RE:RE:RE:Possible Endgames
I've been holding XBC and GRN for the better part of a year. I tried trading in and out of Xebec late last Spring, only to find myself having to chase the stock to get back in, which tells me that I'm a lousy trader... so I will have to learn to stomach the volatility on these stocks... 40% runups and 30% pullbacks have happened throughout this year.
I seriously thought about selling this stock (GRN), as the price climbed over $1, because the volatility can leave me queasy at times... which prompted my mind to explore the possible endgame for this stock, or where it could be in a year from now.
I think several more states and a few European countries will be announcing projects in the near future, with Greenlane as a beneficiary, especially now that a renewed emphasis on RNG is front and centre. Given the potential for new business, a market cap for GRN of $200 to $300 million seems entirely possible... which implies there is still upside to be had in this stock.
So, to conclude, I didn't sell shares today, because I'm a lousy trader, and there appears to be more upside potential, eventually; but it did prompt me to think of a possible endgame, and where this stock might be a year from now.
As state and provincial budgets get drawn up, early in 2021, and with a new administration in Washington starting next year, I've got to think that several new initiatives will be forthcoming in the next 12 to 18 months. We shall see!
GLTA As state and provincial budgets get