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Biotech / Medical : Medical Marijuana (MJNA) -- Ignore unavailable to you. Want to Upgrade?

To: deeno who wrote (15)

2/13/2013 3:59:49 PM

From: PaperPerson

Read Replies (1) | Respond to of 47

Deeno, i think you did well to get out in the mid-40s.

stockcharts.com

Personally i have moved on to other stocks with a stake in the emerging cannabis industry:

My current fave is XCHC (36 mm shs, 13-15 cents per share).

The stock is running on news it acquired a 25 percent stake in a jv with an indian tribe in Canada to produce cannabis and run medical clinics up there.

The chart shows it could be breaking out above its 200-day moving average, and that the on-balance-volume, which i watch as a sign of accumulation or distribution, looks very strong.

http://stockcharts.com/h-sc/ui?s=XCHC&p=D&b=1&g=4&id=p16889510394

This one is more of a micro-cap than a penny stock.

They have zero cash, so that is a big risk, but I think this latest announcement should have some investors writing checks.

reuters.com