Derf, I picked up two small contrarian positions - IIPR and HITI, both in the cannabis related sector. Looks like the bottom is likely in for the sector, though will take some patience. IIPR is a relatively conservative vehicle - a REIT that leases space to the cannabis growers. With the sector down so much, the dividend is way up to 7%. I owned it several years ago during the pot sector bull market, so decided to get back in with a tiny amount - only $310, but figure the overall sector has finally formed a bottom (famous last words, lol) :o)
Also, the Canadian cannabis retailer - High Tide (HITI). They have 167 stores in Canada and are expanding fast, with the goal of 300 stores. The chart setups for IIPR and HITI look promising, having formed quasi inverse head + shoulders. But tiny positions - just over $300 each, so mainly for fun.
Clean energy is another one of those trendy sectors that were on fire in the 2020-21 bull market, but then the air came out. I'm still not sure those have bottomed, but might soon be time to nibble a little. So far I only have some NEE, but am watching the solar stocks (FSLR, ENPH). I figure getting back over the 200 MAs would be a good sign that the bottom is truly behind them. Until then they still look iffy, especially looking at the broader ETFs (ICLN, QCLN, TAN). That was a great sector during the 2020-21 Covid crash recovery period, but still meandering and in search of a bottom.
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