September 16, 2017 – By Clifton Ray
The stock price of GROWLIFE INCORPORATED (OTCMKTS:PHOT) recorded $0.0013 in recent trading, touching $0.0196 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, GROWLIFE INCORPORATED’s stock was big mover. According to the short interest report published recently, (PHOT) had 14,100 shorted shares for 0 days to cover. The prior short interest was 600 for a $2250.00 change. The 52-Week High and Low are noted here. -2.00 % (High), Infinity, (Low). The stock had 55.95 million average volume.
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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.
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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors,