It has its uses. Investment grade sector? Nah, but for long enough for one last rally maybe, essentially just a trade. Oversold dead cat. The stuffs fading as fast as the hype appeared in 2019. Like I said beginning of the year, "2019 - year of the CBD." But seen one - seen em all.
You can compare them to just about any other temporary fad trade - an injection of retail money. 70s gold. Look at all the nonsense stocks that took off. When the crowd gets ahold of the market - look out below. 2000s tech. And I've said this from the beginning - that CBD had a lot of "red flag" qualities that struck me as a temporary movement in the markets.
Hey, 3D printing has its uses, too, but people priced that in over 30x it’s true value. They’ve done the same with CBD. What’re people going to do when they find out CBG is actually a more potent and reliable product?
People think they understand the science therefore understand markets — using their cloud technical analysis they read on investopedia.
Is CW worth 2billion? Naah. 100-200m maybe. CV will probably push 50mil range by the time it’s over, eventually heading to sub pennies. Most of the MJ stocks will disappear too. Aurora, Madmen - the worst companies will eventually self-fund to keep the lights on. It’s not going to be pretty.
If there’s an oversold sector rally, be prepared to act.
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