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$mjna $.10 with news lol!!
Kindof a dick move to put out the shelf on a day with the vote. Heavy pressure on the PPS
BOOM - buy all you can
If Dems win...this explodes
Hopefully from its current price....ASAP!! Sittin on a boatload of shares and patiently waiting for a long time. Too long IMO. Something has to give at this range
We need a buyout
Nice letter. All in due time. This is not a trade but a longer term investment. Patience is very key here!!
This is easy $$$$$$$. Tune out the BS and follow the trends
I see this trade as being very easy. Yes there are obstacles in the way but these laws are changing everyday and very rapidly toward everything marijuana and CBD. Its not going away it is the wave of the future. Most people are against big pharmaceutical companies treating beings as lab rats. You have no idea what is in the drugs these doctors prescribe. CBD is a natural product and the more people find this product works the more it will explode in large and small companies.
I like the fact MJNA is small but branching out in different countries and different products. Diversification is key here.
I dont like they have unaudited financials and have OS of 3 billion but once this thing catches fire its all going to be in the past. And i think its going to be sooner than most think.
Just my 2 cents
I did the same thing!! Hope this keeps dropping tomorrow then rocket up for the rig count decline on friday. I love this job!
Maybe this is when the "condsolidation" happens. Just like when all the big banks merged when they were severly undervalued. I can see that happening but its anyones guess. Everyone in sector is feeling the pain. Cant believe GPRE and REX either. ADM is even taking a big hit
Thats exactly my point! PPS fell $13 dollars because ethanol took a hit for a week but then bounced back. Margins are healthy so who cares about oil price?? And how stupid do you have to be to sell at these prices? I can see if both ethanol and oil fell sharply and corn went up but ethanol is staying relativly steady for the most part. Just having a hard time justifying this plunge thats all
Is it just me, or every time they announce a conference or participate in an event, the pps suffers. Yes oil is down alot but ethanol recovered nicely and holding so what gives?
I still cant believe this stock falls over $10 from the high on no company news or no PR. Nothing! Smells bad and seems very criminal. A respectful company would have released something by now. What a shame
Lets hope so!! Amazing how there is no sign of support at any level. This plunge is very deep and relentless, almost like they need it at a "specific price" for buyout. Kicking myself hard for buying back in and not going with GPRO.
Slaughtered! 6mth/daily chart is brutal but looks to be making the curve up in next few days. We need to hold this level first. Charts say we are headed up...but they been saying that for a while.
I bought this morning at $15.10 to add to my existing position. RSI is 23.24 and MFI is an amazing 4.84?? Is that correct? Never saw a stock that low before. Ethanol futures are 1.605 and falling, have to go all the way back to early 2010 for these prices. Cant see that going down more. With the huge corn harvest upon us, how low do you see this going?
Overall, the energy sector is smashed along with REX, ADM, GRPE...etc. So its not fair to just pick on PEIX. This stock seems to have the best position for the next run and I hope it's starting now.
Come'on baby hold on and stabilize because I'm all in!! It will be very interesting to see what the institutional ownership and warrant tallys are now.
Vick I'm not a basher and have never bashed PEIX. I am an investor and only mad at the irrational drops this stock has produced. I actually bought today. Bashers dont buy. I will say this though, this thing has the most wild swings in my long history of trading. I'm with you on the up swing. I figured this would sell off and rebound in $19's but this stock always surprises.
This management does suck! Their stock drops over 25% from the high on no news and not even a peep. What a bunch of cowards. You would think they would issue a statement. Good thing this stock got all the upgrades though. See ya in a week. GLTA
$6 dollar drop in 5 days is an absolute joke. I added at $17.30 today because there is no way....no way this is going to keep dropping. All charts are now extremely oversold. Margins are still solid. Buying will come back.
