RE:RE:RE:it doesn't fool anyone.quinlash wrote: Actually it can take off, it can take off at jaw dropping speed and to higher highs than the daytraders and swingtraders expect.
Why ?
1) the stock is under it's book value
2) there are over 109 million shares in short, these represent buyers under contract
3) there isn't 100 million shares for sale until you get up into lunar level prices
4) many other (lower revenue cannabis company's) trade well over basis book
5) cannabis reform news or any bullish signal out from Tilray Brands could ignite stronger buying pressure and further reduce investor interest in any sort of selling.
That's just a few points I'm tapping out via my cell. If I were to wander over to my laptop I could write this up in much more detail.
I'm not going to post the exact details... again, Why ?
Simply because I appreciate cheap shares myself and my December purchase isn't filled yet.
Momma never raised no fools.
Q
- Long on TLRY
Jaw dropping speed, I'd like to see that cause the only jaw dropping direction has been downward.
1. You been saying it's under book value for how long, it seems like a lifetime now. That poor guy at Pew, his kid is gonna turn one and it's still gonna be under book value.
2. Most of those shares sold short are at much much higher prices so don't think anyone is scared of a fifteen cent rise in the stock.
3. If you are basing that on what is listed as the buys and asks available then you don't understand. Learn what a market maker is.
4. What does this company have to do with other connibus producers, it's a CPG company and is an expanding craft beer and spirits company. Read the press releases and learn.
5. Key word in the statement "could".
Nothing to change the outlook happening anytime soon.