RE:RE:MJ SectorNothing to do with the our MJ sector Trans, of the top10 SPDR holdings on the S&P, ticker SPY, that were under big pressure today are #1 Apple, #2Microsoft, #7Facebook and #8Exxon...lots of trouble in the tech sector, Apple cutting back production of their new phone out for the holiday season and the Saudis are adding to the global oil supply to bring the price of oil down. The only thing that would impact the CA MJ sector would be more manipulation and shorting?
If these lunatics are bound and determined to collapse the US economy our MJ stocks should show pretty solid gains as more people try to seek shelter from the storm....and FIRE is poised to be the lead, or near to, of the pack in the near term with 85-100% of the existing facility under crop by year's end. With the prep and packaging ironned out and the system of getting product out the door to the retailers functioning well there has to be a large amount of herb sold by the end of current quarter and much better for the first half of 2019....which means much better SP levels from here on, just need the varification/ news to get and keep the ball rolling, JMHO...Opt
theTransporter wrote: Except MJ stocks seem to be tied to the indexes such as SPY.