Grow???

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  • Gwhiz
    Senior Member
    • May 2006
    • 225

    Grow???

    I have a question for the forum:

    WHAT is going on with GROW?

    Im not in yet, but i've been contemplating an entry for months and i've never seen the like of whats currently going in the stock. There is roughly 40 % short interest and the stock just keeps cruising downward.

    Recent news seems to be nothing if not good but GROW dropped even as the market jumped today.

    Moreover, as the dollar moves lower after the cut, grow will benefit because of its dollar denominated resources holdings.

    Im thinking that the increased volume in the recent drop might mean a washout is near.

    Anybody have this thing figured out?
  • New-born baby
    Senior Member
    • Apr 2004
    • 6095

    #2
    Grow?? No. Die.

    You asked; I'll answer via Dow Theory. The chart below spells out the bad news for GROW. Looking for $10, esp. if $17.50 fails.
    Last edited by New-born baby; 09-18-2007, 06:43 PM.
    pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

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    • spikefader
      Senior Member
      • Apr 2004
      • 7175

      #3
      $18.10 offers band support.....that I'd pass on. A daily close below that level and it looks a lot sicker than it already looks.
      This chart whispers monthly fuzzy C failure around $20.00. Recovery above (and holding above) $20.00 boosts it's technicals markedly.

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