RE:RE:I am not sure what the surprise is....Once again I will repost this to remind ghost how wrong his prediction was the day before earnings. Anyone who listened to your advice missed an opportunity to exit 30 percent higher the next day.
Moving forward...
There is the vote this Thursday. I am hopeful it will be "YES" but at this point I really do not know. Retail investors are a hard nut to crack. I truly do not understand why anyone would be against this. If you are, sell your shares and find another company you think has better growth potential. The CEO wants to take advantage of the situation while the USA stalls on the inevitable but needs some working capital to grow. It is not dilution if you are scooping up some great deals.
I am the first to admit this has been a challenging year.
I do believe Tiray will do well in the long run. That is not blind pumping, it is the result of a deep dive into the company. For those who do not feel comfortable with the way it is being managed, vote with your feet and sell. It boggles my mind why anyone would remain invested...or even interested (unless you are shorting) in a company you despise. MAKES NO SENSE.
My only advice is to not have anything on margin, and do not invest anything you cannot afford to live without. At some point this will bottom and short sellers will begin to cover. I am not even sure it is short sellers who are holding this down. Given the volume I believe the whole sector is considered a pariah and there really are no buyers. I have no idea when sentiment will turn. But I am okay with that as I believe Tilray will be one of the survivors.
skyplt wrote: This did not age well...
Ghostinthedark wrote: If you read my posts, going back several weeks, and including yesterday, I did say that
TLRY is expected to post disappointing earnings
I looked at Zacks, Yahoo Finance... and other repetable websites.
I also said that issuing of new shares dilute the stock.....
I also said that TLRY is below the 100 day MA
I also said that according to the candlestick charts,
TLRY is on a monthly, weekly, a daily downtrend.
And, the street and daytraders are " insiders", and use analyst knowledge to make predictions. They are rarely wrong.
In my opinion, TRLY can easily fall below $14.... in the next few weeks, months.
I believe tomorrow with be a sh***t show..
I am all cash with TLRY--and will not buy in until there is at least a weekly uptrend.
REtailers: CONDUCT a Due Dilegence!!! Never listen to pumpers!!! UNderstand a chart, Understand basic financials---such as EPS.....
Don't listen to the hype by the talking heads or ERWink, who always posts a rosy picture.....
Way to many bagholders now...What a sh*** show....$40 to $16 in 6 months. That is approx... a 60%%% drop in sp, which is f***king sickening.