Medical Marijuana Inc (MJNA)

[nopancakemix]

Riding High - Hype Swells as Tides Lift MJ Stocks
This is what is wrong with making statements like this (see original lost), especially as a "professional."

Yes MJNA was a dud if you have a short time frame but as I explained numerous times that buy at .16 was paid for using profits from buying MJNA in the low single digits and selling chunks at .16 and .47. Buying back in at .16 was averaging up from a splendidly low cost basis and was a long term investment/trade.

But by no means is this buy at .16 a "dud." Nor has any one of my MJNA or cannabis stock buys to date. Shockingly at nearly 900% gain MJNA is not even the top MJ holding in my "cannafund." I am a realist and will be the first to say the hype from Colorado is what invigorated the cannabis markets. This is not a fundamental boom just yet. The first quarter earnings reports will help give some guidance into MJNA's revenues and other companies as well. I took profits in ER88 and SKT0 at ridiculous gains. I am tempted to reinvest some profits but those 2 positions have taken up a lot of real estate in the fund and I'm pretty loaded up on MJNA. I am not selling MJNA until it passes my previous selling high of .47

Now it's a waiting game until Q1 earnings. I don't expect spectacular numbers but I hope to see results from the HempMeds exposure. I'd like to hear some insight regarding the Dixie lawsuit, revenues and maybe the SEC issue.

2014 should be an interesting year. Hopefully California will have recreational MJ on the mid term ballots since we blew our chance to make history in 2008. With MJNA in CA and exposure in Colorado through Dixie this company could be worth a few billion over the next few years.