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I wonder what the wall will look like at .07. Usually all whole pennies start with over a millions shares, but this one might be under.
November would probably be the worst time to sell. If your going to sell, do it now. If not, wait till Feb-March when this is above .01. Whatever the low ends up being, it will come before December. Don't expect much these next few weeks, but November should see activity pick up again. Then the gold rush starts in January.
Just broke into the .07s. Let's see if it can keep it in the .08s. I wouldn't be surprised though to see .075 or worse.
No FDA trouble, was a 2016 story.
November
I'm still waiting for November to buy, hoping for better prices, but there is a at least a 95% you make money from buying at 8 cents and I would say greater then 50% that you double up or better. That is if you sell before March. Don't listen to anyone telling you to be long, these stocks are meant to be shorted.
I'll give you the best answer I can and it's one of two reasons or a combo of them.
1. Almost all marijuana stocks follow a similar pattern. They make giant runs in times where there is great hype for the sector as a whole. For instance, when initiatives/measures look like they are going to be passed, or when legalizations actually go into effect. Then the flip side is when there is a period of nothing big on the horizon, then almost all MJ stocks start to slowly crash. In the last 6-8 months, other then NV going legal, there is no anticipation of news that was of any significance, so prices greatly fell.
2. Those who manage and own each company create new shares all the time for themselves or employees, which in turn they dump just trying to get cash, and that will help tank the price, especially during low volume times.
I see people complain about MMs all the time, but I'm not sure how much of an effect they have. To me, the two reasons above play a bigger role.
Just my opinion.
I got all I need last week, just have to let the process play out from here.
Unless PHOT goes to the low .004s or .003s there are just too many other good MJ options out there to buy into this company. The upside just isn't that high.
This won't go below .02s but .03s are coming. The longer it's in the .03s the better chance we see .02s. You have to remember TRTC didn't take off until July, so it's realistic that this is still over 2 months away from going on a real run.
Probably not this week, but some time this month it easily could. We are still too far out from any sustained run. I'll keep and eye on this stock and hope it goes lower. Would love to get some shares around a penny, but we shall see.
Considering the prices of each MJ stock now vs the potential of their high come Jan-Feb, Vape is still one of the best picks for highest percent increase.
Yeah I saw. The time is getting closer to buy. I think I'll wait 3-4 more weeks but I'll be watching everything to see what's going on.
Today has been the first really good day for MJ sector in a long time, hopefully it can keep going
The real eruption is still a few months away. People are just scooping up low prices so they can sit back and watch the fireworks come January.
For future references I would suggest don't ever be long on an MJ stock. There is a ton of money to be made in the short term when you buy around the times when hype is at it highest i.e. legalizations and ballots where states are trying to legalize. Other then those 2, the only other big thing is when they decide to reschedule MJ. So this thing may tumble some more but come Jan you will get back most of the money you already lost. The next month or two though might be some of the same.
Even if the stock takes a dip you are the closest thing to a guarantee to multiply your money come next year
When you know the price is going above .01 in January how could you not buy shares now when it's this low
But there really aren't any. All the big MJ ballot measures are for 2018. Florida, Michigan, Arizona, Missouri, Mississippi, and South Dakota I believe are trying to get on the ballot to legalize MJ as well as a few more for MMJ. This year there is nothing that's going to move the needle. Last year it was CA, NV, MA, ME, and AZ being on the ballot that drove all the hype that caused prices to soar. So Oct-Nov 2018 will be a good few months, just not this year.
Lol, you just linked an article from February. Just wait for December/January and I'll be right there with you, but right now there is no need to be in any MJ stock.
There is almost nothing going on in regards to elections this year. A seat in the senate, a few in the house, hardly any initiatives. Other then NJ changing its Governor, there is no impact the elections have on MJ stocks this year.
Wow looks like a lot of people badly want to sell their shares tomorrow. This is an extra level of hype from everyone this weekend. Still months away from any big run. Can this get back to .10 in the next week or so... sure. But no need to rush into buying this yet. .07s and probably .06s still to come by November. No I don't have a position here. Yes I do want to see the price continue to drop. But at the same time I'm realistic when it comes to these stock. Don't get caught up in the hype yet.
Yeah, they literally just said every PR before was fake. Let's hope this company can even stay an MJ company by next year before they shift their strategy to lumber or something else. GRNH = PHOT, a once promising company that has been exposed as nothing but a scam. Money will still be made on this thing come next year, but how far does it fall between now and then is the question.
Halfway through Monday and only 150k volume 0-0.
All the unproven deals mean absolutely nothing right now and honestly hype drives the prices up more then substance. All the deals are probably fake but when all these deals are pushed again come January then people will believe that for a while and the stock will soar. At least the company is willing to push fake stories in order to drive up the price, they are just doing it at the wrong time right now
I would compare more to 4 years ago but even last year we had companies that were up over 100x depending on when you bought or sold. There of course is going to be a ton of money made just maybe not as crazy as some think. I would be surprised if GRNH gets anywhere close to $1.20. But can you get 5x, 10x your money, yeah I think it's highly possible.
I've learned don't ever be long on these stocks, get out in January or February of next year, and put back in around September-October for 2018 elections. Should get a few more states that legalize recreational and a few more that legalize medical. Then pull right back out again a month or so after. my hope is that the 2020 Dem nominee is in favor of reclassifying marijuana, because that will be one of the biggest spikes we have seen yet across the sector. But that's a long ways away.
Anytime :)
I got out in March, and just based off of history from 4 years ago going to wait a couple more months before buying back. Hoping to see .03s again. To me I see this fluctuating between .03s -.05s for the next few months. I would love to see this in the low .03s or .02s but that's probably not going to happen.
Question for everyone: When do you plan on buying back in, early November, late November, or December? I think for me early Nov just to be safe in case this thing goes on an early run before the new year.
Giuliani isn't a fan of weed either. Both ways we are in for a rough ride. Eventually enough pressure from senate, house and the public will get them to ease back on their position. I'm just hoping this all can go down fairly quick, in time for The January run, or else it won't be too much of a run.
Easily under $0.17 come Friday. Great buying opportunities next week or week after. Would be great if Sessions is fired in a few weeks. Then all these stocks would take off like it was election season
Sessions Task Force will destroy this stock this week, with Monday bad that's not good for the next four days. Weed stocks all around will get killed.
Think of this week as cash in week. Buy Monday, sell Friday or next Monday. Once Sessions "task force" declares marijuana to be the devil on the 27th news will take this stock for a dip next week. Wait a few days then buy back in again because after that there will only be great news for all of August
Big week coming up. Monday will be HUGE!!!
If one of these deals actually goes through this will spike, and if not it will probably continue it's slow descent. But long term, just being associated with CA will cause this stock to see a massive surge in 2018, but we are still many months away from that happening. It's crazy how little volume this gets compared to others.
Yeah bud, clearly said 2013. Maybe like Mrs. Riley from My Cousin Vinnie, it's time for you to get thicker glasses.
It's tough to figure out why this went down so much other then some dilution, but it looks good to go from here.
Agreed, I sold about a month ago, and just bought back in. In 2013 the stock only once dipped bellow $.10, should see a decent rise from here. I doubt it goes much lower if it does.
Can't say I didn't warn those. This thing won't be going up for a while, sell now while you can, and no im not buying the shares you are selling lol