Should i buy phot stock

Join the NASDAQ Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more!

It's somewhat alarming when a friend, one who has never had a passing thought about the stock market, asks me to show her how to buy "pot stocks. Apparently, my friend's co-worker was boasting to everyone in the office that her profits on a Cannabis stock she recently bought would end up paying for her kids to go to college. I thought to myself, "Is she high? I sincerely doubt she bought thatshares, but regardless, that's not a bad return on investment.

In fact, it's quite a carrot to dangle in front of my friend who thinks CNBC is about as fascinating as watching paint dry she has the same opinion of my job. The old adage, "there is no such thing as a stupid question" can be misleading. There are definitely stupid questions.

I've even been guilty of asking a few myself. We've all heard them and we've cringed, maybe rolled our eyes, or had to take a deep breath before answering. I decided to go with that last option before addressing my friend's question. Her question shouldn't have been "how do I buy pot stocks? As with any hot trend that takes the market by storm, she's not alone in her eagerness to cannon-ball into a pool of what she thinks are guaranteed profits.

You see, would-be investors don't have any room to digest boring facts that aren't nearly as tasty as what the media is offering.

PHOT Stock Price - GrowLife Inc. Stock Quote (U.S.: OTC) - MarketWatch

But sometimes the stuff that has all the flavor of cardboard is what's good for us and our bottom lineso I'm going to attempt to answer the question I think my friend should have asked I want to preface my answer with a quick look at what's been going on in this industry.

But the real buzz started November when the states of Colorado and Washington approved legislation to legalize both the medical and recreational use of marijuana. The month prior to the legalization, Octoberthere were only four pot stocks: MediSwipe MWIPMedical Marijuana MJNACannabis Science CBISNuvilex NVLX.

PHOT Stock Quote - GrowLife, Inc. Stock Price Today

Every single one of them penny stocks. Wait a minute, the reason for the big change in average price is only partially due to the original group of stocks surging in price. Medbox deserves attention because it captures the insanity surrounding this industry.

Here's the thing that boggles my mind, though. Below, you'll find a chart of the current pot stocks being traded, as well as VectorVest's valuation of these stocks.

For more on VectorVest's valuation of stocks, go here. While Medbox may be just one of the extreme examples in this industry, its cannabis competitors aren't so different in their price behavior.

Few of these stocks have any fundamental worth to recommend them. The majority have zero or negative earnings and every single one of them are trading at a premium compared to current value. The background of this industry clearly points to irrational exuberance grossly inflating stock prices. At least for the time being, buying pot stocks is not coles supermarket anzac day opening hours close to investing; it's extreme speculation.

So, just to be clear, my answer to my friend would be no, now is not the time to buy stocks in this industry. I happen to agree with Medbox's founder that "the market will do what it will do," or in my case, my friend will buy whatever she wants to buy regardless of any should i buy phot stock signs I post Fortunes have been made on crazier market trends, like during the dot.

This should i buy phot stock actually turn into something of real substance, but I would still have a few tips for her:. Today, 20 states have legalized marijuana in some form, making this industry one to watch. I might buy a few shares myself, but no more than I would risk at the blackjack tables in Vegas.

I prefer to let early adopters shoulder the big risks. As obstacles are cleared and leaders stock buyback chart, those of us that have hung back will still have yrcw stock option plan of time to profit legally from pot.

So what would I buy while I'm waiting around to see how the cannabis industry develops? Well, I hate to leave you with a cliffhanger, but that will have to be a topic for my next article. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Enter up to 25 symbols separated by commas or stock options for the cz 550 in the text box below. These symbols will be available during your session for use on applicable pages. You have selected to change your default setting for the Quote Search. This will now be your default target page; unless you change your configuration again, or you delete your cookies.

Are you sure you want to change your settings? Please disable your ad blocker or update your settings to ensure that javascript and cookies are enabledso that we can continue to provide you with the first-rate market news and data you've come to expect from us. Company News Market Headlines Market Stream. Economic Calendar Business Video Technology News. How to Invest Investing Basics Broker Comparison Glossary Stocks Mutual Funds. ETFs Forex Forex Broker Comparison.

Wealth Management Options Bonds. Retirement Real Estate Banking Insurance. Saving Money Taxes Investments Small Business. Stock Ratings My Ratings Smart Portfolio Overview My Holdings My Portfolio Analysis Crowd Insights My Performance Customize Your Experience.

Join Today Already a member?

Gambling on Pot Stocks - Are They Worth the Risk? February 10, This article appears in: InvestingInvesting IdeasBusinessStocks.

Analyze Any Stock Free. Related Investing Ideas Articles. Most Popular Highest Rated. AMZN Is Up Sharply After Whole Foods Acquisition Snap's share price sinks, trades just above IPO price. View All Highest Rated. Research Brokers before you trade. Visit our Forex Broker Center. Find a Credit Card Select a credit card product by: Bad Credit Credit Quality Average Credit Quality Excellent Credit Quality Fair Credit Quality Good Limited or No Credit History Personal Loans.

American Express American Express Airline Cards American Express Business Cards American Express Cash Back Credit Cards American Express Charge Cards Barclaycard Capital One Capital One Cash Back Capital One Fair Credit Capital One Miles Capital One Points Capital One Prepaid Credit Cards Chase Citi Credit Cards Discover Discover Cashback Discover Miles Discover Student Credit Cards MasterCard Credit Cards U.

PHOT Stocktalks - Growlife Inc. | Seeking Alpha

Bank USAA USAA Savings Visa Credit Cards. CLOSE X Edit Favorites Enter up to 25 symbols separated by commas or spaces in the text box below. CLOSE X Customize your NASDAQ. CLOSE X Please confirm your selection: Why Alphabet's Waymo Is Leading in Self-Driving Cars Alphabet began its self-driving experiment as early as Update Clear List CLOSE X Customize your NASDAQ. If, at any time, you are interested in reverting to our default settings, please select Default Setting above.

If you have any questions or encounter any issues in changing your default settings, please email isfeedback nasdaq.