Post by
Tradinghands on May 24, 2024 5:36pm
Nvidia will be splitting it stock vs Tilray selling stock
Everyone is whining that Tilray will be selling shares to fund its expansion ending up with more shares for a bigger company but then you have Nvidia wanting to do a stock split so currently they have 2.5 Billion shares so that could top out at 5 Billion shares and in this case analyst think that its great news so that retailers could buy in, What BS. I hope that all the moody holders of Tilray sell only to see this skyrocket when the rubber stamp hits the paper and then shorts will be squeezed for shorting a stock at lowest prices. I'm not comparing Tilray to Nvidia by any means but its a mind twist what people believe. I see big thing happening for Tilray and maybe the DEA will just drop marijuana off all scheduling like Canada woundn't that shock the markets and I'll bet you that once the firms sell shares to eachother that the same firms will be pushing the share prices higher unless you believe that they'll be buying a falling stock to lose. Thats my rant.
Comment by
Bottomline1st on May 24, 2024 6:43pm
nvidia is doing a 10 for 1 stock split so if they have 2.5 billion shares outstanding would a 10 for 1 give them 25 billion shares I'm not sure that you wrote that right but good point. I guess everyone will dump nvidia shares just like tilray, lol crazy investors
Comment by
Tradinghands on May 24, 2024 8:13pm
Agree, Tilray $250 Million dollar purchase won't be a variety store deal it will be huge! and at that point investors won't care how many shares are out there it'll be a buying frenzy.