S/A didn't bash with this article.#$%$, Inc. Is Bad For Speculators, Great For Investors..Apr 16 2013, 17:38
So, you want a way to capitalize on the eventual legalization of marijuana without being a producer or distributor? The best solution to your problem is investing in #$%$, Inc. (MJNA.PK). So, you want to double your money in a day? Go to Las Vegas and put it all on black.
The recent fluctuations in stock prices in the marijuana sector as a whole are obviously attributable to speculators and day traders jumping on and off ship and then on and off again. Recently an article was released by Globe Newswire that commented on MJNA's record setting first quarter 2013 earnings. This record first quarter earnings was preceded by MJNA's fourth quarter 2012 record earnings. Obviously this is a growing company even in an environment where its major sources of revenue are currently restricted due to the legal environment of the United States. After the release of these different earnings reports, the stock price responded correctly by increasing which represented an increase in the perceived fundamental value of the stock. Soon after each of these reports were released, articles (article 1 and article 2) were written attacking the company for either having unaudited and false financials (which they were audited and were found to be accurate) and that the management of the company is somehow not up to par (management obviously is if audited financial growth is any indicator). The stock price dropped after these articles were written as speculators feared other speculator's fears and began selling. As a side note, I do not blame authors of articles for stock price fluctuations. They are merely expressing their opinions even though sometimes these opinions are unfounded.
I have traded (speculated) on about every predictable swing. I have my cost of share down below half my original entree .....I now trade 25% of my MJNA holding down from trading 100% then 50% .....I would have way out performed a buy and hold at my same entree......lots of ways to play this.
plus they explained that anyone who bought this stock 3 years ago is not down that much today.. long term is the way to go.. if you invested $1000 back in early 2010, today you would easily have over $800