Replies to post #107577 on Medical Marijuana Inc (MJNA)

[Mygolfballs]

As long as these books are clean, I'm with ya. Whole nother ball game if some shady deals have been going down.

[BennySlots]

I think we hit bottom today. Here's a chart showing why:

Instead of the normal 200 MA at .14, we hit the exponential 200 MA at .17. Also based on the volume, it looks like yesterday was the climax of selling. Today's lower volume, shorter fall, and big bid support at .17 make it look good. Finally, note that the Stochastic line is down at ~12. It'd be nicer if it was already starting to curl up, but I suspect we'll grind against the 200 EMA a bit on Monday/Tuesday before we head back up.

That's my take on it anyway, and why I jumped in this today. GLTA!