For those who get it done,
The recent downtrend may be a result of erosion in other hardware manufacturers or simply profit taking but I don't see Grainger going anywhere. This is a great gap of liquidity that was waiting to go long and I will be seeing a bounce in the next week.
From what I understand their ordering platform is great and unrivaled that of their competitors, technology superiority in ordering and inventory management will continue driving business forward and that may be a reason this stock is almost $1,000 per share.
Don't believe me ? I am sure you can ask any place that orders mechanical components and tools to find out these guys know what's up, have internal feedback on their negatives ? share it below.
Happy Trading,
The recent downtrend may be a result of erosion in other hardware manufacturers or simply profit taking but I don't see Grainger going anywhere. This is a great gap of liquidity that was waiting to go long and I will be seeing a bounce in the next week.
From what I understand their ordering platform is great and unrivaled that of their competitors, technology superiority in ordering and inventory management will continue driving business forward and that may be a reason this stock is almost $1,000 per share.
Don't believe me ? I am sure you can ask any place that orders mechanical components and tools to find out these guys know what's up, have internal feedback on their negatives ? share it below.
Happy Trading,