Replies to post #107579 on Medical Marijuana Inc (MJNA)

[PennyStock Alert]

I have to agree with you. Today is the first day in the past week that I didn't buy any shares. I was hoping, until the end of trading, that PPS would drop to .16's and it didn't. I've got my order in at .162 and hope that it touches that early in the day on Monday, otherwise, I think I'll be chasing it.

[JohnCM]

"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!

Great minds think alike ...