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My finance committee won't let me liquidate our vacation fund (35 shares of a fortune 50 company) to reload at these lower prices... Darn! I can't double down!
You're right, that was too bold, but the strategic analysis and economic indicators are all positive: there are regulatory risks in the full-legal markets and there is a huge growth opportunity there: but medical mj regulatory risks are well known and mitigated, and mmj is MJNA's primary focus with any full-legal being a default bonus.
I agree we're a year from legal retail sales at least, but the political tide is turning: the war is not won, but its definitely on the up and up.
My honest belief is that the fed will closely monitor but not impede WA and CO and study it. As well, other states who are already seeing the benefits of MMJ will be watching this and if the tax revenue is up and crime rates down, it'll have political support from all sides: big business (republicans), states rights (libertarians), medical (democrats) and getting stoned (Rastafarians).
5-8 years will see dramatic events in this industry either phenomenal growth or stagnation.
Understood: but to me, the verb 'dumping' implies running for the hills. I would say profit taking. They're probably already buying it all back.
That's the only downward pressure on this stock, profit takers.
There are zero economic or regulatory risks, a viable market in which they are very active, are building excellent brand recognition with the Newsweek article and 60 Minutes segment, and they are working the audit right now and looking to jump to NASDAQ, and that's no joke. There will be significant growth, just not between the hours of 9:30 to 4pm EST.
Calling it a turd is short sighted.
But when did the pumper write it? If it was written this morning they would have made note of the +22% / 30M volume yesterday.
Yup, nothing wrong with profit taking. I wish I had it at .03x I got it at .13x... But I'm long, this intra-day activity don't bother me. I think you'll agree it can't be called a turd.
Yeah, that was probably written before open yesterday.
Turd? It's just profit takers trying to get as much of that 22% as possible.
Calling this a turd is very short sighted.
19,999 @ $.420 :)
Absolutely!
If anybody doubts their legitimacy, they need to take a few classes in finance and economics. They are well versed (knowledge capital) and well positioned (distribution/logistics) and well supplied (inventory), and now the brand name is getting a ton of free publicity and brand recognition.
I'm long: was tempted to sell at .15 and buy on the following down, but Ill ride the lightning instead!
Lol. Yeah, it 'was' on the cover. No need to repost it today, its a sticky. But it was reposted: all I ask is that he slow his roll.
Some of his posts just say 'NEWS!!!', nothing else. Some of his posts are cut an paste from earlier I. The day or the day before.
There is still a sticky regarding Intrade, the day after the election.
So Dixie being on the cover of Newsweek is new news?
Browland:
Newsweek article is no longer news.
Stop regurgitating old info, you are spamming the board, just pin it and clear the old pins that are also out of date.
Do you have a short term memory condition?
Likewise: I was all primed for a Paragon push into G.R.P.H that went nowhere and I lost more than 10%. I was hoping just for a few pennies so I could dump it and cover my trading fees, but it never went anywhere and even collapsed a bit. My buddy put me onto that Paragon push.
I only have a small position (20k shares is all I could afford).. When you plan the Long Party, can you buy my plane ticket?! I bought 3 times for an average + trading costs of about .134, break even, and these daily lows haven't done anything to make me doubt Long is the quickest way to payday.
It doesn't show anything else either!
You're thinking too small: I think you're only considering the intraday technicals, not the micro economic indicators for this sector and company in particular.
Well, not exactly 16.5, that's estimated from taking Q3 for the entire year, but Q2 was much larger than Q1 and this is a growing/emerging market, the gamble is that Q4 > Q3 is > Q2, and with these votes, if they pass, the company is already in position to capitalize and increase Q4 revenues.
Overvalued to Q2 report: Q3 hasn't been reported yet and with the several states voting on Medical use and several states voting on full legalization, there is plenty of reason to justify a larger P/E. Given the Mkt Cap of 65M at 598M shares at .11pps, if Q3 shows earnings (profit) of $1M that's a 16.5:1 P/E and is not unreasonable, rather low for an emerging market even.
Please, be excited, discuss your passion. I have not disrespected you not insulted you, I'm being straight: reporting of the same info is excessive. When you get new info, pin it and remove the pins on older info people have already seen: use the resources effectively and you can ensure the information gets disseminated.
