GRI has bottomed - turn around soon?I hate this stock and have only lost money on it. That said, it seems to have hit the bottom and is forming a decent setup for the next move. GRI expects to report preliminary Phase 2 results in Q1.
GRI trade ideas
GRI might be a bottom fisihingVery abnormal volume for the last couple of days, including today. Something is up. Please risk only the amount you are willing to loose.
GRI Bio periodic pumps
GRI Bio recently underwent a 1/30 split on April 24th, accompanied by a merger/restructure of Vallon Pharmaceuticals. The stock price immediately tanked approx. 50% in the following days. The price has held above the low of $5.50 on April 26th for over a month. Based on past performance, this stock has a tendency to jump 30 to >200% in a single day. GRI Bio has touted the merger and restructuring will bring "near term" value to stock holders, and perhaps a catalyst will emerge in the coming month(s). I think this is a safe long with stops at $5.50 or thereabouts. A jump to $10 or higher seems reasonable, but will likely retrace immediately.
