In response to PR -
I personally think it was wise for PHOT to hold on to their news this week, they may have even seen the irregular spike and thought twice about it.
Lots of PR's can trigger selling as shares will build up in anticipation.
Since they were publicly attacked by SA as a 'pump and dump' I think it would have played right into the cards of MM's if they released a PR today.
In my head I have this set that a news release would be a sign of weakness. I am happier they are quiet and honestly would have considered selling if they had news out this week.
We all know the leadership is anything but weak - and getting better each month.
A long time ago, LAmerica and I had a back and forth information exchange on these boards and one of my main points is that PHOT is starting at the beginning and will have more experience dealing with the various hurdles of the industry. This way, they can stay several steps ahead of any emerging public competitors.
That is not to rule out that another company can't emerge as the industry Titan, but this week has been another hurdle for them to jump. So far, they have been Olympians in the hurdle track, but every athlete takes a spill or two.
I am in this stock because I know the industry, and have personally used their supplies with great success. I am holding it as a very long investment and I am not ruling out any other pot stocks in the meantime.
Have a great weekend all!
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