Prev Close | 18.32 |
Open | 18.09 |
Day Low/High | 17.32 / 18.13 |
52 Wk Low/High | 2.43 / 22.61 |
Volume | 15.33M |
Prev Close | 18.32 |
Open | 18.09 |
Day Low/High | 17.32 / 18.13 |
52 Wk Low/High | 2.43 / 22.61 |
Volume | 15.33M |
Exchange | NASDAQ |
Shares Outstanding | 178.84B |
Market Cap | 3.07B |
P/E Ratio | N/A |
Div & Yield | N.A. (N.A) |
Charts look vulnerable for the cannabis name as earnings disappoint.
On Tuesday I wrote an evergreen column for TheStreet on short selling that hopefully communicated some important principles and tenets and can be returned to when shorts are considered. I wanted to re-post it here on Wednesday morning: When Short Se...
High valuations, margin debt and the ARK effect could lead to more pain for some names. But the selloff could also create buying opportunities in other tech companies.
At least for the moment the bloom is a bit off the speculative corner of the markets. Traders and gamblers note that the declines below could come to a stock your trading: * Tilray has gone from $70 to $28. * AMC has declined from $22 to $5. * Gam...
One possible outcome: The party ends relatively soon for some of the more speculative names, while other high-multiple stocks remain strong until inflation and the Fed become issues.
As is customary, Mr. Market rallied from the morning schmeissing (at least halving the earlier declines): * Breadth was negative 2-1. * In percentage terms, the Russell Index declined 3x the Nasdaq and S&P. * Banks were mixed -- but Wells Fargo cont...
Pockets of speculative action keep shifting as the market undergoes some much-need corrective action.
Plus, semiconductor equipment manufacturers heat up while stock market volume isn't what it seems.
Until there's a shift in the intensity of the stock picking, it is going to be difficult for the bears to gain downside traction.
It was a poor day for the market but much of the action is rotational. Here's what would make me worry.
 Tilray has traded 205 million shares today. The company's shares outstanding total 158 million shares and the float is only 95 million shares. This is not trading... it's gambling.  Â
As I mentioned in my opener and during the last several days, the short opportunities are multiplying - with outstanding reward vs. risk ratios. Within the last 10 days I have made +30% on a short, +45% on a short and, today, +45% on a short - all ...
When any resemblance of fear or risk management returns, we'll likely have a sharp, but buyable dip in quality names.
Keep your eyes open and beat the arrogant, self-interested profiteers who want to make money off you by making this more complex than it really is.
I just covered my spec Tilray short at $37.70.
Much of the cannabis money is rotating back into bitcoin plays.
Who knew high finance was so easy? And why the heck was I working so hard? Fundamental analysis is so 1980s.
Trading lately has become quite unsustainable, so some pullbacks and resets are not bad.
The interest in stock picking keeps the mood very positive, and I don't see that shifting too quickly.
They really do not have very high hopes for the short to medium term future. Yet, the market buys their news.
There is also some good action again in bitcoin and bitcoin stocks.
What's most important about this market is understanding which themes are driving the action.
Great stuff on GameStop from my pal, Whitney Tilson: 1) Like everyone else who follows the markets, I can't tear my eyes away from the stock of video-game retailer GameStop GME, which in recent weeks has been on one of the wildest rides I've ever se...
Georgia's election results have given the industry a big green light, meaning positive moves are expected out of cannabis stocks.
If Democrats score, marijuana names could benefit.
Two more major deals were announced on Tuesday.
Aphria investors will have a larger stake in the combined company post-merger.
TLRY has an active options market, so risk can be defined.
Collective Growth Corp is the first and largest SPAC focused on building the U.S. commercial hemp supply chain.