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Im shocked! I was beginning to think your name is Marco.
Well now I have to buy more which I didn't want to do.
Yeah I completely agree with all of that. I'm really not all that worried. PHOT is my smallest holding in the marijuana sector. It's more of the hail mary attempt. My expectations are low, but you never know.
I'm certainly not expecting fluff pieces to keep coming out. That's not what is frustrating with this company. The real problem is that they don't seem to be making ANY moves and honestly probably are not in any sort of financial position to truly make a move with all of this new opportunity. The financials keep looking worse and we are now at a point where companies in this sector are going to boom or bust. This one keeps looking closer and closer to a bust, but I'm willing to roll the dice and hold on for that slim chance. If it goes to zero I'll be just fine.
This is why you don't read charts on penny stocks. Not that I think he actually read any chart.
LOL ok. Not going to happen unless there's some huge announcement that comes out today.
,017 today?
Yesterday early in the day you said gap up tomorrow. You were correct. What reason do you think tomorrow is also a gap up? Certainly not doubting just wondering what you're basing it on.
Has there been any announcement of PHOT attending the Marijuana Business Conference and Expo this week in Vegas. This is THE event for this industry. You would think they would be in attendance and at least say so...
The problem isn't his lack of speaking. It's that he has nothing yet to speak about. Several other marijuana companies have come out with specific plans of what they are doing moving forward to capitalize on the new markets. Can't complain today. Up 8% on low volume.
LOL. Too many here are customers of PHOT and not just investors.
Jimmy you keep saying it has CRAZY volume today. Are you checking the right stock? It might not even hit its daily average.
Yes the whole sector is up. Not sure I'm following...
Couldn't agree more with this. I think most posters here are "hopers". Nothing wrong with that, but might as well predict a $2 close by the end of the week.
Any news would be good...
Unless some announcement comes out today you're not going to see a 60% increase. We're at a third of its daily average volume currently so on track for an average trading day.
I realize that.
Extremely unlikely. .015 would be an amazing day. Volume really isn't that high. Its average day is 36 million.
I don't think you could be more wrong. Stocks go up on rumor. People sell on news. You already saw CANN take a huge jump once California was rumored to legalize. On Tuesday that was already baked into the stock price. If you were expecting it to rise right after the election you are simply late to the game.
In order to get the next big jump you need to see what their plan is to take advantage of the new markets. As daytrader said hopefully that will come on the 16th.
Buy the rumor, sell the news. Marijuana stocks had a huge run leading up to the election. Everyone expected California to pass. These stocks already had the result of the election baked in. That's why I thought it was funny that people STILL expected a huge run up on election day or shortly after. The next run starts when companies start announcing acquisitions and strategic plans to take advantage of the new markets. Not all marijuana companies will boom...
You're missing some simple math when you say record volume. If this stock is at .02 and there are 40 million shares traded that is the same amount of money moving when the stock is at .01 and 80 million shares are traded. When a stock is severely down the volume will appear higher because the number of shares trading is higher, but the actual money isn't.
I agree with Jimmy on this one. Only difference is I think the growth in this sector is still a week or so away. Look at the last two years. The big runs didn't start until December or January and went through March or April. The real question is what companies are going to best take advantage of all of the new markets that just opened up. Hopefully everyone isn't going all in on one stock. But saying he got played because it is down 2% is just plain stupid. It's a penny stock. 2% is as good as nothing.
LOL no but it will tell you with no margin of error exactly what happened yesterday.
Arizona not looking good and Maine is still really close. As is Arkansas.
The hype starts tomorrow, not today. We won't have any polling updates until well after the market closes. Tomorrow morning I expect marijuana stocks to have a huge surge. Just not sure PHOT will be at the top of the list.
Anyone have access to info on where the short squeeze could be?
That would be nice. CANN is the one really tearing it up and positioned well for expansion after the votes are in.
Not a good start for you sir
I don't see why tomorrow will be such a big day. California is the big one obviously. It will be 1pm in Cali when the market closes so I'm not sure how accurate any news will be at that point. Feeling pretty safe about our bet...
Interesting. So you honestly think it will go up 6x in one day? I'm not even sure what to say at this point. Double down the bet? LOL
Are you still predicting .10 tomorrow? LOL
Get ready to write a big check!
Do you see this as eventually being a problem for the smaller companies? My worry is that it would allow the big tobacco companies to come in and drive out all small companies and take over the industry. Sure they could purchase these companies, but I would rather them have a few years of growing first. What do you think?
You need 55% growth each day through Tuesday to get to .10 and win. Tick tock. Btw how many shares do you have? I'm meeting with my tax advisor tonight to figure out what I will owe.
I hope it does, but a day or two after the election so I can take over your enormous account!
Careful buying more. You're just going to owe it all to me in a few days.
I feel quite the opposite. I think you should want the federal government to take a long time to come around on marijuana. If they legalized it tomorrow then big tobacco companies would come in and dominate this industry. Right now the big companies are being kept out. Let these smaller companies like CANN get settled, grow, then years later they can be purchased for much higher amounts by a big company.
I'd be willing to take that bet. In the past this stock didn't really make a big run until after the election. Sorry but I just don't see it going up 6x in the next week. Getting to .03 or .04 in one week would be incredible.
Are you still willing to bet on an entire portfolio that PHOT will hit .10 on election day?
LOL I have been wondering the same thing. No matter what happens he has a great spin for it. When the stock is flat its holding well. When it's down it is a much needed consolidation (even if he predicted it to be a big up day pre market)