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What are the hours on Friday?
I look at the MA50 and laugh.. It's going down people people out too much faith in it. It's a trailing average, used as a bottom, but when news falls flat and the air starts to get let out, it starts to turn day over day as the price drops some... It's called a self-fulfilling prophecy and its worthless. News turns it north, no news turns it south... Ridiculous.
Well, in all honesty, if big tobacco got ahold of it and found ways to cut costs, the price would drop as innovations provided benefits to operations.
That and cheap migrant labor.
This is mass market dirt weed most likely (i.e what Budweiser is to Sam Adams)... No matter what happens, there will always be a connoisseur market for the primo products.
Yup, we've been seeing that for a few weeks. Perhaps you could have asked those of us who are long. Lots of familiar patterns: especially T Trades a minute or few after close, watch out for those PPS droppers.
Yes, stock volume will go up and share prices will go down, but that article is about the price of marijuana: NOT THE PRICE OF STOCKS.
Wow!
When my last trade clears, I'll e able to reload too... I should be able to catch the fall: sell at .102 or whatever we close at and buy near 9, should increase my position by 10% or so.
We debunked this already... The # of S/O for med box is 13M, minimal float, low volume and a price in the $2 range: any demand will drive it up through the roof.
MJNA has about 599M shares outstanding and clear over 200M shares in the float, high volume, lots of volatility and a price so low your grandma can buy in.
There is NOTHING comparable about these two companies stock.
Uplist soon = only after audit.
SEC states that companies have 90 days to report. MJNA does not have to report, but if they want to be taken seriously they will. Quarterly reports have 45 days from end of fiscal quarter to be reported and MJNA has always taken the full 45 days. Based on prior history, expect MJNA to take the full 90 days to report. Depending, that is March 31 or April 1, or thereabouts.
This is true 'long' territory. Don't expect and bumps in price other than technicals' self fulfilling prophecies or if the Feds actually make a positive statement (don't hold your breath).
Given the huge regulatory risk, don't expect huge 100:1 type P/E prices. At current earnings, .12 is a P/E of 16 which is stable... Hype won't kick in to drive prices until its uplisted at least... Maybe Q1 in May, the first quarterly with proof of audited books (I expect audit after Q4).
I'm long with my meager 44k position.
That goes away with audit. There is no MJNA certified MM, just pure market forces and big swinging d***s manipulation.
People subscribe to newsletters from people who get paid to push stocks or have a large position they want to empty, so they push it and encourage folks to buy.
Smart pumpers look for the increased volume and volatility to make a few Modesto take out a few hundred or thousand dollars.
Not so smart followers of those newsletters end up buying at the wrong time and will either sell to get out (further dropping the price) or end up going long to recoup.
Right now is the wrong time to be playing, unless you have powder left in the keg and are buying on the way down to lower your average cost and increase your position for the long game.
I'm long, and will ride out this self fulfilled prophecy of the 50MA.. We're going down, nothing but positive news from the fed will turn it around, the rules of technical trading are forcing this down even though its a great company.
Maybe I do.. Sorry.
Sooner is subjective: 4-6 years at a minimum.
Other states are going to watch what happens to CO and WA before they push forward.
Politicians will deftly avoid declaring for one side or the other until all the facts are in: market revenues, tax revenues, crime rates, public health concerns, etc.
I agree the tide is turning, but it won't happen during Obama's second term.
Yes, you should sell and take all the pumpers from your newsletter with you... You were sold a bill of goods with that newsletter: our launch date isn't until Feb or March.
Year over year: yes. Q2 to Q3 wasn't so explosive: they're reinvesting, setting the stage for growth, but given the current regulatory climate, Q3 only provides support around .12 given some generalized valuations of both revenue and earnings.
This stock has too much liquidity: no fireworks here.
Yes and yes.
My cost average is .1185 (down from my first buy at .144).
I do not expect fireworks anytime soon unless the Feds light the fuse themselves.
Long through February or March when it's all said and done. They have 90 days after audit complete to report, if they chose to report, that's march 31st/April 1st.
Q4 is 45 days, so expect Feb 14th, so there will be excitement, but still unaudited unless they rush to release audit and Q4 at the same time... Then the fuse will be lit.
