GREY:FFRMF - Post by User
Post by
mathandmasson Apr 02, 2019 12:43pm
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Post# 29570699
Good buy turned goodbye
Good buy turned goodbye
I will be honest, I held it for a while but sold today at some loss and FFT is off my watchlist. If you look at 1 year graph it's sad: 4 short rallies, down-down-down the rest of the time. You are hoping to catch one of those spikes but probability is not on your side - there were only 4 on 12 months and each was smaller than the previous one, so if you catch it it will likely be just to get out unharmed. Trading at October 2016 levels now. Bleh. The risks with small time producers are just not worth it anymore. The industry has separated the winners from the losers already. The winners have real revenue, multiple sources of it and international footprint, access to cheaper financing options and considerably lower price per gram. The small potato guys are still talking about the future like it's 2016. Some will be bought out but the big boys don't even pay premium for acquisitions anymore. 80% of weed stocks will probably not even be trading in a year from now. The bubble clearly has deflated.