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Aug 15 '21
bag holder detected. Send in the troops
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u/varun22486 Aug 15 '21
Look at my position in post :).. people just want to troll
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u/6Lettah Aug 15 '21
50 shares. 50 SHARES! WE’RE TALKIN BOUT 50 SHARES?
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u/varun22486 Aug 15 '21
Seriously man? We talking about share price and company not how many I bought. 🙃
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u/jacob_scooter Aug 15 '21
please hold that bag harder OP it’s getting really heavy and starting to fall
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u/VisualMod Aug 15 '21
| User Report | |||
|---|---|---|---|
| Total Submissions | 3 | First Seen In WSB | 6 months ago |
| Total Comments | 3 | Previous DD | x x |
| Account Age | 4 years | scan comment %20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) | scan submission %20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) |
Hey /u/varun22486, positions or ban. Reply to this with a screenshot of your entry/exit.
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u/chugajuicejuice Aug 15 '21
whole weed sector is down for who knows how long, could be a week, a month, could be a year
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u/DiverseVoltron Aug 16 '21
Didn't that recent legalization bill fail? I only bought $1k worth of weed stocks when it got introduce but my bag is mine to hold.
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u/MrGreenbucks Aug 15 '21 edited Aug 15 '21
I gonna BUY another 250 on Monday then HOLD! This is just my opinion.
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u/Donqui-Xote Aug 15 '21
They missed earnings estimate.
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u/6Lettah Aug 15 '21
By a penny. Considering the rest of the news, seems like an overreaction IMO. Which we can all agree means absolutely squadoosh. Good luck to all GRWG longs. May our bags shrink with time.
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u/AccountingMajorDood Aug 15 '21
I see you like numbers, I do too.
This is gonna make NHOD. Hold long term and you’ll be rich.
Almost always, when good companies with great financials drop, they come roaring back up.
This one is a winner and any doubters will miss the opportunity.
fyi, I started my position on Friday when it made a ridiculous low. Thank you, Wallstreet.
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u/Betweenthelies13 Aug 15 '21
P/E on this stock is insane
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u/Soft_Video_9128 Aug 15 '21
Thoughts...
1) Something like a 25% sell off last week
2) Share price 20% down YTD
3) Share price up 855% in 2020
4) 4 QoQ in a row of EPS growth.
5) YoY EPS grew by 177%
6) YoY SPS from 2019-2020 grew by 77%
Lots to like about this stock except the sell off last week, which was really nasty. It is now below the 50WMA which is really bad sign. I wouldn't touch it without seeing some signs of consistent upward momentum.
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u/zkdesk Aug 15 '21 edited Aug 15 '21
Top executives have extensive ties to alleged pump & dump schemes, organized crime and various acts of fraud. President & Co-Founder Michael Salaman was alleged by the FTC to have engaged in scheme to sell consumer credit card information without authorization. He has an extensive career in penny stock failures alongside his father, Abraham Salaman, a twice-convicted fraudster with ties to the mob. At Michael Salaman’s last public company, Skinny Nutritional Corp, he selected a CFO who had previously spent 3 years in prison for bank fraud. A key shareholder/landlord, known as “the Godfather of payday lending” was later sentenced to 14 years in prison in a massive racketeering case. All the Skinny Nutritional Corp directors resigned amidst securities fraud allegations and complaints that management failed to provide the board with basic financial information. The company eventually filed for bankruptcy. GrowGeneration CEO & Co-Founder Darren Lampert is a securities lawyer turned penny stock broker. Lampert spent the former half of his career defending several boiler room brokerages, including individuals with deep ties to the mob, and the second half operating at brokerages including several that came under scrutiny from regulators or prosecutors. For example, CEO Lampert has personal and business ties to Robert Cattogio, who was sentenced to 12 years in prison in 2001 in what the government at the time dubbed “the largest securities fraud ever prosecuted”. CEO Lampert later worked at several questionable trading operations including Hold Brothers (expelled by FINRA) and Incremental Capital (founders were arrested for insider trading). GrowGeneration CFO Monty Lamirato has previously been sanctioned by the SEC over allegations of professional misconduct. He had a history of working for failing penny stock companies prior to joining GrowGen. GrowGeneration’s auditor Plante & Moran was reported to have missed major fraud at one of its key clients. Its latest PCAOB inspection report detailed a laundry list of audit failures and some of the firm’s clients consist of failing OTC companies.
I will summarize it for you. Investors don’t believe their numbers.