Official Penny / MJ Stock Thread | TigerDroppings.com
Posted by
Message
blueboxer1119
LSU Fan
Baton Rouge
Member since May 2013
407 posts
Online

Official Penny / MJ Stock Thread

Let me first say that I'm not very experienced with the stock market. I prefer to stick to real estate. However, someone turned my attention to this stock early last week and it has taken off.

Holder's announcements late last week regarding the banking for this industry seem to be extremely positive as well.

Like I mentioned, I'm not a stock market pro, but it seems like a perfect time to invest in the Marijuana industry...

Does anyone else have faith that this industry will continue to grow?

This post was edited on 2/12 at 8:16 am



Jwodie
LSU Fan
New Orleans
Member since Sep 2009
5994 posts
Online

re: Official Penny / MJ Stock Thread
quote:

Does anyone else have faith that this industry will continue to grow?



Pun always intended?

quote:

but it seems like a perfect time to invest in the Marijuana industry...


It most certainly is. I plan to scatter some money across a few options in the near future...it's a fascinating speculative play. Might as well get in on the ground floor.


Replies (0)
Replies (0)
Vrai
LSU Fan
Baton Rouge
Member since Nov 2003
2228 posts

re: Official Penny / MJ Stock Thread
I bought MJNA on a whim when it was waaaaay too high. I'm about to break even with the recent rise.....


blueboxer1119
LSU Fan
Baton Rouge
Member since May 2013
407 posts
Online

re: Official Penny / MJ Stock Thread
It is up 23% today! Crazy. How high can it reasonably go?


Replies (0)
Replies (0)
ATLsuTiger
LSU Fan
Johns Creek
Member since Aug 2009
2526 posts

re: Official Penny / MJ Stock Thread
I was intrigued and jumped in around 0.17


LSUregit
LSU Fan
Member since Dec 2013
721 posts

re: Official Penny / MJ Stock Thread
I bought in at .23


LSUregit
LSU Fan
Member since Dec 2013
721 posts

re: Official Penny / MJ Stock Thread
sell stop limit at .20 lol. Today it is .37 and i plan to raise my stop limit to .30


Replies (0)
Replies (0)
RunningBlake
Georgia Fan
Member since Aug 2011
2223 posts

re: Official Penny / MJ Stock Thread
A new administration might have different views. That's a ways off though.


Replies (0)
Replies (0)
southernelite
LSU Fan
New Orleans
Member since Sep 2009
43231 posts

re: Official Penny / MJ Stock Thread
Seems like they are all doing better after Obama's interview released over the weekend.

I said I never would, but I made a few dollar play on one.

I got in right at the middle, I've been up and I've been down. Don't need the money at all so just riding the roller coaster.


GenesChin
Virginia Fan
The Promise Land
Member since Feb 2012
16578 posts

re: Official Penny / MJ Stock Thread
Are there any other good marijuana plays? I want to put in about 200$ and just let it ride. #Vegas


southernelite
LSU Fan
New Orleans
Member since Sep 2009
43231 posts

re: Official Penny / MJ Stock Thread
quote:

Are there any other good marijuana plays?


They're all a crap shoot.

I got into HEMP because it was the cheapest. It dipped after bump when WA/CO started selling, but seems to be back on rise.


GenesChin
Virginia Fan
The Promise Land
Member since Feb 2012
16578 posts

re: Official Penny / MJ Stock Thread
If I had the balls and capital, I would start a bank that operated in WA and CO that would do business with the marijuana companies. Legal risk is there but you could make bank on the monopoly since nobody wants to deal with storing marijuana cash


Replies (0)
Replies (0)
lsualum01
LSU Fan
Member since Sep 2008
1121 posts

re: Official Penny / MJ Stock Thread
Fitx, eaph and phot are ones i prefer to mjna. Aegy is also interesting. Been holding fitx and expecting that it may get a nice boost today as it is supposed to be on cnbc today. But, they are all high risk so do your own dd.


Jwodie
LSU Fan
New Orleans
Member since Sep 2009
5994 posts
Online

re: Official Penny / MJ Stock Thread
quote:

phot


One of the key ones I'm eying currently. Major expansions in the near future and respectable recent BOD hires make this one on the up and up...


The Egg
LSU Fan
Houston, TX
Member since Dec 2004
59674 posts

re: Official Penny / MJ Stock Thread
i'm in a few right now that are going bat shite crazy.

got into RIGH at 3's, and it hit 9 just now.

CWIR is on an upswing again after a pullback

ERBB is gonna go buckwild crazy once they PR that more machines are ready to be placed in dispensaries.

Pot plays are the fricking shite right now.


TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
17677 posts

re: Official Penny / MJ Stock Thread
Hasn't filed since June.
Would be massively unprofitable, if not for "unusual income".
830k in rev with 1.2M in expenses.
Virtually zero capex.
Inventory down ~90% from Q1 2013 to Q2 2013.
~80% of assets are "short term investments". Which were non existent the previous report.

Seems like a real company to me.


The Egg
LSU Fan
Houston, TX
Member since Dec 2004
59674 posts

re: Official Penny / MJ Stock Thread
nobody ever said these were long plays


tigerbean25
LSU Fan
Dallas
Member since Jan 2014
18 posts

re: Official Penny / MJ Stock Thread
Its interesting how MJNA keeps climbing and has not swung south with the rest of the market during the last couple of trading days. I wonder how much higher MJNA might be up if the market had done the opposite.


blueboxer1119
LSU Fan
Baton Rouge
Member since May 2013
407 posts
Online

re: Official Penny / MJ Stock Thread
The last week has been crazy.

Any predictions for the close on Friday?


Replies (0)
Replies (0)
southernelite
LSU Fan
New Orleans
Member since Sep 2009
43231 posts

re: Official Penny / MJ Stock Thread
I dont see any market correlation with pot stocks.


Jump to page
Page 1 2 3 4 5 ... 310
Jump to page
Page 1 of 310

Back to top

Follow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram