GRND
🎢 Grindr experienced significant volatility post-earnings, initially dropping over 15% due to mixed results (slight current quarter revenue miss, but raised full-year guidance).
📉 The sharp intraday drop occurred on very low volume, signaling a lack of genuine selling pressure, which was a key indicator for holding the position.
💪 The stock staged a powerful intraday recovery as normal market volume returned, closing the day with a minor loss and demonstrating underlying strength and buyer interest.
@VisionariosBolsa:
“Grindr is one of the stocks we have in the classic portfolio, the classic Visionarios system portfolio, more momentum, more timing. It accompanies Oddity, the stock I mentioned at the beginning of the video, in the portfolio. And this week we’ve had a rise of 3.67%. The stock, as we were commenting this week in the Visionarios community chat, is a stock that seems not to make much noise, but day by day it goes up, day by day it adds up, and in the end, week by week it also ends up adding up and leaving you with incredible profitability. We already had Grindr in the portfolio in the past when we had this movement, a breakout from this Darvas box; we had this very good movement. Now we’ve done exactly the same thing again. Notice how we have the same formation again, we have the same breakout again, and we have a very good trend. But be careful, because if we go to the daily chart, we have a candle here that, if you don’t have things very clear, can make you doubt a lot. Why do I say this? Because on Thursday, Grindr presented corporate results. Those results were somewhat mixed in that the revenue forecasts for the last quarter were not met, by very little, but however, they increased the forecasts for the rest of the year. That is, they had mixed results; they said, ‘Hey, this last quarter didn’t go as well as we had predicted. We invoiced 2%, one-point-something percent less than we expected, which is not a big deal, but be careful because for the rest of the year we are going to invoice more than we were expecting,’ meaning the next quarters are going to be superior. Remember what I’ve always told you: the market is a machine for discounting events. There comes a time when the market doesn’t care at all what you did yesterday. So, yesterday you didn’t meet forecasts; I don’t care if you’re telling me that tomorrow you will. I am somewhat discounting those future events. That’s what the market is about. What happened after these Grindr results? Look at the drop we had. We were down more than 15% in the movement we had, how we got down here. But what we could identify in this movement, and obviously we are still in Grindr, even after this movement, is that this movement was without volume. In fact, in after-hours it already started to fall a lot with the market closed; we saw there was no volume, even in many moments Bids and Asks were not accompanying, it wasn’t a real movement, and this is something super important to identify. In fact, in this case, what I can be most proud of is that it was the Visionarios themselves in the community saying, ‘Well, there’s no volume, Bids and Asks very separated, it seems the movement is not real, this could recover.’ And, in fact, I myself commented, we could have a vertical recovery movement just like in the previous results, when it fell quite a bit and then recovered, and in this case, the recovery happened on the same day. In fact, the market opened, there wasn’t much volume in that drop we had seen in pre-market, and quickly the stock recovered very strongly. Therefore, when you understand how the market really works, when you are able to identify this volume, what’s happening with the volume? In the end, it’s what’s indicating how much money is coming in, how much isn’t, is there distribution, is there accumulation, what are we seeing? When you know how to identify it, you can be calm because you really know how to see what’s happening in those movements. Notice how Grindr finally closes -1.8% and leaves us a brutal recovery candle. Once the market opened, once normal market volume came in, the buyer obviously appeared, and we ended up recovering that whole movement. So it leaves that kind of scare, especially for those who didn’t understand very well what happened behind this movement, who might have gotten scared, might have made bad decisions, might have sold, might have done whatever. That’s why I say it’s so important to know how to identify these things. Of course, we are within Grindr; we’ll see how it does in these coming weeks because a little consolidation in these ranges wouldn’t hurt it at all after this strong, vertical rise it has had in recent weeks. Same as I commented on Oddity, consolidate a bit, wait for the 10-week moving average, and sort of accept that movement.”
Watch the exact part of the video where @VisionariosBolsa talks about Grindr Inc. here:
Watch the video on YouTube
Read more articles by the world’s top 100 analysts on Grindr Inc. (GRND) at the following link. GRND stock.
