Should I Buy or Should I Sell ?
In all honestly I already have a decent number of TLRY shares so I also have the option of simply onto those shares until the market at least get the SP back up to book value.
On the topic of buying and selling.
Selling ?
I have this rule about losses - I avoid them. When I find myself sitting on a profit I research to determine if I should be holding for more of a profit or if it's makes sense to exit. Because I trade Long Only I can opt to do a partial exit on a profit and reduce my overall average. Outside of that if I fail to take a profit then I have to consider going negative and trusting my research to justify holding or....
Buying??
I set budgets and timelines for this and expect my budgets (total budget) may be larger and my timelines exceed that of most investors and certainly longer than most of the folks on this forum. I try to start positions on stocks I see as moving up over time however I do partial buys in the event a SP may dip and allow me to add more at a lower price.
My research indicates TLRY brands is currently under book value and the sales ratio is substantially below historical average all while the debt is being paid down while revenues are increasing.
Should I care what folks on a forum say?
Should I care if their opinions differ from my own.
Should I believe they have any intention of aiding me in making a profit or should I consider they may just be looking out for their own interests and their own profits ?
This post has no right or wrong answers to it. This is simply encouragement for folks to rely more on their own research rather than looking for consensus on a forum for how to manage their money.
Happy Canada Day Everyone !!
Q
- Long on TLRY