is...(50 and retired)
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PHOT will get back on THEIR feet. There is a difference between THERE and THEIR. I remember a lesson in 5th grade called "words that sound the same but have different meanings and spellings".
Having said that, it seems that a cabal of unscrupulous law firms have tried desperately to cobble a class action lawsuit together. Not enough people have stepped forward for what seems to be a very small fractional settlement for each individual. It now seems that the whole lawsuit may just fizzle out altogether.
In the likely scenario that the class action goes away, a market maker would once again delegate bid and ask spreads. PHOT starts to trade normally again with bid and ask prices available.
Remember the logical fact that Grow Life is the same company today that once traded in the .40 to .70 range not even a year ago. The PPS would snap back there in a few days if this silly class action just went away.
It will be one law firm. There is a minimum enrollment for the class action to be viable. When those sore losers who lost money on PHOT realize that the class action will only net them $12.72, I doubt that there will be much motivation to enroll. Its the blood sucking LAWYERS who make the real money.
Also, if the SEC reveals no wrong doing, the class action self-terminates.
The chances are high that there will be no findings. An investigation HASN'T EVEN BEEN STARTED!
There is a high probability that PHOT will resume trading where this sleigh ride began, at 0.55
This is not a dead cat bounce. A dead cat bounce is when a company declares bankruptcy. Then it tanks 90% and speculators buy in for the bounce which always comes, but you have to sell it quick.
This is overreaction to an SEC trading halt on SUSPICION that certain insiders and market makers may have engaged in illegal activity. Greedy lawyers have jumped on a class action lawsuit bandwagon that will not lead to any significant recovery for the investors who lost money. In fact, many will drop out of the class action when they realize the recovery will be $12.72 or some petty amount for each individual. The class action also has a minimum enrollment to meet, and that is doubtful to be met.
Growlife has OPERATING profitable brick & mortar locations doing real daily retail business.
This incident is a great gift for investors to buy a $1.00 stock for 15 cents. PHOT is on sale at a broker near you. Growlife will shake this off and come out shining.
I liked your thoughtful post. Stealth LEDs are the most important product being sold by Grow Life. Stealth in that LED lighting doesn't spin that electric meter as much as incandescent, fluorescent, or high pressure sodium bulbs. A high electric bill in the off season is a red flag, as is UV bleed visible from aerial surveillance.
PHOT is the real deal, not hyped by the "stock picking" services. PHOT is not acting like a pump 'n dump.
Kant? You know its can't, right? Can't, the contraction of cannot? I can tell from the colloquialisms you use, ex "Freakin', that you're a young one. Education really sucks for you ADD/ADHD kids.
I can tell you're under 30 years old. Nobody older than 30 uses the word "sick" as a colloquialism.
"Sick" in my understanding means impressive, awesome, over the top, way beyond normal, larger than life, hedonistic, cool, hip, sharp, or overly abundant. These are words that could describe the future performance of PHOT.
Wow. I am impressed by your optimism! .09 by day's end? That would be great.
Grow Life seems to be the only marijuana company that is tangible. Grow Life
has real product you can buy such as grow light arrays. MJNA on the other hand
is a holding company that supposedly holds interest in other companies.
MJNA has no real products that it sells, but its subsidiaries do, in theory.
American Bulls.com has issued a BUY SIGNAL yesterday.
Hi. I have 50K shares. Its a penny stock. That;s all I'm willing to risk.
Yes. I love TSLA and I think it will be a $200 stock in a year. Before it goes to $200, it will retrace to $130-$135 range. A short position is a good move at this point. I still love the company and the products. The new roadster is sexy and gets me aroused.
There will not be a big crash. The market will do the opposite of what logic dictates. We are in a mild correction within a powerful secular bull market that will take the NASDAQ back to 5000, the DOW to 20,000. Really! The market just clunked into second gear. When the clutch engages again, OMG!
Open at a dollar?? The only way that could happen is a 5 for 1 reverse split. Impossible with the current share structure.
That 600% gain was fleeting and was the result of temporary promotion contracts to pump the stock.
Notice how the volume has fallen off now. We are back to triple 0s.
I'm glad you like intelligent responses. Scott Gallagher has the feel and look of a slippery south Texas used car salesman. If you go to the Directory, there are only empty categories with no advertising attached to the website. SEEK is, and always was, a penny stock shell with billions of shares.
For those of you on here with free subscriptions, IHUB limits you to 3 messages every 24 hours. Well, Yahoo finance's message board for FITX is open! The is no FITXD anymore! Post on Yahoo's FITX message board all you want.
I don't know what pass 20 means, but I'd be satisfied pushing PAST .20
Ridiculous. Hard to spell, isn't it?
I am skeptical, but not without hope. I will believe it when I see it: Product on the shelf at my local GNC. Creative Edge products are high end. Some of the most expensive I've seen. If people equate expensive with high quality, it will sell. If they see an overpriced product compared to a budget supplement, it won't and GNC will stop carrying it. I wish it weren't so expensive. Devil's advocate: I'd buy the next cheaper one and still get a good product. I want this to really become a big time stock and not just another flash in the pan.
Hello my friend! I really like your posts and I haven't seen you in awhile. Today is a big day for Creative Edge Nutrition. The volume alone speaks volumes! It shows that there is a huge following and that there are MANY investors. On Feb. 6th of this year, Creative Edge announced the acquisition of a Cambar Vendor number with GNC. That number is 4866. I checked with my local GNC and they don't know anything about it however.
