Oldweeb - like yourself, many readers on this board - mostlythe so called long promoters also ask that I explain things to them regarding Tilray and investing in general - they usually use a private message though.
I think I may have mentioned the time isabel pm'd with something like "I won't say anything bad about you, if you don't say anything bad about me'.
Anyway, regarding Trulieve - I posted a year ago that I thought that Trulieve would be the cannabis stock that would see the biggest rebound in the US cannabis sector - I didn't say they were the BEST stock out there (although they're up there) - just that they'd see the biggest recovery.
And that's why I bought the stock - it was undervalued and my cost is $ 7.65 a share. The stock - as did most all US MSO stocks ran on news in January and Tru hit a high of around $16.00.
I thought it was overbought at $16.00 (based on the lack of ACTUAL progress) and I was going to actually sell some or all and invest in several oil & gas stocks I like (please everyone - no pm's on which stocks) but it just got away on me before the pull back..
Now - at $13.50, I'll hang onto until real news come out (re-scheduling) - which will drive the stock (and other MSOs) even higher than the $16.00.
Tilray also rose a bit - riding the coattails of the MSOs - and has also fallen back. I'm still well ahead on my TRU investment and can wait - you could say I'm long on US MSOs, but the so called 'longs' Tilray investors are underwater and will remain there, Tilray and Canadian cannabis LPs are dead money. Newer Tilray investsors who are buying at this level should be okay - they'll just have to be patient for several years - and in the meantime they'll have lost the opportuntiies with the MSOs.
Please let me know if there's anything else you'd like me to explain.
Post by
OldDweebon Feb 09, 2024 12:26pm
Keeler, Please enlightened us all as to why for a second consecutive day, the chosen one is under water so far.