellent support, if we drop that low. But that support will only hold for a day or two without news: our MM friends will rape and pillage otherwise.
I'm happy with my position, I should have stayed liquid overnight... That's just my gut.
Been a nice day for shorters or long growers: I got out at the open and have been waiting for the bottom: ill rebuy on the way up if there's enough support or ill wait for tomorrow: I'm growing my position and aiming for a 10% increase in size if we hit .106.
I may sell/rebuy, but only to increase my position due to limited funds.. I'm long MJNA!
If it keeps going down, I'll keep waiting, it won't hurt me to buy on the upswing as long as its below .117.
IMO 100K sells are methodical but not necessarily algorithmic.
You realize when you say 'they' you're talking about millions of potential retail investors like myself. I use ETrade (ETRF) for my trades. I sold my entire position (however small) at .117 and will buy back soon.
Cannabank has shares in MJNA. At this point, that's all that can be taken from Cannabank, They'll have to sell their shares because they are worth alot more now then when they first received them. That means MJNA will be left alone, the stock may take a temporary hit as shares get dumped to pay back defrauded investors, but it has no impact on the structure or operations of MJNA.
So that was you I was up against? I think I placed my .117 sell for 47K before you :).
I was terrified of a short squeeze when the price frozen at .115 to .116 earlier.. Now I'm just waiting to reload... As long as I get back in by .1167 I'll break even or better.
But I'll likely wait through power hour to see if tomorrow will offer better cheapies.
I'm watching and think you're right. We won't close over .12, any momentum to break that barrier has even spent. As well, the closer .116 that we close, the more suggestion that we'll stagnate or drop and that technicals are a waste of time: where are you MACD exclamations now?
Yesterday I called the peak at .126, the gap up was .124.
I called the close at .123, and I still expect enough support to break .12 at close, I'm thinking .121.
However this puts us at risk for falling back into the .11s tomorrow and staying under .12. (8Crossing my fingers it doesn't happen)
I've said it before, .12 is a good price based on Q3 data. We'll only go over .12 on news and I don't expect is to break .16 without anything significant.... Enthusiasm could drive us to .16 but that's it.
Profit taking will always occur every day... Too many shares outstanding/float, there will always be short term traders looking for the tiniest of bumps to capitalize on.
I see the values converging, and asked a literal, not critical question regarding the downward trend vs merging analysis.
It doesn't bother you that the MA20 is actually on the decline?!
I thought S4 was alcohol/tobacco.
Rescheduled to what? 4 is alcohol/tobacco, 2 or 3 require prescriptions I believe.
Reschedule to 2/3 might mean legal Medical in all states, but even with a 4, states/counties/cities can choose to make it illegal, like dry counties in the south.
My first buy was at 14.4 :(
Then as the price dropped I increased my position and lowered my average cost. Then I made three sell/ buy trades to increase my position a total of 10% or so... I have no dry powder so I have to ride the coaster to increase my position.
I'm hesitant, I missed that 11.85 peak opportunity twice this week. I don't want to get short squeezed.
:) thanks for the definition, lol.
In not worried about MJNA doing well, but due to it having shareholders and an inflated market cap, I'm more worried about the other non-publicly traded companies being bought up to be in direct competition. Lots of small players only need capital and connections to grow into other markets/states.