Wednesday, November 06, 2013 3:26:25 PM
when a stock is under a dollar, is on the OTC & has as many shares as this does in the float it is very vulnerable to manipulation. Hence, mm's play off news not to buy but rather suck people into buying as they sell.
last nite, I honestly thought w/ all 4 initiatives passing & natl media getting on the story, that enough new blood could turn that particular sell on the news otc trait. But obviously it hasn't.
this spells out a couple of implications over the next 7 trading days leading into financials:
- though legal pot is becoming a wider known reality, its ability to attract larger masses of investors at this point is still somewhat limited. Keep in mind its a very small sector w/ few reporting or on major exchanges. It is capturing the eyes of risk investors, but it seems those individuals already positioned over the last couple of prior weeks. Time & more exposure will change that & the trend will grow, but it will take more time for critical mass to equate to very large scale volume of new buyers.
-financials seem to be what will draw volume up above mm manipulation in re to the risk tolerant investor who is already in phot. the good news is the stock is holding strong to current trends & hands are still strong. But it looks like getting those hands to buy more will take confirmation of increased revs & guidance on dealing w/ capex & an ending to death spiral dilution.
-finally, strong hands are also waiting for guidance on how the company will continue their growth strategy. This could lead to more buying if developments point to tangible growth. GIFT has that potential wh/ can also draw increasing revs.
Recent PHOT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/23/2024 07:55:07 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 07:25:48 PM
- 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
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
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Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM