RE:RE:RE:RE:RE:What just happened ... I'm curious, why buy stock instead of debentures, knowing what you know?
The spreads are tighter in the debentures than the common so I'm guessing it's not liquidity.
It worked so congrats but I think it might have worked because someone took off some of the debentures trade so had to cover a short in the common. That's probably why debentures were down while the stock was up. You can see the volume pick up around the same time. Just a guess.
A hedge fund might be motivated to take some off if they are up on the trade as FIRE has traded off in the past few weeks while the debentures are flat. Or maybe their borrow got squeezed and they were forced to take it off. Doesn't really matter as long as the buyers of FIRE.DB aren't hedging.
Opt, the volume was actually 2.6m
https://www.stockwatch.com/Quote/Detail?C:FIRE
johnale wrote:
Ontario hit 150 stores today - even at 5/week - that's quite a march upwards.
Supremes original 4 are now priced to sell in Ontario. Each at under 10bucks a gram.
7g for 8.76! Even haze... saw a few posts from some notable reviewers and they agreed that that's probably the best deal in the market for the quality. This should be an every day smoke now - and not just a treat.
with supreme scaling to full production - margins should be healthy.
With new products continuing to come to market - and the debt dealt with by Tuesday hopefully - let's hope it's full steam ahead here.
- november election USA - weed legalization will be a topic
- volume should come back into the sector through October - coupled with some good quarters and forward guidance - I'm hoping we will see a healthy rebound.
- throw in a merger or acquisition in the sector and maybe things will really heat up.
going against all trading/portfolio rules - I doubled my position (in shares) over the last little while - still can't believe I did.
I'm thinking it pays well over the next 6-12 months.