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Incorrect, check their historical press releases and you'll see they announced the earnings date and call info on April 8 and reported on April 11 last year. May be more lead time this year with the setup PR since they'll have a better idea of official date fins will be done since its their second year as a public company.
Are these people even looking at the same chart as we are lol. Thinking this will "bounce nicely off 8.06" is absurd. I am in agreement with 9.50/9.60 as a heavy support level and actually think 10/10.05 is also one that needs to be breached for more than 30 minutes for this to continue in a heavy downtrend.
Past few weeks RSI has been bouncing off the 35ish range and you think its going to $8 or $9 when RSI is at 39 right now??? Learn to read a chart dude, this will hit 13 again before we see anything under 9
TBH I have no issue buying more at these levels. I'm fairly confident at some point (likely after next earnings release) this stock will be trading around 17-18 USD within the next 4-6 months easily
Keeps bouncing off the 10.20ish area so maybe that is a new level of support. Needs to hold next week and I think the trend flips the further we get from this nonsense Griz report when the dust settles
Based on the last 3 trading days 10.20ish looks to be the floor for consolidation. I got a little excited yesterday with the news and picked up more at 10.75 but I would think it will consolidate around these levels until Jan 1. Still some people with some tax losses to capture so unfortunately with low volume that may keep it down. Dont expect to ever see anything under 11 after Jan 1
The market stole from me by knocking out my stop loss and now its recovering below my sell :(
I guess the real question is do I buy back in if it floats around here for a few days? My stop loss at 10.05 kicked in so I sort of got screwed now with wash sales if I buy back in before 30 days now. Would prefer not to pay taxes on the extra $10k of losses I took today but this is a buying opportunity in my mind
Time to catch a falling knife or wait for 8s maybe?
Chopped down pretty hard at EOD. Any news breaking or just typical low volume fluctuation?
2018 was my year of hard learning. 2019 with a more active role in my accounts i'm up about 48% so I'll be sticking with that approach going forward of trading around the directional swings.
I use to be one of these people that held through everything but the past 6-9 months I've been taking a more proactive approach to my trading as these stocks are wildly unpredictable.
I'm in with a basis for CWEB at 9.10 US. Are you thinking this will not rebound in January? The chart doesnt look good after yesterday, but today will really tell with nearly everything going up - hopefully web will as well. If you think this has a lot more pain in front of it I may dump my swing position
Was over playing my other favorite stock at TCNNF but that reached my sale threshold so I see greater potential returns here this now at 52 week lows. Just need the chart to hold
Was on a brief hiatus after I saw the chart breaking down and sold around 19, but I'm back with a 9.10 basis so Im pretty happy with the recent drop to buy back in
Took me awhile to learn how to play this OTC game but I feel bad for anyone that falls prey to the manipulation that comes with low volume high volatility stocks not on a conventional or highly liquid exchange.
Should be back around 9.50 by January I would assume when all the downward tax selling pressure is over and the MMs are done accumulating here soon.
MMs are scooping up as many as they can at those levels with bids that large from VALX, NITE, ETRF etc. Feel bad for anyone letting their shares go at such a low price out of fear
Pleased with the trading halt. Would love a good management response to clear up this bogus - the initial response of "we will defend ourselves against these baseless claims" simply is not enough
Had a lot of conviction for this stock but at what point do you cut your losses and move on when you’re up against big pharma and the corrupt FDA it’s hard to win. Have quite a bit of money invested here and hate to see it continue to get crushed by fake news.
Does anyone have a link to the actual class action suit filed in the CA court?
This class action has to be a joke. How can you bring a class action for mislabeling your product as a dietary supplement. This is literally exactly what the product is
As long as the markets don't bottom out by end of week with more negative trade news and jobs reports, this should return to 9.50+ as it did last week. The same thing happened last time they did an offering around 13/14 when it hovered there for weeks. People will associate the offering price as the current fair value. Overreaction today big time.
