RE:Reality Normally I would agree with you on the Earnings aspect. However MSO's have been reporting some huge revenues and huge EBITDA. As much as I make fun of msogang and their tunnel outlook and complete lack of understanding of MCO's, the MSO companies are trading at one of the least expensive valuations of ANYTHING on the stock market today. Every sector has a bubbly valuation in comparison.
Shorty is attacking the cannabis sector. How they plan on covering such a ridiculously high short position is still beyond me.
MSO's are mainly listed on the CSE. If you look at the top 15 most shorted stocks on the CSE... 12 of the top 15 are MSO's. That is ridiculous.
The sector needs progress from the American Government on SAFE banking. By the IRS meeting yesterday it appears there may be progress coming,... if something happens there watch one hell of a ripper short squeeeze across the entire sector.
Tilray is geared to be KING of the sector. Very confident on that and this management team.
eom
momo
Vegas63 wrote: I guess the days of the marijuana sector are getting tougher .. I am long on Tilray and have no intentions on going anywhere . As we are figuring out stock prices will not sky rocket on hype or
speculations , or merging or partnerships .. those days are over ..people and institutions who are shorting Marijuana Company's sure know it and are not going anywhere ,,
The only way the " shorters " will leave is if Companies start making profits on their earnings reports .. It's all about profits now ,, that's it.. I'm guessing if a marijuana Company can string along 3 to 4 consecutive postive earning reports the " shorters " will slowing move on .
It's not a race to get to the finish line considering the odds are stacked against a mj company stringing together that many .. just getting to the finish line will be challenging.
Mj companies cannot borrow money from banks to expand , they cannot borrow money
if they are struggling and need to get bailed out . mj companies cannot advertise in any way ..
I know this is common knowledge and " shorters " are betting on mj companies to fail ,.
some have already failed and more will ..
I have been investing in this sector before it was legalized and jockeying from one to another
mj company and truly believe I have found the one that will get me to the finish line .
With the " shorters " and the profit takers it will take awhile to get there taking 3 steps forward and 2 steps back all the way ..
Vegas