Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We’ll certainly have to see. Due to the IMMENSE volume, PHOT is a giant blip on the sector’s radar right now.
We just need to keep a cool head and low expectations. Fast or slow, it will come.
It’s there, mostly underground and likely much bigger than you think. We’re watching its very rise from the underground to being OK’d by the public.
Growlife has always been about equipment supply, even many years ago when their main domain was Greners which promised good products and safe shipping.
This company compared to 4 years ago is going much further into the mainstream. Even if all additional legalization was halted tomorrow, the industries in Canada and those which have developed into the legal states are enough to feed billions into this sector alone. That’s billions, with a B. When you consider this globally, that means there is a worldwide unregulated market for it in the TRILLIONS. Global supplier of equipment - and that’s what they should be aiming for.
Even the unrelenting southern states are implementing medical into what they deem as allowable consumption.
So, if Growlife went on to supply a even a tiny fraction of the growers out there, it would mean big bucks - and don’t forget about the new light tech coming out or the products which will need constant replenishment and repurchase by those producers.
I can’t think of any better picks for grow supplies, but good luck if you think you’ve found better ones out there.
Good to see you, I think I remember you from 2014?
My name was lost since then, but the old handle was Lombardi.
Back then people were going wild on this with charting, Fibonacci numbers, etc.
I always wondered what would happen if we had better leadership and the money runners hadn’t tainted our uptrend. Now we get to find out!
I don’t want this going parabolic myself. Steady stepping is just fine for a stable price point that won’t just collapse.
Maybe, but the fact it’s already back near our morning highs will likely be a concern to anyone looking to get in cheaper. I’ve been buying from 1 all the way up in the 3’s.
It’s astonishing we’re at these levels and the market is about to close for the day.
I’m just impressed how much steam this recovered after closing the gaps.
Not sure where closing will land, but this is DARN IMPRESSIVE considering we’re looking at the last day of tax selling.
I’m really curious if we’ll consolidate at the .05-.06 range when we reach it. That was a tough point to get past years ago, but when it broke out of that area - all bets were off.
We knew this would come to close the gap and wow what a good setup they have going on for the next leg!
Watched the whole thing start to finish.
Now this is the sort of reminder that current investors need, and IF one was to go around sharing things to social media, then this would be top choice. Not that I encourage it, but in the name of a healthier future - the public should be aware that these treatments are out there.
You can’t fabricate this kind of progress. The kind of thing that would take huge swaths out of big pharma’s bottom line.
Always good to remember what made me think this would be a good pick for an amazing future. Comella is very well spoken. We can only hope that Tomas is as competent in business as Comella is in science.
Completely understand where you’re coming from, but I won’t go pumping any stock on social media for many reasons.
1. it is the company’s responsibility to show their value to the public and enlighten us on their progress. They need to make the primary argument as to why I should pump more of my money into their enterprise.
2. I’ve done it before, set up a stock trading discussion group, we all made some gains on the 2014 pot boom, but late arrivals to our group wound up losing money and I refuse to have any involvement in people’s losses. Even while our group was very active, I advised my picks and told everyone to be extremely cautious with their money. If things don’t go as expected, do you want your friends and family coming back to you asking why their money vanished? I know a lot of big name popular stock guys pump on social media with no remorse or consequences, but I decided it’s not for me.
3. I believe it makes us look desperate to go around advertising our investment and too much spreading could cause an artificial uptrend which deflates to lower lows.
I think the only way up and staying up is through organic growth and progress from the company. They already have growing revenues and are positioned in an emerging industry. The hurdle they need to clear is with the government and it is their duty to show us that plans are on track for that success.
Hey good luck to you out there on the sector. I picked one of my old favorites which has risen from the ashes and is kicking butt all over.
Hoping usrm will display the same kind of growth in 2018!
Similar situation here, except I wound up averaging down from .07 to .031 after the RMAT fiasco. Had to pick up plenty of low 2’s just to make it there.
I parted with a fraction of shares just to keep my money safe, but am still holding the bulk of position.
It seems very obvious that this is undervalued, but we do lack buying pressure here to reaffirm the uptrend we were previously experiencing. Simply put, government intervention and lawsuits are great ways to scare away new money, and shorts always see the negativity as something to take advantage of. I’ve seen some great tickers lose a tremendous amount of value just from that 1-2 combination punch.
That’s part of why I continue holding. The hits keep coming, but we’re not seeing the massive losses I’d expect. While it’s boring, hanging out between mid 2’s and 3’s isn’t the end of the world. It still puts us in a good position to recover, but if we take a wrong turn and start heading to 1’s or subpenny then obviously it’s on to cutting losses and making money elsewhere.
Closed at .0299. Close enough for me!
Happy days all and thanks again for that well written post Carl.
if news outlets still haven’t picked up a story from 8 days ago, then it’s long gone. Maybe in peripheral or small sites looking for clicks, but this is way past major story on the news cycle.
Seems More likely that responsible journalists looked into this already and concluded that it’s a zero story, a nothing burger, a publicity stunt that just wouldn’t stick.
The moment I see some negative usrm press make REAL news, I’ll post it here myself.
I honestly hope we don’t go that far today unless we can sustain it. All too often a meteoric rise is met with a meteoric fall.
the brief pullback we’re seeing right now is perfect for the next step IMO.
Definitely a tough ride, but I’ve decided to hold onto my remaining shares.
While there will be long term success here, it has been tough to watch one of my other investments go from below a cent to nearly rocketing above the usrm pps in the past week.
I stand corrected, usrm just took an even sharper fall and this is the one I was expecting to see a week ago - so now the other investment is well past usrm and offsetting any loss.