The real institutionals won't get involved with a pinky, but will cautiously play with Bulletin Boards increasing demand and daily volume to steady levels.
Yes, very liquid: but all the players are just playing against themselves. The huge float opens the door for alot of shorting and negative hits to the PPS. Don't expect fireworks before audit/uplisting.
Near term end game is audit/uplisting and Q4... Unless the Feds actually make a statement that's beneficial, which they won't do, if they choose to sit back and watch and study, they'll keep it quiet to keep enthusiasm from overwhelming elected officials.
You couldn't be more wrong: this company is reinvesting in itself. Q3 announced 3+M in cash and a 15M line of credit: they need to grow operations to meet increasing demand.
If they use the line of credit, the debt management will impact earnings some, but the tax deduction they'll take on the interest will help the bottom line in return. They seem to have very solid management.
The value over the next year should be based on revenues, not earnings... Expect lower profits in the near term as they expand and 'grow'. Pun intended.
Because of pumpers and dumpers, people who follow paid newsletters advice blindly only to try and pull a quick profit.
That and:
-It's unaudited (for now)
-It a super cheap stinky pinky (subject to the self fulfilling technical prophesies)
-All momentum is sucked dry by pumpers
-There's no real news other than a mediocre Q3 that if fundamentals were to hold true, with so many shares outstanding, the PPS would only be at .12 with all the federal/regulatory risk that's hanging overhead.
LOL! Indeed. I'd like to cancel too.
Damn, etrade still hasn't cleared the funds from my last trade, I just lost out on my sell, price is collapsing, could have rebought nicely.
No gap!? Interesting, maybe Friday.
But we know their end game: means they'll drive prices up and dump shares.. Lots of opportunity to look sell as they drive up and buy as it collapses: I can see myself being without any shares for a few days/weeks, I totally expect it to be flat through audit/uplisting and when these guys are done we should see it fall again: could just hold the profits for a few days. I don't have a huge position, so I can only make one move a day, but I should be able to find a good sell point in the near future!
Yeah, and when MR were here, patterns emerged. Price should go up then when they start to leave drop again.. Time to pull out some profits and buy on the dips, if these guys are looking to dump, volatility should be high and lots of small opportunities make themselves available.
Looks like a great opportunity to look for patterns and sell/ buy to increase position, or to short squeeze those looking to short. Decent upward pressure near close yesterday, expect to gap up nicely.
I was just thinking the same thing: lots of new names and lots of activity this morning.
I'm relieved.. That would have sucked.
This would be very very bad: a dividend of one share per 2 owned? Basically it would be a 66:100 Split, and that would flatten this stock immediately.
We need a reverse split or buy back, not this.
You have a link for this? This sounds made up.
Some people here don't like grounded... They want sky high expectations: this is not a get rich quick stock.
ETRF is Etrade: all day traders. With such a huge float, it only takes a few small traders to want to play. 300k shares is only $33,000 in action.
Pushing down to buy cheaper is what happens here.. Uplisting and strong Q4 should drive pressure in the other direction. MJNA is a hold: buy and forget for a few months.
I agree with the general consensus:
Players are gone. Either because volume is down, or volume is down because players are gone: chicken/egg, I don't care, they're gone.
Only longs left with a few players trying to get whatever they can (but are subject to short squeeze risk at this point).
Where I disagree:
Without volume, yet a huge float, we definitely have short term downside potential. If .11 breaks, its going down further, however there are very strong fundamentals holding .11 (3M revenue * 4 quarters * 5 or 6 (valuation multiplier) puts us solidly between .10 and .12.
I don't expect any upward movement for a few months (maybe a few cents +/-). I expect flat/sideways because the next big news will be Audit In Feb or Mar. Audit Complete is not a milestone, reporting a successful audit is the milestone.
I think if a great Q4 is released before the audit, it will be tempered. If a great Q4 is released after audit we'll see action.
Now the next issue is uplisting. Any ideas on how long it takes to negotiate and process? We all know its after audit, but the question is how these things line up.
Best case scenario IMO: Audit, then uplisting, then strong Q4. Will generate a ton of news and hype and attention from bigger instructional investors (but not the biggest yet). If we can get on the Russell 2000, that would be huge too.
Worst case scenario: fail audit
Next to worst: mediocre Q4.
