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.
Same here...Added this morning. This is now significantly oversold. With some news (the 14th?) we may see a sharp rebound into the 90s...
Hey guys, hate to rain on the parade because it seems like this meeting is going great and Monday will be a big day for us.
BUT, there will be no Nasdaq uplist anytime soon. There are requirements for such things - most notably, you must maintain a $3 average PPS for 5 consecutive days to even be considered. And we're a ways off from that. (Hopefully not too long, though!)
Assuming this is a truthful post, it is a national holiday, so not sure people would be working...
The shorts are out in full effect today!
Listen - I'm not going to tell anyone not to take profits. We're all here to make money. But remember, people were probably telling this board the same thing at .02, .04, .06. So decide for yourself. Do you think the company has long term growth potential? Do you need the money now? Can you afford to lose it if it does drop massively? The idea that this recent pullback is proof that the run is over is total BS, and anyone who tells you that that KNOW this is the end of the line for FITX is full of shit. I promise you that.
Honestly, I have to stop reading this board. Sometimes I feel like I'm the only person that writes posts that don't have an agenda.
Yes I know. Did you mean this reply for someone else?
Up 5% in the last 3 days
Up 1% in the last 5 days
Up 18% in the last month
Where is this slow drift downward you speak of?
Then perhaps this kind of investing isn't for you. Stocks don't go straight up - especially highly volatile penny stocks. I would encourage you to relax and think longer term. The stock is up 300% over the last month, after all...
Exactly. I mean sure it probably caused a few of us ihubbers or people already invested heavily in the MJ market to take notice and pick up more shares...but we're already bought in for the most part. But a positive wsj interview could put the larger investor community on alert like never before!
Please see my last reply to the same comment:
"Yes, but publicly available doesn't mean widely consumed. It's still a very niche audience that read it when compared to the general financial public."
I'll agree with you there!
That said, I hate message board squabbling. Let's agree to disagree and both hope the price goes through the roof...
Oh well since you've owned it for a long time, that means you're really smart! I stand corrected!
Clearly I jest, because what you said was laughable. Believe it or not, the MJ market is not driven by iHub users, or even 420 Investor readers. So just because its old news for US (which to some degree, it is), that doesn't mean it is "factored in" in ANY meaningful to the PPS.
GLTY though!
Yes, but publicly available doesn't mean widely consumed. It's still a very niche audience that read it when compared to the general financial public.
Yes, a passing comment about an alleged future WSJ interview that was seen only by 420Investor readers (not the interview itself that will be read by hundreds of thousands) has already been factored into the PPS. We don't even know what was SAID in the interview. How can that be factored in?
So many silly posts on here...
You're only a chump if you judge the stock's performance based on 1+ days of trading, not the 1000%+ increases we've seen in 2014 so far. Stocks don't go straight up. There will be PLENTY more days (or even weeks) like this on the road to .50+. So your options are to either roll with it and think long term, flip for quick money (nothing wrong with that, if that's your thing), or put your money in a mutual fund where there's less volatility.
Are you really attempting to be a basher, or are you just a troll? I hope the latter, because if not, you're really terrible at this.
Reality check, please.
You all are reading WAAAY too much into a day when we're actually UP 2.5%. Slow volume days happen for everyone. We've had, what, one down day over the last week? Climbed up like 60% from our recent low? The fact is, that high of .47 WAS overbought and the product of sector overhype. But that doesn't change the reality of the company fundamentals and our longterm prospects. Either you like them, or you don't. But if you're only satisfied by looking for a stock that can make you 300% in a day, there are plenty of sub-penny pump and dumps out there for you to go have fun with...
GLTA
I think perhaps he's referring to our volume today?
Some perspective...
