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$MJNA Great article!
http://www.smallcapreview.com/mjna.htm
Stocks go up, stocks go down. If we look at this from a purely technical viewpoint, this stock is:
A. Still in an uptrend, pulling back but still in an up trend.
B. We've had three red days in a row. Almost 5. Technically, we're due for an upswing.
C. There's still support at .08 (50MA)
D. If this was a standard penny stock just shuffling along, I'd say it still had potential.
This is not a standard penny though, IMO because the company has viable product and there's SO much potential out there. Pending any bad news, were looking pretty good here. That's JMO. I like charts. For those who don't, then disregard everything I just said. It's all JMO anyways.
Do they have to release the financials on Thursday? Or is this just the technical "due date"? Is there any penalty if they don't release them and if they don't should we expect more nervous shareholders bailing out?
I'm just mad I bought in too soon, should have held out for the dips. LOW FLOAT, LOW FLOAT!!!! Those two words are keeping me in this one!
Are we assuming the Q3 financials are coming out on the 15th, because technically they're due out by that date or do we know for sure they will be released on Thursday??
This shows the outstanding shares as well as the float:
http://finance.yahoo.com/q/ks?s=FEGR+Key+Statistics
I totally agree, I actually like how it continues to bump .11. That's a good sign, should be bouncing soon!
In regard to the possible delay in 3QTR financials being released, and the issue of them being unaudited. I have owned and operated a successful business for 22 years. Financials take a lot of time to complete And audited financials are even more time consuming AND you are at the mercy of your accounting firm. Just because they may be delayed or even unaudited does not necessarily mean the company is in trouble , etc.
IMO no need to be concerned about this issue. Once they become up listed then they will be required to play by a different set of rules. JMO take it for whats it's worth.
Thinking about getting in to this one, am I too late? Does anyone see a slight pull back next week so us latecomers can jump in? I hesitate to jump in to a stock that's already soaring. I like the sector though.
IMO, the volume still isn't high enough to create the demand needed to make this thing fly. They have almost 600 mil outstanding shares. Can't find what the float is, but that's still a high amount of shares. Plenty for everyone right now, and until the supply weakens, our price isn't going too far. However, chart wise, we are in a good spot. Very close to blue-sky breakout. If we can break the resistance of .16 then I see new investors flying in and this baby could really soar. I'm waiting anxiously here. Of course this is just my opinion.
I have reviewed your previous posts and you have not been correct yet in regard to your "predictions" on this stock.
Unfortunately, I have to agree with you here. Too many shares out there, the volume has to really increase in order for us to see a spike. I've got faith in the future of this however, so I'm holding on to my shares. Going long, but not too long!
I thought this stock was a good idea, considering the news and elections. However, the float is just WAY to high. This stock will not skyrocket with a float of 675 million shares. Average volume is 2.2 mil in the last 10 days. Small profits on the way up, but no breakouts. JMO
Sorry I disagree.
Now that's what I want to see! Thanks! And btw, that last post was not intended to be directed to you, it was just a general comment to the board.
Sorry, but no way. It can drop to .09 and no worries. This stock will bounce, and it's going to happen real soon.
We shall see by the end of this week, if the elections had any effect on this stock. If we are still in the .11 - .13 range on Friday, then I'm going to say this is going to be slow climb until they uplist. JMO
I agree. However, the stock will bounce eventually. Unless some horrible news comes out, which, as far as we all know, is not expected.
So the chart is crap? OK whatever.
Everyone relax. The technical analysis of the chart shows that we have support down to .09 at the 50 day MA. Usually if a stock falls down to that 50 day moving average, it will then bounce upwards. If you just look at this stock technically, and put aside any forthcoming news, it is due for a bounce. Don't be surprised if the Money Runners show up today with an alert. No need to panic here. It's going to take awhile for the upcoming news out of the elections to get a huge spike in this stock, unless there's some national publicity specifically mentioning the stock $MJNA. JMO
I have been watching the other stocks in the sector and I don't think it's just a coincidence that $RFMK, $COIN, $HEMP are all RED and $CBIS is just barely green. This is, IMO, an obvious "buy-in" opportunity. These stocks won't trade sideways or dive after tomorrow. At least that's what I'm thinking.
