Big Dogs freaked out the little pups LMAO... I used to fall for that, back in the day. When big money pulls back in the short-term the small investors panic and sell without thinking long-term. It's human psychology.
REMEMBER: Marijuana will be legalized this year. THIS. YEAR. Big Tobacco has already been buying up the marijuana fields in preparation. Why do you think Bill Gates bought up all that farm land?? Money talks and the wealthy Elites that normally keep a boot on our neck are now finally on the same page when it comes to the marijuana/hemp industry. They want this as much as we do. But they'll still screw with us on the way up when they can because they want to monopolize their profits. That's all they care about. (Obviously).
Every pot stock will double overnight at whatever price it's at (30-35 cents) the day before the legalization vote AND the day after and then some. People who say "$1.00 GLTA" and "TO THE MOON" should be ignored. These are hyperbolic pumpers. But 50-cents by end of year, however, is very realistic for MJNA.
The initial rise was too fast due to overzealous shorts but some Big Money even missed out, so MMs created an artificial panic and got it all the way down to just above 10 cents. Small fish panicked and ran. That's what they counted on. MJNA will bounce back once people realize this.
The greatest lessen I ever learned about trading? BUY ON FEAR. Don't let them f#ck with your head.
The bleeding already ended at 10-cents. That's evidence of how strong MJNA is. MMs wanted to push this down as far as they possibly could and the long-term holders said NO at the dime mark. That's pretty f#cking great considering this was at under 2 pennies in December. We should be celebrating.
Expect a close in the 13-16 cent range today once all this settles in and then we begin another steady rise up to 25-30 cents (then another pull back of 25%). Rinse and repeat.
Don't let the Big Dogs gobble up all those cheap shares in the meantime. If you're serious about penny stocks you have to expect to take a hit here and there. It can't be up 20-30% every f#ckin day over and over and over, right? Six steps forward and one step back is NOT a loss. It means the stock is strengthening it's foundation. This is HEALTHY. If this shot up to 30 cents today it would be incredibly unstable and that is NOT what we want. We want reliability. Long-term investors want a solid, steady rise and that's exactly what is being set-up.
THIS IS HOW THE GAME IS PLAYED.
If you can't take the heat, go ahead and sell off now and get out. This isn't your jam. If you don't know how the game is played, the game will play you. My advice right now? BUY. 10-cents is the new floor. Or if you doubt me, just hold and do your own research first. Actually, always do your own research. But I have been investing in this stock since 2013. The only stock in this industry I was way off on was ERBB many years ago. American Green isn't a real company with real revenue. That early failure led me to do a LOT more research and MJNA is one of a handful of no-brainer investments in penny stock world. Most penny stocks are scams to one degree or another. MJNA is one of a handful that I recommend to close friends and family knowing they'll hate me later if I'm wrong.
Only invest what you can afford to lose. Sell enough shares to get your original investment back, then let the profits ride. That way you never really lose. I don't post here much, but I saw a great need for honest guidance and some realistic, sound advice.
Cooler heads will prevail, as always. I wish everyone good luck and hope this information helps you.
Be smart, not greedy.
And wear a f#ckin mask!
Stocks on my radar:
$MJNA $HEMP $USMJ $HMNY $DEWM $UBQU
