Stock News: Gray Fox Petroleum Corp (OTCBB:GFOX); Growlife Inc (OTCBB … – WallStreetPR

Boston, MA 03/21/2014 (wallstreetpr) –Gray Fox Petroleum Corp (OTCBB:GFOX) run for the green seems to be over as of now. The company after posting some gains has been seen retreating from its position of late. The company does not have any new progress to record as the last of its promotional email was of February 21, 2014. The company’s commentator, who had led its promotions, has switched over to another small-cap company called HydroPhi Technologies Group,Inc. Moreover, one of the latest coverage on the stock also pointed out at the risk that the company can be suspended by the SEC. While even as Gray Fox Petroleum Corp (OTCBB:GFOX) continues to go along, it is definitely a risky one as of now.

Growlife Inc (OTCBB:PHOT) regained marginally on yesterday’s trade. The marijuana based stock fell on its back after a superb rally as the investors grew cautious of it. But, now it seems to be back on its feet with its shares pushed higher. Growlife is one stock, which flows in sync with the happenings of the marijuana industry. So when there is a positive in the industry, the stock will soar and vice-versa. However, there are certain commentators from the industry, who have highlighted the extent to which the stock is overhyped, overpriced and is of a highly speculative nature. Growlife Inc (OTCBB:PHOT)’s negative cash flow and a below-par balance sheet also echoes the same theory.

Federal Home Loan Mortgage Corp (OTCBB:FMCC) saw some gains yesterday as its been struggling with the Senate reforms blues of late. The company got sympathy from the analyst at KBW, who raised his price target for it from$0 to $2. KBW’s analyst Bose George maintained the underperform rating over the stock. Ever since the reform has been tabled in the Senate for the wind down of the government-supported enterprise, the stock of Federal Home Loan Mortgage Corp (OTCBB:FMCC) has been on a steep fall. However, analysts at large doubt if the proposal is good enough to pass through in a final legislation.

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