Medical Marijuana Inc (MJNA)

[nopancakemix]

Its In The Charts People
Friday and Monday's run was an unsustainable outbreak. MJNA popped well about the standard deviations aka bollinger bands and could not technically continue the run. Sure enough it was reigned it back to acceptable levels.

The earnings report really was not that disastrous. I like how the SA fella had a weak, diluted article ready to go. The takeaway I have is that management is still a bunch of clowns holding on to a golden ticket. MJNA management is clueless as to how to manage a growing company. The sub$10,000 Canchew sales is a little disappointing but the gum was only on the market for a small portion of the quarter, as well as being poorly marketed and even less successfully distributed. I find the lack of RDH numbers to be interesting, perhaps there is more to the THC play than disclosed.

I am feeling pretty bullish going into the end of the year. The 2014 election year could be interesting.

http://stockcharts.com/h-sc/ui?s=MJNA&p=D&yr=0&mn=4&dy=0&id=p08593369940