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Seeking Alpha just laid out the facts on SPRWF
I’m @.26913 average now. Adding. On the next run, I’ll trim some to lower my average if it jumps. I’m on both sides of the trade with limit orders.
If I can get a good size # of shares, 100k+, around the .15 or lower, I’ll feel better.
I think we have the time..
If it runs on momo and not pot news from Congress, I’ll flip 50% and pray it comes back down for a reload.
For now, looks to be heading down.
The story has only gotten stronger in my opinion
I'm in the CAD one, $FIRE.TO. I was in at 0.42, averaged down to about 0.35
Incredible that a profitable company with 60mil cash on hand ready to enter the US market or do whatever they want is going into the red...
Mind bottling!!!
G
I see I snagged my fill of more .23s
Next fill is .21
Then .1899
It’s front load time. Anything below .23 is a good catch.
We’ll see if that remains a solid bottom over the next 2 weeks
So long as volume stays respectable, this dip is a God send.
Goooooood morning Links!!
Reddit thread:
https://reddit.com/r/SPRWF/
Stocktwits now 4,500+ Followers!
https://stocktwits.com/symbol/SPRWF
Twitter Live (You don't need a Twitter account to check it out!)
https://twitter.com/search?q=(%24SPRWF%20OR%20%24FIRE.TO%20OR%20%24FIRE.CA)&src=typed_query&f=live
LOL! We have memes now!
https://www.reddit.com/r/Baystreetbets/comments/lnsh7a/inside_supreme_cannabis_company_hq/
Are you talking about the money they raised with the stock or warrant offering if so yes. They didn't need the money they have enough. So you got to ask yourself why. I think it makes it harder for someone to try and buy them out I could be wrong. But I've been here since Sept 2019 and I'm not selling any more. Will add if it drops below .17. Will not sell until we get to .85 and just a few more.
Did you dismiss the O/S?
With the earnings I think we should be at least $1.75 to 2.25
It's a decent area but for me it's got to be .23 for me to even think about adding since I sold 10,000 at .247
No ...
Has not hit annualized sales of $100M yet.
Outstanding Shares 651,185,171 01/29/2021
Two strikes, but I am interested.
Should be trading around $1 to 1.50 right now....and will get there very soon..I still think it's a great candidate for takeover...
I am going to hate myself, but I will look the other way (shares
outstanding) and take a peek at last quarter's financials.
Then I will listen to the interview with the new CEO.
Is there anyone out there who is brave enough to compare Supreme with Hollister?
NEED 1 for 4 reverse split
$1.00 share
150,000,000 shares outstanding
Take over target!!! I won't be surprised if taken by SNDL
Stock too cheap to be ignored in terms of revenue growth and profitability....
It’s on the bloated side, but I’ve cashed in on much worse. And I mean way worse.
I’m not married to this. After all the $25mm they got is in Canadian dollars. That’s toy play money. Is it even real? We give it to our kids to play with..
Couldn’t resist.
May game plan is to load as it trends lower till the US Congress pulls out the diversion pot talk again. It’s going to happen. In fact it has to happen. I set my sell limits the moment I get a buy. Half out at my first 100% gain to get my original cash out snd hold free shares. How ever long that takes.
So selling 50% to gain 50% shares free @ zero risk is my Bible play in penny stocks.. I’ll go as high as getting 75% out at a lower price and hold 25% free at zero risk. But what you want is to dump 1/10th or smaller of shares to get your original out. Hold as many shares, zero risk as the story grows. It’s penny land. 200% in a day is not out of the question. I’m looking at this hitting above $1 this year. So if I can build 500k shares on this down ward trend, I’ll sell 50k shares to get my seed money out at my price. I like their story. I think they have long term potential.
If I can find a better US based pot play poised to expand all over America with better share structure and product, I’ll roll. The US can restrict Canadian pot coming in with this new move. That’s my only fear. I want in the US market. DD pms welcome. I’m just getting into this space now. I’ve shyd away from it this long. Too many penny scams poured in with Colorado. Cheap beer and cigarettes were still a better play. Safer too. I figured this day would come.
And I’m sort of stuck on income till 2022. I’ve already hit my projected $400k mark on the year, and it’s only Feb!! I’m not paying any A-hole 70% taxes. So my motivation is way more long term than most.
I should have this casino cash account in my IRA.
Can't handle the O/S count.
ETF (PRE MARKET) (LIVE)
HMLSF 0.00 +0.21 +0.39
MJO 0.00 -1.96 -1.93
YOLO +0.63 +0.44 +0.86
CNBS +1.36 +0.48 +0.94
MJ +0.35 +0.50 +0.89
MSOS +0.94 +1.13 +1.68
Just hit another 10k to lower my over all average. I bought a good amount @.335 that I need to work lower. .29 now. Not bad, but I’ll do better over the next 3 months..