We were up like 30% on Monday. Did we not expect some kind of pull back on non news? Honestly, I think this has held REALLY well since then. Better than I expected. I realize we all want news, but penny stocks are volatile little suckers. Even PHOT, which is MUCH more steady than a lot of its peers. So just hang in there, and don't freak out about 5% dips. Think big picture, and stay tuned for news that will send us to the next level. Anyone that's been here for a while is already WAY up. No reason to doubt them now...
Two things to consider for next week that could very well move the needle in a big way...
1. Obviously, GIFT news or some other financials-based announcement from PHOT
2. New Hampshire MJ vote on Wednesday. If this passes, expect another round of major buzz.
If both of the above hit, I see now reason we can't run it back into the 40s by Friday. If neither happen, we're sideways at worst, after MAYBE another small downtick today.
JMO of course.
Did not - didn't make it to the floor in time. Pushed to next Wednesday. Gives us more time to right the anticipation train to more gains!
Yup - same formula each day! Gotta just stay the course...
This is in addition to your other three trollish posts a little bit ago, right? Thanks, we got it!
Vote didn't happen, unfortunately. Bummer. Not a bad sign or anything, just didn't make it in time as other items ran long. Apparently it's now pushed to next Wednesday.
More time to drum up support and hype!
High Times Review
I don't have the issue myself so take this PR with a grain of salt, but here's the way PHOT interpreted their alleged "bad review":
"GrowLife's Phototron Featured and Recommended in November Issue of High Times"
http://finance.yahoo.com/news/growlifes-phototron-featured-recommended-november-120000398.html
Doesn't sound too bad to me...
Well, if you keep posting EVERY DAY that there's going to be a pullback, I suppose eventually you're going to be right!
This is not new news and has been discussed repeatedly and extensively here. Check out the stickies on the top of the page and do some DD via other posts on the topic.
Maybe we can add some kind of "read this first" sticky at the top of the page that covers all key topics in a clear, concise way for newbies? Might be helpful...
Regarding the Daily Currant post...
Just to reiterate what was said earlier (in case there's still any confusion), this article is not a "hoax" per say or an attempt by the writer to throw cold water on the MJ movement. It's SATIRE. A joke article. They are like The Onion, if that's something people are more familiar with. Frankly, I'm a little shocked that so many people here took it seriously. But it's really nothing we should be concerned about...
Go PHOT!
Some perspective...
I'm only a recent follower/owner of PHOT stock, but I wanted to just drop by and share some perspective. PHOT, as well all know is a penny stock. And like any penny stock, the odds are long that it will ever break out and start trading with the big boys. That said, I bought this stock for a reason, and that reason was (a) the MJ industry is undergoing a transformation that could be worth many millions for many people, and (b) PHOT is - to me at least - currently best positioned to capitalize on this possibility, right out of the gate.
Now, a lot needs to happen before we get there. I mean, a LOT. And it may very well NEVER happen. It's a gamble, no doubt about it. But unless you're a day trader looking to get in and get out and get in and get out over and over (and I'm not saying there's anything wrong with that), there's really no point in stressing over it on a daily basis. I bought this stock looking for the diamond in the rough. The 100-bagger. 7 cents to 7 dollars. And it IS possible. (Not incredibly likely, but certainly possible.) But all this cheerleading when the stock goes up, and panicking when the stock goes down is not helping anyone, and when you're dealing with a stock that trades in pretty low $$$ each day, it can actually hurt quite a bit.
Of course there are undoubtedly plenty of people on here trying to short, and thus actively, intentionally spreading bad vibes. But to those of you that aren't, I have some advice. Either chalk the money up to a spin on the roulette wheel and forget about it for a while, or cash out. If you're looking for less risky stock options, there are plenty of them out there. But if not, just remember, PHOT was trading at 3 cents as recently as September. And chances are, it might hit that again before the jury is out in this company. Will I sell then? No. I'm placing a bet on the emerging MJ industry, and this is my horse. But I would also never invest money I truly NEED in a penny stock.
Anyway, just my perspective. Best of luck to PHOT and all its investors!