From The Cody Word: Marijuana Penny Stocks Still Doomed; Growlife Still Halted

As you said you are not willing to do the research. You are basically the same as all of the pump and dumpers on Yahoo! finance. Shame on you. In one of those articles, I wrote in response to all that vitriol I received that, I sure hope that for every one of you bashing me, that somebody out there is choosing not to buy into these things and therefore not setting themselves up for huge losses by betting on penny/reverse-merger/roll-up/hype-machine-Wall Street-insider-selling marijuana stocks.

I still hope that was the case. That some of you heeded my advice and got out of and/or avoided these penny stocks before they started crashing and getting halted.Always remember that emotions are the enemy of successful investing and trading. I finally did a Marketwatch article and Cody Underground podcast specifically explaining how the fundamentals and financials of Growlife, no matter whether insiders were doing something wrong or not, that all that will spell big losses for PHOT s shareholders as that reality plays out.

So here we are today, and I have no idea nor does anybody else have any idea of when or at what price Growlife’s current retail shareholders will be able to get out. Let this Growlife suspension of trading which has left even those retail traders who were explaining to me that they were going to get out of these hyped up penny stocks before they crashed again be a lesson to any of you who think you are nimble enough to play that greater fools game.

To read more, visit http://blogs.marketwatch.com/cody/2014/04/14/growlife-halted-marijuana-penny-stocks-doomed/

Comments are closed.

PLEASE SUBSCRIBE
Get the latest content first.
©Marijuana Stocks Report