I LOVE this company LONG. Unfortunately this is the perfect place to buy and the sketchiest place to buy. With a possible Biden win, cannabis stocks like this one will soar. Two things in GRWG's favor in the mean time is the possible legalization in 5 states. Also, earnings coming up is expected to be a good one. So if we hit all three. Biden win. Earnings hit. Legaliztion. Then i could see a strong run up as this ticker as already see some good volume in the past.
This stock is clearly manipulated by Robinhooders. Everyone is buying it because it's going up. Grow Generation is a very small retail plant supply chain with just 200 employees with a $6 BILLION market cap (or something like that). It doesn't make much money---just like most small retailers. It doesn't even have the word "technology" in it's name!! (you know, like Uber Technology???)
This stock is a joke. It's all hot air. And it's a sign of massive speculation in the US markets that have to be wrung out by a vicious decline. Who knows when though.
SimpleStacks
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@Dougbneal, Have you payed attention to their latest expansions?
Dougbneal
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@SimpleStacks, yes, still a small retail operation. Heck, they have to do something with $100's of millions shoved their way! It's actually reverse Robinhood, as cash poor people are throwing money at this small outfit making these people fabulously wealthy. All the insiders are selling, selling, and selling shares, cashing in (taking money from small investors).
In sum, I think you'll eventually see that this entire enterprise is a scam. What they sell in brick and mortar shops can all be purchased online. They will sell more because of their retail aquisìtions, but it'll always be low margin, minimal profits..
Agreed. Alternatively, a pull back the the $12 range (ish). If you want to long this one, perhaps buy some here, then add on dips on the way up, or down. Personally, I'd prefer down first. It would provide a better entry and possibly a more sustained rally. This one pumped very fast, and would make sense to be correcting for some time to come. There is a gap down at the $8 range. As you say, sketchiest place to enter. I think the $16.40 range is the level above which I am bullish.
Agreed, btw, great potential. Just got to deal with that volatility.
This stock is a joke. It's all hot air. And it's a sign of massive speculation in the US markets that have to be wrung out by a vicious decline. Who knows when though.