What I cannot understand is that investing in the stock market is a business. We buy and we sell, don't we? So when we buy anything, we look into the main details that are provided and available to buyers. In the stock market we also look into market perceptions, eg. earnings, earning reports, mandatory reports, such as annual reports so that investors can make educated judgments. What has MJNA provided us to invest? The problem with MJNA investors is that they are depending on various state legislations with the expectation that those legislation will indirectly boost its stock value, which thinking is Wrong, Wrong and Wrong!! The investors are totally ignoring MJNA fundamentals in order to make their investing decisions!
Haven’t been to this board for sometime since I sold my MJNA shares at $0.11+ having bought at 0.12+ about a couple months ago. For me, it was written on the wall at the time that MJNA will come down to about $0.3 eventually and, probably, to Zilch at this rate.
Looking at some of the posts where people are saying that they are ‘buying’ this stock on the dip, if they are genuine buyers and not pumpers hired by penny stock brokers or MJNA, I can only say these people must be suffering from the Stockholm syndrome. i.e. victims identifying themselves with victimizer. Otherwise, a basic knowledge of stock investing should reveal this is not to be touched with a bargepole. When I was positive about this stock, I called the investing relations guy who was unable to say anything except some bland facts about its ‘future’. Going by the fundamentals of this company, just like investing in any large publicly traded one, this borders on deception.