RE:A simple strategy...Agree for the most part 9F, with the exception of the degree of gamble for this sector or this company....the cannabis product is as old as dirt, this is not brand new market like the .COM for example, it was a ~$10bil black market going concern from the start and the legal rec will see a significant increase in sales when folks are not breaking the law when indulging in a little herb when they wish. Add the already significant growth on the med side, with far more to come as the R&D coin ramps up.
The company is in the correct area of the sector with premium quality product at scale and cost of operation from seed to shelf, with very little to no significant, ligitimate competition and with the team in place that have all the tools to bring the company/ business plan to fruition.
Your cautioning of stock investment and all of the bullshite that goes along with it is well taken and spot on, as I have experienced enough of that dark side over the last 20+yrs. While I do not plan to be selling FIRE any time soon and with no guarantee of the future I will be keeping a very close eye on all matters concerning the company and market for the days and months to come....and intend to sell at much better SP levels, all the best to you and all for the same, JMHO....Opt
9Fingers wrote: After countless hours of research, in-depth analysis and market review, I've established the following:
- No one knows anything. That's right. Not one of us on these boards knows f*ck all. It's a game of chance and of rolling the dice. Sometimes, things go up (and then our friend Tom Harley is nice and quiet), and sometimes things take a dip (which of course inspires Tom Harley to be the positive beacon of sunshine he normally is)
- HOLD and don't be swayed by the day to day emotional bullshit. Time & Patience should be your best friends
- FIRE may be junk or it may be gold. Again, it's too early to know anything. Fundamentals look good, grow rooms look good, product is great, etc. That being said, there are many unknowns and we're all in uncharted waters in this industry and are hoping for good things
- Just because people have made money over the past 3-4 years on all this hype, it doesn't mean they're any better than you at the stock game or that they have some magical insight that you don't. It's called LUCK and TIMING. Some stocks shot through the roof (for no real reasons), others faltered completely and some are slowly but surely making their mark based on solid company ideals and fundamentals
- The market is gambling. Sometimes you're up, sometimes you're down. PERIOD. It's not realistic to think you can buy in at the absolute lowest price and then sell at the peak (which some people claim here to have done on multiple occasions). If you have that kind of crystal ball, you should be retired right now in your mansion and not f*cking around like a fool on a stock blog
- Haters gonna hate. Ultimately, your money is your money, and you need to trust your gut. Obviously, I'm a big believer in FIRE (and have been for some time) and hope to see it explode to $10+. It may happen in the medium/long term, or things may take a turn and we might lose all our cash. Don't be swayed by the games, the bashing or the pumping
Just some thoughts. You may agree or disagree, but I know we're in this together and only want good things for this company (and ultimately, for our bank accounts).
Good luck everyone