Todor Pichurov

Medical Marijuana, Inc. (PINK:MJNA) Brought to Dizzying Heights

by Todor Pichurov February 5, 2013

Watch the video to learn about the probability of MEDICAL MARIJUANA, I (MJNA) Chart Signal as of Sep 01, 2014

This free program will calculate the probabilities of MEDICAL MARIJUANA, I (MJNA) stock chart

Rating: Platform: Win/Mac
Price: FREE Version: 1.1
Size: 656KB Downloads: 800,000+
FREE DOWNLOAD
06MJNA_chart.pngYesterday Medical Marijuana, Inc. (PINK:MJNA, MJNA message board) continued its mad streak and closed another 40% up, topping the most heavily traded OTC stocks chart. 54 million MJNA shares changed hands and brought the stock price to a close of $0.428 in the process.

The stock ran about 250% up in a matter of three trading sessions. A move this significant and this sharp is great news for stockholders but may also be a bit of a cautionary sign. The rapid increase of MJNA's price over such a short period of time does not necessarily signal a bubble that can pop at any point, as other cannabis stocks are also grappling up the charts fast and there seems to be an air of serious investor interest in the industry. The stir was probably aided by recent news that Kentucky is trying to enter the hemp business, with legislators and Kentucky's chamber of commerce supporting the motion for legal production.

Still, the very short time span of MJNA's climb may be followed by a pullback that may surprise new arrivals hoping for a climb that is sustained even further. There is obviously no way to know for sure what will happen within a few days and if there's something to watch out for with MJNA it's not so much based on technical analysis but on common sense.

Even considering MJNA's solid expected results for Q4, including upwards of $3.3 million in income and revenue exceeding $5 million, as well as their commendable plans for an extensive audit and possible uplisting, there have been no immediate major news releases to catalyze the surge. MJNA also remains a pink-sheet penny stock, even if it's one that generally shows better performance compared to its industry peers, and penny stocks are volatile - a concept implying movement in both directions.

86HEMP_chart.pngOther pot stocks are also seeing heavy trading action, with Cannabis Science, Inc. (PINK:CBIS) and Hemp, Inc. (PINK:HEMP) trailing MJNA, respectively closing 34% and 80% up yesterday. Despite the movement, both stocks remained under $.10 per share and a far cry from the overnight mastodon MJNA has become with its current market cap of over $315 million.

More cautious traders will probably wait for things to simmer down a little before they make a move, while the bolder may want to take a stab right now, hoping for a prolonged run. New arrivals and MJNA longs alike will be hoping the stock's climb didn't put it in a position where it will go into a swoon.

Watch the video to learn about the probability of MEDICAL MARIJUANA, I (MJNA) Chart Signal as of Sep 01, 2014

Hotstocked Precision will calculate the probabilities of MEDICAL MARIJUANA, I (MJNA)

Rating:
Size: 656KB
Version: 1.1
Platform: Win/Mac
Downloads: 800,000+
FREE DOWNLOAD

Comments 7

1. Guest
February 08, 2013, 12:49AM

Quotes I don't see how this stock or the idea of growth does not happen. There will be a day we look back and say

Boy I'm happy I got on board!

2. Guest
February 06, 2013, 02:43AM

Quotes 13,000 shares at .06. Last couple of days were explosive!! Had some concern with it though. Short term spectators, got to live with it....

3. Guest
February 05, 2013, 08:59PM

Quotes I'm in for 10,000 shares & the long haul as well...Its going to be a "Green Rush" in due time I predict...The 1st new product(s)of this magnitude America has had for a long time compared to alcohol,& the i-phone!...Once upon a time, Budweiser & following companies was in this same situation, look at their growth &stock prices today!.."A diamond in the rough" state by state!

4. Guest
February 05, 2013, 08:05PM

Quotes I am new to penny stocks, but bought 300 shares as a way to test the waters at .10 cents a share. My 30 bucks netted me a decent profit (though nothing compared to those who buy in the thousands) and I sold yesterday. I am glad since today it tanked a bit and I sold it on the rise in price. I am set up to buy more again at a lower price, if it reaches that level. Then, I hope to sell again. Not sure if I am doing things right, but I have to start somewhere.

5. Guest
February 05, 2013, 06:00PM

Quotes 100,000 shares, also in @ .04 and will be holding. This is one pot ticker that's going places.... It will emerge the industry leader with plenty of upside as more states open their tax coffers to this huge revenue.

6. Guest
February 05, 2013, 12:48PM

Quotes sell, sell, sell. marijuana stocks collapse like a dying star

7. Guest
February 05, 2013, 09:20AM

Quotes In at 10,000 shares at 4 cents, treated it as a stock with massive potential with even more monumental risk. Im in it for the long haul. that being said, I agree with the article. Growth this fast would be a strong sign to err on the side of caution with MJNA. CBIS and HEMP on the other hand still have some room for profit, but MJNA is at a level that almost seems inflated by speculation rather than actual company worth.

Type the characters that you see in the box (5 characters).