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Finally some news that will benefit MJNA over the coming year... if anything, makes them a great M&A for another company. I still miss Dr. Stuart Titus' leadership.
I was wrong about MJNA. I'm out when I'm out. With so many shareholders, now holding so many shares and eager to sell, any uptick will be held down by massive sell outs in my opinion. There's no shareholder consensus regarding price and I could go and on about this but, I won't. Peace out.
Imma' try this again: Based on the following short interest data direct from the otc markets website, (link posted below), there's just not enough information available for me to use in order to determine where the stock price is likely heading based on short interest. That said, last month's short interest was low/a big improvement from January. That's about all I can sum up where short interest is concerned for the moment. I'm looking forward to having a little more information in my hands regarding short interest in the near future. Time will tell. :) Have a great weekend everyone.
https://www.otcmarkets.com/market-activity/short-interest-data
Thank you! I'll be sure to keep that in mind next time I decide to go there. I can't believe what they do is legal... it blows my mind how easy it is for companies such as theirs to attempt to defraud the public without consequence. Anyway, I'm not surprised. But, I am grateful for you sharing your insight. Have a great weekend.
Thanks for that information. According to your link there's been 0 short interest thus far for the month of March. That doesn't seem likely at all but the OTC requires companies to report their short activity twice monthly. Here's another "retail" link detailing the short interest activity for mjna:
https://www.otcshortreport.com/company/MJNA
For comparison, here's the otcmarkets link detailing the short interest activity.
https://www.otcmarkets.com/market-activity/short-interest-data
Interesting and somewhat disturbing how the "retail" short sector outside of FINRA and the OTC Markets is reporting vastly different numbers thereby painting a vastly different picture of the stock's performance over all.
Short interest in this stock remains high according to the following link. Usually, when short interest is high, it signals a downward movement of the stock in the near term. So, I wouldn't be surprised at all if the stock moved down a bit but, in my opinion the price will likely stay within the outer bands of the Bollinger Bands falling no more than roughly .05 cents a share sometime next week, (providing there continues to be trading on low volumes and low moral through next week). Since, I have a long term strategy, these weekly price fluctuations don't bother me much.
https://fintel.io/ss/us/mjna
Here's a link to an analysis by one of many analysts covering this stock: For some, like the shorts, it'll be cringe worthy. While others will be over joyed. Me... I'm cautiously optimistic and I view more than one analysts report regularly.
https://simplywall.st/stocks/us/healthcare/otc-mjna/medical-marijuana#valuation
Opinions based on conjecture are not facts. too funny man. That's okay. keep trying.
You went to wikipedia to do your due dilligence? Really? Seriously?
A little technical analysis of the charts to finish the week for MJNA:
RSI (14) and (10) finishes this week at 50... meaning there's no trend up or down that can be supported by the RSI. So, in my opinion, there will be a mostly sideways price movement with insignificant ups/downs through next week, (providing Mexico does not yet legalize marijuana next week). I also support my opinion with a technical analysis of the stock's price history relative to the EMA and SMA. The EMA and SMA finished the week with the EMA crossed over and slightly above the SMA which actually signals an up trend. But, the stock price finished the week slightly below or on the SMA which indicates a slightly downward trend. So, the EMA and SMA in my opinion cancel each other out as they are in direct opposition with each other which further leads me to believe the stock will likely move in a relatively sideways direction next week (up slightly on some days and down slightly on others). Finally, the stock price relative to the Bollinger Bands finished the week slightly below the center average while the outer bands continue to squeeze the price further indicating the price will move up or down through one of the outer bands eventually. I doubt that kind of price movement will happen in either direction next week without Mexico legalizing weed. Personally, I don't expect Mexico will be legalizing weed until April. If they legalize sooner, then hooray! If not, then in my opinion, the stock price will continue it's sideways forward movement somewhere between the outer bands of the Bollinger Bands for next week anyway. I'll have to recalculate my opinions after next week's close. I'm not sure what the other retail shareholders plan for next week to do with their shres but, my plan is to keep my shares locked up in a stronghold for lack of any good reason to buy or sell at the moment. Have a great weekend! :)
You should rephrase your question and ask, "Where's the volume of selling?"
Still waiting for those numbers you keep talking about.
Why don't you support your statements with your so called numbers? Show everybody how you fall into the 1% of MJNA shareholders that rules by way of their intellect over everyone else.
You know... some MJNA shareholders inspire me to recall all the people I've seen that got pounded in the shore break trying to paddle out to the line up to surf our lovely waters. They got pounded because they refused to even consider, much less look into the advice of a caring stranger. Some make wagers on um, some don't, but, all thank goodness for life guards. hahaha! :)
Great news for the industry. Hopefully, it all works out well. Thanks again for sharing and keeping everyone informed to make informed investment decisions. :) Have a great day.
inter day highs are not an indication that all shares for the day were in fact purchased at the highest price for that day. Everybody knows that.
Anyway, don't be sorry. I know I'm not.
inter day highs are not an indication that all shares for the day were in fact purchased at the price. Everybody knows that.
