Replies to post #1669 on Growgeneration Corp (GRWG)

[remember my name]

That's is very hard to figure out ! If Wednesday was a stronger finishes at end of the day I would say yes.
Thursday was a very strong morning . Almost played out to a tee but yesterday selloff looked like
It was Bc we were testing 30 . 30 is a very hard number to surpass.
Usually a stock for the first or sec time will go 1 or 2 points above a big round number like 30 , 40 ,50 etc .
Then back off and 3 to 5 points under before buyers come in again .
Example look at qcom . It hit 150 twice , went to 153 then backed off .
I forgot got my rule and bought more . Went down to abt 145 before the buyers
Came back in . Painful week . Lol Btw great trading stock . Buy every dip and sell ever rip .
I forget my rules when I m in love with a stock or feeling really good Bc the markets are up .
Remember the big boys are finally on the stock too .
They have no problems selling and move on . But my bet is more day traders then institutions. .

With the run we had 31 is a good number for some to sell some shares.
As I been writing we are testing 30 again for the 3 rd .
This is called great price action and feels like we are still squeezing .
Like I said I took shares off but I still have 30k .
I don't know when this ends Bc of the cross currents .

Example . 5states added , penn , ny , conn and ri all want in now .
We are only in the top of the second inning . Biden elect gives the Mj a Speculative
Play . Grwg sell at 7 x sales while the industry is much higher . That's cheap but
EPS it's very expensive but grwg has so much time to grwg into it . Next yrs margin are
Increasing which will help .
We had a great run so people will sell to pay taxes.
But on the other hand money managers need grwg in their
Portfolio next year. Some are buying now to save their year .
Let's add in trump that won't Concede . Shorts are getting squeezed .
People are starting to get speculative and final one grwg is very very
Aggressive so they need to sell more shares . It's End of the year cross currents but
Also a Santa rally . Good luck on the way to 45 ,50$ .

Rmn