RE:RE:RE:RE:RE:RE:Budd and CaneI am in alignment with all your points, except the 'short attack' one.
I do not believe shorts are behind this stagant price. We are still trading above the 12.35CDN low for some time now. I would tend to think any short who had negotiated a price of 13.50CDN or higher would have taken their profit rather than pay interest on borrowed shares while we linger in the 12.70 to 13CDN range.
In my view, the entire sector has fallen out of favour with retail investors and now these LPs are going to have to show they are a viable entity while we wait for the USA to sort themselves. I remain invested in Tilray as their numbers are okay. Not stellar, but okay. I sure would like to see their market share in Canada rise. I am also in alignment with the various inititiaves the CEO has taken, but like most, think his compensation was unreasonable and somewhat tone deaf to the share price of late.
Bottom line...we all have to make our own decisions on whether to buy, hold, or sell. My sell orders are in the low 20s. I am hopeful these will fill within the next 6 to 12 months. Those sell orders used to be set in the low 30s, but these last six months have taken the wind out of my sails on that hope.
CaneIsAbel wrote: What's hurting us today is not the fundamentals of the company. Remember we just inked another deal in Europe. Sure it's only a population of one million but never the less the implications are Tilray is a trusted brand in the European Union a potential billion dollar market short term. Chuck shumer saying he will turn down the safe banking act unless it's included in a more comprehensive legalization package really gave the shirts the ammunition that congress was never going to act on anything. The stalling of federal legalization has played itself out very extensively especially on Tilray where as a global company and growth prospects shouldn't be as effected. Never the less we are lumped in with all of cannabis. Irwin Simons bonus packages were to retain his services until the end of 2022. They won't be recurring! We have far more synergies that will be realized and we're gaining market share in Canada. We are hitting all the right notes the bearish trend is from an orchestrated short attack that won't last much longer on my opinion