Official Penny / MJ Stock Thread | TigerDroppings.com

Posted byMessage
blueboxer1119
LSU Fan
Baton Rouge
Member since May 2013
222 posts

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



Back to top
Share:
Jwodie
LSU Fan
New Orleans
Member since Sep 2009
5654 posts

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.






Back to top
  Replies (0)
Vrai
LSU Fan
Baton Rouge
Member since Nov 2003
2125 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.....





Back to top
blueboxer1119
LSU Fan
Baton Rouge
Member since May 2013
222 posts

re: Official Penny / MJ Stock Thread


It is up 23% today! Crazy. How high can it reasonably go?





Back to top
  Replies (0)
ATLsuTiger
LSU Fan
Johns Creek
Member since Aug 2009
1537 posts

re: Official Penny / MJ Stock Thread


I was intrigued and jumped in around 0.17





Back to top
LSUregit
LSU Fan
Member since Dec 2013
640 posts

re: Official Penny / MJ Stock Thread


I bought in at .23





Back to top
LSUregit
LSU Fan
Member since Dec 2013
640 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





Back to top
  Replies (0)
RunningBlake
USA Fan
Member since Aug 2011
1926 posts

re: Official Penny / MJ Stock Thread


A new administration might have different views. That's a ways off though.





Back to top
  Replies (0)
southernelite
Iowa State Fan
New Orleans
Member since Sep 2009
40827 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.






Back to top
GenesChin
Ole Miss Fan
The Promise Land
Member since Feb 2012
10840 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





Back to top
southernelite
Iowa State Fan
New Orleans
Member since Sep 2009
40827 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.






Back to top
GenesChin
Ole Miss Fan
The Promise Land
Member since Feb 2012
10840 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





Back to top
  Replies (0)
lsualum01
LSU Fan
Member since Sep 2008
913 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.





Back to top
Jwodie
LSU Fan
New Orleans
Member since Sep 2009
5654 posts

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...






Back to top
The Egg
LSU Fan
Houston, TX
Member since Dec 2004
57966 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.






Back to top
TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16855 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.






Back to top
The Egg
LSU Fan
Houston, TX
Member since Dec 2004
57966 posts

re: Official Penny / MJ Stock Thread


nobody ever said these were long plays





Back to top
tigerbean25
LSU Fan
Dallas
Member since Jan 2014
12 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.





Back to top
blueboxer1119
LSU Fan
Baton Rouge
Member since May 2013
222 posts

re: Official Penny / MJ Stock Thread


The last week has been crazy.

Any predictions for the close on Friday?






Back to top
  Replies (0)
southernelite
Iowa State Fan
New Orleans
Member since Sep 2009
40827 posts

re: Official Penny / MJ Stock Thread


I dont see any market correlation with pot stocks.





Back to top


Back to top