Barring any real huge news (CanChew won't be huge, it'll be marginal), I expect staleness until late January/Early February when the hype around Q4 will begin.
I expect them to take time with the audit and not post immediately: I think we could see Audit and Q4/annual posted at the same time.
Maybe negotiations on uplisting are in progress and uplisting occurs on the same day too.
One small wave will barely move a boat, multiple small waves, timed just right can cause a rogue wave that can flip a boat end over end. My bet is that they would like to time their waves for maximum impact.
That would mean we're going to be seeing negative or stale movement for some time. Expect negative as people sell then hope it drops to rebuy to improve position, that's the only game right now.
Just click the link and tell me how you interpret what is says
http://www.otcmarkets.com/stock/mjna/quote
Thanks, ill look for that, I'm on an iPhone as well.
I watched the market this morning: but this link is no joke:
http://www.otcmarkets.com/stock/mjna/quote
There are no MM's at play right now as we speak!
I don't know what to think, I'm leaning bullish, that the MM's are long... But even if the MM's are empty and moved on, that means real market factors will drive this stock and not manipulation by MMs.
My first buy was Nov 1st at .144, then I sold some other bad investments at a loss and bought more then sold a flat moving investment for more: before open I had 41458 shares total, never sold.
But I noticed the trend: early gap up with tons of volume, followed by a deep drop and return to a level field. This has happened multiple times in the last few weeks that I've been paying attention.
At first I didn't have all the DD I needed, but once I was schooled by my fellow posters I caught up fast.
Then I started applying the knowledge I gained in my MBA program, and started watching investor behavior.
I started arguing with people saying this was going to shoot sky high because it didn't make sense.
This morning I made my first move: watched the gap up and missed my average cost of 12.5, sold at a loss at 11.9 (my entire position) and waited to see if it would come down.
So it got to .113 and I placed my bid at .112 and it took about 20 minutes to fill. I thought I was going to lose my gamble and buy back in at a higher value when I saw the PPS bouncing around 11.8. Then it dropped, I got my 43871 shares at .112 and I logged off to get ready for work. I was happy to have decreased my average cost and increased my position too!
Now that I'm at work talking to my buddy, he showed me the link on OTCMarkets.com that I shared.
I have no idea how to interpret that news: there are no MMs right now.
There's my 3 week history. I'm pro-MJNA, I'm long, but I'm willing to risk to increase my position when I see a very short term pattern forming.
I'm at a loss for analysis:
Does anybody have an opinion on what it means when no MM's are present?
http://www.otcmarkets.com/stock/mjna/quote
Either they are holding long or sold their positions. All the recent huge volume could have been them selling position.
What else could be going on?
I've hit the limit of my understanding, I can posit educated guesses, but I'd rather open this topic up instead of dominating it.
If they are long, that will reduce the float, reduce volume and hopefully demand can drive prices.
If they are empty, then this is the Wild West: true market forces.
There is a lot to be learned from this situation for the savvy investor. I'll be watching this closely, I just wish I had Level 2s at work/on my phone.
There are definitely MM's. but apparently just not right now.
http://www.otcmarkets.com/stock/mjna/quote
Either they sold out or are going long.
There are no MM's playing right now!
I just saw this, MJNA is on Yield!
I wonder if this means the MM's are holding long? This could be a good sign.
http://www.otcmarkets.com/stock/mjna/quote
I'm at work now, but at the open I sold at .119 because I knew it would drop and bounce back up. I saw it get to .113 and placed an order for .112. Took 20 minutes to fill. I didn't exactly pull out a profit (I sold at a loss to my average), but I increased my long position by a few K shares.
Going deep, DEEP into touchdown territory... That's pretty long.
Read my posts from yesterday: I break it down.
Limited float and even less shares outstanding means there's little to no opportunity to short the stock, and any demand will drive the price up. With a higher price in the $2s you keep out the lower end penny pumpers who can get more return for less action/investment and with nobody selling, prices went through the roof.
I'm long MJNA: however with so many shares outstanding and such a large float, there are many opportunities to short and adding a smaller PPS the opportunity for anybody to get involved is unlimited. Add all the hype and attention with such loose opportunities, we'll see sideways movement and will require a reduction in shares outstanding to see this skyrocket and 'get rich quick'.