RE:JUST BEING HELD DOWNThe MMs have been having a hay day with the sector Vulc, because of all the hype on litttle to no substance to justify the highs is the case for most....WEED, ACB et al are down to ~25-30% of their highs because they can no way continue to provide the numbers to substantiate those highs and if it is possible it will be some time in coming. FIRE on the other hand hit it's high for a day or so and was brought back down, with plenty of shorting along the way ever since.
The bigeest difference being that FIRE is just starting to produce the quantity of product to justify and substantiate a move north for the SP and as they meet guidance the SP will hit it's all time high of $3+ and continue north from there on strength and the ability to maintain and grow those SP levels over the next couple of quarters.
FIRE's current menu sells out when and where it is on the shelf, the suppy of product to justify $3 is just about to start hitting the shelves and as production is ramped up, new products in the pipeline like KK herb, Pax vapes, Euro CBD/ wellness will provide a solid foundation for sustainable SP levels north from $3. Right now there does not appear to be many others that are even close to a level of maintaining any where near the volume and net margins to come close to their highs...it is not FIRE that is correcting!!, JMHO...Opt
Vulcan wrote:
at this point it seems obvious that the share price is being held down.. its clear the sell keeps getting filled in.. then the block at .70.. someone doesnt want this to go.up too fast.. they are still trying to grab on the cheap... jmho