Solid bullish reversal off the mid-Jan lows, great SMA support with even the 200 lifting now. Looks like a solid base. Thank you for putting this on my radar. I need to learn the fundamentals of this stock but a pull back low/mid 7s will put it on the priority list if I don't dive into some details sooner. Currency volatility might just give us that dip, or some more data on a slowing China (regarding aluminum prices) short-term.
OTCmarkets clearly indicates MJNA has no MM. If you must have it so, then your MMs are CannaBANK and Share-doctor Titus. They are the ones orchestrating the daily sales of millions of shares. Like you said, longs aren't selling (except when I unloaded at $0.0451 with a 47% loss over 18 months).
Are you a criminal? Maybe not by legal definition, but have you forgotten the face of your father?
I am wrong about Trump here. Longer term we have a bullish USD. Short term could be quite the volatility ride. He will say something, you know it is coming, about the Fed. He is saving it. And the more likely it looks he will be president the more serious every investor in the world has to ponder this.
I found these Chinese ginger rock candies from a company called GT. They are amazing and way better than gum. Their quasi-translated slogan on the back got me to buy, and now I always have a bag laying around somewhere-
"If vegetarians eat vegetables, what do humanitarians eat? Can people be beautiful on the outside, but ugly on the inside? We don't know, we never cut one open. What we do know is that candy can taste good and be good for you."
The only thing that changed so far is the dollar did weaken and oil has rallied. Oil has also rallied from various production and demand speculation for various reasons. I still believe we can have a weakening dollar and cheaper oil at the same time. Do a 5yr with GLD and USO. You see from October 2014. Gold will continue to strengthen in purchasing power.
Barely broke above normal trading volume on today's pump.
You know what would work-
"MJNA announces contract to stock RSHO-Blue on shelves at Walgreen's nationally"
-but the problem is you will never, ever, ever, see a press release like that.
Cool we all remember those record $13M sales in 2014. We also remember how part of that was a big PO from Titus' Kannaway, which MJNA later acquired and still has over $1M of the same inventory it bought from MJNA. Nothing but funny money over at MJNA.
Yes I hate that my shares I didn't really have to pay for are up 57% off the true cost basis in my depunking!
When I lost in the first round here, that's what I came here with. That once Shanghai opened to foreigners they would be selling dollars and trading gold through Shanghai for local appreciation with respect for the Yuan. I said it couldn't last, the imbalance. NIRP has done even more damage. Now this year we have India's gold exchange going operational and they will likely try the same thing China did. A few gold currencies gaining some momentum too.
See where we are going. Fixing gold in multiple currencies will guide central banks to make surprise announcements to get an advantage in the gold markets, which just makes gold more desirable than fiat. On and on. I don't think the trade s dead. I just don't know how to get back in other than sitting back at this stage.
(Chris Farley): Um, so.... um remember when BLK like took a 6% stake in AUY at sub $2? ... That was awesome.
Nice piece out today from Peter Schiff.
I love watching him get Harry Dent so angry. Dent is right, we have a demographics problem no doubt, but M2 has increased 50% just under Obama. meaning, there is 50% more US currency today than when he took office. Another 2007 event will not play out the same way again.
1000pc of FCX at $7.25 looks great now but was very scary for me as we took a $5-handle. How I wish I bought more!
We are in the same boat now. Now that we've participated in a sector rotation of sorts (really just sentiment change to reflect what we've been saying for quite some time) I am left kind of grasping at straws for the next move. If we are going to have a bubble pop then I think stocks like FB could be in for very serious weakness.
MS and GS together were holding 5M shares at the end of the year. Can't wait for Q1 positions to show up on Nasdaq. If I am right, even with the $2 stock downgrades where most of us bought more, I am pretty sure at least GS added, maybe MS too. I've seen it before.
Well, right now HDDC is *majority* shareholder, and also the senior holder of most of the convertible debt (toxic debt) issued by MJNA a long time ago.
Consider reviewing how MJNA acquired Kannaway and also observe the share ownership statistics from 2013 to present. HDDC sells shares and uses proceeds to stuff sales into the channel or pay off their buddies. Once shares run too low, call i more convertibles.
Below is my summary of transactions, you probably won't see me post as much unless I get into any more options trading here. It's been a blast, and I am happy to be a true long now riding out this storm.
June 2015 Buy: 24pc Oct $4 call $0.08
June 2015 Buy: 301pc Oct $4 call $0.09
July 2015 Buy: 275pc Oct $4 call $0.04
October 2015 expire worthless: 600pc Oct $4 call - Net loss $4,001.00
November 2015 Buy: 300pc April $3 call $0.0998
April 2016 Sell: 275pc April $3 call $0.58
April 2016 Exercise: 25 $3 calls to own 2500 shares @ $3.00
Losses of $4,001.00
Gains of $13,205.50
Funds used for share calling: $7,500.00
1- Recovered principal $2,994.00
2- Recovered $4,001.00 loss
3- Own 2,500 shares @ $3.00 trading up +37% at present
4- Remainder $1,704.50 profit
So I like to look at this as I made up for my early call error, pulled a 57% return and own 2500 shares at no real cost to me.
Now..... where to look from here?
OG did you ever take on that street sweeping business? We an probably flip it to Llamas and get on the MJNA board as the next round table CEO of MJNA.