GreenGro Technologies, Inc. (OTCMKTS:GRNH) Invited Buyers Again

GreenGro Technologies, Inc. (OTCMKTS:GRNH) took up the positive scenario, as the new low price was seen as a buying opportunity. This lifted up the ticker by 114% to 48 cents, with buying above $16 million. While GRNH has shed 75% in a few short days, it is still seen as a staple in the sector, and went ahead among the most heavily traded OTC selections on Monday.

GRNH is not giving up, sending out another press release that one of its clients would receive zoning permission to start farming in Arizona. It is still not clear how this would translate into earnings for the company, yet it was enough to rekindle some interest in the stock, and repair some of the damage that GRNH received after a bashing article from Seeking Alpha.

The results from the Arizona project will be available far into 2014, when the hydroponics provider will have to finish the construction. During all that time, the sector could have enough days of exuberance, followed by reversals, as the new higher prices can’t seem to find support, and there are not enough serious investors who would trust GRNH as a longer-term investment.

So while Seeking Alpha was warning that there was little in this pink sheet to warrant the attention of big players, investors’ forums are easily abuzz again with optimistic predictions, waiting for more dramatic daily gains. GRNH has indeed shown the possibility for strong momentum, so there may be another attempt to repeat the short-term gains.

In close following of the GRNH trend, we are seeing Terra Tech Corp. (OTCBB:TRTC), a higher-tier hydroponics company, trying to recover from losses incurred last Thursday. TRTC is again above 36 cents after growing by 24% on Monday, though on a bit more subdued volumes of $4.17 million.

At a similar price range, mCig, Inc. (OTCBB:MCIG) is making a strong claim for a trend, as the new week brings fresh optimism to the pot stock sector. MCIG reached 23 cents after growing by about 14% on buying volumes above $2.5 million.

As it is easily seen, the sector remains truly jittery, with the bubble mostly related to exuberant shot-term investors. While hundreds of percents daily are appealing, it is best to estimate the affordable size of your investment and the right time frame, so as to minimize the damage if caught in one of the days in the red.