I recently listed PHOT as a stock I was checking out,
trading on this stock has since been halted as of April 10th. I fortunately sold my shares while I still
had equity. The Executive VP Robert Hunt
sold 500,000 shares of his own stock which caused alarm among many traders.
It is tempting to jump into the marijuana sector because of
its newness and the potential upside given the recent legalization
efforts. I would caution new investors
however to only use play money with these stocks, if you can’t afford to lose
then don’t invest it. The companies in
this sector are new and are not led by management that is familiar with SEC
compliance. There is going to be bumps
and bruises during this new growth period but eventually some companies will
emerge as forerunners and that’s the time to buy.
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