Stoners be like “yo TLRY at 420 man” … Investors be like “F’n TLRY down 761%” … Shorts be like “money money moooooney!” Elon be like “so you say this Tilray weed company is at $4.20, well the Martians must be signaling me to purchasing it then” 🤣
SOFI, HOOD UPST, TLRY, BYND, BB, GFI? These are just the Medium Caps. RDBX and others are in the small caps today. 📈 ChatterQuant searched over 800k comments and 500m tweets on Reddit and Twitter to bring you the sentiment data for 6/1. Here is what people are talking about today.
TLRY - Under Squeeze Pressure with New Catalyst - Legalization Bill Just Passed the House at 12:43 p.m. Today and Will Go to The Senate! 📃🚨 Shorts are currently attacking to prevent upward movement. News Has Only Hit The Internet 34 Mins Ago... Weekend Interest is Coming for Monday!
Right, so i just quickly compared CURLF to TLRY and they have similar market caps yet CURLF has 3x revenues, so multiples are lower, so all else being equal an investor would see a major mispricing given TLRY has never made anything you can call a profit while CURLF is on some metrics profitable, but due to us exposure and custody issues here we are. At the end of the day who even knows why these positions were taken, could just be rebalancing.
I am really happy to see this but my first sell order for TLRY is 20USD. I do not expect any change to my share count today! I appreciate this may be dreaming in Technicolor, but I believe if Briner is a part of a negotiated prisoner swap the administration will have to do something about domestic incarceration for the same charges. The hypocrisy would be off the charts. Perhaps this is hopium, but the pieces seem to be falling together to force President Biden to follow through on his campaign pledge sooner than later. That's why my sell orders are set so high (first batch at 20, then, stop losses set and let it ride). I hope I get the opportunity to set those stop losses! Fingers crossed. Something like this would spark the whole sector I think.
The only traditional valuation metric is price to earnings ratio and if you're bullish you'd better be damn sure that number is going to be above $200. Personally I think it's very unlikely. And even then you're trading at 21 to 22 times forward earnings which is historically quite overvalued. If the fed is accommodative which I do not think they will be since they are in their own bad trade then the upside maybe higher. I don't think we will ever see a liquidity bubble like we saw during the pandemic handouts and the fed liquidity. I'm long weed stocks so I would Love to see the rally continue. My guess is its days are numbered.But that's what makes a market right? Edit: I'm also pessimistic about Federal legalization. SAFE banking does nothing for TLRY and the other LPs. I just don't see us getting much more than that in the next couple years. Again, I hope I am wrong
I would think they can buy MSOS though, right? Either way, TLRY probably tracks with MSOS and to some extent one can assume LPs with large war chests, ignoring their horrible business results, will pile right in to US cannabis when they can.
Honestly, I think the "recession" is almost entirely psychological... hear me out. There is no massive overvaluation in the market (except for a few companies... looking at you, Tesla) like there were during the 2000 dot com bubble, there aren't millions of sub-prime loans defaulting, there is a lot of extra cash printed by the FED and some supply chain logistics... But, all the problems we're seeing in the economy is because people are demanding more than what's available (bullish), energy costs are high due to war-time supply issues (temporary), inflation has possibly peaked based on most recent data (bullish), unemployment is minimal (bullish), and the Senate just passed a huge boost to energy and inflation protection. The big "what will this do?" is China. They're definitely heading for a crunch, but that's already impacting the US and has been since the start of COVID (and even earlier with Trumps tariffs). So what's happened? Many US companies started changing to more reliable local distributor. We've been slowly moving away from China reliance for the last couple year, not enough to be trade independent, but enough that we're already moving towards away from China dependence long before there was the current problem. This "new fear" already has a multitude of work-arounds that have been in place for years now. So, I just don't buy this "WE'RE GOING INTO A RECESSION, IT'S GONNA BE THE WORST EVER!!!!!" rhetoric, I think it's nonsense. We're likely to be somewhat flat for a year, then bullish for another decade. How do I know? Because no where do I see ANYTHING like I saw in 2000 and 2008... except on the news... If you watch the news, you'll think the world is burning. But, in 2000 and 2008, I could go outside and see it... shops closing, way more people living in tents, prices collapsing on everything. HUGE financial institutions going under. Who has it bad now? Lower-middle class. The market will be fine, poor people are f'kd. Either way, I'm bullish on TLRY.
Thank you. Agree with you. I think most dips will be due to total market moves out of their control or day traders taking quick profits. I will continue to wait to sell and not try to time any movements. Of course, I will continue to DCA should TLRY drop.