|Day Low/High||7.28 / 7.80|
|52 Wk Low/High||2.43 / 46.25|
That doesn't mean we'll move straight up over the summer, but we'll get plenty of virus, China, stimulus, cannabis, and unemployment chatter.
The direction of the market in the coming weeks will hinge in part on progress in reopening the U.S. and European economies.
It's not something momentum traders would care about in the short-run, but if we do see a squeeze, don't be greedy.
These companies initially seemed to believe that regulators and law enforcement would drive out the illicit market dealers. That hasn't happened.
Weekends have been feast or famine for bulls and bears, so keep that in mind if you are rolling the dice.
Here's what you should consider instead during this fear of missing out time -- and know that stock picking should be back in vogue soon.
There are signs that this stock's recent run may be coming to an end.
Despite Monday's shaky earnings report, TLRY still has a fighting chance in industry.
This quarter will be painful for cannabis. Chasing the losers won't work. Avoid it.
I'll stick to the three-pronged approach... the Rebound group, the Virus group, and the Revenue group.
Buckle up for what is likely to be another eventful five days.
Understand that the reversal today is something that happens in the natural course of a stock that's too heavily shorted, but unlike so many of the heavily shorted stocks, this one is the real deal.
This is not investing or trading. It is gambling.
I wanted to repost my opener as it was published very early this morning (and some have missed it): * S&P stock futures are gapping much, much higher * Iowa's Democratic disastrous primary "non-results" are still delayed - so, it's on to New Hampshi...
* S&P stock futures are gapping much, much higher * Iowa's Democratic disastrous primary "non-results" are still delayed - so, it's on to New Hampshire? * Telsa's shares are trading over $800/share this morning (look for an equity or convertible off...
Morningstar Magazine offers insight into future growth potential for cannabis industry and stocks.
A look at what the weekly charts of three big cannabis names are saying.
I am calling an audible and selling my Tilray long rental for a small loss.
I added small to my trading long rental of on this morning's weakness. I have a $21 stop on this trade. Again, this is a very speculative trade and I have a low level of confidence. It is, as Grandma Koufax used to tell me, "a crapshoot."
"Just one more thing." - Lt. Columbo I took a small trading long rental in Tilray (at around $21.60) after the earnings release. International sales were strong (albeit from a low base). Beverage products will shortly be rolled out and the company ...
Plus, a glance at news about Disney+, Boeing's 737 Max and Alphabet's "Project Nightingale."
* But a change is gonna come * Yes it is... "You were tired and you want to be free My love is growing stronger, as you become a habit to me. Oh I've been loving you a little too long I don't want to stop now, oh. With you my life Has been so wonder...
This group appears oversold and downgrades of the big cannabis names may trigger a "buy the bad news" reaction.
This looks like a good opportunity to take a fresh look at the charts and indicators of the former 'high flyer'.