Seeking Alpha
    $ERBB $TRTC $PHOT etc.. 2nd stronger feeling. This type of drop happened in the past. Some rich jerk(s) are buying in large and pulling out.
    Apr 7, 3:57 PM
    Reply (20)
    • In order to disrupt the momentum of this growing industry and the companies involved.
      Apr 7, 3:58 PM
    • Most likely representing companies that feel threatened.
      Apr 7, 3:59 PM
    • nase8: or...the entire market has been down all day and confidence levels are even lower for penny stocks in the MJ sector so people are taking the
      Apr 7, 4:05 PM
    • nase8: profits they have seen in the past couple months and waiting
      Apr 7, 4:05 PM
    • hiii98: I think nase8 is correct. all pennies down, MJ sector is most volatile so it will get hit hardest, most popular MJ stocks hit even harder
      Apr 7, 4:15 PM
    • P.Garibaldi: how about those are corrections of high volatile high speculative stocks? Most of them are also closing small gaps in their charts..
      Apr 7, 4:42 PM
    • hiii98: a correction is one thing, these stocks are now severely oversold based on charts.
      Apr 7, 4:47 PM
    • ChiefKing: I am in agreement with Nase8 aswell.
      Apr 7, 5:27 PM
    • P.Garibaldi: Come on! we all know what the game is with penny stocks. Highly speculative, high beta, you can not apply the same rationale as other stocks
      Apr 7, 6:02 PM
    • P.Garibaldi: what period are you considering in the chart and what indicator?
      Apr 7, 6:02 PM
    • hiii98: I'm somewhat secretive about that, PM me please. its not daily . even penny stocks have to obey corrections to some degree
      Apr 7, 6:04 PM
    • ChiefKing: of course penny stocks have to correct
      Apr 7, 7:06 PM
    • James.Bond: P.Garibaldi: high beta in deed. but that is a good thing when it goes up, not good when it goes down. I have seem stocks ten fold in days
      Apr 7, 8:30 PM
    • Mid November 2013 and January 9-10 2014 were the time periods I was considering. But hey, you guys make sense in your rationale, but..
      Apr 7, 8:56 PM
    • I still don't rule out the big wigs playing dirty, be it on a small or large scale.
      Apr 7, 8:57 PM
    • P.Garibaldi: Overall you can observes ample spikes and retracement up to 30%, but on certain stocks you can clearly see an uptrend unbroken up today..
      Apr 8, 12:18 AM
    • P.Garibaldi: $PHOT $NVLX $ATTBF supported by 50 week avg..of course today they will break down and that will contradict my analysis..lmao GOOD LUCK!
      Apr 8, 2:01 AM
    • P.Garibaldi: There may be a certain degree of manipulation, that's what amplifies the movement of the stocks...
      Apr 8, 2:01 AM
    • oldorv: a certain degree of manipulation? it's all manipulation. ordinary investing rules do not apply on the current pot scene. good luck all!
      Apr 8, 7:54 AM
    • tenstring: I think time to work on something else and check back next week. Long $PHOT $ERBB et al.
      Apr 8, 9:47 AM