Stockjayz wrote: If the financials are amazing as users are saying, $FIRE.ca will be up BIG time
Why do users write "its Reddit" it'll fall with all Cannabis stocks?
Do you even know why Cannabis stocks are rising? It's got nothing to do with "Reddit", is has to do with fundamental of each company, the category there in, the upside potential, how well they execute.
Cannabis stocks are up because in the US, the Democrats want to legalize it federally. And if they do, which opens the US markets, stocks like $FIRE.ca will be SO well positioned as a supplier to them, plus they also supply Shoppers (due your due diligence bro, please).
You can make a better case than that not to buy the stock but to blame "upside" on a Cannabis bubble of $.40? Fire.ca should be at $10 a company the same way Tesla is $800+ post 5-1 split, which is $4,000 per share.
$.40 stock that has great, real, potential to explode and perhaps go up to $200-$300 if earnings are better than expected and they keep getting better and making more money as a company. That experience is priceless. It might take time to get to $200-$300 (including buybacks of shares, but management will do that when the cash starts rolling in, and when it does, it will fly even higher . How often can people get into a stock of this much potential for $.40?
I think again, if earnings beat (and I personally think they will more than expected to the upside with COVID). The stock could hit $10 by end of February. If Redditors got involved in a buying frenzy, it could hit $300 (which would probably make it a better value than Tesla still).
Buy! Buy! Buy! Buy! Buy! Buy! Buy! Buy! Buy!
until $10-$20 short term (6 months or under), and then reassess.
if any Redditors read this, you can post this on any subreddits and thank FitRecognition5037 on @Reddit.
Thanks my fellow investors and I again, my strong opinion is FIRE.ca is a #SuperStrongBuy (not just strong buy )