Creative Edge products are rather high end compared to other nutrition supplements thereby appealing to the well off serious athlete. That factor reduces the size of the customer base.
Still, from an investor's perspective the company looks promising.
In the last PR. They said they would use facebook now.
In the last PR. They said they would use facebook now.
So what's going on with this company? I don't face book. I think it's tacky that the company won't release traditional PRs and is instead using social media. I don't trust this company anymore. What IS going on? I do not believe that any product will be carried in GNC retail stores. If that were true, this would be trading alot higher. The issue of a vendor number means nothing. GNC does not have to carry product. A vendor number is not a contract.
Shorts? There are no shorts. No brokerage will let you margin shares to short a penny stock.
It is not possible to short a penny stock. I called ALL the mainline brokerage houses: Etrade, Scottrade, T.D. Ameritrade, Schwab, Interactive brokers. They ALL told me that they could not margin shares of a penny stock for shorting. NOT ONE OF THEM CAN DO IT!!! I am sick of people attributing a certain price action to shorting. The only entity that can short a penny stock is the market maker himself, and he would be putting his license on the line by doing it. Go ahead and call them yourself! YOU CAN'T SHORT A PENNY STOCK!
My local GNC never heard of Creative Edge nutrition, is not aware of any "vendor number", and looked at me like I was an idiot.
So much negative sentiment! Nothing about the company has changed from a week ago! Have some vision! Don't think day to day. Consider a 3 month time horizon, at least. The announcement was just made that Creative Edge will enter the cannibas supplement market. It will take time to manufacture, package, distribute and promote the new products!
This is just a big shake out. Nothing more. They are testing our courage and taking out stops. It may continue to .0060. Wait for the symbol change and product to get online with GNC.... GNC has 500 retail locations nationwide. How long have you whiners been trading pinks? Most of you know how MMs always stage shakeouts after big runs, freeing up shares to harvest for the next run!
FITX has giant potential.. Patience. Fortitude.
"It's" going to be huge? What? Our losses?
Strato SPHERE. Stratosphere. The sphere of stratos. That is the etymology of the word. Anyway. WTF happened today?? Big volume and a paper loss of 30%??
Yes, you're right. PRs on the way, yes, but that's only the beginning. The "Hot penny stocks" promoting services are putting FITXD on their front page. These are subscription "stock picking" services. That's the most powerful pump you can get. Once a penny stock is set on fire by these services, it could turn into a 50-bagger. Remember how MJNA ran from 2 cents to 1/2 a dollar? well fasten your seat belts because this rocket is being fueled and a countdown will be underway shortly.
GNC has 500 stores nationwide.
Hello BsDvs23;
I looked at your profile here on I-hub and I am impressed. I own 500K shares of FITXD and I loved your post. I am most excited about FITX's association with the GNC chain of retail health food stores. The most recent issue of new shares cloaked as a dividend has me a bit worried, as we all know it is another way of introducing dilution. All of these penny stocks are speculative and any information gleaned from the press releases is biased at best. In the final analysis one has to rely upon their own intuition. You are more learned than me in this arena, so your enthusiasm is heartening.
I have never been able to find a broker who will margin shares of a penny stock for shorting. I have researched this. It is not possible to short a penny stock. Not even Interactive Brokers will do it. Schwab will not, TD Ameritrade will certainly not! I want one person on this board to tell me who will allow a trader to short a penny stock.
Hello Future Trump! Nice picture of you by your fence!
I liked your post and could you please add more details as
to why you believe FITXD will recover most of that sharp spike to .04.
I really, REALLY hope you're right break-out-trader! I loved your post because it gave me hope. I bought this at .0080 and MISSED that quick jump to .043!! I missed it! SO painful. I feel like kicking myself repeatedly. I only have 100K shares, but still. Please elaborate on why you believe FITXD will get to ten cents per share. If anyone else wants to comment please do.
You PRAY FOR people who pull the plug early. You PREY ON people who pull the plug early.
Pray and Prey are two totally different words.
I don't know what "gates" you are referring to. Please explain. Today's huge move up and quick drop was pure blatant market maker manipulation. It all happened on very low volume indicating that the upward move was not driven by buying, but by manipulation! Obviously very few people know about this stock. Your opinion of a move to .05 tomorrow is unfounded. I fear it will drop right back to .0060 and stay there for a very long time.
Your prediction was optimistic. Hopeful. MJNA has shown strong support at .27 as it bounces off of that seemingly concrete floor. The volume is going down, and the average volume has dropped by 1M shares. There is no catalyst for advance. The truth about Llamas and those in league with him left a bitter taste in many investor's mouths. Many realize that those in control now, knew of Llamas's shady dealings from the beginning. They went ahead and forged an alliance with a known scammer.
Llamas is out of the picture only because he was arrested, not because Sides, Keber and the rest decided to cut ties. This company had it's birth with real estate scammers.
Oddly, that seems OK because marijuana itself is illegal at the federal level.
100K shares? Wow. You better make it a market order. A limit order at, say .31 would never get filled. The MM will instantly move it to .32 and keep it out of your reach.
I agree Rick! I said the same thing on Yahoo.
Volume is drying up. I say a .29 close also.
From 28 cents to $100 per share? With how many reverse splits along the way? No buy outs either? Really? In what time frame? Con Agra Foods, Kraft, are 1/3 of your lofty prediction and are giant global companies! You see MJNA getting 3X as big as Kraft?
I like what you said Webconcepts! No, I do not believe it will go away.
I think the biggest hurdles will be legislation reform and the integrity
of this company's leaders.