Sean Nolan's  Instablog

Sean Nolan
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As a Business/ Econ major and over 10 years investing I am a veteran when it comes to the stock market. I enjoy risk taking, but make sure I can justify the risk with return. Growth stocks are where I make the most money, and try to find stocks before they peak.
  • Marijuana; The Final Frontier  4 comments
    Feb 7, 2013 6:15 PM

    The last untapped resource in the world is Marijuana. Why, How, Who, What? Yes, Marijuana. It is not growing, it is already grown. Currently 95% of marijuana is sold illegally. This billion dollar industry is run by drug cartels, and their power is diminishing by the day, as more marijuana is supplied legally.

    This is undoubtedly the next gold rush. Jump in and drown in the CASH!!!

    Disclosure: I am long OTCPK:MJNA.

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Comments (4)
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  • ageofconan
    , contributor
    Comments (118) | Send Message
     
    Sean - In you opinion, at what price is it probably too late for getting in long? I'm considering going in but at it's current price I'm uncertain if I should wait any longer. For all I know it is at it's new low between .4 and .5
    13 Feb 2013, 06:26 PM Reply Like
  • Sean Nolan
    , contributor
    Comments (49) | Send Message
     
    Author’s reply » It is hard to say. I believe the stock isn't going to go much below .30 ever agin. Buying right now is not a terrible move( around .40) but this market is unpredictable. All the hype is what is propelling this large increase so it is possible that this stock could go down if the hype dies off. But on the contrary if MJNA announced some big news the stock could skyrocket to above $1.00. If you buy now, in the short run you very well could lose money. I would say you should look at it like this; you could buy now, possibly lose a little money but in the long run make money, or wait to buy and possibly get in to late...
    13 Feb 2013, 07:15 PM Reply Like
  • ageofconan
    , contributor
    Comments (118) | Send Message
     
    The Infitialis article sure provided an opportunity. Too bad I didn't have the funds freed up to jump in at that price. I'm in at .49 and kicking myself. My gut says I need to sit on it and wait for the long. My other gut says to sell it at .50 if possible and wait for the next article that poos on mjna. In either case my life is much more interesting whether I'm winning or losing $$$.
    I've gone in on RIGH with $300 and got 1.5m shares. I did something similar with RFMK a week ago and that paid well. I sold half and made most of my investment back. I hear that RFMK has some promise. Thoughts? Cut me off at any time and I will understand but I am eaten up with this venture and liked what you wrote so will take advantage of any opportunity to sponge info from you.
    16 Feb 2013, 01:43 PM Reply Like
  • Sean Nolan
    , contributor
    Comments (49) | Send Message
     
    Author’s reply » I think RFMK is a good company, but it has yet to put out very strong financials, once it proves it can it will probably shoot up a lot.
    I also wrote another article on MJNA, it should be up tonight as soon as seeking alpha approves it.

     

    Thanks for the comments keep em coming
    16 Feb 2013, 06:52 PM Reply Like
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