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R/S and Dilution.
Rinse Repeat.
They say that there are a fixed number of bags in OTC. When one holder lets it go, another picks it back up right then and there.
I see only tanking here at the moment. May be few months after R/s we might see some opportunities. Maybe.. (but not very likely)
About 1Mil buy bids @ .01. I think we'll see POS below a penny today or tomorrow.
Dang! the Jig is up. MH's new tweet has BS written all over it. the stock's gonna go below .01 soon. And the 'offering' price @ .012 lololol
LOL. You are looking at a market cap of 200Billion for that to happen. The company can't seem to dig itself out of 150million+ debt.
I hope you are right man. At least for your sake. Good luck.
I am not here to sit down make friends. I am here to make money.
I don't understand all this sentiment behind 'Marco'. He is not your cousin or uncle. Understand that he doesn't give a $hit about you.
If y'all had fraction of that sentiment towards your money you'd see the blatant disregard for investor money and day light robbery happening right now. The only think Growlife is 'Growing' is debt and dilution.
Good luck to y'all.
ABANDON SHIP!!!
Same. I got some 500k residual shares from my previous flips. I'll just let them ride it out.
fyi all markets have flippers. Until the company show some actual results not very many investors are likely to take long positions.
I guess you are right.
Nah bro. I think there will be more flipping opportunities.
As long as there are articles that mention PHOT as the "Front runner of Cannabis". I'll still be watching this.
Having said that it wont be in near future. Maybe late October.
Well, stating the obvious here again. Flipping is the only way to make money in OTC. Longs end up losing money 8/10 times.
Hmmm.... Sounds like Abandon ship to me.
huh? you kidding right?? LOL
That SMA 200 Resistance just too strong.
Agreed. The most recent flip I could barely cash in 15%. If this doesn't make moves in OCT during Canada legalization then It probably never will.
More debt and dilution
https://www.denverpost.com/2018/08/14/federal-agencies-removed-more-than-71000-marijuana-plants-from-colorado-public-lands-in-2017/
I guess ppl will be forced to grow indoors after all. I don't think this will effect the price action. But, good to know,
True that. .017 has been major support and resistance in the past. And look at all the dumping at .017. If it can break through then .022 will be the next test.
Correction. 300K per year.
You are welcome. Be careful with you money. Good luck!
Pay attention to level 2. There have been barely any buyers for past 3 or 4 weeks now. All 10k 20k bids at .013s. There is almost 1.5mil ask at .014 which no one wants to take. Investors have lost interest in this stock. The only way this will move is some extremely good news which has to attract new buyers. Which eventually bring some Flipper volume. Until then I don't think this will run.
Although PHOT has a lot of debt, I think it still has couple more runs left. It is still on my watch-list, but I probably wont take a position until I see some green volume.
yea that 1.23 mil at .014 will make sure this stay under that today as well.
what ever happened to your stop loss bro?
Nah man. The buyer seller ratio may be 3:1, but not enough volumes. I think it's not a good time to go in yet. You need a lot more volume to flip. At least, that's how I play.
Holy crap the tanking.
LOL barely any buyers. Looks like the JIG is up.
don't get too excited. It is still under 200 sma. which will probably end up being resistance.
I am just looking for a 10% - 20% flip while riding this momentum (if any). Not interested in long position here.
Yeah.. A potential flipping opportunity. If there is some green volume in morning session, I will try to get in around afternoon.
.014s here we come.
10:1 ration on buy to sell. jeez.
Should've read like past 10 posts before asking this question.
Why walk deeper into shyt?
That 1.35M bid, who the heck is splurging 50K on this thing. Bag transfer in progress. lol.
Yeah. One said 'production methodology' this one says 'farming system'. But that is about it. As Billy pointed out, it is a fluffy. Or should I say PHluffy. XD