They just havent updated guidance yet. It will likely drop a little from current levels as inventory adjustments stabilize after harvest but management is very conservative with adjusting any future estimates until things actually materialize - which I very much like. Just an old estimate, thats all
Saw this on the yahoo board and thought it was worth posting just as an FYI. Not that I care because less pay equals more profitability and I dont work there but they probably should remedy this in the near future lol
https://www.indeed.com/cmp/Trulieve-3/reviews
I absolutely agree with you, we wont ever see single digits again unless the unlocked shares in January get dumped into the open market. Just looking at maybe trying to squeeze 10% out of my swing trading lot so I can get more long term shares.
Little bit of share dumping from former execs? You think this is a good time for unloading the swing position shares?
I had 68-69 million using a weighted average formula on the the sales data from the OMMU - i was not anticipating any revenue from other states as they are just coming online - i can send you my spreadsheet if you like. I think its a pretty accurate metric for tracking Florida anyways
If shares arent dumped in the open market in January and they find a buyer for all the unlocked shares, I'll see you guys on the other side of $17.50 US!
My XX thousand shares want the states act, safe banking act, and rescheduling to happen tomorrow but I’m just being a realist. We all want the same thing, Trulieve at a proper valuation of $2 billion minimum at 18.50 US. GO TRULIEVE!!
Read my last post snap. Until the federal govt fully deschedues MJ the US MSOs don’t meet the listing requirements of the DAQ of NYSE since they are not if federal compliance.
IF the States Act passes, which it likely won’t, I very much hope I’m wrong but it doesn’t have the votes right now., then it will allow for states to regulate cannabis and allow for interstate transit of the plant. Marijuana will still be classified as a schedule 1 drug prohibiting them to list on a major US exchange. Canadian cannabis companies that operate exclusively in Canada can list on any major exchange bc they do not violate the federal laws of their home country. Technically rec marijuana states are not in federal compliance. It’s the beauty of the US govt bc states can really govern themselves but the stock exchanges still have their rules and one of the listing requirements is to be in compliance with all federal laws in your home country. Ergo US MSOs can’t list on a major US exchange.
Incorrect. Just because financial institutions can now bank with cannabis companies doesn’t make marijuana legal federally. Two very separate things- in order for cannabis companies to be allowed on US exchanges something like the hemp bill will have to happen to deachedule. I am long on TRUL but I’ve done my research, trust me on this one. Motley Fool articles are fake news about all this uplisting bs. Cross list to a major Canadian exchange like the TSX is best case scenario until it’s no longer a Schedule 1 drug under the DEA rules.
Can’t list on a US exchange until marijuana is federally descheduled. Cross list to the TSX is the best we can hope for now.
To the “only $30 million of cash on the BS” comment, read the footnotes and you’ll see proforma cash as of last week was $101 million. Probably just took awhile for that $60 million warrant raise to settle from the underwriters.
You think we see sub 9s this week? At some point people have to realize this is good news and the cash will shortly be used for a big move but I need a couple swing trades to get more shares, as I'd like to have a much larger position here but no additional powder.
Can TRUL crosslist to the TSX under current US MJ regs?
Inventory levels must be hurting TRULs numbers - losing market share as a % of total distribution in all of Florida for this past week (although the first week of last month was the same, maybe they need to change marketing and deals for that week of each month). Should still be a heck of quarter for revenue growth but I'm watching closely for the next quarter to see if trend continues.
See below - anything not filled in is due to cloud issues of old reports not being available on the OMMU site.
Squeeze will not come until the MJ sector sell off reverses. This wont happen any time soon so sit tight until we have a nice run up end of October/beginning of November for next ER. Will likely hover at 8-8.50 until then unfortunately since all the store openings are already priced in.
Based on the OMMU data I would say Q3 earnings will be right on target for expectations, with my estimate being 65-67 million in total revenue. Competition is certainly heating up in Florida as TRUL is slightly decreasing in market share as a % of total mgs dispensed. Based on Twitter comments I would likely attribute this to inventory shortages in certain storefronts.
Not sure why the data wont post into a nice table like I have it in excel but oh well.