Newsletter
| Promoter: | StockRoach.com | Paying Party: | Stockchat LLC |
| Stocks covered: | Compensation: | Avg $ Volume for Period: |
| MJNA | $5000 | 51764 |
| Max Profit: 4.26 % | Gain at close: -3.62 % | |
| *We think that this promoter is a part of a group of promoters. | ||
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Good morning! Last week might not have been tough trading, since some of you scored some nice wins on my alerts. But it was plenty nerve-wracking out in the world, and as the name implies, Medical Marijuana Inc. (MJNA) is all about relaxation . I’ll update you on the cannabis frenzy on Wall Street down below. First, I want to show you two MJNA charts. This one shows MJNA’s ambitious side in a 400%-plus move from well below $0.10 a share all the way to $0.50 two months back.  As you can see, the market’s post-election pot craze was mighty good to MJNA and the traders who got in early. Of course, after a 4-bagger run like that, stocks tend to need a breathing period to calm down, fill in the gaps, build a base . That’s how MJNA idled away the last few months, but I think yesterday’s action is a golden opportunity for this stock to get back in the game! You see how the trend lines have been converging lately? Classic consolidation pattern of declining tops and rising bottoms. And then zoom in for yesterday’s candlestick, the smoking “gun.” Shorter than usual, a “mere” $0.0165 from end to end:  But who says the next leg points UP? Well, start macro. Legal marijuana is enough of a craze to make the Wall Street Journal, day after day. Travel agents are literally lining people up to go on pot tours of Denver, so this is not a flash in the pan. (Read more) Half the population now actually thinks we should just legalize the stuff across the country and let private enterprise go to work! And as for MJNA, a leading member of the “legitimate” cannabis industry, the innovation keeps feeding headlines and market buzz. They’re rolling out new kinds of hemp oil. They’re actually sponsoring mass-market movies. Revenue is doubling on a quarter-to-quarter basis, and do I actually need to say the net margins on that cash flow are insanely rich ? (Read more) They always said drugs were an incredibly lucrative business. So far, MJNA seems to be in that club. But whether you love the cannabis story or hate it, all I know today is the breakout potential I see on MJNA’s chart. My screen is buzzing. Is yours? See you on the boards!
This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. StockRoach.com is wholly owned by BlueWave Advisors LLC. BlueWave Advisors has been compensated five thousand dollars from StockChat LLC. (a non-controlling third party) for MJNA advertising and promotion. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision. BWA does not have a position in the covered company.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
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