Only in our current economical bubble (that is bound to burst) can we have a company losing money that has a higher stock value than established companies like Microsoft .
Welcome to the 2019-2020 version of Tilray . Tiilray soared quickly to 300.00 then tanked and is still hovering around 40.00 and cant seem to budge above 50.00 despite the Cannabis sector rebounding relatively strongly as a whole.
I expect Beyond to be around 40-60.00 by November which is in fact, what the stock price should be today. Players like Tyson have posted profit - increasing revenues - and employ many more people and their stock is only NOW near 85.00.
Beyond will soon be a distant memory come Q1 2020 although when it sinks to 40-50.00 and finds bottom resistance, I'll be buying.
Its hard to believe their October 30 earnings will be any closer to profitability than it is now. Their revenues continue to rise and their road to profitability continues to be further away or not move which isn't a good sign. Often times IPOs that bubble like this eventually crash down when the fairy-tale story wears off.
A lot of people are already starting to talk less and less about the company and this stock is most definitely a bubble. I surely wouldn't recommend buying it.
Hey there! If it gets down to below 50.00 assuming I deem that to be the bottom level I would be willing to throw around 5k in the company. I would have to monitor the bottom based on oscillators, company news, their balance sheet, revenues, profits, EPS, etc, etc, etc. So while I cannot really give you a specific number, date and share amount, once it bottoms out and holds steady at the lower channel which I deem to be in the 40-60.00 range I will likely invest around 5k or so as I said.
I definitely wouldn't recommend investing anywhere near the current level though.
Why not just throw 5k into a short and ride it all the way down to $40-50? Like you I see this being a fad and dropping, but it seems like you'd be missing a major opportunity waiting for the bottom.
You absolutely can but I’m not a daytrader so I don’t short a ton.