Looking into the "MMJ" stocks

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Thread: Looking into the "MMJ" stocks

          
   
  1. #1
    Club Cheetah is offline Member
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    Default Looking into the "MMJ" stocks

    Hey guys,

    I'm certainly not an avid stock market investor by any means and have about 5-10 trades under my belt. Usually real low stuff as I'm not very educated in it.

    Anyways I was talking to a friend of mine yesterday about some of the MMJ stocks. Three in particular. MJNA, CBIC, and PHOT. He ended up buying a few thousand shares of one when it was real low and it has done nothing but shot up since. Any thoughts on a more long term investment with these stocks? They are all very low right now and I just made a small investment myself on one. As a Colorado resident I see how these could have the potential first hand but from a more "educated" perspective I'm not sure what the thoughts are on the subject. Seems like the online reviews I've read go in both directions.

    As a side note I'm very interested in the Bulls on Wall Street boot camp but with three little ones at home the time and money are scarce right now. Any first hand experience with that would be nice to hear.


    Mike

  2. #2
    KingNikan is offline Senior Member
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    They can have a great upside, but also carry a large risk of being trash. Don't forget, their industry is still illegal on the federal level.

  3. #3
    Arthur is offline Banned
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    All that stuff is the same, pumping and dumping, rinse and repeat. If you're an investor, buy large cap and ride waves of bull markets and go cash during bears

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  5. #4
    Monolith is offline Member
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    Quote Originally Posted by Arthur View Post
    All that stuff is the same, pumping and dumping, rinse and repeat. If you're an investor, buy large cap and ride waves of bull markets and go cash during bears
    Came in to say this.

  6. #5
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    FerrariFan is offline Senior Member
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    You think MJNA & PHOT have potential to break let's say $.50?

  7. #6
    Arthur is offline Banned
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    Quote Originally Posted by FerrariFan View Post
    You think MJNA & PHOT have potential to break let's say $.50?
    They have the potential of doing $5.00 for all I know. They're pump and dumps, that's what they do, they go ridiculous amounts like 300-1000% and then crash miserably back down to where they're supposed to be at. You never really know where to be long or short, that's why smart money doesn't play pump and dumps. All you got in there are get rich quick people who trade on emotions. Don't let people like that take your money.

  8. #7
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    Low Key is offline Member
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    I have been doing quite a bit of research and buying of these stocks (particularly MJNA, PHOT, and MWIP). MJNA has done well, I have seen a 119% gain on it. Can anyone enlighten me on what a DTC Chill is and why a few of these stocks are on this and have been "chilled" for the last month? Would love to be buying more, but... it appears I can't.
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  9. #8
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    eliminat0r85 is offline Senior Member
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    people are pumping and dumping Medical Marijuana stocks? cut throat world

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