Green Oasis (GRNO)

[techtrade]

There is some truth to what you're saying but I think the lack of buying pressure is primarily responsible. Shorts can only flourish in an environment that is conducive to their strategy. IMO, short activity in a stock is more of a a symptom than a cause.

The problem that GRNO is having IMO is the overwhelming amount of overhead supply, lots of bagholders are using any strength to exit their positions. Once some more of that overhead supply is cleared out GRNO should have more room to run. But of course, this being such a low float stock I understand that the games you're talking about are real and do have an impact on the day to day trading.

FWIW, all gaps are filled as of today IMO, including the backfill so hopefully we will see a resumption of an uptrend tomorrow. I don't care that GRNO is not a high flyer right now, but I'd like to see it do more than just drag along the bottom. Seems to me the company has lots of potential and is undervalued at current prices based on their revenue growth.