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Saturday, January 18, 2014 5:34:19 PM
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.
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
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM