MJNA closed below bottom Bollinger Wednesday but bounced back today. RSI is low so If it holds .20 (5SMA) it will make its way toward .225 and .26. If it doesn't hold .20 its done, as it would be below all of its moving averages and definitively be trending down.
For true "longs" all you should care about is it getting back to its 50SMA and holding it - currently .30 - if it can't do that, it's not going up long term. That's just how it is.
No position here, just offering advice.
I hope to GOD you sold your CANV shares by now, Terry. That BUY call at 130$ get sillier as each day goes by. Will drop another 50-75% market cap is still insanely high. Your husband is going to beat you senseless if you lose everything.
You guys are too funny. I've already BANKED 50k YTD, and thats MONEY not paper gains like what you guys watched evaproate from your accounts.
If this gets halted, your husbands may take the kids and leave you.
You two both deserve MJNA and CANV. LOL
Warned you about this. Hubris once again will prevent you from beating the market.
I didn't own PHOT when it was halted so I couldn't care less. It was a good stock, and probably will still be once all the bloodshed from the halt has ended. Never did I say it was the best. I made it very clear that the way to retirement was/is through SPLI and MINE. There are other good ones, but none that really approach those too. Unfortunate that the halt happened, but thats why everyone needs to do their own DD and make informed choices. In the end its all about ROI - and PHOT at 500M market cap had many of the same issues that the bloated pig (MJNA) has. Much better company, but still too large of a market cap.
As always, remember to profit take when you're ahead. Markets can be fickle and this sector is no exception.
LONG: SPLI MINE FRTD MYEC STEV ERBB TRTC
Hope you took my thinly veiled advice the other day. Told you eyes were on CANV. I suspect MJNA can't be too far behind. Do not get caught in a potential halt.
Sentiment: Strong Sell
Most active? Do you think about what write before you type it?
Maybe it used to be, certainly isnt anymore. Mostly just spam and trolls now. I post here to make sure that you and your band of misinformed pumpers don't rope anybody else into this one. Anyone with a brain knows that there are MJ companies with great management, great products, and that are still at a great value. This ain't one of them. Shady management with past legal troubles, legal issues with their best holding (dixie), and as always, a bloated MC/terrible share structure. This will go up on hype when there is news. Has no substance though.
SPLI MINE ERBB TRTC STEV MYEC UTRM TTDZ - invest in ANY of those and you'll have returns that dwarf MJNA's returns. Fact.
OH - and BTW, I have some information that involves MJNA and CANV, think I'll keep it to myself though. Not saying it will be the next one halted, but there are eyes on it. Personally I think HEMP should be halted before any others, but who knows. Good luck.
Sentiment: Strong Sell
From what I can determine - It looks like the CEO's wife was trying to sell a crazy amount of stock. Also uses a few names, none of which end in the CEOs last name. Very sketchy. Technically it was due to a clerical issue regarding misfiling of certain forms. Still seems shady.
Sold at .55 and put into TRTC (similar companies/financials w/ 1/4 the market cap and much friendlier share structure) - was kicking myself when PHOT worked back into mid .60s but obviously glad I sold now.
Industry is like a big game of frogger - can't get hit by a bus. CANN halt got people worried, but PHOT halt is an even bigger deal. Alot of people were squirling away gains in "riskier" stocks by putting profits in PHOT.
I do think that when it starts trading again (4/25) it will present a very quick 50-100% trade opportunity much like CANN did. However I would leave it at that, and not hold it long and rather lock in the quick gains.
We've been through this already - I work where you keep your money. At least most of you.
It removed my greater than signs --
Elite MJ better than MJNA which is better than CASH which is better than General Market - at least for next few months.
I won't say that MJNA stock doesn't have potential, because it does. My only point is that in this sector, and any sector really - you're looking for the BEST ROI. If MJNA gives 50% while general market is flat but MJ index is up 100% what do you make of it? Certainly a better investment than anything normal, but falls short of elite MJ stocks. One thing I will say for MJNA is that its the best at limiting voltility, so if that is important to someone, MJNA gets a (+) in that category.
It boils down to separating the company and the stock. If the stock was being valued alongside many of these others, it may be a different story. But its market cap is already much higher, and its share structure is not shareholder friendly, which limits its upside.
I love ERBB, but when anyone says its going to 1$ I have to remind them that it has 3B shares - making that unlikely.
What I WOULD NOT reccomend is selling MJNA at these levels UNLESS you plan to reinvest in another. ELITE MJ Stocks MJNA CASH General Market - especially for the next few months. Just my two cents, buying and selling is a solely personal decision.
I understand you're upset for being on the wrong side of this bet, but when you post stuff like this it just highlights how childish and out of your element you are. BKK - you have led alot of people to significant losses and I'm shocked you aren't more apologetic for pumping this POS when it was in the .30s and .40s. All I did was save a few people money who realized this is NOT the MJ stock to bet the farm on.
Truly pathetic -- as I've told you all countless times, MJNA is a good investment RELATIVE to the GENERAL MARKET. However relative to MJ MARKET, it is a POS. When I say its a fine investment, it means that it is not in the same class as HEMP which will assuredly LOSE you money. Entering MJNA here won't lose you money, but it also will leave a crazy amount of possible return on the table that legitimate MJ companies will give.
Can review my posts. Thats always been the point. Go back to school if your reading comprehension skills are not good enough to see that.
Ehh - like I said from day one, this will get into that .18-.20 range, probably not much lower than that. Doesnt matter anyway, even .18 to .35 is a relatively poor return compared to what you'll get in legitimate MJ stocks. People here refuse to listen so the point is moot anyway. Enjoy this POS
Go cry about it...
I warned you all a million times. As rest of sector recovers and exceeds previous highs MJNA will remain range bound. So yes, this will see .30-.35 again at some point. If that is the type of return you want, feel free to stay invested here. You will get several hundred % in any legit name though. This has been, is now, and will remain - a bloated pig.
Really hope no one actually listens to this clown. He goes on the best few board and bashes them out of spite because he is literally the only person who couldn't make a killing off this industry. He owns MJNA (lol) and probably CANV, down 80% in a month. He's lost his money and doesn't want others making bank. He did same thing on SPLI board.
This is coming from someone who called SPLI at .05 ERBB at sub.03 and MINE under a penny
As I told you all many times over the last month, MJNA is one of the worst, most stagnant investments in the industry. Notice how none of the old pumpers post here anymore? Dead money. Should have taken my SPLI call at .05 MINE at .01 ERBB at .03.
Anyone ready to made money can follow me. Only rule is I no longer advise anyone who owns this POS
BTW - how's that CANV buy call @ 130$ doing Terry? Pathetic