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In the 1920's the United States had prohibition, which prohibited alcohol sales across the entire country. By 1933 prohibition was repealed and the alcohol industry grew into a $189 billion-a-year juggernaut, according to Park Street Financial.
Fifteen years ago, the notion of legalized gambling on non-Indian land was laughable. Today, more than 20 states offer commercial casino gambling that generates more than $37 billion. Nearly every city of any size I visit is considering some form of gambling to offset decades of terrible fiscal management.
Only a decade ago, the idea that states would recognize gay marriage and civil unions between same sex couples was unthinkable. Now, 17 states and the District of Columbia recognize same sex marriage. More are anticipated to follow in short order.
Now we're seeing something I never thought I'd see in a million years - the widespread adoption of legalized marijuana.
Here in Denver where I live, I'm seeing just what a game changer this is firsthand. You can't go down the street without seeing pot shops popping up like old fashioned neighborhood liquor stores.
PLEASE READ
April 9, 2014
Action to Take: Split your capital into three chunks and buy a one-third position in Growlife Inc. (OTC:PHOT) at market. Simultaneously, enter a limit order to buy the second one-third position at $0.40, and the final one-third position at $0.25.
Our Most Speculative Trade Yet Could Be Our Most Profitable
by Sid Riggs
Email - 39
Dear Gene,
I'll just get right to it.
Today's recommendation may be the most speculative trade I've ever suggested.
It's controversial.
It's cheap.
It's not for everybody.
And it could be a ten-bagger in very short order.
There... now that we've gotten that out of the way, let me share why I am so excited about it.
PLEASE READ!!! I get stock advice from this firm most of which has panned out nicely. Today they are recommending PHOT and they believe in time could run to $5.00.... see the link below
http://moneymappress.com/2014/04/09/our-most-speculative-trade-yet-could-be-our-most-profitable/
Everything is getting beat up today except gold. I am in this for the long haul.
Like someone else posted... this thing loves to flirt with the 20 dma
huffington post article on the Legalization of pot
http://www.huffingtonpost.com/2014/04/02/marijuana-prohibition-ending_n_5065594.html
That's what I said
Everyone should have sold this TURD on the 28th when they came off suspension. This thing is only going to get worse. Take what you can an move on.
News on Huffington Post
http://www.huffingtonpost.com/2014/04/01/hemp-bills-us_n_5064741.html
Holy crap Hacktheripper.... you were right on the money
Braveheart you made me laugh... Bravo to you. Thank God my loss wasn't too big.
For all you hold outs... I made the mistake of not selling SPNG when it first came off suspension and to this day I still have 327,000 shares of that worthless POS. My advise is to sell this while you have the chance. The day will come when you will not be able to. IMHO
Sorry for the typo earlier.... I sold for $.02 NOT $.20... Boy do I feel stupid
YAHOO !!! MY 10000 SHARES OF THIS TURD JUST GOT BOUGHT FOR $.20 SEE YA WOULDN'T WANT TO BE YA. GOOD LUCK TO THE REST YOU YOU.
John444, This is not normal trading. They have to match you trade exactly with someone who wants to sell the exact amount at the same price. A real cluster F#@K
you have to call in Scottrade
If I can get out an .02 I'll be happy as a pig in mud
seriously Purple... You can't be that gullible
It's a misprint.... in order for someone to buy at .18 there had to be a seller with an exact match at .18. Highly unlikely.... I had Scottrade call the trading floor and they said it was a misprint.
I called Scottrade and they checked and it was a misprint
are there any trades taking place
do I just pick a bid # and hope it fills???
i am not sure I can even trade this on scottrade since there is no bid and ask.... any advice
I am just curious as to what people are still talking about Spongetech. It's not like I will ever see any of the money I lost when I couldn't sell all the shares I am stuck with.
I imagine this will be a nightmare trying to sell this crap tomorrow. I am glad I didn't invest much, but it still pisses me off. Hind sight is 20 20
Unfortunately Mike, you are going to find a lot of people with an agenda i.e. pump and dump so be careful who you listen to.
I'm sure his lawyer told him to keep quiet
Thank you. Also done!!!
This stock has had sizable correction before... Jan 9 and 10... Feb 6 - 11... it is bound to happen along the way. No stock go up everyday. Technically it was a bit over bought. if you are long term trader don't worry about it. If you are a day trader you love these dips. Win win the way I see it.
this thing has an amazing 1 minute chart today
There are a lot better ponds to go fishing than this. Already made up my losses and then some on much better MJ stocks
I talked to my acct rep at scottrade and she said to call her on the 27th and she might have a better chance at placing a trade once it open. unfortunately it will be a stampede of people trying to get out. no one will ever trust this stock again.
all you people are crashing clay traders site
Love to see this get legs like PHOT
You have to see the humor in this
I bought this stock and still have 10,000 shares, but I have been down this road before. I'm like most the eternal dreamer hoping for that lottery ticket win. With these types of stocks come a great deal of risk. I have learned my lessons the hard way never to invest in these with money I can't afford to lose. Believe me I hope it comes back, but the reality is it is not likely.
I doubt you will hear any PR's...you didn't even get kissed before you got screwed
When it does reopen on the 27th it will be fall so fast that it is nearly impossible to get filled... been there done that. I still have 327,000 shares of spng that I would love to sell someone for cheap