NEWBIES LISTEN UP!!! New here. So chime in if I am incorrect in my rookie layman assumptions. So here goes. I am invested in only one stock GRWG. I am baffled how it can go down so much after its outlook is so rosey. Well bare with me while I attempt to explain what I am pretty sure is causing the big sell off as soon as it goes up decently in price on good news i.e. Democrats look to sweep, and Biden wins presidential election, etc. Upon these good for cannibis stock news the stock will run up, and then instead of doing what a sane person would expect, it would sell off some reasonable amount (to me that is a $1 or $2). Then you would think it would rebound and go higher. But as we just saw in the last two days it has moved up to $24.90, only to drop down to $18.38. Crazy drop. So one asks ones self “Who the hell is selling their stock when it is poised to do so well.” The cause to me is people using margin loans on Robinhood to buy the stock in a frenzy as it goes up on good news. By doing so they have no cash reserved to be able to withstand a little downturn. This gives experienced stock traders with deep pockets to manipulate the price down to squeeze the people who trade on margin without giving themselves a cash or margin buffer to withstand the downward selling, and thus get a Margin Call that forces them to sell a portion of their stocks at a loss. This causes a snowball effect that drives the price down as the manipulators keep buying it at lower and lower prices, until they have got the stock at a super low price, at the expense of the people who failed to give themselves a cash or margin buffer to keep from getting a Margin Call. After getting the Margin call notice, they panic and sell stock immediately, instead of waiting a couple of days to see if the stock price will increase to a point that takes away the Margin Call. Robinhood gives you about 3 business days to meet the Margin Call by selling stocks, or making a deposit from your bank account. SO LISTEN UP ROBINHOODERS AND NEWBIE STOCK TRADERS! If you want GRWG to keep steadily moving up in price and stop the large downward swings that force you to liquidate your hard earned stock positions do the following: if you trade on Margin, don’t use all the money available to you, probably only use 1/3 to 1/2 of it. Then as stock manipulators try to drive you out of your stocks, just buy more as the price goes down. Secondly, don’t sell your stock immediately when you get a scary looking and dire Margin Call notice. They dont tell you in the message that you have a couple of days to meet the Margin Call. The manipulators are counting on you selling immediately so they can get your stocks at a low low price. Screw them over by HOLDING!!!! If everyone would hold we will all be winners. That’s All Folks. Lets stop screwing ourselves.
