Fire & Flower Holdings Corp P.FLW

Drifting lower

[PUNJABI]

This stock has been drifting lower more than the sector. The stock has become lifeless. Breaking below support levels.

During the last nine trading days, it had one up day only by one cent two flat days




The stock has broken below the 50--day SMA like the whole sector. But it is decline is a little more aggressive as it has failed to rally on up days like other stocks in the sector. This stock ran up on massive volume but in the last two weeks, the volume has dropped. There is a lack of interest in the sector during this period but a lot more in this stock.

One of the factors could be concerns about increased covid cases and restrictions. The announcement for the Nasdaq listing was premature. Did not give the timelines but has created an overhang on the stock. The second listing will increase interest in the stock but the company is not technically ready for it.  You cannot list a penny stock. This would require at least 2 or more times reverse split. History shows that the reverse splits are usually bad for the stock price as the stock usually drops further which and makes investors nervous.

The stock is becoming oversold now. RSI is at 36 under 30 it will start to generate an oversold signal. At lower prices, the stock may attract buyers. Some buyers will still be reluctant and may wait for a reverse split. The stock should have good support at 200 days sma which is under  $1.00.



Short Positions for FAF

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : FAF	2021-03-15	657,336	-143,295	242,145,080	0.27
T : FAF	2021-02-28	800,631	-93,115	232,114,180	0.34
T : FAF	2021-02-15	893,746	198,608	232,114,180	0.39
T : FAF	2021-01-31	695,138	-63,435	223,784,680	0.31
T : FAF	2021-01-15	758,573	2,593	211,754,800	0.36
T : FAF	2020-12-31	755,980	-59,605	211,754,800	0.36
T : FAF	2020-12-15	815,585	-143,816	211,754,800	0.39
T : FAF	2020-11-30	959,401	-433,489	211,630,731	0.45
T : FAF	2020-11-15	1,392,890	-106,129	166,986,920	0.83
T : FAF	2020-10-31	1,499,019	57,177	166,986,920	0.90

House Positions for C:FAF from 20210315 to 20210329

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
2 RBC	1,806,138	2,206,129	1.221	1,042,491	1,260,191	1.209	763,647	-945,938
85 Scotia	1,433,806	1,760,790	1.228	977,759	1,160,133	1.187	456,047	-600,657
39 Merrill Lynch	993,084	1,205,166	1.214	687,947	833,412	1.211	305,137	-371,754
19 Desjardins	307,509	353,067	1.148	45,222	54,127	1.197	262,287	-298,940
124 Questrade	274,241	331,093	1.207	146,649	179,665	1.225	127,592	-151,428
79 CIBC	2,294,410	2,789,521	1.216	2,192,995	2,646,400	1.207	101,415	-143,121
53 Morgan Stanley	102,620	128,071	1.248	4,045	5,212	1.289	98,575	-122,859
88 Credential	84,425	101,374	1.201	38,746	46,199	1.192	45,679	-55,175
89 Raymond James	15,611	20,318	1.302	1,627	2,062	1.267	13,984	-18,256
14 ITG	7,000	8,413	1.202	2,100	2,719	1.295	4,900	-5,694
57 Interactive	39,106	48,636	1.244	35,000	42,059	1.202	4,106	-6,577
212 Virtu	233,941	286,571	1.225	230,600	284,183	1.232	3,341	-2,388
22 Fidelity	43,000	50,068	1.164	40,000	50,603	1.265	3,000	535
59 PI	1,300	1,716	1.32	0			1,300	-1,716
28 BBS	970	1,221	1.259	0			970	-1,221
18 Echelon	100,000	127,000	1.27	100,000	127,000	1.27	0	0
84 Ind Trading	200	248	1.24	200	248	1.24	0	0
76 Industrial Alliance	3,000	3,645	1.215	15,785	19,183	1.215	-12,785	15,538
13 Instinet	192,552	240,296	1.248	216,200	272,212	1.259	-23,648	31,916
82 Stifel Nicholas	0			25,000	32,250	1.29	-25,000	32,250
33 Canaccord	94,991	115,699	1.218	132,632	165,231	1.246	-37,641	49,532
72 Credit Suisse	0			47,400	55,162	1.164	-47,400	55,162
9 BMO Nesbitt	620,444	771,416	1.243	681,432	845,859	1.241	-60,988	74,443
80 National Bank	871,147	1,054,567	1.211	983,066	1,182,685	1.203	-111,919	128,118
62 Haywood	0			126,896	160,883	1.268	-126,896	160,883
7 TD Sec	2,497,498	2,995,458	1.199	2,657,791	3,227,704	1.214	-160,293	232,246
74 GMP	0			674,400	796,013	1.18	-674,400	796,013
1 Anonymous	2,513,035	3,055,808	1.216	3,424,045	4,204,899	1.228	-911,010	1,149,091
TOTAL	14,530,028	17,656,291	1.215	14,530,028	17,656,294	1.215	0	3