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What’s your guess as to why we’re seeing t-trades occur so often?
Hmmm, do we break back into .02 and hold today?
That would be a good show of confidence.
Hopefully Marco can wrangle the big C’s of the market right now - Canada, California and Colorado. If we make inroads to Canada, then some of this strife about American politics would be seen as less problematic. Granted, the company is still based in the states.
It’s really too bad Trump’s advisors told him not to let Sessions resign.
I get how he shook up the whole sector, and because Growlife is in that sector, the stock price trends with.
However, Growlife would be safer than most of these tickers in the same zone just due to the fact they can legally sell equipment anywhere.
I guess the thought is that this could cut off some future sales.... boy, not if you look at Canada, Colorado and California. Things there look to be business as usual.
Apparently a good amount of the market is down. Safe money selling before state of the union address. Big players being safe because who knows what the guy is going to say.
Then green after? I don’t see how this has correlation to the mj sector, but this theory is being passed around the net.
Whatever happens, I’m locked in until things get figured out between our country’s laws and this company’s performance.
Good news is Marco has stated he plans to uplist, but couldn’t disclose timeline.
While it’s no guarantee of an uptrend, it’s still a step in the right direction to confirm this is a fully reporting, up to date and regulated company.
Good for them. I haven’t bothered watching much. Should have prefaced by saying if it goes below .02 and stays there. If it wasn’t for the day job, I’d be right there with you trying to gobble up some of those sub 2’s.
Good luck to your price target here, glad to have you on board!
Wouldn’t that be neat. Some lucky folks out there if it goes below .02.
Yes, and thank goodness it isn’t red on the high volume we saw from the uptrend earlier this month. The same omen could be a saving grace, but we’ll have to see.
Oh?
Most of the states that haven’t legalized are already on their way. Even southern states are allowing medical right now. The government feels more pressure with every state that joins. Only a matter of time.
If you’d have told me 10 years ago that you could fly into a state and buy recreational cannabis, I wouldn’t have believed you. Now, it’s a reality and I’ve witnessed it first hand.
Well, Vermont will be nice for the short term.
As I understand, one of the measures they took early on was to ensure no such thing as what happened in 2014 could ever happen again. I can’t remember the exact measures, but it seemed to include serious regulatory implements on the company side. There was also some sort of unexplained outsider manipulation.
Considering the years of work it took to just get this out of the greys, I believe we’ll not have that worry in the future.
That was the pin that burst the bubble when PHOT and CANN got halted. Pot stocks traded sideways and unreliable for years after, and thus we saw a big flow into Canadian pot stocks in the interim.
Now that Canada is full on railroading with legitimate MJ companies trading in those dollar ranges, it’s good proof of where the US companies should eventually be.
Honestly I’m holding as long as it takes. A lot of that is contingent on federal regulations and bank involvement.
That doesn’t mean my price point is .50 in the next 6 months, but we could definitely surpass a dime in that period of time. Share count and financing may weigh things down for the short term. Earnings will tell some of that story.
Even though this dip and sideways period was spurred on by Sessions, phot went through some time where it hit .06 and dipped back into .02-.03 range in 2014. The .05-.06 range was historically volatile and a turning point for the company. Granted, history isn’t always the best identifier.
A lot of people got out of it then, and sure enough weeks later it was tearing through the .20’s.
Think I’ll take my eyes off the market this week. Wake me up when the ridiculousness is over.
And had it not been stopped, would have gone much higher.
But, I digress. It’s easy for me to grasp at straws during down days. Long run will be fine, but short term I wish I’d have waited until the afternoon to add. What an opportunity.
C’mon government, do what’s right for the economy and the people.
Yah, either company or national catalyst will be nice.
Marco has already said we’ll be uplisting, but I’m curious on earnings and patents.
If only some news would come out about Sessions being fired. The alternative being congress taking action.
Would blow my mind if Sessions was just rescinding Obama era regulations to implement more lax regulations of his own. Obviously from his past statements we could assume that is the least likely scenario - although congress grilled him on that one a few weeks ago and he backpedaled on the ‘people who use MJ are bad’ statement.
Same here, going to stay put with my position.
Thank you for the reply. Old man Sessions really put a damper on this sector.
I would love to see the federal side do something sane to resolve this issue once and for all.
Thanks Carl, so if the bottom falls out then we go into a free fall until support is found?
Normally I wouldn’t mind, but I’ve had such a rough week personally that it would be great for this to sustain and show some strength right about now.
I added more this morning to even up the ole share count.
Just waiting on the rest of mine to clear. Can’t stand these long deposit transfer times. I’d have been further in during the brief gloom and doom ‘death cross’ fear.
