RE:RE:RE:rockets
@BigInvestor! Nah you're missing nothing; your comment was solid! thanks for the chuckles.... I added what I added at the end of my comment to try and sum up the impact of emotional investing while mentioning what matters when trading: $
To Lily et all : I decided to remove my sell limit order as I was typing my initial comment this morning. Like you all I have been non-stop thinking about this.... I do not invest with my emotions; thanks Torc Oil and Gas and Birchcliffe! Oil market still lighlty supressed and oil demand will be around for more decades to come. I love the earth, I also love not working a real job.... up until 2013 I spent the previous decade at a bank primarily high volume residential mortgage sales. If your question was how to smoke without stinking your house up - well I like the smell and don't have kids so... but for my neighbors I tend to lightup in my den with an air purifier good for twice its size or the balcony. Vinegar in bowls around the house in discrete spots can help neutralize the air, there are also 'air sponges' but those can get expensive. Or be quick: Get a paper towel roll and tape (duct tape of course) a couple of bounce sheets to one end and exhale through it. But as mentioned to everyone I allowed myself to get waaaaaaayyyyy overweighted with fire:ct - Shoot I bought 140k more on the 7th as I decided to take my gains from a few other stocks when the new Ontario lockdown was looming and it was just sitting there, so thinking what to do with the $ and well our next ER is around the corner and I legit stand by all that I said about this company since joining this board so I added more because I felt a 20% gain was easily obtainable provided we showed increased retail sales in 5/6 weeks... 20% so .265 to .325. That is a realistic target for these guys with potentially more; all on the ER... But this morning when thinking about things:
1- I am okay with converting and reassessing. I can always sell after and right now just keeping fire:ct and converting nets me 5% -
2- I sold just over half as of now - I remain overweighted, diversification is an important rule but I believe fire:ct will not be dropping below my average purchase price. Take some gains now, start diversifying more. See what happens.
3- Grapefruit imo is a game changer - I was hoping Supreme somehow swooped in and made it happen like a Ninja in the night... They had from my guess the equity available for it but I could be wrong. A Canadian company is attempting to buy them. WHO? Canopy has FirstNations agreements right now and there was a snippet in Grapefruit that mentioned this. I am unaware if Supreme works with any FirstNations though I am sure there are more than just Tweed that do. This is happening in the next month. Around the same time as our ER was scheduled for.
4- If we show improved recreational share, Tweed will benefit from it. As will we - Tweed goes up our conversion gets us more. It does not matter how much just FIRE:CT is trading for - what matters is the muliplier on the transaction - 0.0116587652? (off memory) - Calculate what stock has the higher value. weed:ct * multiplier = what you should sell fire:ct for to break even on the transfer. Right now fire is 0.023 under tweed so wait unless you want to buy different stocks and need the money or you think weed:ct and fire:ct will both drop and you do not want to lose your recent gains. But they both have to drop. They are not necessarily married, we are just 'dating' right now. If for some reason doubt about the deal comes up than it will seperate. Or if another company comes in or there is a sniff of such we jump and they stay back so....
5- If fire:ct shows increased retail market share or atleast solid #'s + Grapefruit = big jump on weed:ct therfore we get better return - $55 canopy is equal to .64 fire or another 55% gain from yesterdays close. So if we show good numbers and grapefruit happens it could spike tweed well past my .48 initial limit so I just removed it. May set for .70 later as that is $60 on tweed... I personally do not like tweed but investing isnt about liking its about making money.
6A Again I sold off a chunk due FIRE:CT being greater than 55% of my trading accounts. Higher with the recent jump in price. This is high risk, some say foolish, I say calculated risk. Tweed is a new variable that can not be quantified, just pure speculation. It could turn out really well or really bad. I will happily risk recent gains I just wont be using 75% of my investment account for it.
6B What I learned so far in the last 8 years or so pertaining to the Cannabis market, mostly watching on the sidelines until 2019 fire:ct, is at the moment all that seems to matter is hype. I do not like investing in fomo so I stayed out of cannabis until I thought I found a company with an amazing product ready to start to take off and well its been a ride! I am in a few penny stocks but they are more or less of the legit make money type not the company operating a mine in timbuktu promising the world (like cannabis). I do not do bitcoin either for that reason. Can not project future sales. fire:ct was on the verge of being a breakout company in the industry. One with real projectable figures in the pipeline... sad. Now we are back to making ebitda by end of 2022! Make what I can from tweed over the next few months, get my USA jump and dip on out.... I do believe there is a realistic possibility of tweed getting back to the 60 marker due to USA hype and Grapefruit could potentially provide that catalyst prior to the Feds approval. That is just a month or so away. So screw it FOMO time. I hold AC for that reason and will dip out around 40-45 on those guys. FOMO investing is stupid risky, as you need to find the stock before the hype comes, but so are penny stocks....
Have a great day all!