Newstrike Brands Ltd NWKRF

SECTOR HYPE IS OVER

[goldman777]

And now the companies settle in with fundamentals. HIP still has promise but the head winds are significant. I`ve been out of the sector for a while and have done just alright after rotating into the energies again. I think it is safe to say that no one knows where this is going, that being said it is approaching my buy target of 35 cents. A few more days of capitulation and then a stink bid might be warranted but I stop and ask myself do i even want back in. Some others I follow are not doing any better - HVT, GENE to name a few, and I really wonder just what the catalyst will be to a higher s/p - everybody and their uncle knows production is ramping up with increased capacity....but so is every other company, every body knows that Ontario will enter the fray with brick and mortar capacity...every body knows every thing that is already baked into the pie. Will the Q4 numbers be so stellar that the s/p regains it`s former glory. So today we saw a nice gain for the DOW and as such this sector should have seen a lift but it did not, the 3 big guns lost 7% collectively...a worrisome sign if this sector decouples from big positive movements on the major indices...so I need to ask, What is the catalyst for any of these companies to keep them from sliding into the abyss.