Loofman is out makin' Jugs!
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Looks like Avid and many of y’all is still a kick’in…
I’ve been looking at CDMO after finally sobering up from drinking way too much Old Loofman’s Pure Kentucky Korn Licker for the past 4 years or so. The goat dun died but Tessi May still is looking mighty fine.
I think this will be a winner in 2 years or less. I think there is too much focus on executive salaries and unrealistic expectations of moon shots. Give Irwin a couple more years to enact his plan and get the pieces in place globally. If he does it, turning Tilray into a $4 billion plus cannabis giant will be a major win for him, the company and for us financially. I don’t see many investments with that much potential on many lists. The proof will be in the pudding…make mine pistachio because it’s GREEN!
Hoping you all will find patience and will be rewarded well soon!
Jmo
I’m ok with buying on the dips to dollar cost average. I’ve been doing so since $21. It is tough and takes balls to be patient with the weekly downslope. No pain no gain and that’s how I’ve made money over the years. I believe that Mr. Irwin has few rabbits in his hat to pull out at the right time in the future. Hopefully the show gets started as soon as possible. Good luck good people!
Jmo
LOL!
Obviously you don’t understand nor care to understand what the intention is for the possible use of additional shares. No dilution until used. If used, the dilution would be neutralized by a valuable acquisition which would add value and another arm for revenue growth at a time when strategy is everything in a competitive growth industry.
I believe that enough “smart” investors will easily pass the additional shares. Tilray will continue to gain market share, revenue and profit.
Jmo
TLRY since June 9th, is down about 35% on fairly average daily volume. This leads me to suspect above average shorting is ongoing. By whatever means possible, the day traders and weak retail hands will fall off the trail. Also, I hope that the existing short positions are in high risk territory when positive market events occur. I am confident they will occur sooner than later. I believe the resulting upward spike(s) in price will be significant and movement will happen quickly. As many say, “patience and is a virtue.”
Jmo
All due respect, TLRY would be left in the dust if they only focused on making a profit at this stage of the game. The Marijuana industry is still in its infancy. Those with the biggest kahunas, strongest leadership and enough cash in the vault, have a huge advantage when deal opportunities come to grab up market share. I’m not interested in pennies on the dollar on my sizable investment, I’m looking for and expecting many dollars on the dollar. I’m very willing to wait for this to all unfold.
Jmo
I just keep on buyin’ more Tilray so that one day when ithem shares goes to the moon, I can fix up my motor home real nice like. Might even put new tars on the truck. It’s gonna happen, I can just feels it!
IMO, that’s how you run an older mature company which has met it’s growth end game in a mature market . segment. Your strategy would cost the company dearly in a totally new unbounded market ripe for the taking. Sitting around and counting our pennies for the sake of our dear minority shareholders would lead us to nominal growth in a robust new market and let the competition walk all over Tilray and dominate the market. I wholeheartedly agree with Mr. Simon’s approach to put the pieces together as quickly as possible to create the world’s most dominant Cannabis product empire.
I’m investing in an aggressive growth company! Go Tilray!
Jmo
I believe TLRY is now a screaming buy…
The price has retraced and consolidated back to January 2021levels after hitting $67 in the process. The merger has been priced in, the Reddit effect has been dissipated, possible dilution has been priced in, analysts upgrades have been priced in, and the first harvest of medical weed priced in. Lingering in the shadows are many catalysts for TLRY which have not been priced in and they could be huge. They include the reopening of Canada’s pot market, market expansion in Europe and elsewhere, improving financials, changing banking laws in US, decriminalization, legalizing on the federal level, and the high likelihood of significant potential mergers and acquisitions!
All this means market giant Tilray becomes a MEGA giant in the marijuana market! Along with this comes a good chance for exponential share price increases, all in a 1-3 year time period. I think $67 will look cheap this time next year.
IMO, TLRY is a steal with very great potential!
Jmo
Village Farms looks like it might be a good target for acquisition. Jmo
Today’s Motley Fool article about Tilray…
https://news360.com/article/558697218
Pretty strong buying and weak selling indicate to me we may have formed a more solid base to launch from. The stock has been consolidating for some time now and is well coiled to spring with buying volume.
Jmo
We are in oversold territory now. We are back to January 2021 price range.
Any catalyst or positive news event related to cannabis industry will likely make TLRY pop to another run.
Jmo
I purchased Curleaf the day of the merger in anticipation of such an event! I think it would be a great addition.
Jmo
Help I’ve fallen and I can’t get up. I think I have whiplash. Dr. Prescribe me some meds to go along with my korn kicker!
As for today, I can see $24+ in after hours.
Jmo
$300 isn’t going to happen. That equates to $134 bil market cap. That’s just plain crazy.
I can see this quickly going back to $65 with the short crashers help.
Jmo
Good stuff John!
Maybe TLRY will be run down into the red at close on 84 mil. shares! The shorts possibly increased their positions.
Jmo
Daytraders paradise today. All over the place. Shaking for shares, IMO
Not exactly true...He showed up yesterday and we’re up 16.6% today!
This has a chance to bust through $20 in after hours!
If it is, they have some work to do to get it up to $67 share again! I think it’s Amazon news.
Jmo
More than 3 x average volume. Something serious is going on.
Jmo
Very unusual trading activity for TLRY today. Don’t understand it and I’m not thinking I’m suppose to. 62.3 mil shares. Did someone come to squash and thoughts of squeeze?
Jmo
I’ll make a guess TLRY hits 20 by end of day. Jmo
I think the short positions may not want to be stuck in this over a holiday if there is truly a Reddit squeeze going on here as it seems. 3 days gives Reddit group more time to rally their troops. I hope this is the case.
Jmo
If Tilray made it to $65 share a couple of months ago based on irrational enthusiasm, it can easily hit that target again based on its growing pipeline in the near future. There seems to be a lot of positive sentiment in the market for this one! Jmo
I didn’t say that. Just thought the definition of bellwether was funny.
Especially the castration part and leading the sheep.
Something the shorts might need to think about.
LOL — A bellwether is a leader or indicator of trends. The term derives from the Middle English bellewether and refers to the practice of placing a bell around the neck of a castrated ram (a wether) leading the flock of sheep. ... JPMorgan Chase is an example of a bellwether stock.
Looks like a bad day to be short Tilray!
Jefferies analyst Owen Bennett upgrades Tilray (NASDAQ:TLRY) from Underperform to Buy and raises the price target from $4.77 to $23.
Oh yeah
12:28p ET 5/6/2021 - Dow Jones
Tilray Inc Price Target Raised to C$25.00/Share From C$23.00 by CIBC World Markets
Now TLRY is just seriously over sold, IMO. It is heavily shorted and continues to be. New price targets were set today at $16 and $17. Once we get through Tilray’s quarterly report, which will probably not be great, the price should stabilize. A short squeeze would certainly be nice now as it looks like all the risk is now heavily in the hands of the shorts. The price could take off at any point if a group of big buyers decide to come in before the shorts are ready to get out. All jmho.
Bullish Tilray article...
https://news360.com/article/555059410
Thanks for sharing. Irwin Simon is a big reason I got into Aphria. I’m very optimistic about the future of Tilray under his leadership. So much so that I have 3% of my portfolio invested in this, which for me is a substantial investment.
Take care,
Loof
IMO, it seems to me TLRY is looking good for a short squeeze. The share price is below fair value, volume has been lower to average and I’m guessing short % of float is 20+ and growing. Another strategic Reddit play and or motivating news could really move the price significantly.
Jmo
Based on this the merger has been approved
https://finance.yahoo.com/video/tilray-aphria-deal-approved-cannabis-165230576.html