Replies to post #176552 on Medical Marijuana Inc (MJNA)

[boston79]

Dilution most likely

[Art Vandeley]

Profit taking. In ran up 80% in a few days, people sold.

[DropLine]

Healthy consolidation after a 70+% pop over the past few sessions... Nothing goes up in a straight line!

[Condor65]

Wolfpack.

[Alan Brochstein]

The reason MJNA tanked today is that it is part of a group that ran up yesterday - stinky pinky stocks in the sector. Also, there was a Seeking Alpha article, by Rolling O Research, "Medical Marijuana Inc's Stock Price Benefits From A $60M Mistake In A Yahoo Blog"

[Det_Robert_Thorne]

The news began to spread that $60M was bogus

My latest Seeking Alpha article, which increased the knowledge that the $60M "revenue" number from the Yahoo blog post and video had been corrected to mean the entire market, hit that site at 7:03AM EDT.

As more people began to understand that the excitement about MJNA was driven by incorrect data, they sold.