Thursday, November 14, 2019 1:46:03 AM
Flower One is a best of breed cannabis stock that's being taken down by the overall industry and the short sided view of traders that are only focused on the headlines. They could care less about fundamentals or valuation and don't have the patience to hold a stock for more than 30 days. I doubt most even know what a multiple is. Pretty typical nowadays, especially for penny/OTC stocks that attract novice investors. I'm not saying everything is peachy, but the risk vs reward profile with Flower One is off the charts. What a great opportunity to buy a company on the cheap that has this much earnings potential, just incredible, haven't seen anything like it since the credit crisis.
Dollar cost average into it, build a position to your comfort level, and just be patient. You're basically buying an out of the money call option that won't expire. $0.68? I still can't believe my eyes. Patience will definitely be rewarded here, and when the madness finally stops, the companies with good fundamentals will rise that much quicker, and more than likely they'll trade at a premium.
Remember, Flower One just barely opened their doors, and what they've accomplished in such a short time period is amazing. This stock is still mostly unknown, and as time goes on, more and more people will take notice. Good luck to everyone.
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