GrowLife Inc (PHOT): Silly reason: they miss their target by...

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GrowLife Inc (PHOT)

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Re: SteveSL post# 30032

Monday, 11/18/2013 3:04:47 AM

Monday, November 18, 2013 3:04:47 AM

Silly reason: they miss their target by 35%.
This is a penny stock, not a long term investment obviously. Just be careful.
I've done it before- with Concur Technologies (.93-$97 today). They never missed estimates for 48 quarters. This company missed their estimates in the first quarter I bought shares. I'm out because of their mismanagement.
Plus there's 650M shares out there. Concur today only has 56M shares and it's market cap is 5B dollars. When I invested their cap was 25M, about the same size as PHOT a couple of months ago.
I did sell on Friday.

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