RE:RE:Tilray Posts Q1 Revenues Of US$168.0 Mil, Net Loss Of $34.6 From yesterday. See, there are just certain scenario that are very predictable sometimes. And you can still make money by trading it. If you absolutely can't help it. Just got to look. I still believe we will see Tilray in the single digits before it bottoms out. A range of $9 - $12. Thats when it will be a good opportunity to start taking a long position. For now, it is best to trade it, unless some thing big happens. We all know a big dilution is coming. And, I just hope they don't dilute to buy another almost bankrupt company. This time investors won't forgive. Go seek out a real deal, didn't Simon has some connection with Diageo. Go get it Simon. Just my opinion. Cheers.
BudFoxx2020 wrote: The earnings were not bad at all. Everyone knew it wasn't going to beat expectation. The problem is Er*wink is projecting $4 billion a year in revenue in 3 years. That means Tilray needs to blow expectation every Q till 2024. Unless some huge catalyst develops in the MJ sector, the whole sector will continue its downtrend, now that the biggest player missed. The ball is still in the shorts hands, I am still sitting on the sideline.
It looks like it will be good trade today. I just feel they will take this up today along with the sector since Tilray did not miss by much. They need to trap more sheeps before taking it down again. Just my humble opinion. In at $13.15 for a day trade, stop loss set at $13. Good luck all.