Growlife Penny Stocks Trading Stopped

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 Growlifes 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.

You can’t get out of a stock that’s been suspended. Its hard enough managing your risk in big cap stocks that trade on major exchanges. Why anybody would want to play this hyped up penny stock game is beyond me.

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

Posted in: News, Stocks

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