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Saturday, 01/18/2014 5:34:19 PM

Saturday, January 18, 2014 5:34:19 PM

Post# of 120634
I was looking at other MMJ charts laid over PHOT's...

They all pretty much mirrored each other over the last year, but the 3 I looked at (GRNH, HEMP and CBIS) all had an interesting characteristic: they all started a steady downtrend in September right at the same time PHOT started it's move up.

This tells me that people who have studied and understand and spent some time in this sector (long before the CNBC headlines) knew that GrowLife was the better company going forward.

When Jan 1 hit and the media got a hold of the huge gains throughout the sector, that's when the normalcy of the trades got thrown out the window. There was chum in the water and the sharks took notice. Unfortunately, long term investors could only sit and watch as their once smooth car ride turned into a roller coaster driven by day traders and rookies looking to make a quick buck.

Let it settle. There's A LOT of emotion involved right now because there are more people than ever before holding bags that haven't been this sporadic in a long time. That emotion leads to dramatics (mostly unfounded and/or unresearched) and that's what we're seeing on this board. Once the dust clears, people will once again realize that PHOT is the place they want to invest.

Long PHOT. Long legalization.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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