![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, April 09, 2014 6:43:06 PM
Over the last four years, management has been very aggressive funding growth by way of issuing additional shares. I don't like that at all because it's dilutive as all heck.
But given the enormous long-term potential from legalized marijuana sales, I'm willing to invest anyway.
That being said, this may be the single most speculative recommendation I've ever issued. So in keeping with strict risk management, I recommend you allocate no more than 1% of your investable capital on this trade. That will give you plenty of upside potential, and more importantly, limit your downside risk to a very manageable 1% if everything goes up in smoke (sorry, I couldn't resist).
The stock has already had an enormous run up so far this year so I want to scale into the position while hoping for a pullback to lower our cost basis.
Here's what to:
Action to Take: Split your capital into three chunks and buy a one-third position in Growlife Inc. (OTC:PHOT) at market. Simultaneously, enter a limit order to buy the second one-third position at $0.40, and the final one-third position at $0.25.
In closing, I recognize that this trade may not be for everybody. So if you're uncomfortable with it for any reason, sit this one out.
You can always jump in on the next trade.
Best regards for great trading,
Sid
Recent PHOT News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:10:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:37:01 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 02/02/2024 09:22:33 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 07/19/2023 08:43:46 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/19/2023 01:36:57 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM
Bemax Inc. Positions to Capitalize on Industry Growth with New Improved Quality of Mother's Touch® Disposable Diapers • BMXC • Jun 24, 2024 8:00 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM