TLRY Buys 8 Breweries and crashes the market!
Its elementry that any stock goes up on hype and then a sell off. Unfortunately, Lou missed it again. Shorters normally don't buy though, until their forced to.
The gains will be realized when ER's Q1,Q2,Q3 etc..comes out and these breweries, hexo, Truss, Germany, Canada are bringing in revenue to TLRY.
Lou likes to say beer is done, because AB -InBev solid some breweries to TLRY. Obviously he/she doesn't read the news.
Lou likes to say TLRY is broke "how they going to pay? Once again he/she doesn't read ER's.
Vinny for some reason likes to agree with Lou, just because it came down to $3.00. Wish came true!
I say it's a good thing we had all these little catalyst and hype from ER to M&A's.
Or...the boys above would be hoping for $1.00 right now.
The fact is, it hasn't been a good 2 to 3 weeks on the market. TLRY has fared very well!
In the Last month
S&P down 4.19%
Nasdaq down 4.81%
TLRY up 34.2%
The moral of the story, the sky is not falling. Like some would like you to think.
Here's to Powell turning things around tomorrow.
Cheers,
V