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You may well be correct. Judging by volume alone this is changing rapidly, if it stays above .013 today it's for real.
I agree, coming of the grays, if ever, is tricky at best. These guys did it, quickly and competently. That's what caught my eye in the Spring. I had written this off as another black hole but have been watching since March and am back in. Anything can happen at this level - I'm optimistic.
I agree. That this went through the SEC investigation and shutdown plus two years on the grays, and is still trading - off the grays no less - says to me that there is still something left in the tank. I had thought for sure once it went gray it was over, apparently not so. It's not going to be an overnight and likely not a long term money stock but I'm holding and watching at least into next year. Too much volume, too much activity for a stock that's had its ass kicked pretty bad for the last couple of years. Also, in spite of what one may think of Marco, he has the savvy and experience to succeed in this arena - he didn't take this on to bury it, it was already buried when he took it over. Of course, as always, this is only what I think, I could be wrong, wouldn't be the first time.
Who BOUGHT the 19.7 mil shares SOLD today?
I agree, it will never be a money maker of longevity, it's like a train that goes up the hill and down the hill repeatedly, and eventually over a cliff. However that "little hype-induced spike" - I think 40-50% or more - can make you well again. I'm not in big this time but enough for a new set of tires and maintainence on my car.
If the DEA or whoever, announces tomorrow that MJ is being taken off the schedule 1 listing and is now a legitimate medicinal product, do you think the people that monitor this board, or more importantly, buy and sell this level of stocks, will give a rats ass about any SEC investigation of PHOT, or outside parties?
I'm driving a year old Lexus bought new with PHOT profits; stop worrying about PHOT profits, focus on your own.
With the growth of legalization, both medicinal and recreational, and the rescheduling coming soon (before this Pres leaves office), all of these MJ stocks, legitimate and scams, will bump up. The MJ companies know this and are not disappearing - post rescheduling is another story. It would be foolish not to have some MJ issues in your pocket, at least until the end of the year. This up a penny, down a penny is frivolous movement, this is an industry waiting to flourish.
Yes
I believe Marco has positioned PHOT well. He's been playing in this arena for awhile and seems to have some savvy for it. IMO it pretty much hinges on the re-scheduling announcement, anything but the status quo is a plus and should move it.
Read it again Neight, look for the words "organic growth".
PHOT doesn't deal in MJ, it deals with materials and equipment that are used in the organic growth and MJ industries. Rescheduling of MJ by DEA would have no impact on PHOT but severe impact, good or bad, on the industry PHOT serves.
You're wrong. This will continue to move sideways until there is an announcement from govt, probably DEA or FDA concerning MJ. Any announcement will more than likely be positive given the fever MJ inspires in politicians, especially this current group. Forget about the charts, debts, OS, AS and all that BS. These stocks move on perceptions not substance - of which there is often little. Sell the sizzle, not the steak. It's the pink sheets, not Wall St.
Got in late Dec 13 for .08, was halfway out when SEC shut them down, got all out when trading resumed. Did very well. Been watching ever since and believe they are very legit - squeaky clean legit. Waiting for rescheduling news, will then pay close attention to management and how they move it.
Will continue to slowly advance until rescheduling the which point it and all MJ's will move up - how much depends on the level of rescheduling. Right now a good buy...again.
Yes.
Where exactly are/were their stores?
This will fall below .012 or maybe even below .011, but not for long. This has been a periodic money maker since its existence and will continue to be. It has nothing to do with toxic financing or market makers but everything to do with DEA rescheduling and public perception. The key is how you trade it - don't marry these things.
Man, this baby is going to fly,I mean really take off, hang on!!!
"Just a gamble". Are you kidding, this whole market is a crap shot!!
What in hell goin on here?.
Glad you're getting it, at least you know where your money is - and soon enough, where it was.
In the meantime your funds are tied up in a stock that has already been delisted once, has shaky managers and is at the bottom of a new industry. Hold on!
Thank you, Johnny!
You read the filings...and check out the history, then laugh.
If you're selling her, you're not paying attention and have no knowledge of the MJ market. No nothing's are getting out today, the rest of us are using their ignorance to pad our position. There is so, so much opportunity here! Hang on!
The attention on the "most read" says upward.
I agree. DEA will reschedule eventually, it's just a matter of when. When it happens it will be a factor, in the meantime there is just too much pressure nationally, and internationally, to soften on MJ. This is a new industry that has growing pains but is flourishing and will continue to do so. Imagine trying to bring back MJ restrictions of even five years ago - won't happen ever. It's only going to get bigger and more profitable over time. Hang on to it.
You're correct, however, again these are not strictly run by the books, even with DP's Wall st background. Also posters on this and all other boards are a small, small % of shareholders. I'm optimistic it will
be OK. Two events later in the year will make it clearer - re-scheduling and the Nov elections on legalization. Good Luck.
Hey Pear, this isn't a blue chip issue, this is the pinks, it's a crap shoot down here, you should know that. Don't play on the company's internal workings, at least not yet, play the investors - what will they do: they invest more it goes up, less it goes down. What the company does isn't relevant at this point, it's what investors ( like those on this and other boards) think the company will do. Speculate on that. With news and the company goes up, it's a good deal - if it goes down or stagnates, get out. These are embryo companies - put your money down, or not. Crap shoot.
I agree. However the rescheduling may take time, certainly by years end we will see $1+, perhaps substantially so.
It's gov't, they'll study it and tap dance around for as long as they can but eventually it'll come off schedule 1[. The first rule as a bureaucracy is to save the bureaucracy. Meanwhile its sit and wait. The state elections in Nov will move things forward. IMO.
You may well be correct to sit on them, however it may be awhile before DEA moves MJ off schedule 1. I'll be watching with you. Several other MJs show some promise as well, take a look at Trtc. Good luck.
Made several K on this a few years ago then it fell into the abyss, may now be worth another look.
Isn't this still on the dark sheets?
You have pretty much nailed it with the post from 6/14. I too came down here a few years ago to find a suitable MJ issue primarily because I anticipated there would be a huge interest in that industry given legalization in several areas of the country. I ended up settling on two; PH@T and TRTC both of which seemed solid and were SEC reporting. The former I actually made $ on before it imploded, TRTC went over $1 before I got out with very good profit. TRTC is still around and holding up well while many, many others in the industry have fallen around it. I've since realized that this isn't going away, it'll be here for a long time in an industry that is beginning to blossom. It's position and the savvy you of the connections make it a hold.
Great day!
These issues move in value, up and down, it was .0026 just a few minutes ago,.0024 yesterday. You buy them when they're down and,if you're wise, sell them when they're up. Got that?
Of course, .0033 to be exact.