Replies to post #102864 on GrowLife Inc (PHOT)

[bama92chmp]

Buy the rumor, sell the news. Marijuana stocks had a huge run leading up to the election. Everyone expected California to pass. These stocks already had the result of the election baked in. That's why I thought it was funny that people STILL expected a huge run up on election day or shortly after. The next run starts when companies start announcing acquisitions and strategic plans to take advantage of the new markets. Not all marijuana companies will boom...

[PRmaniac]

Part of it might be uncertainty of whether the DEA will reschedule. The democratic candidate wanted at least more study, while the president-elect and his puppets Giuliani/Christie are pretty anti-recreational and reefer-madness-scared and ignorant about the benefits to society vs. alcohol.
This affects PHOT because, without federal help with rescheduling and decriminalizing, many risks/challenges remain as barriers to business.

This is only one possibility. I am concerned, like others, about the behavior of the entire sector at the same exact time PHOT got hit. Maybe a few investors decided to dump, triggering a lot more selling? Sell the news also can happen with bloated valuations not supported by DD or revenue speculation.

I have no doubt money can be made in the sector, but.....it is not clear that PHOT can participate. Time will tell.