Reverse splits are generally not a good sign especially for a penny stock. I feel a better play in the "green revolution" is PHOT, Growlife Inc. They have practical products that benefit both the medical & recreational marijuana communities. I held MJNA for a while & sold for a modest gain, (wish I had dumped that one when it popped to .50). Not sure many of these companies will ever become a gold mine...especially the ones that sell strictly hemp based products. Such products have been available for years at natural food stores, (teas, snacks, soaps, lotions etc.).
Good luck in all your investments.
blitz...well written...I'm with you 100%.
To dabahr: I do believe the EU is on the rebound. Below is an exerpt from an article in the WSJ, Sept. 25, 2013.
The end of the recession, Barclays said, is a big deal, with wide ripple effects.
From a note Wednesday by Jim McCormick and colleagues at the U.K. bank:
“Despite the market’s persistent focus on Fed policy normalization, perhaps a more interesting story in recent months has been the outperformance of European markets. Since July, European stocks have outpaced U.S. markets by nearly 8%, led by long-battered European banks. Peripheral bond spreads – Portugal aside – are at or near levels last seen in early 2011, before the euro-zone crisis truly kicked off. Meanwhile, the euro continued to confound the nearly universal bearish expectations from consensus forecasters.”
If this all carries on, it’s not just Europe that could bask in the glow, the bank added.
Definition of 'American Stock Exchange - AMEX'
The third-largest stock exchange by trading volume in the United States. In 2008 it was acquired by the NYSE Euronext and became the NYSE Amex Equities in 2009. The AMEX is located in New York City and handles about 10% of all securities traded in the U.S.
Investopedia explains 'American Stock Exchange - AMEX'
The AMEX name was first changed to NYSE Alternext US, then became known as NYSE Amex Equities. It used to be a strong competitor to the New York Stock Exchange, but that role has since been filled by the Nasdaq. Today, almost all trading on the AMEX is in small-cap stocks, exchange-traded funds and derivatives.
gwocm03....aka bagholder at $1985...thus your persistent bashing. Did you ever realize that some investors have done very well here? I feel sorry for you, dude...you really need to move on and get a life.
Bought in at 39.69 and am holding fast. I agree with travelandive...wait until after the Christmas shopping season. Applied for their card & it was seamless...excellent customer service! The pps versus the other major credit cards, (V, MA, AXP), deserves much better.
Patience pays off. I'm so glad I didn't jump ship. My only regret is that I didn't double down around $5. Congrats & good luck to all.
My advice....take all your cash...get in your car...drive down the road at 70 mph...throw the cash out the window...= same results as investing in this so called company.
Sentiment: Strong Sell
Excellent points and well written, jkwelli...most especially your last sentence...I couldn't agree more. Thank you. I recall many business establishments while in Arizona that had signs posted at the doors, "No Firearms Allowed Inside"...and they weren't SBUX. They were gas stations, restaurants & retailers.