![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, May 24, 2013 10:25:18 AM
It's time to get out of Medical Marijuana (MJNA.PK). Well, actually the time to get out was when the stock traded over $0.30, and I was pounding the table to get out. There is still plenty of downside left in this stock though, and I believe that the shares will be trading in the $0.02 - $0.05 range within the next couple of months, if not sooner. This is a penny stock that was pumped up based on a misleading "earnings report", and what you are seeing now is an orderly march to the exits. Whenever this stock pops - I repeat whenever it goes up - sell into strength before it's too late. Do not get greedy, do not "hope that it pulls a Medbox", just sell.
The Pumpers Try To Fool You
With a stock like this with questionable financials and management, you need to go underground for almost all discussions/analysis of the stock. This means messageboards such as the Yahoo! (YHOO) boards, InvestorsHub, and the like. Here is a very simple trick that you should use to know when to sell/short the name: whenever the "pumpers" are out in full force, they usually show up when the stock is on the upswing. Why? Because these are generally low float names that could easily be moved by retail investors, and when the stock is up, the "pumpers" are actually selling shares to you! That's right, they want to keep people buying and buying so that they can hit the "sell" button without attracting too much attention. read on
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM