when TLRY was 230 or so pre-market, he twittered that he was short "a managable amount of TLRY and will stay short".
Citron is getting screwed by cannabis by shorting TLRY
- Thread starter Pekelo
- Start date
when TLRY was 230 or so pre-market, he twittered that he was short "a managable amount of TLRY and will stay short".
I highly doubt it. Even if the stock drops 50%, Citron is still be at a loss. And they might puke it up before that...
Cannabis stocks are the new "internet stocks of the 90s." No manipulation is needed. Or cryptos 1-2 years ago. Once one weed stock made a precedent, the rest is just following...
Whattttttttt? What're you smoking??
Dot.com was a concept about an undefined product and no immediate consumers.
Crypto was a concept built around an ill-defined product with nearly-unwilling consumers.
And here comes ol' Herb & Mary Jane, with an *ancient* product, and BILLIONS of consumers.
That is just not a hard business model to compute, eh.
If TLRY hits $1k before 12/2019, I might consider shorting it. But probably not.
probably, Citron Research doesn't trade the stock because it's a research firm who researches on stocks and makes recommendations, perhaps, its clients do. or else it's fighting with the big guns: (these firms IPO-ed TLRY). unless JPM is its bank.
Cowen,
Roth Capital Partners
Northland Capital Markets.
BMO Nesbitt Burns
Eight Capital.
Cowen,
Roth Capital Partners
Northland Capital Markets.
BMO Nesbitt Burns
Eight Capital.
Today it already had the going vertical chart with the 50% drop. Check out BTC's chart in Dec-January, same pattern...
nothing new under the sun.
MDBX , a vending machine co., dispenser of weed, was not mentioned. in less than a month, it went from the mid-twenties to $300-400 before collapsing to less then a penny.(2014)