Medical Marijuana Inc (MJNA)

[nopancakemix]

MJNA Trading Outlook
I'm not much for trading MJNA per se. Covering a trading position is the best way to trade because it will limit losses. The best ways to cover is via options and shorting the corresponding equity but MJNA does not trade options and shorting the stock isn't necessarily the easiest endeavor as most platforms including etrade don't allow it even if the shorter owns the underlying equity. The difficulty shorting also leaves MJNA little firepower for a significant covering rally because the short volume is so low.

There have been many chances for short term gains but I'd chalk that up to sheer luck of the draw. Buying and hoping for a pop due to an event or PR is not trading, more so gambling. Should a major pop occur, in order for it to be sustainable, MJNA needs to have fundamental success. A pop on hype will not be sustainable nor will there be any serious rally due to short covering.

I'll admit I've had my success swing trading MJNA but I have done so to establish a position. I was intrigued by the sector and got in at a good time, only taking profits to pay for the position.

Good luck to all traders and investors