GrowLife Inc (PHOT)

[jaf7081]

PHOT performance today.
I would like to express a couple of different points. First, PHOT has so far exceeded my expectation today. Here is why:

1) A Sykes coordinated short attack late in yesterdays trading session concerned me. Last time Sykes called a short we lost over 50% of pps. Simply from memory we went from High .30's down to around .18. This time I was expecting something around .20 due to the shorts. Turned out to be about a 17% drop.
2) I expected this short attack to be compounded by a sell-off the first half of the day due to mis-educated investors worried about the increase in A/S.

So why did neither of these happen? Here is my honest personal opinion.

1) Sykes followers are generally wise investors. They did not follow him blindly because they realized that a YES vote would increase the pps and they would get burned, so he did not get the same response he did last time, and thus his attempt at market manipulation was foiled. Still got a bit, and he was probably helped out at least a little by the panic buyers mentioned in comment 2.

2) Their was not a mass sell-off of the magnitude that I was expecting because most of the weak have been weeded out over the last couple of weeks (no pun intended), and those that are left are more educated about the vote and the reasoning behind it.

All of this is simply my opinion. In PHOT since .05, and ready for the ride.