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Grow Update

By Brett Goldstein on Jan 22, 2007

grow-1.PNG grow-2.PNG

Here are 2 charts on Grow. I should have listened to my charts and not bought at 52. Well there are 2 charts that are showing 2 different things. I shall start with chart 1.

Chart 1 - The price right now is in the middle of the upper trendline and a new lower trendline that has formed. The RSI looks like it prob will bounce like in the past.

Chart 2 - I kinda like this chart the best. It goes with my trading style “the trend is your friend” What I will prob do is buy just a little around this price and load up once the trend line is touched.

So in conclusion, whatever chart you think looks the best, stick with it. Dont 4get that a good percentage of the float is short. So any positive news or bump in the stock price will cause some covering.. Good luck

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This entry was posted on Monday, January 22nd, 2007 at 5:08 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.


3 Responses to “Grow Update”


By space4u2go on January 22nd, 2007 at 9:28 pm

How do you know following?

“Dont 4get that a good percentage of the float is short.”

By Brett on January 22nd, 2007 at 9:34 pm

Hey space. There is a site that lets you know these things. Check out this link………….
http://www.shortsqueeze.com/index.php?symbol=grow&submit=Enter

22 percent is short which is a good amount.

By Space4u2go on January 23rd, 2007 at 8:06 am

Thx for the info, but usually what short levels are considered average and which is more like danger zone!!!

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