<<<<<<<<The stock you mentioned with the large run (mjn#) is more a stock newcomers will buy before doing their DD. Once investors review the company and the surrounding issues, they dump and head on to the more stable Mj stocks such as PHOT.>>>>>>>>>.
I agree with most of what you are saying but I believe the prices are way overvalued right now. There is no way you can justify the current pps on any of these MJ stocks short of GWP# and that might be a stretch.
Your point above is well taken but I will add a little to it. Once the investors review the company and the surrounding issues, they dump and head on to the more stable stocks. PERIOD
Right now MJ stocks are all hype. How many are making a profit? How can you have a $300M market cap when you are losing money? No investor in the world will justify or try to justify those lofty prices.
There will be a correction and some of the shell companies will be taken out after earnings are released or FINRA gets to them but until then these prices are ridiculous.
Here is a question for you, how much is PHOT worth if FITX falls through? I am sincerely beginning to believe that FITX could be an albatross around PHOT’s neck.
Hope I am wrong but without the Canadian deal I think PHOT could go by the wayside with all of its authorized shares.
Time will tell.
GLTA
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