RE:RE:RE:Not a success unfortunatly The market dictates to FIRE not the other way around RG and FIRE is not ready to move anywhere on volumes like today. They are not ready for this stock to move yet and it could be for several reasons and/or a combination of some or all....will it be on an update from Dhaliwal in 3or 4wks on the current quarter sales or will the sector start to move up toward their 52wk highs, is it just September, etc or a combination of some or all?
It won't really matter until the MMs are ready to move this SP north and it may be they need a certain SP range for the ~$17mil warrants maturing in Dec? In any case there is nothing taking away from the quality and anticipated/potential growth of this company.
All the external forces aside I don't see any better upside potential or all round quality from any other in the sector today, so I will be patient and hold until it is time to sell snd move on. The best of luck to you and all whether you buy, sell or hold, JMHO...Opt
RealistGhost21 wrote: Well OG the market said otherwise today.
OptGreen wrote: Quite the opposite RG, very successful on all levels and the story is just beginning to hit it's stride. We will see much more from this company and the SP, much of it well before '21...all the MJ stocks I folow, including WEED, ACB, etc are trading at less than half of their 52wk high, FIRE is trading above, not to say these SP levels reflect the value of the company but rather the sector is down across the board.
The sector has to find it's balance as a new market and there are many issues with several in the sector but FIRE's only issue is to execute it's business plan and it is well positioned today to do that. There are many other forces impacting markets in general, with China, NOKO issues and now with Iran blowing up a substantial hole in much of the Saudi's oil production, a material chunk of the world oil supply...few markets like instability and especially a new unestablished sector like this.
If Trump can put a trade deal together with China and keep Iran in a box this will go long way to generally stabilize overall but there are many other issues that are hanging in the balance and enough right here at home!!
Even if things get worse, there will be more demand for some quality herb and the FIREmenu is the best around, and getting better, JMHO....Opt
RealistGhost21 wrote: As I tought it would be ... the market reaction is not positive. Not a surprise. IMO, SP over $2 not before 2021.