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Wednesday, January 22, 2014 4:00:33 PM
Last year around this time MJNA started to ramp up. After buying in the .01 range, at this time last year I dumped about 20% of my MJNA position at .16 followed by another sale of similar volume above .40.
BUT this year is so much different. Notice in the days leading up to the Feb 2013 spike, the volume was active but nothing earth shattering. As the share price increased in early 2013, the volume picked up. Fast forward to today and notice the extremely active volumes of the past few weeks. Even at these higher levels over .20, the volume only increases and to some staggering amounts.
There is a massive amount of buying here.
Equity-wise, MJNA is really showing strength.
Company-wise, the HempMeds 500% increase (or 426%) is absolutely fantastic news. In a few short months, HempMeds is bringing in strong revenue and that is ONLY ONE portion of MJNA's subsidiary business!!!! The exposure HempMeds brings to MJNA's product portfolio is outstanding. This leads me to believe that large health oriented retailers like Whole Foods will take notice.
http://stockcharts.com/h-sc/ui?s=MJNA&p=D&yr=1&mn=1&dy=0&id=p87011288587
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