RE:2017 Paper pressGreat White
In my 25 plus years of trading I have never seen a company issue so many options and warrants in such a short period of time. If it was on any other exchange what chance would they be able to print that much paper?
However the market does not seem to care much about the past mistakes of many companies. For now only the new story and the dream of 1000% returns.
I am not short NF and enjoyed the ride from .14 to .345. This market is absolutley high as a kite on evaluating weed stocks with next to zero income. In my opinion this stock should fall back but I would not be surprised if it did double again. Lets face it you got weed plays evaluated in the billions on overinflated, bloated possible future revenue?
In this nutsy market NF could go to a $1.00 easier than back to a dime depends on the promotion. This is a promoters/brokers dream market and the promoters/brokers are in control, not the little retail buyer.
I am out of NF for the moment but that does not mean I won't buy back in (to a busy story).
Good Luck to all.
PS: When the weed stocks fall out of favor look out below but until that time there is alot of money to be for the making.