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End of May probably. We lost the 50 day MA support. =(
I find it interesting that the 50 day is holding strong and flattening.
Thank you, appreciate it.
Again with the interesting volume with no movement in PPS. How does level 2 look?
Ah, thanks.
Who?
If the timing is right I might add more to my position.
This dollar strength is making foreign equities very attractive.
Church of Tweed
Horrible customer service! How dare they be so quick to fill your order!
<sarcasm>
Yes sir.
Wow, Rand Paul and Corey Booker on the same bill. These are interesting times. Which reminds me, it's time to check on the federal court case.
Edit - Well here's something interesting. Judge postponed judgement from tomorrow the 11th to March 25th.
Oh it was for sure. But there seems to be some exchanging of shares that are not moving the PPS.
Nah, seemed like it was a low volume bump. Big share moves that are not moving PPS. That has my eye.
lol, no need to apologize. Just an FYI. =)
I try to keep the landing page updated as much as possible. Maybe we should have a FAQ as well. Once this sector gets hot again we will have an influx of new folk. Best to prepare.
That info is on the landing page as well. However, I think they may have reduced their position.
Serious volume with no movement. Der be some transferring of shares going on. Could be GMP moving those shares to clients.
BAM, found something!
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The moving averages are starting to flatten. I like that we have support built here, thinking consolidation. I wonder what the float is at now, seems there has been some new large holders. I need to look into that.
wow... huge support being built here.
Looks like we are back slow/low volume days.
Great find, thank you. I'll need to do my DD on this.
Wow this board started smelling like testosterone and piss today.
Why did the trolls decide to come out today of all days?
Tweed Rev up, margin up, rising moving averages, higher than average volume on the buy side, losses flat Q over Q, inventory double Q over Q, sales in one month almost greater than all of last Q. The only problem I see here is the PPS short term.
Did someone say Gamma Radiation? I wanna be a Hulk!
Increase in Revs, prep for edibles, flat expenses, increase margins = all good signs.
I was terrified that they took the additional 20 million because their expenses doubled. I'm so pleased I was wrong and we are starting to get a handle at what expenses will look like during the expansion and build out process. All the while rev and margins should continue to grow.
Edit = I also like the markets flat reaction. It signals to me that we have built support in this range. This will help the technicals.
...and yet you still ignore mine and everyone else's questions.
Until you start proving otherwise you will continue to be treated as such.
I really don't understand your investment thesis here.
(serious conversation)
Are you looking for short term or long term play? Are you invested in Tweed? If so, you seem to not like the prospects. Not sure why you are still in it. If short, ok I get your position now.
If playing neither side then I really don't get your position on this board. I've asked this before, I'll ask again.
Were there concerns about spending last Q? Yes, no one here has ever denied that. However the majority of the expenses were good investment expenditures like Tweed farms, grow room, and lab build out.
This is good if the investment brings good returns. I'm not sure if you have ever invested or been part of a start up but that's how it works.
I've done both in my professional life. Tweed is aggressively growing which means they see the demand.
Could this blow up in our face and lose our investment? Absolutely.
But the thesis must be made through vigorous due diligence and frankly there are some strong regular posters here who know their stuff. They, like myself, understand the long term potential here. They also know it can be a long road.
Now, are they spending the cash on 'keeping the lights on' and not growth? No. I get scared when they stop building out/growing and are still bleeding cash. But frankly we are nowhere near there.
If you want to be short, be short, I don't care. I wish you luck. Heck short term you could make a lot of money being short.
Tweed has yet to fail at their objectives, they are agile and focused. I like that a lot. If anything they have exceeded their short term goals. fiscal 15' they expect 20+ million in revs, I'm holding them to that.
I'm very focused on tomorrow. I will be on the call. I will dissect the filing.
Yeah, that has always been my long term vision for this play. The big money is in the U.S. once federal law makers get off their rear or federal courts force them.
I look forward to tomorrows conference. I think many will have good questions. I just hope they have good answers.
You bring up a very good point of interest.
They could be getting ready to set up shop for extracts/edibles/ext.
I really hope we get some clarity soon. Volume on the buy side is pretty nice though, neutral -> bearish for now until we get more info.
Short covering/buyers stepping in. Lots of volume. Interesting.
So, that's a good question I don't know.
Do these 10 million shares come from O/S or A/S?
I'm not selling any shares but I want to know why they wanted the financing. The reason matters a lot to me.
We will see. Not sure how this will play out. I'm leaning more to bearish though.
urgh....
Now we need to see what they will do with the financing.
The balance sheet for Thur might look ugly if they got this additional financing to keep operations going. Either way... I wait.
That's what I was thinking. It comes off as needing regulation, seems like substance abuse. I mean goodness that's a whole lot to use in a day.
Decent close and higher than average volume (but still garbage).
Building support at the 200.
Now we need Thur to not suck and I'd say this is a definitive turning point for the PPS.
I like the rising 50 and the 200 day support we're seeing. Just need the volume.
The sector might start to heat up again, lot's of catalysts in Canada and U.S.
Pre-market rarely means anything but it's a good sign of MM direction.
Especially with the volume we have had these three days.
It does. At least we seem to have a consolidation period to build a support level.