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What's his association here?
You're getting closer.
al19, you are correct, this nothing but a forward move for NSAV (what were they doing before?) the activity here the last few days speaks to that. I'm highly optimistic.
CHIF is a shell - no product, no business, no revenue, less than 100k shares traded in three months. Tilton took it perhaps because of its location - California. CHIF is a vehicle to move NASV forward - an MJ base in PA, (Naomi resort)100 miles from NYC metro area and another MJ base in California (CHIF and and it's connections in CA) whatever that may be. News, any news, will attract investors from east and west. Let's see how they work it.
Interesting. Many of my little guys are moving up - check out TXH€. The common thread seems to be new ownership/management. Could it be a sense of looseness in the economy, less regs, less uncertainty, new money coming out of hibernation?
Moving right along with MMEX.
MJ medical retreat in the Poconos? Hey, why not? This could very well be a game changer, after .05s it's straight north!
CHIF IS/was a shell - no business, no revenue. Tilton of NSAV acquired it, used it to purchase 30 building (cabin) resort in PA Pocono mountains with goal of establishing MJ medical retreat. Thus the run-up at NSAV, which will eventually become CHIF and booming activity there will settle. It's more complicated but essentially that's what's happening. Of course this is just my opinion. Seen this go down before.
.04 or .05 Monday, after .05 we could go well past .001. That kind of momentum here, too many quick changes and turn arounds...get the buys in early, it will be busy, very busy, Monday.
Amen
$87K plus. What am I doing wrong? This one seems to have a reliable turnover of investors, fresh faces, new money. It's a new and curious industry moving through uncharted territory, many uncertainties; legal, financial, ethical and just the plain newness of it. Lot of dust left to settle. Eventually this may fizzle and disappear, in fact it probably will, but until I sense that happening, I will continue to "go to the well". I bought a new Lexus with what I made here three years ago, but I've lost my fondness for the car - I'm currently pricing Range Rovers. GLTA
I don't think so. PHOT is fast becoming one of my all time favorites, it just keeps on giving.
Hey Lone Wolf, I think you've got it by jove.
TXHE and TNEN share the same mailbox in Spring, TX, both recently switched head man to this guy Bendendo, both are low level pennies. However, one with an ask of .009 sold 4 shares today, the other with an ask of .0003 sold half a billion. Somethings going on. My guess; the two were packaged and sold, to Bendendo or somebody, with the intent to switch gears into another industry, fashion or whatever. It's penny land, nothing surprises anymore. This is interesting. I once had a garbage hauling company that overnight became a Yukon gold mining company. Both were losers.
That one thinks any of these penny MJs are good for anything but flipping is bizarre. No MJ stock is going to flourish until there is some definitive clarification of how they will be regulated by gov't. No business person worth a hoot is going to seriously invest in an industry if the procedures are so undefined as MJ is now. Eventually, when regulations begin to take shape, the fog will lift and MJ will become a hold, but as inevitable as I think that is, it may take years. Right now the banks won't even touch it. In the meantime PHOT will go up and down, down and up - so flip away.
You are correct, a 5-10% pop on a risky stock is not a good deal. However, I have traded this stock several times in the last year and never at less than about 20%, often much more. As long as there is no definitive set of Fed regs attached to this industry regarding growing, distribution, financing, etc, this sideway tap dance will go on, some big spurts, some little spurts. Determine a range and deal within it. MJ is not going away, it's just waiting for some direction. Charts are not relevant here, this is Walmart, not a specialty shop.
The MJ hype has not yet diminished to where these issues are dormant. Several have been around for a few years now and have never really "exploded" in the way many had anticipated, however one or two may down the road sometime...which ones is a crap shot - take your pick. In the meantime this MJ market remains a flippers paradise, PHOT being a good example. I bought into this in 1/14 for .07 and got out three months later for .50 to .70. Made a ton. It was suspended, went on the greys, then to my surprise, and many others, it "came off" the greys. Why? Because the industry was still very controversial with a lot of press, especially at election time, and that attention was attracting investors, both bright and not so bright. So everybody from Marco (who saw an opportunity in a prominent market, he's not an idiot) on down, including you and me, could buy it cheap with a pretty good expectation of it going up some in short spurts so we could take profit - get it, buy low, sell high. If you look at the chart for the last year there have been at least three - and depending on how you play, many more - opportunities to do just that. It will go down, maybe to .01 or less, but almost for sure it will go back up, maybe not to .02 but enough for a tidy profit. That has been my relationship with PHOT since the SEC cracked down on them and will continue to be until the MJ regulation smoke clears at the Fed level. As you know, I would not advise others on how they should trade, this is my opinion and my way, all should make their own decisions.
That's why it will go up.
The entire sector seems to be trending the same way - up and down a little, essentially sideways. Individual companies will move with news of their dealings but until there is news that impacts the whole MJ industry, major moves will be few. In the meantime it's a great flipper. It's here, it's legal and it's not going away, pick one or two you like and wait.
It is time.
So, PHOT was suspended by the SEC almost three years ago.
