RE:doing wellWell, doing well with a twist OD....with ~10% of the facility under crop, and ~80% of that yet to generate any revenue, the SP is still not a panic especially with all the 'blood in the streets' both here and in the US markets....FIRE is in a much better postion than most in this sector and the mrkets over all.
The tin-pot dictator tactics just starting to be exposed in the US sent the DOW down 665points today could potentially do a lot more damage to markets yet...including ours? This will end up much better in the end as they drain the swamp and make necessary corrections/ changes to the goverment and governance....but in the interim there could be much more pain?
At times like this I always wish I had sold at $3.50 and was buying back in at these levels and lower....but hind sight is always 20/20 so I will wait it out deciding whether to start selling at $5 or further north....but I would rather be holding FIRE now than anything else, in any sector, JMHO...Opt
old_dog wrote: Volume is not ballistic.....pretty sensible given the narrative of.....OOOOVVEERRR PPPRRIIICEEDDD SHHHARE PPPRICES...the audience pushes to the back of their chairs in ABBBBSSOOLLUUTTTE HHOORRROORRR....
Question is ....is the market that over bought!!!!!...some stocks might reflect a degree of loftiness...but in view of potenial sales and the fact that Canadian companies are going to do extremely well when this goes legal I'd say there is a lot more room to adance share prices higher and still be able to sleep at night.
Lets fact it the old P/E ratios have just about doubled in the last 10-15 years...so what was a 10 P/E ratio for a given stock in a industrial sector has ballooned to a 19-21 P/E ratio and many analyst are content with that today.....10-15 years ago it was a SEEELLLLL....too lofty for anyone.
Cannabis shares are in the wash rinse cycle right now......a lot of shares to move around into many accounts once they get hung out on the line to let the ink dry they'll comae back stronger and a lot of folks will have been fleeced of their profits.
stay long...it's a quick storm but a nasty storm to some more than most.....the sun will come out again pretty soon..
old_dog