Medical Marijuana Inc (MJNA)

[NavyMSU]

You're looking at near term technicals which have no value in analyzing a stock for long term. There is no analysis of the market or operations of the company, nor any risk mitigation assumptions in your price. $.37 assumes a market valuation of 200M! Gonna need an insanely great quarter to justify that. Assume P/E of 20, need a quarterly earnings of $2.5M.

Of course rampant speculation can drive the P/E higher.