Something is going on thats for sure. I figured this would settle at $19 but that looks very far away now. 6mth daily RSI is almost at 30 so look for a bounce soon. Wouldnt that be something if they brought the price down, scared out majority of the smaller investors and announced a buyout. Not starting the rumor train but there has to be a reason for this? It is scary because of higher volume I admit. Stranger things have happened. Not adding anymore until the smoke clears
Funny how this stock can lose 2mths of gains in 3 days. I sold 75% of my position when it stabilized in low $23's and just started adding slowly now. RSI and MFI are close to oversold. Look for rebound to $21-22 in next few days. Hard to complain to much because of the sector sell off, but the people presenting DD here have it right. The sector is solid and hopefully the presentations this week will bring back the buying power. Even the buyout rumors have me intrigued.
A buyout right now would be a total power grab. Wouldn't be surprised if big oil stepped in soon because this is getting cheaper by the day. They know what its worth more than the general public.
Amazing sell off though. I knew it was coming but not this much. I guess I'm glad my funds didnt settle or I probably would have bought in earlier. GLTA
I agree with you both. I'm not an expert chart reader by any means, but when the RSI and MFI both go into overbought/oversold thats when I typically make the move. As it looks right now, RSI is overbought but MFI has a little more room to overbought territory. And I usually only sell a portion of my position at a time
Just had a funny thought. Anyone remember GoGreen? What a clown!! Tried to tell me this couldnt make me any money. Haha!!
I miss the rain since I live in a desert, but I do use PEIX product;)
I think she's ready...after nice consolidation and I got a few new entry points in and she might be ready to party again. Have big orders at $18.50 and $18.25 just in case she decides to plunge but dont think its gonna happen. Whole market is oversold and today should be the last of it.
Sold in mid 18's and rebought all I could below 18 this last time. Looking for $22 this week. With everything going on in this sector it has room to run. Nice consolidation after the morning sell off. There will be a new HOD
I hope it does! I missed the dip this morning but have an order just in case it does. Looking pretty strong right now though
So true! Today was my day to take a walk lol
Hey if this happens then it happens, I still own a nice position. But my gut tells me its going to give up some and spring back. When/if that does happen I will rebuy alot more. PEIX had made me some serious $ and I had to take the cash. Earnings haven't been announced yet so I will gamble on the pullback until then. GLTA
Hello $18...how are ya? Lol see told you. Just rebought another small chunk. RSI and MFI is oversold now. BTW you are right about long term Value. I have been in ling term but cant help myself to also trade intraday.
Totally agree Vick1!! Don't short this, just take on the rips. Whoever is short on this is an idiot
Seems as though that dip is happening right now lol. Play the RSI and MFI and you can see it happening before it happens
Well I hope it hits $20 soon since I still hold a respectable position. I think its overbought here and looking for a dip, 7 straight days of gains warrants some pullback. Earnings are going to push +$20 for sure
Took some profit at $18.69. Been a huge run for a long time, look for the pullback before earnings. Hopefully reload below 18!!! If not I still own a nice position. GLTA!
This is a joke....losing 10% every day? This stock is the most manipulated I have ever witnessed. All those gains for last few months get wiped out in 3 short days. Total BS
Upgraded from Neutral to Buy by Sidoti. Statement on Scottrade
Parabolic!!! Admit I wanted to sell many times. Most frustrating stock I ever owned. Thanks to all the level heads on this board. You know who you are! You made me confirm my DD through the last year. Cheers
Been along time since I rock n rolled! How sweet it is baby....how sweet it is! Can't freaking believe all those idiots on Yahoo. Patience was the game here. Core position in tact and powder on the sidelines for playing. Doesn't get much better than this
Ahhh whats another 2.5% loss??? If I had balls of steel I wld average down but just cant seem to push the button. RFS might decrease. Big oil is a major influence in this country and with U.S. slated to be #1 producer soon....doesnt look good for their bottom line. What a pickle
Look at the chart...its pretty ugly. But my guess would be it retracts to $3.00 then next few days hits the low of today. Or...it just keeps on dropping like a rock. Who knows