Way over-sold? really.. I guess if you are talking about Hype only yes, we are way over-sold if you buy into the full hype story that every one of these MJs are 3x, 5x .. 10-Baggers from here.
If you go on Actual Revenues in the sector, which is what first started the fall from let's say Grace when big players revenues disappointed..
well if you go by that seemingly irrelevant fact.. Many MJs are not over-sold yet.
In My Opinion
Add the fact that Media, in their insatiable appetite to alarm, reveal, startle and astonish are focusing on the MJ sector and it's on paper crazy valuations... well just add that to it and do the maths. those maths say we have another 20% - 30% to go on many MJ positions.
Not to mention there has to be one or two companies which will come out as total "jumped on the bandwagon" frauds :)
FSPM is real! BUT in troubled waters at the moment.
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