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Growlife Inc. PHOT
Posted On: 03/25/2014 3:31:02 PM
Post# of 1149
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Posted By: Trained Monkey
Re: Kristi #264

I don't think there is any leak of financials.


As far ad the Yahoo news and the MJ Index, a rising tide lifts all sails so likely a contributor.


I think it relates to the technicals.  The RSI showed this was overbought.  Bigger picture, we had a 'bounce' off 60 at EOD with high volume.  Here strong hands/smart money played the dip and bought it all back at 60, causing the bounce. 

As the PPS neared .50 this money is stayed right where it was, telling metrics was a shakeout of weak players being driven by MMs who will be picking up shares when they think they've wrung it dry.


Help from a post by Archeogeek yesterday somewhere else on the technical analysis, he nailed it.



So I expect a return to and through .60s shortly. Enjoy the ride, will be a fun close.



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