Hi RMN, I had to come back in post #2381 (please read it) because of the pain. There are 2 or three valid reasons for the fall, but if you look at the Amazon chart in 2018 you will see about a 26% drop, precipitous in October and still going down another few percent until December ($2,000+ to around $1300). All for the same reasons as GRWG, only Amazon was NOT making ANY money. WHY weren't they? Because like GRWG and Amazon plowed almost all their cash/profits back into GROWTH. Amazon also missed their numbers. Which, for a fast growing company is almost a mortal sin. The only REAL differences were that Amazon was in their 9th or 10th year, and their profile was much better known to the public, seeing the internet/WWW had become a major market.
I owned some Amazon back then, and sold at a good profit. I only regret selling because I would have increased my sold investment 250% in 3 years.
GRGW still has a 90 PE and not nearly the visibility of Amazon. We might bounce, or we might go down a little in the next couple of months. With a "washout", through a major correction to the market, we may even see $25 or lower or we might bounce back! BUT, that is not the stock, that is the market, even in the bounce.
Also like Amazon, I believe GRWG has a very bright and profitable future. Grow Generation is setting up a dominating position in cannabis production supply. They will be a recognized leader in cannabis as De, BAYRY, or ADM are in general agriculture.
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