Not even stair stepping down, but a ginormous gap down. I had this feeling about mid 2’s, just didn’t know when we’d see it. Which of course has already rebounded back up while typing this post.
As promised, took a nibble in the 2’s.
Fellow phot heads, look forward to a great 2018!
I thought the same thing for a while, particularly the way they handled the ‘pause on RMAT pursuit’ which lost shareholders a bunch in short time.
I was expecting lower than we’ve been, and who knows - we still may get dashes to low-mid 2’s. Then again, every time the chips are down, buying pressure comes in. On a day like today I’m impressed we closed above .03.
On the pessimistic side, it did go below .0290 which was the lowest it would go for a while there. My other holdings are getting a flood of cash and this one is just boring sideways trading which is not enjoyable.
It’s one of those new fangled sunken living room floors!
It will CLEARLY be dismissed even though the ‘public’ damage has been done and scared off the less diligent.
I was still expecting a greater drop in the wake of this hit piece, and clearly the short positions were expecting that as well.
The fact someone wants to throw down $29,000 or so on a million share buy is good progress towards improvement in pps - but I’m really looking forward to volume days quadrupling our usual and heading to the upside. I don’t want any sort of fluff PR, but a smidge of mention in reference to RMAT intent or taking advantage of RTT. Usually a quiet company is a good company, but I’d still like to know what their 2018 goals will hold.
A similar thing happened with the last big pot stock boom.
Stocks that used cannabis in the ticker name but ran poor business were popping off. I remember mjn@ running from .10 to .50 just on name hype alone.
Once investors did some DD, the money flooded away from ‘name brand’ and into more involved picks like PHOT and tr*c.
All those tickets just taking advantage of the name will mostly fade. We’ll still need to see some more progress out of Growlife to see if they can reach back to their former level of greatness.
That it is. The long term benefit will be fine here.
End of holidays has me antsy for gains. Would like to see some news on what usrm has been working on - even if it’s just a silly shareholder update.
Just took a nibble myself. We pass 2 and I’ll take a big ole bite on our way to the 3’s.
Well that’s good because I’m certainly over all the attempts at 2’s.
USRM get your ass in gear. I’m watching this price piddle paddle back and forth while my other investments shoot up 50-200%
2018 better be our year.
Well done sir, well done.
Freakin’ hilarious!
Merry Christmas to you too!
Maybe this will finally be farewell to the tiresome 2’s.
Lol, reminds me of the iced tea company from yesterday. They announced a pivot to block chain and went up 200%
I think including crypto currency as a payment platform is good for PHOT, particularly considering the anonymity it helps to provide and the fact that most people buying this equipment don’t want it to be explicitly known through public institutions.
If it does, that wouldn’t be a big deal at all. Considering everyone’s trying to catch the mj profits, that would invite more buyers. Heck I may even scoop some more up.
Yah, except meso has so much ground to make up. If you were diversifying the portfolio with similar companies and got into Meso mid year then you’re holding a bag from when it was between 8-12$ per share.
They’re only up 1.5% today on that news which should be giving a faster ascent to their previous highs. I wonder what’s going on there.
We somehow still closed at 3, so it’s all defying my expectations.
I’m honestly surprised. Expected worse. Maybe they’ll stop trying to hit us and hit us?
That was the lowest they could bring it? Looks to me like more want in and up than down and out.
Was expecting this yesterday.
Nothing we haven’t seen before.
Challenging them, go ahead and try to scare my shares out. Not happening.
Ha! Well they broke .0310. Let’s see what they’ve got. Bring it on.
Strength is good. Seems like they tried all day to get it below .310 yesterday.
We might still see some silly games, but USRM is certainly strong even in the face of negative press and hit pieces.
Just put some more in this morning. Adding, increasing shares. Here we go 2018!
Just fine thank you.
How are you feeling?
Likely a brief scare of money. Some folks that don’t want to stomach the risk got out today. IMHO, you don’t put money in the OTC unless you can roll with the punches though.
I was thinking maybe the scare would temporarily break us all the way below 3’s today and it may still happen.
Near term? Some happy shorts and worried investors.
Long term? Recovery - assuming things are taken care of and resolved. Every successful company on this earth has had to fight their share of legal battles.
I won’t paint a field of daisies on this one, but it’s not hellfire and brimstone either. I can tell you what this looks like to me, and that’s well timed negative coverage allowing a nice discount. I can guarantee folks like HD were praying to prey on the fear that something like this can create.
You may not have heard, but the FDA is cracking down on risky homeopathic treatments right now, while at the same time they are easing up on actual scientific treatments such as stem cell and gene therapies.
Right there with you.
Can’t imagine the amount of work put in to get this reinstated. Once this got placed in the greys, we had a flood on this board of people telling us that it was statistically impossible for PHOT to ever come back.
We learned that barely any stock to be hit with grey would ever come back to trade. The ones that returned apparently were nearly worthless.
Yet, here we have PHOT seeing good volume and healthy trading - which will likely become a brilliant case study in defying the odds.
That was EXACTLY the mentality we all had here in 2014 and would have continued had there not been a trading suspension.
This stock was seeing insane volume and upside. .05 to .77 over the course of a few months, and it wasn’t just a one day build up or massive parabolic shot.
In a way, PHOT was the bellwether stock of 2014. As it rose, so did many other stocks that we saw like gr*h or tr*c. You can trace it back where when PHOT was issued the SEC suspension that the whole American mj market had a crash. People were scared to invest their money in something that could be suspended.
Many said Growlife would never return to normal trading ever again. The fact they are even trading at these levels after all that is AMAZING IMO.