{"id":4405,"date":"2014-04-16T14:15:02","date_gmt":"2014-04-16T14:15:02","guid":{"rendered":"\/?p=4405"},"modified":"2014-04-16T14:15:11","modified_gmt":"2014-04-16T14:15:11","slug":"medical-marijuana-inc-otcmktsmjna-continues-to-slide","status":"publish","type":"post","link":"\/articles\/medical-marijuana-inc-otcmktsmjna-continues-to-slide\/","title":{"rendered":"Medical Marijuana, Inc. (OTCMKTS:MJNA) Continues To Slide"},"content":{"rendered":"

\"866MJNA_chart.png\"The last two months were hard for the stock of Medical Marijuana, Inc. (OTCMKTS:MJNA<\/a>), as it started to slide, just like many other, when the hype surrounding the industry became uncapable of carrying the tickers further up the charts. <\/p>\n

This month, however, things worsened and the downward percentile movements that MJNA<\/a> makes started to go up into the double digits. The reason for the current situation in the sector is apparently the halt of Growlife, Inc. (OTCBB:PHOT<\/a>)’s stock, which was thought to be one of the most stable in the medical cannabis sector.<\/p>\n

\"2363LOGO.png\"\"77GRNH_chart.png\"It seems that this came as a little bit of a shock to people who thought that these tickers were headed sky-high and surely there are a lot of investors that began selling lower and lower, just so they can get out with some kind of a profit or a minute loss.<\/p>\n

Unfortunately, this option is currently unavailable for PHOT<\/a> shareholders, but it seems like the bubble has popped and stocks like Cannabis Science, Inc. (OTCMKTS:CBIS<\/a>) GreenGro Technologies, Inc. (OTCMKTS:GRNH<\/a>) Terra Tech Corp. (OTCMKTS:TRTC<\/a>) will be going down alongside MJNA<\/a> for a while.<\/p>\n

In the latest session MJNA<\/a> lost another 10% of its value, despite the fact that the company has managed to finish the past year at a profit.The rapid descent with which the trading day began made a lot of investors nervous and by the final bell the volume of traded stock was double the average and had managed to generate $4 million in trade value.<\/p>\n

The sector is clearly quite volatile after the recent events and it might be a good idea if you were to wait for things to settle down a bit, because the market caps of most companies are soaring and have absolutely no correlation to the book value.<\/p>\n","protected":false},"excerpt":{"rendered":"

The last two months were hard for the stock of Medical Marijuana, Inc. (OTCMKTS:MJNA), as it started to slide, just like many other, when the hype surrounding the industry became uncapable of carrying the...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[229,262,8,21,259],"class_list":["post-4405","post","type-post","status-publish","format-standard","hentry","category-news","tag-cbis","tag-grnh","tag-mjna","tag-phot","tag-trtc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4405"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4405\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}