When GRO goes down you see disaster but I see opportunity. We are looking at the same stock but you see it upside down. You are ruled by panic and that is why you sold your shares to me at $1.29. Stop crying and take you pills.
I don’t know why, but I’ve always felt that summer 2014 would be when this stock took off. Late summer, midsummer, tomorrow, I don’t have a clue, but certainly by fall. I think of GRO as a position stock. While it’s all a crapshoot, I think there are legitimate reasons this stock has a better than even chance to soar. Earnings are up, PGG profits did increase, and farming is big in China now (China is a very large and hungry country). This is not North Korea. The Chinese government does want it’s people to eat and will support agribusinesses that apply a modern approach. I don’t think there’s any question future earnings will continue to increase. Imho I think they are perfectly positioned to take advantage of a very favorable business environment.
Stock is turning into a typical pump and dump. In early March they pumped it over 2 bucks, then the real fundamentals brought it back down to Earth. Its a penny stock for a reason. This industry has been making money and stock prices have risen, with the exception of GRO. You can continue to add to your position and if the economy comes back strong you may make a few bucks, but GRO is not a good company. Its down considerable and other companies like ADM will do so much better. As far as Long or short. If you cannot tell maybe its time to quit.