RE:Just relax everyone
Good post. Calming. What we need.
my .02
I think that over the next 4 months what will have the largest impact in turning this correction around will be any quarterly income statements from LPs and Distributers in Cali. The fear is driving the whole sector down. Good buying opportunity, but need to see some positive reinforcements to remind investors that this is a very profitable product. We could stay at these levels for a little time, but in the long term this will be a little bump in the chart.
Maybe some reports on stores selling out of product etc.
Reminders of the lineups and selling frenzy when the doors opened.
TLDR; Quarterly Financials elsewhere in the sector will set us free.