Grow? Pun intended? A larger market with more citizens legal to purchase products creates opportunity for increases revenues. Increased revenues can translate directly to increased earnings which impacts P/E ratios... More is better.
You realize they don't want to protect growth, they want to keep the price down.
That .123x162,500 is BS to keep the stock from jumping up first thing. This is outright manipulation.
Yeah, would be nice to break even for the day.. I just told my wife I invested a portion of our vacation money, I'd like to show her some return or stability.
shock and awe? somebody is really stomping.. the reason its happening is everybody wants to buy lower, so they're asking lower and lower prices... keeping the price down.. who knows for how long.
I'm good for as long as it takes until my wife demands the vacation money to book a trip. hopefully the price is back up some and I'll be able to keep some shares long.
I guess I'm just new to this board's terminology - money runners are? I'm thinking of those who look for tiny trades all day long looking to bring in whatever profits in excess of their trade costs. My friend is one, he gets freaked out and doesn't hold even though he tells me 'oh, it should jump later, I'm just getting my profits, the chart didn't look good'... that's who I'm thinking of.
There are 598M shares outstanding - whats happening is a drop in the bucket and somebody is intentionally manipulating the price probably to keep it low. There are rumors of a buyout afterall, why wouldn't they want to keep price pressure low?
As well, I wouldn't be surprised to see daytraders pull .005 type of profits at several 10Ks increments, that's good money to be made in a day. They'll take their small gains, they're chart analysts, not long investors.
Just buy Halo 4 and play all night. I'll probably play until 2am EST.
Yeah, not hard to hope for increased pps.
Prohibition was repealed during the Great Depression: nobody had the money to invest!
As well, I wouldn't be surprised if the alcohol companies that were operating during prohibition were not incorporated, nor being traded publicly.
Agreed.
75M market value? If quarterly revenue approaches 1M that's a 18.75:1 P/E and for an emerging market with a lot of hype that's actually reasonable.
LinkedIn has a 694:1 P/E and people love it still!
Opportunity has a very green smell (take that as you wish, money or weed).
Wish I had more cash to play with.
What is float? Anybody can find shares outstanding (598.56M).
What is SS? Now what is the SS, but break down what SS means.
Filthy rich? Not me. I have less than 20k shares, just don't have the pocketbook for more. But I'll be happy to see my vacation fund grow and bump me up from Florida to Jamaica or Bahamas.
I'm not anti MJNA, but long run, maybe one or two insiders will survive like the regional beer wars of the 60s and 70s, but the bigger tobacco companies already have the strategic advantage that means the game is theirs to lose.
I understand your feelings, but do you think the general public will honestly care? We're talking general public, not industry insiders or those who are politically minded. The average new smoker will recognize those 'trusted' brands who have been around for hundred+ years. As well, the average new smoker will opt to buy the cheapest product their budgets can afford.
Think of it like Budweiser vs Sam Adams. Both have their proponents and many argue Bud drinkers are uneducated and unsophisticated. But there are more bud drinkers than Sam Adams drinkers.. The general public/mass market will go with what they can afford, and big tobacco has the means of cheaply producing, packaging and distributing their products, which means the small 'micro-growers' will charge more to cover their costs. This will be an entirely new industry, and innovators don't win, the copycats do: those who can do it cheaper and faster.
This implies big tobacco doesn't have smart businessmen or the old guys running it can't adapt. While possible, shareholders know the strengths and that tobacco is a sin-stock like alcohol and they would demand entry into mj and would force out any executives that are hindering growth.
Opinion: i bet that deep down in big tobacco labs hides grow houses full of research: I feel confident, if marijuana prohibition was ended countrywide, big tobacco would be the huge winners: they already have the entire logistics chain in place, would only need to re-educate farmers on growing new crops or they have the money to hire the best growers from the small players. They can't NOT see their industry as greatly benefitting.
Only problem: tobacco smokers smoke all day long, at work and in vehicles, etc, but I expect marijuana to cost more per pack since it will only be recreational (after work hours). However, tobacco use may even grow as a result of increased mj use.
I live in Texas, but no :)
Problem is that a Romney win might suppress the hype of WA or CO passing their amendments/initiatives.
Maybe not, depends on who's paying him: if big tobacco is a supporter then maybe he won't go after it since its a huge opportunity for a corporation to get a stranglehold on an emerging market.