RE:for the longs that are still underwaterSamRothstein wrote: I know there has been a lot of chatter about WEED sucking etc. especially from the FIRE longs that are still underwater. But I do believe that at current prices, WEED stock is undervalued and is going to go up. Bruce Linton said in interview (i'm sorry i don't have link) that he recently added to his already considerable WEED position in the low $30's because he knows it is really undervalued at that price. So if you are underwater and don't want to take a loss, then just let your FIRE shares be converted to WEED at the deal price and then wait a bit. The MJ industry is now in consolidation phase and the stronger bigger players will continue to grow organically and through acquisition, and I don't think there is anyone that doubts that WEED is in a dominant position, especially with their cash position. WEED also has a much bigger shot of competing in 10x bigger US market when that opens up. You also get possibility that Constellation buys out rest of company. And while I know that things were looking up for FIRE and some would argue they should stay the course, this deal does remove uncertainty and risk, the inevitability of a share consolidation, etc.
Thanks, this is helpful, I was wondering what to do and what would happen if I just let it go to Weed. I have some shares over $2 and some as low as .20 but still under water.