Supreme Cannabis Company Inc. (The) T.FIRE

Green stock on a red morning

[Gilbert90]

FIRE is one of the few green (+3,6%) on a sea of red this morning.  If the cannabis market regain strenght, it wil be a +++ for FIRE but I don't think the cannabis market rebound is for today or Friday.  So I will be happy to see FIRE closing around 2,30-33$

[theTransporter]

We may see all stocks light up green later today as SPY is pushing green today.  Should the rest of the industry go green, FIRE will be pushed deep into the $2.30+ territory.

[Gilbert90]

theTransporter :  For me, if all stocks light up green later today as SPY is pushing green today.  Should the rest of the industry go green, FIRE will be pushed only around 2,33-34$ no more.  But I hope that you prove me wrong.

[maritimedreamer]

wondering if the ask pressure is from profit taking more then shorting today? (looks like US side is pretty low....) thoughts anyone?

[Go0B3r]

Profit taking, paper changing hands, some short squeezed from the looks.  Healthy activity in my opinion, would not have been good for this to gap up and go parabolic for the long term health of the stock.  This is good consolidation on news, and represents a more stable market as appose to the fugazi we've had in the last 3 years on most of the potstocks.    I would

[Gilbert90]

MD If you look back at the August 30 to Oct 02 and Feb 01 to 05, you will see that especially during the first time period (sept) you had huge volume ranging for the first week of sept. from 3 to 9.3 Millions shares a day at a price hoovering over 2,26 most of the time. And like some here got caought of guard on Oct 15. A lot of shareholders who weren't able or thought the price would have

[maritimedreamer]

thanks gilbert! i would agree..... i think there are a few that tried to jump on supreme for a quick flip and got burned.... so as soon as thye see a hint of green on their pages they are selling. When you said you don't thikn fire will be getting over this wall? do you mean today? short term? or ?  Alot of shares to be changing hands..... i'm fine with waiitng..... just happy we are

[Gilbert90]

MD : ...When you said you don't thikn fire will be getting over this wall? do you mean today? short term? or ?...     I think that for today and Friday FIRE's S.P. will have very hard time to move over 2,33-34.  Transporter sees the price deep into the $2.30+ territory.  I don't see it today maybe next Monday. But on medium term. I don't see how it is

[maritimedreamer]

Thanks gilbert! Yes i would agree with you.... i suspect it will be a challenge to get through the 2.30$ mark.... but maybe i did not read ocrrectly... because at the beginning i thouhgt you were saying it won't ever go over the 2.50$ mark..... but i just had to read your post another time..... that being said... yes i think Supreme is one company that has yet to have its 'Day'.... and

[Gilbert90]

MD  Don't worry, it will get over 2,50$ if you can get a hold of the BMO coverage report (Tamy Chen) it would be good for stressing out  (just kidding) about FIRE'S Price on medium range.