Medical Marijuana Inc (MJNA)

[nopancakemix]

How About This Interpretation
Waiting to buy is typically a smart move with large cap stocks although even in that instance it can burn the investor. I bought @APL when the iPod and iTunes were a pipe dream and Macs were still a niche computer. Had I waited to buy, as suggested by many, I would have missed out on 2000+% gains.

With MJNA (and I am slowly realizing with many active penny plays) waiting is a bad idea as it vastly decreases buying power because these stocks can easily double, even triple overnight. I got in around .03. In a few shorts months, that became .12 then .16 and literally I woke up one morning to see .45 overnight.

So had I "waited" as you advise, I would not only have been unable to buy such a massive position at a ridiculously low cost basis, I probably would have eaten crow by buying at the unsustainable highs.

It's always "I ilke MJNA but......", "I want to recommend MJNA but.....", "the company is taking the right steps but...." At some point, one would move on but you are using MJNA as a personal spring board to launch your cannabis investing website and only track MJNA because it has been the most popular equity in the sector.