Medical Marijuana Inc (MJNA)

[gmoneypenny]

It's too easy for the shorts to whack this down. This is how shorts work. They drop it 15-20% with a huge onslaught of selling. Then they can use small whacks to keep it there. Then they do it again. And again. And again. They keep doing this until people's nerves wear thin and people finally dump their shares. Then these jokers buy-to-cover and a small rally ensues. I, for one, am about fed up with their ability to stifle this one. Another company with great potential being ruined for shareholders from the short & distort crowd.

I used to make good money trading OTC stocks. Now it has become increasingly difficult. I've found myself in OTC stock after OTC stock where the playing field is so slanted in favor of the shorts that it's extremely difficult to make a profit on the long side. And anyone that tells you differently is blowing smoke up your skirt (or they got lucky with one stock that made a huge run). I do lots of DD and make educated decisions before buying a stock. But I can't control what happens from the shorts...or even from the company dumping shares. These 2 things have become much too prevalent in OTC stocks. It's becoming harder and harder to find that "diamond in the rough".

I sure thought MJNA was a "diamond in the rough". In reality, it's just another OTC stock for the shorts to set up camp for awhile. I wouldn't be surprised to see this go back to .10. The longs cave in too easily & the shorts have full control.