Medical Marijuana Inc (MJNA)

[nopancakemix]

Cliff Dive? More Like Stepping of Parking Curb
I've noticed percentage drops really don't matter with penny stocks. This realm is filled with weak hands, flippers and rule #1 here is buy the dips sell the rips so any multi-week high will be met with selling.

As far as I'm concerned shorts don't mean much either. Big board shorts are different because those players not only use equity positions to manipulate, they have access to derivatives for shaving points as well, not to mention multi-$10m positions to protect not the $10k gambles that play the short side of pennies. I've made some serious bank shorting some stocks around 2000 and saved my portfolio in 2009 with one single put option play on @APL but the one time I bothered to short a penny, MJNA actually, even though I made a decent profit, the process of contacting my two brokers to arrange the position hardly made it worth the effort.

http://stockcharts.com/h-sc/ui?s=MJNA&p=D&yr=0&mn=4&dy=0&id=p56996975810

That chart looks pretty solid to me. I see a perfectly executed golden cross followed by the pps increase many of us foresaw, and foretold here on iHub.

Since mid February MJNA has consolidated nicely in the .30-.35 range. MJNA has established themselves as a real business in this rapidly growing sector. The company is building an empire encompassing many divisions within the industry. While I bought my latest chunk several months ago at .16 and originally got in moons ago for just over 2 pennies, I have no plans on adding just yet but will reconsider if I generate short term profits elsewhere.

I don't know if I am more pleased with MJNA pps or how legitimate the company is operating. The profits will come and we'll get a peak at progress being made soon enough when the ER is released but there will undoubtedly be growth and that's what I like to see as an investor. That being said, the company needs a f@*king CEO. That would be a lovely surprise coupled with the ER.

Long MJNA