I reported what I thought was criminal activity to drive down this price to the SEC. I'm tired of the false rumors and the like being tossed around to drive down this stock. I hate paid pumpers, and I believe two of the other MJ industry stocks are paying shares for PR in what could be a pump and dump scheme on the others. There was no reason I can see why MJNA would be negatively attacked on the boards, the people attacking it saying it will drop quickly in price, you have been warned, and then watching it happen, and then watching them I think take position and be happy about it. I think most of us are. If this stock is being manipulated then I think we need to step up and report the people responsible.
For God's sake, I hope you have less than $1000 in your account. ANY play on legalized marijuana at this point is still highly speculative at best. The action in the last few sessions is likely do to a combo of the news coming out of a large conference in Las Vegas, high frequency trading and pump and dumpers. I bought a small position in PHOT this week and already have my eye on the exit. I would suggest you limit your exposure if you are given the change cause there is a good chance that any of these stocks could go to zero at any time.
Stock is highly speculative. By investing a large percentage of your account you are essentially gambling. No more than 10% of your assets should be in this kind of stock. I hope you will be rewarded but next time you empty your Ameritrade account, buy an S&P index fund.
Sentiment: Strong Buy