No, you are already off to a bad start. Your seedlings are already stretching and you're gonna make them stretch even more by raising the light. You need to turn off the light right now. I understand you want big buds with that light, but that light is not helping you get big buds right now. Give them some regular light for now if you don't want to go to Wal Mart or Home Depot and get some cool CFL's. Make sure you get the blue packaged ones with the color temp of 6500K for veg. You can put those lights very close to the plants without making them hot and you will see those leaves grow out. They screw in to any light fixture. Since your seedlings are already suffering from overstretching, keep the CFL's very close on them for 24hrs and you will see how much healthier they will look. Good Luck