Alan Brochstein, CFA
Contrarian, growth at reasonable price, management change, cannabis stocks

Medical Marijuana Inc.: The Party Is Over For Now

Medical Marijuana, Inc. (OTCPK:MJNA) reported Q2 results and released its OTC disclosure right as the market opened. The stock had gapped up following a huge two-day run (and a promotion by "Money Runners" late in the day on 8/12) but has now reversed, falling below the former key resistance level of $0.20 and declining more than 25% from the prior close. I had recently mentioned some very favorable near-term news, but had warned those considering investment to wait for Q2 results. The report had mostly bad news, but nothing detrimental. I continue to suggest that a better entry should be available in the future.

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This is the very high volume price action over the...

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