RE:All Indices RedOptGreen wrote: All NA indices are red and gold is green, mainly due to this massive economy killing shift to socialism, Alberta is a prime example of the future if this trend continues. The promises made by the extreme left on both sides of the 49th will collapse the economy without a doubt....and China, Iran, Russia, et al are helping achieve that end every day.
The MJ sector that I am following have all set new 52wk lows today, WEED, ACB, et al but there was too much hype built into the SP of most and there was definately a correction needed and they will all be assessed on fundamentals going forward which will bode well for FIRE especially as they are undervalued and on track to realizing profit at ~40% of full production within months.
FIRE is better positioned than most, if not all, in the sector to trend green if they realize profit Q over Q starting 2-3quarters out which looks to be doable but the overall economy will dictate in the end, JMHO....Opt
..I agree Optgreen...we went trough the hype phase, the reality phase (now), but once all 50 states approve legalization, we will go into the acceleration phase (pedal to the metal)...this will be the great return on investment. Following this phase we will get to the normalcy phase where the big gains have been made and only the big revenue companies will survive and continue to thrive. Supreme will be one of these companies...stay strong...