Yup. China is not afraid at all to eat all sorts of things for their health benefits. So, I'm not at all surprised about the welcome wagon they've extended out to CBD... I am surprised it's taken this long.
Days with low volumes and relatively small price bid/ask differences on the charts are, in my opinion, a sign that the price has stabilized at least for awhile meaning any price move up or down will be relatively small for awhile as the chart lines continue to move sideways within the Bollinger bands for a future tight squeeze. Also, the EMA and SMA line appears as much to be a ceiling for the stock price as it is the floor of the price. My position in all this at the moment is in a "Strong Hold".
Great news again! Thanks for sharing. California's new and improved CBD legislation in my opinion will certainly have a positive impact on MJNA's fundamental progress in the near future. That said, California's new and improved CBD legislation will in my opinion also benefit the health and well being of humanity in general especially in the fight against Covid.
Great news! Thank you for sharing it. Already taking CBD. Meanwhile, back on the farm: The Short interest drama playing out today, in the afternoon trades, on low volumes is a prime example of some seriously desperate price manipulation maneuvers utilized by shorts to shake up a tree for shares so they can cover their short for their profits... Not my circus, not my monkeys for sure.
Just now during the inter day trade, a huge order to sell 2million shares for cheap was placed, to be gobbled up rather quickly... I wonder if it was a short covering their play or a retail investor who purchased those shares?
Considering yesterday's short volume, (roughly 11mil according to:https://fintel.io/ss/us/mjna#), I wonder if enough sellers miraculously appeared today to cover the short interest from yesterday as well as satisfy the retail interest in the stock? At what price the stock closes at today should be very interesting and telling.
Retail investors tend to have a far more traditional trading strategy than institutionally taught traders do. In my opinion, Retail Investor's strategy is one that lingers at the very foundation of stock market trading which historically is the farming and voyaging industry of the past.
MJNA Short interest chart:
https://fintel.io/ss/us/mjna
Now that I see more and more people are shorting the stock... I'll be sure to capitalize on their false down turn and buy... there by competing with them for cheap shares... hopefully, there will be enough for the both of us.
Check out the increasing short interest of this stock... more and more people are taking a gamble on the stock going down... considering the political climate and other fundamental company factors... I dare say that's an extremely risky play for peanut profits because there is no way the stock is going to .02/.03 a share without some serious stock price manipulators on board especially during low volumes when the stock price is easiest to manipulate with only a few shares bought and sold here and there on the way down between market makers. Shorts consider their strategy for increased profits "advanced". I think not at all. What do you think?
https://fintel.io/ss/us/mjna
Tell that to the institutional owners of MJNA... over 90% of whom held on to their shares or bought they bought more shares.
AXIM's covid test EUA will hopefully be approved in another week or two... providing their research/studies/trials meet FDA standards for the test... here's some great info on the process:
https://www.raps.org/news-and-articles/news-articles/2020/8/fda-requirement-updates-for-euas-for-diagnostics-t
I'm not so sure that's really necessary... I think it's best we hang out around this price for awhile and let the Bollinger Bands Squeeze shut.
I think there are a variety of MM's on board this stock these days trying to profit from the bid/ask spread. Hopefully, they don't wig out and create huge price differences between the bid/ask. They'd do best if they kept the price moving up gently... Longs, such as myself, don't like to get jerked around much over peanuts.
Day light savings time sucks.
According to https://whalewisdom.com/stock/mjna we even have a hedge fund on board these days... not too sure how I feel about that as an independent retail investor... God only knows what the hedge fund strategy is/will be moving forward and how they'll impact the stock price. Either way, the interest and daring is much appreciated.
Institutional ownership has largely increased or held recently with only one sell out. I'd say this bodes well for MJNA.
Looks like this stock is moving in to a tight squeeze within the Bollinger Bands signalling a price move up/down is imminent. If the EMA and SMA have anything to say about the direction this stock is headed in... then it's going up.
Currently, at this price, the stock price has moved above the EMA... pulling the EMA above the SMA signalling an up trend reversal... *providing the stock price holds or appreciates over the course of the day of course.
There seems to be some background noise trying to manipulate the stock price today early on with their huge bid/ask spread on low volumes as a deterrent for would be buyers. The shorts must be getting desperate.
This stock has obviously grown in popularity, despite Friday's close on the lowest recorded volumes for two months now. Overall, the month of March is recording high volumes than previously averaged over 2020. And, in my opinion, the monthly volume totals will continue to outpace the yesteryear monthly volumes further adding liquidity to the stock.
They definitely have a manufacturer, etc and are probably already in full manufacture mode ahead of the FDA's EUA grant but, the quarter is nearly over and I figure it'll take at least another two weeks before they receive approval from the FDA. So, for the first quarter for AXIM, I'm expecting they'll report on a huge expense due to their initial investment to manufacture the product, etc. After that, we should see a full quarterly report detailing their progress selling the product. I just figure I'd give AXIM an entire quarter to demonstrate what direction they're headed in for the rest of the year. :) Regardless, they've already clearly demonstrated their capabilities as researchers especially in the cannabis arena.