Crypto just went through a similar kind of manipulation as the pot stocks. ‘Sky is falling’ narrative coupled with an immediate recovery thereafter.
Funny the things people will do to get on the boat they missed.
Very true, and these tents that are so popular aren’t going to be carried by many of the garden stores. Likely due to the cumbersome nature of keeping that inventory.
There’s this market for a combination of indoor gardening and climate control equipment specific to this trade.
A lot of this stuff like filter and fans can get mighty bulky to be carrying in your typical retail store as well.
Those growers have a lot of decisions to make. Soil or hydro? If soil then organic or synthetic nutrients and what type of fillers to include with the soil? Does it have perlite and vermiculite?
Then if they choose hydro do they go coliseum style? Do they go for a drip feed? An ebb and flow? Perhaps they go for a hybrid of using coco coir and drip, or they go with a DWC - deep water culture setup.
The applications are somewhat dizzying to cover. I’ve learned a lot from those folks out there in the West. I used to think what they did was set and forget, but then it becomes about dialing in different strains for their differing needs. Just mind boggling amounts of complexity to this stuff.
I would like to add to this here in some agreement and some variation.
The market has grown specifically niche when it comes to supplies. Generally, there’s more involved than just soil and pots because everything has been moved indoors.
Indoor offers a boost in quality, controllable climate and is the best way to avoid theft.
Because of this, there is a market for fans, ducting, filters, cooling measures, specific HID or LED light fixtures, climate controllers, specific nutrients that are now geared to the market.
Then you have the plethora of hydroponic or coco based applications which can be intimidating if you just thought you’d need light, soil and pots.
A lot of maintenance and dialing in goes towards these things. I learned a lot while visiting Colorado’s Rec side, as well as California’s medical side.
In general, your typical garden supply store has a fraction of what you really need to get set. I will say however that in the last 2 years, local nurseries have started carrying ‘indoor growing’ supplies for ‘tomatoes’.
One thing I think would be beneficial for Growlife is if they can position themselves as the equipment supplier for both personal folks and the mainstream garden stores. I’d also imagine those folks doing it in states which haven’t come online do not want to be going to the store and be seen buying that stuff.
Reverse split. I can’t imagine they take that route to reduce share count, but I do agree it should be reduced eventually.
As I understand, an RS isn’t the only route to reducing shares.
My experience with companies that perform an RS points to a nice run up beforehand, then a severe tumble right after.
I wouldn’t hold through an RS, but I also can’t imagine them going through with one.
This is true. Back then volume would be inconsistent and price action would develop rather slowly. PHOT had a similar time back then when we got into .05-.06 territory. It fell back to .03 and everyone started selling. 2 or 3 months after that, the stock was busting past .35 with ease on less volume.
Stick around Carl, you’re a good voice here and I’ll be interested to see your opinion on their earnings.
Growlife sure has had its time in restructuring
Honestly unless you are hurting for cash or seeing a better opportunity, then I see no reason to sell at a loss.
To each their own, but a lot of people definitely want this to go much lower so they can not only re-enter, but justify selling their previous position.
You’ll get a lot of scare posts here and plenty urging you to buy more. Everyone has some kind of goal.
Set a stop loss if there is a level you aren’t comfortable with it going below.
I won’t sell, but that sounds like a nice juicy pick up down there if you’re right. Will have to add to the position.
Nice. CEO publicly stating will uplist.
One less thing to worry about, what’s next?
Probably some update on specialized equipment they offer. I wonder if they’ll ever bring back the GIFT program or if that was a good business model in the first place.
It’s time for them to do so. If only for the greater assurance to investors that they are in line with regulations and fully reporting.
While it would give no assurance on value increase, it would be amazing to see a company who went grey to pink, then quickly from pink to OTCQB.
Nasdaq is still very far away with an absurd amount of hurdles to clear until then, but even a quick comparison to Canadian pot stocks tells me that there will be a real price point once the industry is allowed legitimacy on a federal level. When our government figures that out is anyone’s guess at this point. Could happen tomorrow or years from now.
Giant untapped potential in so many of these companies. Banks should be at the front lines to help legitimize this sector. They stand to reap monumental profits.
Two of the biggest up and comers for 2018 and a vast public sentiment that neither will be stomped out. That’s what I think is keeping pps propped.
With pot stocks, it was surprising to see a recovery so quickly after the words from Sessions. I truly expected all stocks to be a bit lower by now, and I’ll bet there’s a lot of money out there right now trolling for the best entry points. Even then, many have also retreated with their money until our current political leaders get it together on the issue. It’s a sector too entrenched to go away at this point. Many of the states that have embraced medical are already on their way to seeking recreational as a form of pumping big tax bucks in.
