Valuation is as low or lower than what it was before Washington and Alaska legalized MJ.
That doesn't make sense. With these two additional states and Oregon and Washington DC on board, the stock prices should reflect the increased business opportunity. The business seems legit. Price significantly undervalued. IMO
Exactly as I said. Four cent drop at end of the day. These early day head fakes are so obvious.
Notice that when price goes down, it goes down breaking through resistance like knife through butter. But when the price goes up, it is "kept" below resistance. Each time price drops, there is a level that is built to create resistance so that price move up hits a snag each time. This is intentional as big money holds a grip on FSPM and the entire sector continuing to short. I'm in it for the long haul but still painful to watch as the price continues to bleed.
Same routine played out repeatedly. Pure manipulation.
Price is taken up in the morning (sometimes spiked up almost double like today). In the afternoon, it is always taken down lower than previous close always closing lower. Complete manipulation with very low volume. Completely being manipulated.
It is too late to buy FITX. It has climbed too much too fast. Primed for a big pull back.
If I lived as close to Fusion as you do, I would have visited Fusion and checked out the business to try to get a sense how they are doing.
I'm not necessarily talking about now, but the entire sector has been hit hard close to a year now after the initial euphoria when all MJ stocks soared. Big money took notice and has been and still is behind the downward pressure of the entire sector.
Dr. Vivek Murthy, the nation's new surgeon general, says that marijuana "can be helpful" for some medical conditions, and wants science to dictate policy on the federally banned substance.
"We have some preliminary data that for certain medical conditions and symptoms, that marijuana can be helpful," Murthy said during a Wednesday interview on "CBS This Morning" in response to a question about his stance on marijuana legalization.
While Murthy didn't take the opportunity to endorse legalization of marijuana for medical or recreational purposes, he did add that he believes U.S. marijuana policy should be driven by science and what it reveals about the efficacy of using the plant for medical purposes.
"I think we're going to get a lot more data about that," Murthy said. "I'm very interested to see where that takes us."
Murthy isn't the first surgeon general to question U.S. drug policy. In 1993, Joycelyn Elders, the surgeon general under President Bill Clinton, said she believed that legalizing drugs in the U.S. would "markedly reduce our crime rate." Then in 2010, Elders called for the legalization of marijuana.
Other high-profile doctors have also come out in support of #$%$. Sanjay Gupta, CNN's chief medical correspondent and Obama's first choice to be surgeon general when he first took office 2009, produced two documentaries for the cable channel exploring the benefits of #$%$. Just last year, Gupta told HuffPost that he thinks the federal government should legalize #$%$.
In January, the American Academy of Pediatrics called on the Drug Enforcement Administration to reclassify marijuana as a less-harmful substance in order to facilitate research for its potential medical use.
Under the Controlled Substances Act, the U.S. has five "schedules" for drugs and chemicals that can be used to make drugs. Schedule I is reserved for drugs that the DEA considers to have the highest potential for abuse and no "currently a
Colorado, Washington, Oregon, and Alaska. With more number of states legalizing, the market for FSPM continues to grow. Surgeon general recommends that US government reclassify MJ to ensure more accessability for MJ patients.
Very good MJ articles below.
It is the entire sector that continues to get hammered. This indicates that it is not retail investors causing this downward pressure. It is likely hedge fund or other large investers that is shorting the entire sector.
And no, FSPM is likely not buying back shares just short covering.
If they were "busy scarfing up," the price would reflect this. Your theory does not support the movement in price. This is clearly driven by small fund managers who has been shorting the entire MJ sector. Unless they cover and go long, this will not change any time soon. It is the entire sector being shorted.
There is no basis that they are buying back shares. Let's not speculate. The latest jump in price to .35 were likely investors covering their short. We need to break through .35 cents to move up higher.
If they are buying back most of the shares, isn't this good news and if so, the stock price should reflect this (go up based on buyback)?
I still think .30 is still cheap and I do think we are headed higher. No news from the company is not helping but the positive side is that all the bad news have already been baked into the price. What else do you own/track?