The cannabis penny stock community is still reeling two weeks after the Securities and Exchange Commission halted trading on one of the more established cannabis penny stock companies called GrowLife. Now that April 25 has come and gone, GrowLife stock PHOT is back on the trading block but not at the 50 cents a share rate it had reached before the SEC halt. CEO Sterling Scott tells Main Street in an exclusive interview that the worst is over but is increasing shareholder outreach.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.