I just checked on the other stocks in the sector and they are all down right now too. I'm guessing it's just a push down before the spike.
I wish I wasn't so hasty! I bought more at .129. I should have had more patience!
New traders,(and I'm talking to myself here too!) don't let these low numbers worry you. Hold tight to your shares. This is normal with any stock. MJNA has huge potential, lots of news coming up in the future. The elections will give it some steam too. IMO it's not going to soar to unknown territory this week, but I certainly believe it will continue to rise. I see no problem selling off a few when the price rises, just to skim off some profits. I'm in for the long haul here.
Barring any news today, I'm going to predict an average day, perhaps a dip as low as .125 and a close around .14. I think next week will be when this thing flies!
Thanks dolly2! I kept waiting for the dip last week and when it dropped I waited too long and missed the best buy in price. Maybe I'll do better tomorrow!
Need help understanding a gap. I understand that a gap up is when the price opens higher than its previous close. How is the new "gap up" opening price determined then? Since is closed at .125 on Friday, I thought I'd be safe with a limit price of .13, but now I'm not sure that's a good idea. Can anyone enlighten me here on how this works. TIA. I'm a newbie :)
I'm new to ihub and trading, and as I observe and research there's one thing I have learned....the way a stock performs on any given day rarely matches what is being said on these boards. MNJA is an exception though, given all of the recent news and upcoming news, it's performing just as MOST on this board have predicted. I'm in another MMJ stock and the board is insane right now. I guess it's all to be taken with a grain of salt. IMO can't go wrong with $MNJA right now.
looks like .125
I've been waiting on the dip and now I might miss out because my funds haven't cleared yet! Today is a good day people! Buy at the dip!
Just went into Scottrade to make a deposit, and the agent said "How's your Friday going?" And I said "GREAT!, I'm in on a great stock and making money!" He said "Oh what stock would that be and I told him "MNJA, Medical Marijuana" And he said "Really? I just watched something Sunday on 60 minutes about this company that sells products with it in it, and they're just owning the market right now" I said, yep that's the company. He said "What??? That's the company you own stocks in, seriously? Wow, tell me more please! After watching that I thought, wow, if this legalizes in a couple more states, this company is going to soar!"
I think I found another believer here!
That profile pic is a Victoria Secrets model. So, with that being said, I take what he/she says with a grain of salt! This stock IS NOT behaving "typically", way too much on the near horizon for that. I'm watching for another slight dip, then I'm buying more! I've been on board for a week here and am SO glad I found this board! Great days ahead.
I have a business to run here, but with all of the excitement on this board, I'm finding it hard to stay away! I keep telling myself, "do not go to ihub for at least one hour" and then 5 minutes later I'm back! Looking very good for $MJNA today!
Looking at the chart, I would expect a pullback, however this one doesn't seem to be behaving in a predictable manner. Anyone thinking we might get a pullback this week? Id like to buy a little more.
Scottrade doesn't allow setting a sell for an amount as high as $1.00. Message comes up saying they won't allow that amount for stocks under a $1.00. Highest I could set for a sell was .35.
I'm one of those "new" investors. Actually jumped in with $RMFK, but after some DD, decided I needed to get on board the MJNA train.
I'll admit, I'm addicted to the hype, but in reality here, how sure are we that the elections will be in our favor?
New to this site. Just starting out. Dove in with RFMK as one of my trial runs. Not much on the table, but I'm liking what I'm seeing so far. Have done my DD and have studied the charts obsessively. Had another stock I was eyeing a few weeks go, put n order in at .50 a share, got nervous and cancelled my order. In one week it rose to 1.37. Missed that boat. I liked the comment that this is ready to hit a golden cross which will be detected in the scans. I'm sticking with this one for while!