As for crypto, buffet himself said he wouldn’t invest in it. This isn’t because he doesn’t like it, but he openly admitted it is because he does not understand it. He will not be shorting nor investing in crypto, yet it is a market with amazing gains which carry far too many positives to ignore. Even if main markets try to regulate crypto out of existence, there will always be a big market for it in countries like Japan. The allure here is a global endorsement of cryptocurrency.
Both sectors are here to stay, even if the route to acceptance is a brutal, uphill trudge.
Agreed. Somehow Marco pulled through over the years when the stock was expected to be deadlocked in grey areas forEVER.
I’ve even been a harsh Hegyi critic, but these are successful moves being made. Vertical and coliseum growing is fairly popular thanks to the production output, so I’m interested to find out more on what Hegyi expects to capitalize on with his patenting.
Keep in mind the user you replied to sold most of his position, as did many others - so this isn’t likely what people want to hear when many are either seeking a lower entry position, or shorting the sector based on bearish federal sentiments.
Many of us are also locked in and loading more. I would be surprised if we can’t make .05 this month, but also suspect we’ll have some boring or sideways trading across the sector.
This.
My entire mj portfolio opened red, so it could be the sector still feeling finicky about what federal action could be taken.
As I understand, most areas will see no change in business dealings - however market money overwhelmingly prefers placing funds in areas which don’t have the dark federal cloud looming above.
Despite the drama, PHOT seems to be holding up in the high 2’s and we had some buys in the 3’s as well. May sit in these ranges for a bit until we hear more from either company or feds. Rescheduling would change things for the entire sector rather abruptly.
Better get it now! Watched that dip get halved very quick.
Company has done so well through all of this federal nonsense. Best publicly traded grow supply companies deserve dollars per share.
But for now I’m happy to see us heading to nickels and dimes.
I know dilution is this big bad wolf that people use as a weak point to justify their bearish sentiment or short position. However, this can also be used responsibly particularly when there is a need for rapid expansion.
I would be a little worried if it seemed to be reckless or without purpose, but we’ve seen the company take responsibility and make smart moves - otherwise we wouldn’t be trading or in operation here at all. Yes, I understand salaries must be paid and it isn’t something shareholders enjoy in the short term, but the goal is long term holding and far reach expansion. Let’s see what happens.
How many millions? Or are you voicing a worst case scenario?
Regardless, these guys have been making smart moves to keep the company ready to capitalize. I have a strong feeling we see quite a few announcements about doing away with any of this type of financing in the future. Share reduction would be great as well, but we’ll have to see.
I’d only be concerned about the volume if we were still red or in a deep dive. Green likely wasn’t expected today and would be a tremendous show of strength if we close even with a smidge of green to show for it.
If we see a deep red close on this kind of volume, then I’d be inclined to question the stability and the stock’s ability to rebound.
Still, we got our first major piece of turbulence yesterday - which was MAJOR major, but we didn’t have a full crash. This is good.
Welcome to the recovery train. If one of the most perilous governmental stances couldn’t stop it, nothing can.
We’re watching PHOT and the rest of this industry passing a serious test right this moment. This is one for the history books!
That’s what I’m thinking as worst case scenario, our terrific start to 2018 could take months to get back on track.
However, there is a GINORMOUS amount of political and business pressure pouring down on the AG right now. A lot more resistance than I expected to see from republicans and democrats alike. This is an extremely unpopular move and even areas of social media that always bandwagon trump and co are turning. The GOP want to save their skin and keep some power. They either use congress to make a change or find a way to oust Sessions.
MARCO HEGYI, CEO of Growlife Inc:
“GrowLife is a public company that sells supplies and equipment for indoor cultivation where its customers range from food to legal Cannabis farmers. We intend to stand by our customers, the US States and their governors who have used the election process to put a compliant process that helps and protects its citizens. As the Cannabis industry fully supports these compliance laws, I expect that the White House Administration will also learn to support these laws and the industry, which is diminishing the Black Market for Cannabis and its predatory actions.”
The company needs to maintain .01 or over for the future uplisting from pinks to happen sooner rather than have the clock reset and wait another month. We’ll see.
My average here is in the low 2’s, and though the last 24 hours have been dreadful - I’m going to ride this one out.
Sessions sparked serious division within the American public and his own party yesterday. This kind of action will mark the beginning of the end of federal anti cannabis laws. The only question that remains is how long it will take.