RE:EarningsIf the next earning report is good it doesn't matter if the SP go up or down. I Will increased my position substantialy. But i am realist that SP must stay under $1,69 until Dec 13th and after under $2,40 until Dec 2021 in order to reduced the dillution from an theoric total of approx 464 millions share to approx 405 millions share outstading. After that it should be Eldorado. Supreme is a long play.
OptGreen wrote: Earnings and net margins are going to determine SP sector wide going forward, ACB, WEED et al are all trading near 52wk lows...as it should be. FIRE will rise or fall based on the nunbers in report due any day now and from here on which will be the yardstick for the sector.
The manipulation will purge the weak and end for the most part for those that generate the revenue with profit realized or soon to be realized...real profit none of this EBITDA light shite. This process is necessary and it will be sink or swim for all going forward.
FIRE has not lost any more ground than the rest so far and has been right up with the best with daily volume the last few days, along with Morningstar increasing rating to 4stars. This would suggest that results going forward will meet or exceed Dhaliwal's guidance, of which will should the best % gains in the sector and subsequently the SP. It looks good for FIRE and those that own and should start with last quarter report out in the coming days, JMHO...Opt