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Wednesday, May 13, 2015 1:45:33 PM
It is nothing more than a speculative guess ...
I believe last years industry run was a hint of things to come ...
I think it now depends on the rescheduling of MMJ and hemp ...
http://www.usnews.com/news/articles/2014/02/12/18-congressmen-ask-obama-to-reschedule-marijuana
If rescheduling does not happen soon, I hope 2016 and/or 2017 will be big years with enough states legalizing For medical and recreational use to really get the sector moving into the power curve ...
I have studied the DSCR chart at length and agree with FJ on the likely resistance point if/when this pops the big one with strong sector/industry momentum. We should be getting news on spring planting soon which should put us back into the .00 something range. The whole industry has pulled back some 80% over last years run and we are overdue for another one. Unless of course it was a sector wide P&D which is what it feels like at the moment ...
11:11
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