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nopancakemix

03/05/14 10:01 PM

#163195 RE: m0town12 #163194

I've Been Around
Work has consumed much of my time which takes me away from investing. During the limited free time I have been a little more active in my final MJ play. MJNA has been great to me but I am fully vested, taking my final profits above .40 a few weeks ago. Currently MJNA is my number two largest MJ holding behind ER8B. For a long time MJNA was number 1 but I bought a pretty absurd amount of ER8B last November and the .025 gain since has minted me a small fortune of realized profits as well as a nice core position which I added to this week using the aforementioned profits.

As for buying MJNA, I'd advise taking nibbles but not using margin at these higher levels. If the other stock mentioned above plays out as I have targeted, once i take more profits there, I would use the funds to add 25% to my MJNA holdings. Right now those are the only 2 MJ stocks I am buying or looking to buy.

I think MJNA is drastically undervalued. MJNA's approximate 4.5m shares of CANV are worth MJNA's entire market cap. Obviously those holdings are not the most liquid assets but the numbers are there. Cibaderm, HempMeds and all the other ventures seem to be growing nicely. If MJNA can unlock the Dixie mess the stock could easily be worth $1 over the next few months