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There is strong technical chart evidence that we my pop and run tomorrow. Indicators will go positive on break above .275 "Hold on" long and strong. GLTA GO $MJNA
I like the last paragraph which makes the case for legalization.
"Just as states repealing their own bans on alcohol made it increasingly difficult for the federal government to enforce Prohibition in the 1930s to the point that national ban was soon repealed, each new law that removes local police from the marijuana enforcement equation hastens the day that Congress is going to have to catch up with the majority of voters that polls show support legalization."
The chart is showing weakness across the board using any technical so knowing its down trending we look at the candlesticks for levels of previous support. .18 and .22 were the most recent levels of previous support so we wait it out to see if they hold. I had a buy limit order in at .22 thinking it would have to go to at least .215 before the ask would get to .22 and it did. Now we wait to see if the pps finds its way to .18 and set the buy limit order accordingly. GO $MJNA
Its the Directional Movement Indicator used as a technical analysis, in the case of the chart MJNA at stockcharts dot com and the chart I linked to my post. Sorry I got back to you so late. I've been away today but I see the buy limit oder went through as we had a low of .21 like I thought we would. Still Have another for below .20 locked and loaded. GO $MJNA
Flush coming D-ADX is negative
For nearly 40,000 years mankind
The chart overall looks weak. The DX crossover on the D ADX looks like it may go negative if there isn't a push up from here. The RSI and MACD are already negative. It looks like a flush to .18-.22 is likely and another buying opportunity. No matter what, its a crapshoot. I'm locked and loaded with limit buys above and below .20 should a flush come. GLTA GO $MJNA MJNA CHART
Yeah I saw it. Good observation-true. I'm just messin. Its funny, yet sad the fears over this.....one of the safest bets in emerging markets.
Thats true and the shocker will be that the estimates made on this board are likely below actual. I believe it will be above 10 million easily.
Tomorrow may be another day to buy.
I'm in with a limit @ .22
I have cash but I'm not putting in more skin unless it hits .22
How many share sold for below .25?
I think you mean its dropping a penny at a time.
The last time we walked this pps tightrope was at the end of December and a week later we jockeyed for higher highs.
An SA'er truthin about an SA'er. And this is what he said: MJNA increase in short sales were likely was associated with the release of Infitialis's article "Chronically Criminal" in which they stated that Medical Marijuana "is a penny stock company run by criminals and alleged fraudsters". The article was actually released on the 15th of February which lined up perfectly with the date of the short interest reporting. As for the overall effect, a lot of these stocks trade in lock-step, so the other marijuana stocks in this space were also most likely affected by the article's focus.
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I'm sorry but I don't see it....the golden cross on the weekly. Maybe you could show us?
If it looks like a duck, acts like a duck and quacks like a duck...its a duck. Similarly, if it looks like dilution, acts like dilution....its dilution, which is a negative.
I would rather see them in the buy column, no warm fuzzy where they hail from, for me.
Time will tell because if management had little to do with todays 4 million share dump the 1.5 million buys are short 2.5 million buys.
Not necessarily. It could be sold back into the company float on the back of shareholders holding on hopium.
Those are 50,000 and 71,000 plus a 900,000 sell orders. Not boat loading.....abandoning their boat loads.
It has held .25 bouncing off there for several sessions so, if it breaks through I would say something smells fishy.
If it breaks down below .25 I would say something aint right!
Here's a great article on mmj an the economic benifits of recreational use Pot-Friendly Bars Test Limits Of New Legal-Marijuana Laws In WA, CO
As I am in many mmj sector stocks my portfolio is showing all boats rising since last week.
At this point the sky's the limit for $MJNA and for them to make a mistake like that would be financial suicide for all of us and them.
You mean, "They are not interested in selling "on the way up" because if they did, it would prompt "insider trading" accusations because they would be selling based on foreknowledge of big news."
Same story day in and day out. All buy orders are met with sell orders keeping an equilibrium @ .25-.26, careful not to push it below .25 and upset the apple cart
April 9th $12.50.....may as well dream big.
I'd say a lot more having that much cash from the sale.
Maybe it was Rachel Fox @FoxonStocks
Only buy in to the morning or closing dips.
SA Infidalis puck........I always make sure the article link isn't to an SA author any more. They get no more paid clicks from me.
Hollywood already has a rep: Cheryl Shuman
Found her Rachel Fox
Yes I read about some young female celeb who is on twitter pumping investment in stocks.
The last low befor the last qtrly was just above .07 and I rode it to .50 selling half and buying ondips to .18 back up to .35 and buying on dips to .25 again because the same thing is going to happen but next time the qtrly comes around; we will likely make new highs.
I don't believe that. I believe there will be an initial push higher on qtrly er release then a toss up on Holder and uplist news.
But the numbers changed today not yesterday when good till market close orders canceled, yesterday?