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Alan Brochstein, CFA
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Alan Brochstein, CFA has worked in the securities industry since 1986, primarily with the responsibility for managing investments in institutional environments until he founded AB Analytical Services in 2007 in order to provide independent research and consulting to registered investment... More
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420 Investor
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  • alijannati
    , contributor
    Comments (86) | Send Message
     
    Alan,
    Maybe in some opinions the Growlife (OTCQB:PHOT) share price is going through the roof, but there are some who are manipulating the price of the stock and take their profits off the table, bringing down the price, and then once it is low low low enough, they buy them back dirt cheap and repeat this stupid manipulation again and again. So far I don't see any problem with that as this is the game that is played in the stock market day in day out, however my hope is that these manipulators are not the Growlife Inc. insiders who know what good news is going to come out of the company in the next few days, so they have an advance knowledge of it. Seeking Alpha or you should look into it and if you find any irregularity then you should share it with your clients as well as the PHOT followers in SA..
    For example, look at the price of PHOT this week (12/23-27). With the announcement of a good news by the company yesterday and the good news all over the general markets and economy, the price of PHOT is taking a dive again for no apparent reason, like it did 11/15 and the a few days that followed.
    One would wonder who is behind these manipulations. especially when some idiots selling 500 or 750 shares of the stock at 20-30% lower than the opening price (about $65-90 worth of trade) just to make sure PHOT price is kept low enough for them to jump back in with a massive buy... I call them shameful scavengers...
    27 Dec 2013, 10:30 AM Reply Like
  • Alan Brochstein, CFA
    , contributor
    Comments (7509) | Send Message
     
    Author’s reply » I don't see it as being anything but normal fluctuations. PHOT is up a ton this year - it looked yesterday like people were selling it to buy some real losers, like HEMP and CBIS.

     

    http://bit.ly/1h1L7Yq
    27 Dec 2013, 11:03 AM Reply Like
  • jrun@prodigy.net
    , contributor
    Comments (9) | Send Message
     
    at least they make money........phot
    15 Jan, 04:19 PM Reply Like
  • Stone420
    , contributor
    Comment (1) | Send Message
     
    I have a question maybe someone here can answer. I've been watching the MMJ stocks for a few months now and have noticed that Tranzbte's stock price never really moves, however they have the most trading volume of any of the other cannabis stocks. Can someone please explain what is going on with ERBB?
    26 Jan, 08:56 AM Reply Like
  • Alan Brochstein, CFA
    , contributor
    Comments (7509) | Send Message
     
    Author’s reply » It's a very low price, so the volume will be higher. Still, lately it has had good volume even as measured in dollars rather than shares.
    26 Jan, 09:22 AM Reply Like
  • DavidMiami
    , contributor
    Comments (2) | Send Message
     
    What are the top 5 or 10 must have stocks in the marijuana sector to buy right now and hold for a long time.

     

    Would it be smart to buy 100 shares in each of the 30 or so companies in this sector that exist?
    16 Feb, 09:35 PM Reply Like
  • Alan Brochstein, CFA
    , contributor
    Comments (7509) | Send Message
     
    Author’s reply » I count about 60 companies now. They are sprouting up overnight. PUGE just quit MJ for 3-D Printing! Study hard and find the best ones...
    16 Feb, 11:30 PM Reply Like
  • belgium
    , contributor
    Comments (1002) | Send Message
     
    David,

     

    Check out 420investor.com
    17 Feb, 11:25 AM Reply Like
  • marcmantone
    , contributor
    Comment (1) | Send Message
     
    Skto and Aegy will be a force in this growing industry
    16 Feb, 10:33 PM Reply Like
  • DavidMiami
    , contributor
    Comments (2) | Send Message
     
    Does anyone have an idea of the potential prices that these marijuana stocks will cost per share in 1 or 2 years. What would they're maximum ranges possibly be? $25 per share, $90?, etc.
    17 Feb, 06:04 AM Reply Like
  • shorthound
    , contributor
    Comments (16) | Send Message
     
    hmmmmm...Magic 8 Ball says, Ask again in 1-2 yrs.
    17 Feb, 03:26 PM Reply Like
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