RE:RE:RE:RE:Short Sellers Nightmare ContinuesThank you for asking. Common and Quinlash just posted some solid reasons. The answer to me is quite complex, as it depends on your risk level. If you are very cautious, probably no, at least not yet. Imho the Dems bill will easily pass the House as usual, but not the Senate which is evenly split and where 60 votes will not be possible. Any SP rise based on expectations of passing Congress will soon be lost when reality sets in. I expect the SP to fall back to the 5-6s possibly. Now this is where one might safely pick up some cheap(er) shares. But keep in mind the major catalysts which will open the world to tilray are being slowed down by pootler's invasion of Ukraine, not to mention skyrocketing inflation so governing bodies of various countries like Germany and the US are more concerned with more pressing issues. Make no mistake however legalization will happen in many countries with Europe probably being first and then the US lagging. Also keep in mind tilray ebitda positive over the last 10 or so quarters, and that they are still very much growing at the beginning of a cannabis revolution-not the end of it-so it is normal for them to lose money as they invest in the growth of the company--for now. This could also turn at any quarter into net profit. I just wish Irwin would shut his pie hole about his lofty expectations of a billion dollars and 4 billion dollars which he's done in the past and so far nothing even close has transpired. Moving on, if you can accept high risk then you're more like a day trader and might be able to make gains on the whipsaw market that we are currently in. Buy, sell, buy sell. Lots of money to be made if your heart can take it. Or if you are a great believer in miracles or that *itch McConnell will suddenly have a change of heart and allow his senators to vote in favor of cannabis then by all means put your money in. But I have no expectation of this. Me? I'm holding leap calls and substantial shares, and looking at this as a year or two hold before some substantial catalyst happens. Looking for slow growth in rev in next results as we r still fighting the loss of market share. On the flip side maybe I'm wrong and the Senate does pass the bill or our results blow everyone away and there's a huge short squeeze and you miss out if you haven't bought. I know some will vehemently disagree with my more cautious approach and that's fine. And then there is the massive, prolonged, more than a year short attack on cannabis, which you seemed upset about in savage's posts. You should read mine. I believe what's happening should be considered a crime, as it is clear share manipulation. Until a major catalyst happens and they are squeezed to death they control us, period. This cannot be understated and if you go look at the numbers on fintel you will see that most days they are responsible for at least 50% of the volume---a huge factor in where the SP is, which is unfathomable, and wrong. I am an old bull standing at the top of the hill, waiting patiently for our time, which is coming, just not as fast as most of us want. Hope this helps, just my opinion. Do your own DD.
Hoover69 wrote: Hevin, while I have owned Tilray twice in the past, I have not owned since Q1 last year. It came to my attention last week, so I thought I would see if it was worth getting back into (I am very nervous about the markets right now so have a lot in cash/oil). I asked Savage for his rational as to why to invest but he could not articulate. I am seeing a company that lost money last year and is expected to lose money again this year, in 2023 and 2024. Morningstar just listed it as one of the most overvalued/overleveraged companies. While it traded above its 50 DMA last week, it is still well below its 200 DMA. Even with the jump in the last week, it is still down 65% in the last year. Of 21 analysts covering, there are only 5 buys, 14 holds and 2 sells. Hence my caution. Would love to hear your rationale as to why Tilray is a buy? Also, I encourage your to spend 5 minutes scrolling thru Savages hundreds of posts on numerous MJ companies - they are full of short bashing comments with little specific substance as to why a specific stock may be worth investing. Look forward to your thoughts. Thx.
hevin wrote: Hoover: Savage has posted almost solely facts for the last few years. I'm guessing that as a short this must greatly bother you? As he and other longs won't be panicked by shortscum to sell their shares? It is also a fact that short scum have been trading regularly over 50% of our volume for the last year or so....shares they don't own, manipulating our SP downwards. So what is it you have a problem with?Or are you just short our company?
Hoover69 wrote: You should write headlines for the National Enquirer. You are a classic Carnival Barker. Thousands of posts over the last 3 or four years - primarily, if not all about MJ companies - attacking Shorts, Nuts and Bashers - with no ability to factually explain/support why these companies are worthwhile to invest in. Sad.
Savage97 wrote: Green futures! House vote Tomorrow & conference next week.