RE:RE:RE:RE:RE:Possible EndgamesI hear what your saying, another one that blows the mind is shopify, I bought that 4 years ago at 65 dollars, was happy to sell when it hit 155, only to find out a couple years later that I should have waited as it hit 1600 per share, now thats crazy stuff.
BCdude wrote: Yeah, I suck as a trader too, which is why I buy low and then hang tight -- unless there's good reason to sell. Bought GRN at $0.34 and don't plan to sell unless ... well, it goes on a run like Facedrive and I'm forced to sell when it hits $28.00 ($2.3 billion market cap). And to think FD did this on $500k in revenue and a $9 million loss! LOL Absolutely bloody ridiculous.
Seriously, though I would never count on something ridiculous like this happening to GRN, but it is in the right sector for nutty things to happen if momentum begins to build. This is one reason I won't sell GRN on the run-up unless it's clear the tide has turned.
I never would have picked $28.00 as the top for Facedrive, but I would have happily sold a few dollars below that when the momentum stopped.
Canoutchie wrote:
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