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Like I said yesterday, if we break .30 look out below!
I don't understand why you always post these images with no commentary. What are you trying to tell everyone?
HA! Thanks for the good laugh :)
.30 was our support on the last drop, if it goes below that, look out below!
Any thoughts as to why, or are you just cheerleading?
Because this stock is known for huge swings. My philosophy is that if you're afraid of taking risk then you're also afraid of making money. Yes, big spenders can take big hits, but they can also rake in a ton of cash in a very short amount of time with this penny stock. The most important factor in making money here is knowing the market.
Actually, I had about 1.2 million shares that averaged about .09 and sold at .17 for a nice profit, which I thought was good. Then it shot up and I bought back in at .34, so I missed out on about another $200,000 in profit. But, I sold at around .44 so I made another penny or two. Most people here don't realize that this company is only worth about .04 per share and that's counting the Cannavest shares, so there's really nothing to support these prices. It's always going to fall back down until they start posting real profits. That's what makes it so good for trading.
Exactly why people should sell now, then buy back in later at a lower price and wait for the next pop.
.30 looks like support. Might be time to buy back in for the bounce.
Bought back in at .34 and sold at .44 yesterday. I gotta say, I'm loving watching this piggy crash right now. Looking to reload around .20. This is the good old, reliable penny stock I once knew!
Look out belooooowwwwww!!!!!!!
It's gonna scare a bunch of shares out of the newbies though! I love when SA shakes the money tree!
So true doc, I've made a ton off this stock as well. I just wish it would drop back down now. There seems to be a lot of support under this run. I sold out at .17, expecting it to go back to the .12-14 range, but it hasn't yet. Over the past two weeks I've missed out on about $168,000 of straight profit if I wouldn't have sold so soon:(
I remember that day. Someone entered a buy at $1.27 instead of $.127, I just about crapped my pants when I check the price because I owned a little over a million shares at the time! Alas, it was not true... :(
I find it odd that the price is going up when revenues have gone down. Oh well, there will be some more bag holders in the near future.
I bought one and I don't smoke. I just wanted to see the delivery time, packaging, product quality, etc. But, I don't know if it actually smokes well, I do know some people that will try it out for me though:)
Ordered my mcig last Sunday and it was delivered yesterday (Saturday). I can't post a review because I can't smoke anything with it, but the product build quality seems ok and the delivery time was reasonable. That's my $12 of due diligence. I'll be buying some of this company.
Email me. mjna_baggie@yahoo.com
I can't smoke pot because of my job, but I ordered an mCig just to see how long it takes to arrive, what the packaging looks like and most importantly the quality of the device. I'll let everyone here know the results.
On a side note, anyone here want to buy a black mCig for five dollars (after it arrives)? I take paypal :)
Next week? What states?
I have to disagree with your last paragraph. I've made more money this year day trading MJNA than I made at work. Granted, I don't have a six figure salary, but I was able to accomplish that and I'm relatively new to the stock market, so day trading MJNA can't be too hard.
With that said, I agree with you about the dynamic of the market changing. Huge pops were a normal occurrence for MJNA in the past, which may be changing soon. After the feds figure out the banking scene, and MJNA releases its Q1 financials the price may not ever return to its normal lows. Getting into this one before the end of January would be a wise move.
I currently have no holdings but plan to re-acquire a large sum in the not so distant future. Unlike you, I sold everything on this pop :)
I switched from them to eTrade and I haven't looked back. USA*s fees really add up when you start trading in the hundreds of thousand (or millions) of shares per trade. Etrade is definitely the way to go.
Probably close near .16 tomorrow and maybe even Tuesday, but it should drop to around .13 in the following days. Myself, I'm hoping for .12 before Feb. 15 so I can reload.
Because the value of the company hasn't changed. The pop was only due to the major surge in MJ news. MJNA itself hasn't had any changes. I would assume we'll see .12 before the Q4 report is released, which won't happen until mid next month. This is how it always happens. We get some news, volume/price surges for 2 days, people realize that nothing about the company has changed and the selloff begins. There are a lot of people here who could be making a lot more money if they would just realize that. If MJNA were to announce that they were receiving THC based income everything would change, but for now buy low and sell high is the game.
We'll see .12 again before we see .20 again, that's a given.
Couldn't agree more. There is nothing supporting this price other than investor sentiment. The volume is now drying up and the price is going to go back down. I sold between .17-.19 for a handsome profit today and plan on buying back at a lower price. No, I'm not bashing, that's the reality people. MJNA is probably one of the best trading stocks there is on the market!
Thanks for the free money folks! Cashed out today and set a new buy order at .125, I love trading MJNA!
Because recreational MJ goes on sale for the first time tomorrow. Do you not keep up with what's going on in the sector?
Always good for a laugh Doc. I'm looking forward to it! I don't read anything posted by seeking alpha now. I don't want to support the schmucks that are bringing this sector down.
Was the most recent MJNA article written by AB?
MJNA is not involved in THC based Marijuana products.....yet. They've said time and time again that when the legal conditions are right they plan to promptly enter the market. Give it time.
The sky is falling!
Reading this chart for performance predictions is just as effective as reading chicken bones. Charts don't mean much here...
Where are we going?
Which was copied word for word from dixie...
Live life with your head in the sand if you wish, but Dixie Botanicals and HempMedPX are in direct competition with each other as we speak. I am calm and I just bought 72,000 more shares last week. Sitting on 1.12 million now :)
I just listened and I must say that Cheryl Shuman is a much better spokesperson than Christie Lunsford ever was. Cheryl is very well spoken and I don't understand why so many people have been talking bad about her.
Seems to me that MJNA is doing what is necessary to become successful. We don't know exactly what has transpired between MJNA and Dixie, but they are obviously going their separate ways. My point was that MJNA has rights to Dixie's intellectual property, so Dixie itself isn't required for our future success. Plus, Dixie (RDH) supplied MJNA with zero revenue last quarter. Not much of a loss in my eyes...
I couldn't agree more Alan. Using Dixie as a foothold and gaining access to their recipes/formulas was a good starting point, but Dixie is definitely not a requirement for future success.
If I were Tripp, I would be upset as well. Dixie launches it's line of Dixie Botanicals and then HempMedsPX (MJNA) launches a product line that is in direct competition with Dixie. Looks to me like MJNA is giving Dixie the cold shoulder. Doesn't really matter for us, as long as MJNA is agressively pushing its product lines, which I believe they are.