Can't wait to clear these sellers out and move on. Anyone who follows MJNA knows it will rebound from today and yesterday. Anyway, nice pullback of the technicals to bring the weak hands back in. Hopefully we'll see some green tomorrow

dude you have been calling the same thing for DAYS... you're bound to get it right one time!

Weak hands panicking and profit taking today... I'd rather hold on for the long term and the real money ;]

Look at what happened around January 20th. There is always some profit taking with MJNA... We will be just fine

What are you talking about? MJNA has filled the gap for the past 4 days now. Give it a rest already...

Company structure would not be affected by a Llamas conviction. He is nothing but a name on a piece of paper. MJNa assets are safe, don't worry about it!

That's not your opinion, that's a blatant misrepresentation of concrete facts. You know better

Give me a break! You obviously know nothing of MJNA or its operations. Read a financial statement you clown

Dixie supplies 500+ (90%) of the dispensaries in Colorado. Can't wait for the tourist season to kick in this summer!

I really hope you're joking at this point...

Or thursday, or friday, or saturday...

cant hold on forever

Gap up, fill the gap, HOD, retreat, consolidate, repeat...

Looking forward to all the resistance at $4.20

Today had the 3rd highest volume this year. Price has been stabilizing throughout the day for several in a row now. Demand isn't going away and neither is the 15th... still bullish here.

If you do your own DD then who is to tell you otherwise? I've had people telling me to dump this since .12. "It has to correct itself, its overvalued, it cant keep this up," they say. But most people who do not follow MJNA in depth are just looking at a chart. They aren't doing market research, they don't know how laws are evolving, they don't even know what MJNA does exactly. So trust yourself, look at MJNA objectively, and don't trade on emotion. Good luck!

How many days in a row now have people been yelling a correction is coming? Keep predicting the same thing every day, eventually you might get it right!

I wish you luck with that strategy... you'll need all you can get!

No we will not see .20 ever again. never. neeeeeeveeeeeeeeeer

I think we will see .50 this week without news. With news, at least $1.00. Then we have a whole other week ;]

definitely possible!

Saw this the other day. Sad situation but it's amazing how much a little organic medicine can help. Even sadder is how it's taboo in most of this world. It's amazing how many lives can be positively affected by marijuana. Makes me happy to own a share in MJNA ;]

Monday is going to be a roller coaster for sure

Agreed!

I don't think traders will trickle out of MJNA, I think they will trickle IN. I think the OTHER stocks in this sector will deflate and fail.

Yes. Eventually they will run out of steam. Mere speculation isn't enough to keep the value up long-term.

This is from PHOT's recent financial statements:

"Successful completion of the Company’s development programs and its transition to attaining profitable operations is dependent upon obtaining additional financing. The Company does not have sufficient resources to fund its operations for the next twelve months. Accordingly, the Company needs to raise additional funds in order to satisfy its future working capital requirements, which it may not achieve on commercially reasonable terms. Continued negative cash flows and lack of liquidity create significant uncertainty about the Company’s ability to fully implement its operating plan, as a result of which the Company may have to reduce the scope of its planned operations. If cash resources are insufficient to satisfy the Company’s liquidity requirements, the Company would be required to scale back or discontinue its operations."

You can see right off the bat that their liabilities and debt greatly exceed cash. Almost 66% of their assets are "goodwill" and "intangible" and they have declining income from 2011 to 2012 due to skyrocketing costs of operations. Revenue increased ~100% while costs increased ~500%


After a while, traders will trickle out of these stocks just like they did in the 90s with dot.coms

I think people who haven't done enough research into the sector are buying up the other pot stocks (GRNH, PHOT, ERBB, CBIS, MDBX, etc) in an attempt to diversify and cash in on the whole sector. Also, people are trying to cash in on the hype here with no solid financial backup. They may be hoping they will be future buyout targets. To be honest, I think it's a waste of time. MJNA is the only solid company in this sector and I am all in on this one company.

As Buffet says, “Diversification is protection against ignorance.”

If you have done your homework, you know MJNA has plenty of potential and is fairly priced. These other sector stocks will crash and burn.


One example here:

**From Nov. 19 GRNH Quarterly Report and Interim Financial Report**

"The Company had total sales of $7,200 for the nine months ended September 30, 2012 and $0 for the twelve months ended December 31, 2011 and will not be able to sustain itself at the current rate of revenue without further capital infusion."

Cash at Bank - $1,838

Total Liabilities - $164,703

http://www.otcmarkets.com/financialReportViewer?symbol=GRNH&id=94996

MJNA consolidated around .20 on Friday. We are all clear for Monday!

Didn't you sell Thursday under .20?

HOOOOOOOOOOOOOOOOOOLD MEN!

Slappa da ask, mon

Mine are set at $4.20

MACD has been on fire!

Depends. I like the grey area where we are right now- keeps the big tobacco firms at bay.

Good riddance! I'm holding long here. Not going to end up chasing this up again.

LOL you sure about that? .2879 right now


Hey everyone- give it up with the amateur technicals already. MJNA is going nowhere but UP.

Oh no! Falling back up to .35!

The amount of new posters showing up here over the past week has been awesome... not to mention today alone! Shows how much awareness is building around this company.

IMO we are about to reach much higher tomorrow. The big trades today show that the serious players know MJNAs value and they are willing to pay for it. This hit .23 today and we still have 11 trading days (or less) before the audit. RSI and MACD during the Nov. election show that we can sustain a run at even higher levels, so we are FAR FROM being "overbought". Don't put too much faith in basic technical indicators. This stock is backed by strong fundamentals and news anticipation. At the end of the day, those will prevail over any amateur chart analysis posted here.

Enjoy the gap up tomorrow!

From -1600% to break even?

Agreed 100%. We haven't had volume this high in over a year. This is currently dwarfing the election run.