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Medical Marijuana, Inc. Message Board

  • dayoldtrade dayoldtrade Aug 13, 2013 10:47 AM Flag

    A NEW TREND IS HERE...HOLD EM' IF YOU GOT EM' & BUY EM' IF YOU DON'T...

    This SELL-OFF is healthy & normal for any stock that has a 2 day run-up of 73% (Friday +39% & Monday +34%)...We have turned a very important corner here after all the positive news coming out of Washington; Eric Holder (Attorney General) addressing the house on Aug. 12, 2013 regarding the decriminalization of MJ & the Sanja Gupta news from CNN on Aug. 07, 2013.

    Yes its going to take congress time to pass any sort bill as they tend to move very slow on any matters at hand, this is what our government does best...It could take several times going through congress to pass any legislation to get MJ decriminalized at the federal level as many congressmen will feel reluctant to pass new laws after many , many years of backwards thinking. This is why the Sanja Gupta news is very important as he is well respected in the eyes of many politicians and has addressed congress on many occasions over the years and his Opinion is well respected.

    So here is where were at, as of Friday Aug 09, 2013 we have the start of a new trend in this sector going from BEARISH on (2.13.2013 to 8.08.2013) now turning the corner and starting a new trend BULLISH as of 9.09.2013. The Bullish trend starts with a significant rise in share price and a pull back after weak hands, day-traders and swing traders take profits, nothing unusual here. We are retracing back to a new level of support and once that new support level is found it should be a nice slow rise in share price, something like the Bearish trend we have seen over the last 5 months but reversed. New levels of support will and resistance will be tested , but with more up days than down. This is how a healthy stock grows and MJNA is a healthy stock with a bright future IMO.

    After today's sell-off I expect the true bullish trend will remain for many, many months to come and we will see a significant rise in share price as more positive news and earnings come out. So hang strong Shareholders...

    GLTA LONGS

    DAYOLDTRADE

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Holding tight, good luck to all longs

      Sentiment: Strong Buy

    • I believe the tech era would be a great example!! The mid 1990's - till the first month of January 2000 was like nothing I have ever seen in my life!! The Buyout after buyout of small tech companies for Billions was like a addiction out of control....!! I remember stocks moving 60 plus points in one day and within 24 hours it move down 50 points and then it would run back up for a higher then before. Heck, even more tech stocks would just keep climbing and have a 10-1 forward split too release more affordable shares so they would get more investors.Then after the split it would keep climbing then repeat cycle.

      DotGreen could give us a repeat of the mid and late 1990's..!! Possibly exceed the gains as their are so many more traders/investors that handle their own funds then the past. This could really be a historic era like nothing we have ever seen before..!! MJNA is primed to dominate..!! My money is on the leader of the pack..!!

      Sentiment: Strong Buy

    • I have been in the stock market for many years and I found that there is only one secret ... the golden key which everybody is looking for, and that is "The Trend" .... nothing more .... nothing less. It is as simple as that.

      Sentiment: Strong Buy

    • Exactly. For anyone with a brain that's been the trend since .04

    • About Earnings: What some investors fail to understand about stocks like MJNA is it trades on future earnings, not current earning... Compare it to a pharmaceutical or Oil stock that has no earnings at all, but trades at $5-$10 dollars a share on FUTURE EARNING (no income). Investors or MM's will give a company a valuation base no future earning, because they look at market size for a drug or Oil production. That goes for all speculative stocks.. Oil stocks with no earnings and pharmaceutical stocks with no earnings can trade as high as $40 dollars a share.

      MJNA is a speculative stock and will continue to trade on future earnings... The fed is our (FDA) ONCE the fed decriminalize MJ this stock will then trade on earnings till that date earnings are useless...

      GLTA Longs

      DAYOLDTRADE

      Sentiment: Strong Buy

    • I couldn't agree more dayoldtrade!! What many don't understand is that MJNA and all it's companies, intellectual properties is what separates it from all of the rest of the MJ/Canna. Industry. It would only take the selling of (1) patent, joint venture or independently utilized for the PPS to sky rocket into the $5. Plus dollar range! Also when we finally see decriminalizing / Legalizing of MJ/Canna. from the Feds. MJNA is ready to jump into the THC portion of the market at a drop of a dime!

      MJNA has structured it's company almost around the whole Canna. market and has the network to dominate the THC side once we have the OK..!! Not many companies would or could structure themselves as MJNA did!!

      In summary if you want a stock that has surrounded itself around the majority of the Canna. market with leaving no chance of Federal Gov. issues ; then MJNA is it!! What a great business model they have designed for this future giant!!

      Everyone patience is the key!!

      Sentiment: Strong Buy

    • I agree with you. Eric Holder and Sanja Gupta knows what's really going on here.We are on the good way. People must know the through.

      Sentiment: Strong Buy

    • I ran out of allocated space as yahoo puts a limit on the number of charters allowed in any one thread. I will continue this thread later today as i find the time.

      I will also be adding to this thread as the days weeks go on...

      GLTA LONGS

      DAYOLDTRADE

      Sentiment: Strong Buy

 
MJNA
0.138+0.012(+9.52%)Sep 17 3:59 PMEDT

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