US Congress needs pot. Now more than ever..
Volume remains strong in here.
We made it to the Free Cannibis Thread.
https://investorshub.advfn.com/boards/boards.aspx?cat_id=178&page=4
Maybe get some Ihub eyes on this.,
NEWS: Supreme Cannabis announces closing of $25.9 million bought deal public offering including full exercise of over-allotment option
https://www.otcmarkets.com/stock/SPRWF/news/Supreme-Cannabis-announces-closing-of-259-million-bought-deal-public-offering-including-full-exercise-of-over-allotment-?id=290610
CRAP!!!!!!!!!!!!!!!
Outstanding Shares
651,185,171
01/29/2021
There you go!!
HEY!! I have a story from the Midas Letter with an interview, CEO Supreme.
I am interested!!!
Women CEOs have been known to do well in the Cannabis space i.e. Trulieve.
This will go back up again so if it's drops more I get a chance to buy back shares I sold cheaper.
WorkSport
It gave me a few huge BIDs in here.
The way it’s trending, I’m on the .20 line and below. Too much selling pressure to slap. But will slap on news.
It’s like fishing. Patience.
What stock was that
I just woke up to $175k gain in my other play.
Was hit with a few trade confirmations. $30k before I get my morning coffee.
Holy cow.
Where should I roll a few today?
I’ll throw up a big BID in hopes of catching a weak hand or two.
Profitable company now, means funds being used either for an acquisition or expansion. It's a good thing.
Can someone explain what this deal means for us stockholders?
Why did Supreme just get a trading halt? no news on IIROC but is on https://otce.finra.org/otce/tradingHalts
.23 to .24 good Area I still have lots of shares in the money just not going to sell. I peeled off 30,000 Shares had 110 thousand. Spread it out in a couple of movers. But will only sell shares if I make 200% on shares being sold. Held since 2019 not going to give them away. And will add when I can buy them cheaper than I sold. We are in good shape now with Supreme it's a keeper now that Earnings has turned positive.
.23 was my starter. I wish I had gotten more there.
I won’t add until it’s below that.
I’ll continue to average down till News or a good momo run for no good reason. Then take some off the top to reload the pull back.
When legal American pot hits, your going to want all the shares you can.
That's what I think but more like .27 to .24 loading area for next quarter.
Also I hate investing when Friday pushed up stock prices and then you have a Holiday on Monday usually causes Prices to get artificially Inflated the Day after a Holiday. So be careful on Tuesday Morning. I have seen this happen every time. I know it's a long weekend and everybody is anxious to get back in. So waiting till later in the day or next day is best advice.
I’m blown away the Impeachment is over. I was thinking we were going to get the next 3 months of BS witness drama.
That’s good for us.
Congress needs pot to divert this Impeachment embarrassment.
Pray that chat cranks up.
We fly.
I’m loading any thing below .30
I set 5 limit buys scattered down there.
If news hits, I’ll cancel and slap the Ask like a drunken sailor again.
I think SPRWF is the best Play to add on dips under .30 cents till next Earnings Relese 3 months to accumulate again. Only on dips. They had great earnings quarter and I expect the same next quarter.
Looks like the real play today was "let's make ALL but 1 or 2 weed stocks except OGI and less than a handful of others drop like flies today".
Look at the weed stocks today and their prices today, pretty much most bled RED.
Market manipulation and a little bit of selling before the long weekend since the stock markets in Canada/USA are closed on Monday is what caused this.
Just my 2 cents.
Oh god, what’s happening here?? Any bad news that cause this fall?
Looks like we got the “sell on news” in play.
I’ll just add more snd work on lowering my average.
I still think big gain events are in the close future.
If my other stink pink plays hit, I’ll roll those gains in here as it trails down.
Question now, will this stay above .30
Then we can question .25
I like this story
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178A Ossington Avenue
Toronto, ONT M6J 2Z7
Canada
A glimpse at Supreme's most recent harvest !!!
The 7ACRES facility is FULLY FUNDED and the "Phase 1" of bringing more grow space online is underway!
Press Release below:
Supreme Pharmaceuticals Closes $55 Million Offering
http://www.supreme.ca/news/company-news-releases/press-release-details/2016/Supreme-Pharmaceuticals-Closes-55-Million-Offering/default.aspx
http://www.bnn.ca/video/supreme-pharmaceuticals-ceo-why-i-ll-sell-to-other-pot-companies~1020399
https://www.youtube.com/watch?v=KB2GDHDfb8A
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