RE:RE:RE:RE:Question this morning?Agreed vulc everyone needs to do what is best for them and it is good to hear the viewpoints/ reasoning. For me, I have as much as I want tied up here now and while I won't sell any I hope we don't see $10 WEED....I would probably have to add more FIRE if WEED dropped below $.20?
If I sell FIRE here and WEED goes up, which I believe there is a very good chance it will, then I lose unless i have reinvested that green somewhere that would give me the potential that WEED offers, or better. I will just have the pennys on the dollar from the FIREsale and a huge loss with too much of a gamble for me to try to recoup at this age...with my track record at finessing, I would probably lose my azz so I will stand pat and play the safe route.
I am looking for plenty of info in the report and the tel con but not as interested in the balance sheet, as it changes nothing and we get the same number of WEED shares whatever it is. The share count, post conversion, is unsettling but based on today's close we will own a $31.22 stock with great potential....we retain our $value but have fewer shares. You are correct if you sell your FIREshares and WEED drops and you buy back in you would increase your number of WEEDshares. I am pulling for you and all the longs whatever your choice, here's to nothing but the best. JMHO...Opt
vulcan123456789 wrote:
if we sell fire and have the cash. time goes on and weed drops. we gain on the coversion rate.. more shares for the dollar..if we dont sell and the price keeps dropping we remain the same on the conversion.. so we are no better off.. your dollar value overal is reduced... if the price went up..the convesion remains the same as well.. the dif is our dollar value is much more.. you could sell some then.. getting in at the bottom of canopy is of no benefit unless we sold some of fire while its higher and then buy canopy.... this is the road im taking.. and should consider we could have a disappointing q or weed could also have a bad q.. theres always a chance the deal may not go through.. then our shares plummet to where it was atleast.... im just trying to reduce my risk.. each has to choose their own direction..jmho cheers