Post by
leopold99 on Apr 10, 2019 10:02am
Fire
I finally met Jean-Guy, really chill guy and smooth as can be. I now understand what the fuss is all about, he is a rock star! A little time on my hands so I tought I would write down why I think Fire will be a shinning star in the MJ bussiness. I was talking to a buddy who thinks when you make money on a stock you should just sell and walk away, profits in pocket. I wont be going that route for a little while. So I tell him the mj sector is about a few big names with astrocomical market caps, billion dollar companys with million dollar revenues. "One reason to sell" he says they will just peter out and turn into nothing companys. I say yeah but they where first movers and they might get there mojo on one day. They have long term projects and deep pocket backers and a lot of square footage to produce big volumes of product. They are in a to big to fail mode I tell him. So he says if you had stock in those big names would you still be holding them? .... Ahhhh, I think not, since I am a retail investor there would have come a time when the money would have just been to much to leave on the table. A couple of million still goes a very long way in my book. Ok he says, so just sell now and be happy with what you have. Hmmmmm I hear you, but now let me explain why I am still bullish on Fire. 1. Holding for almost 6 years and reading about the sector and learning a great deal about what is actually going on. Saw some companys balloon into giant money machines for early investors, was hoping for it to happen to me, Did not "choose wisely grasshoper". What can you do... 2. Getting back to Fire, the market cap is improoving with tangible milestones being reached: $ Product is second to none Fire is number one. That actually goes a very long way with customers who pay top dollar for the best. $$ Revenue is growing $$$ high probability of getting to Nasdaq or NYSE When we get to a certain level I will sell most of my shares and have a very comfortable second retirement!