So, PHOT came off the greys and has been trading steadily since, over 40m average for the last several trading days.
So, the PHOT investigation by the SEC is "likely" ongoing?
So, how "likely" is it that you are unsure, or even unknowing, of what you are talking about?
Please, stop saying PHOT is not making a profit - investors, aka the company, have been taking profits for days, in fact even as I write this. I'm making money (profit) here, lots of it.
This isn't an MBA project to display you economic intellect, this is the pink sheet casino! Understand that and act accordingly!
All ahead full, steady as she goes.
I came with a little in Dec 13 and left with a lot in Mar and Apr 14. I returned with a little this past spring and have left with a little more...three times since May. This is not a get-rich-over-night, "to da moon" type of stock, it's a market place - as in, buy/sell, buy/sell, buy/sell. Not saying "to da moon" types never happen, just very, very infrequently. Take it while you can.
7M buy, after hours...why? Anyone care to speculate?
Up or down today, volume will be huge, which will turn eyeballs this way. Say what you want about PHOT, it's not going away anytime soon. Owning this is like have a ticket to print $20 bills - great trading stock and a possible hold. Make money while you can.
My investment in phot has gone up several thousand dollars in the last few trading days and since I bought back in has gone up a healthy five figures. I don't care if it's on the OTC board, the big board or a skateboard, it's making me money and I can take profit at the push of a button. It matters not where you play as much as who you play.
I agree. It's basically, as someone mentioned, a mom and pop hardware store in what looks like a rundown area of Phila (Eastern Pa state penitentiary is next door), however any exposure of product in a rapidly growing market is beneficial. I'm sure Ace is aware of what is sold under their name and will be watching. Marco's task now, I think, is to create more and greater such exposures.
If it closes above .02 today it's for real. That has been resistance for some time, including the last run. Fair mount is a street corner store in Philadelphia...Ace will be looking hard at it, so will Home Depot, Lowes, etc. The next few weeks/months will be the test of MH's business acumen and ability. I'm optimistic, very optimistic. This is what I think, don't move on my opinion.
It's a new embryonic industry at a time when the country is experiencing a dramatic and radical change in gov't, to say there is no uncertainty is a gross understatement. However there are a couple of very solid givens; it's not going away and, judging by the recent election results on MJ, it is only going to grow, no matter who governs. I like my chances here. Let the dust settle, have patience.
Your concerns are well founded. The issue here seems to be whether MH is a good guy or a bad guy. He took the company off the greys very guickly...Why? I think because he saw the MJ industry blooming and wanted to get some of it. PHOT was part of the industry, albeit a doormat part after the suspension, and getting it off the greys would be noted, getting it up and flourishing would take time and savvy. I'm guessing but I think he has that savvy. Added is the fact that it's a new and controversial industry which requires voter approval, there are many uncertainties. If I'm not up with this company, I'm probably not here so I have a somewhat different perspective.
Today: TRTC down 17%, MJNA down 15%, PHOT DOWN 10%. It's a new industry that's just gained, or is just getting legitimacy, a new gov't in Washington, unsettled state issues - a lot of uncertainty. Investors, even here, don't like that. In any emerging business in any emerging industry there will be kinks to be smoothed out, it doesn't happen tomorrow, next week, or even next month. Time.
I follow about eight or ten of these MJs, all of them are down, some as much as 20%. I believe this is a weeding out of the fakes now that the industry is legit, some of them will drop into trips and disappear, others will succeed to one degree or another. Which will fail, which will flourish?? I don't know. I scored big here a couple of years ago and am not in this as much as some - PHOT owes me nothing. I like PHOT's position, I like their management, I like their chances. Chance really is the game here.
Of the five or six MJs I watch this is the only one up today. This is a bad day?
Keep in mind this a penny, lots of volatility at this level, start-up struggles, etc. PHOT is part of a new and rapidly growing industry, there is competent, seasoned management out front. Anyone who has ever been in business knows it doesn't happen over night, especially when there is a stampede of entrepreneurs grabbing for a piece of the pie. Don't not expect fluff announcements from MH, any news will be significant and meaningful. Not saying they will succeed, but of all the MJs I'm familiar with, from one is well positioned and well led. Patience.
The grey sheet people are out with what they could get,wee should be back next week.
My concern also, is with the entire sector dropping, I'm confident with MH and PHOT. I can only speculate that deals being cobbled together and corporate structures dealing with the uniqueness of MJ rise to legitimacy are leaving loose ends and uncertainty. One thing for sure...it ain't going away.
Record volume today??
Yes, Trump is going to enforce federal law which is: let the states decide. The industry is big, getting bigger and, as of Tues, is totally legitimate. MJ will roll over Trump, Christie and current federal statutes. Look at the vote totals in the states that approved.
All MJs are dumping, it's not a problem with PHOT. Interesting however, the entire industry is in a sell off immediately after the positive election results. You know there are deals being made. I'm not going anywhere.
Most MJs are down today, those that are not are sideways. This, five days before a vote which will have significant impact on the industry. Anybody care to speculate as to why this is so?