What's up guys and gals,
TLRY has breached support in 2 major ways (MA and green line). I've talked about how TLRY is massively overvalued at these prices, best case scenario is a drop to green line at the bottom. This stock is VERY LIKELY to fall 50% in the coming months. That's being optimistic.
In the last post I made:
I was bullish, but in the comments, you can see that I closed at about a 10% gain because I thought it was a bull trap. It looks like it just might have been.
Its market cap is 10,000x its revenue last I checked. TLRY is a baby and it's trading like a giant. It's going down. There's one question remaining: short here? I would go short, but only a small amount of the amount you plan to allocate to this market and have your stop above the previous high.
.......
I haven't been updating this market as much as I should have simply because I haven't been making it a priority. That is something I can be doing much better: trying to find as many markets as I can to test strategies on. The ONLY market I have a real EXPERTISE in is crypto. I SHOULD NOT be settling for this. You should be trying to learn as much about all markets as you can because in periods of low volatility, you're not going to make any money.
Moral of the story: constantly evolve.
-YoungShkreli
TLRY has breached support in 2 major ways (MA and green line). I've talked about how TLRY is massively overvalued at these prices, best case scenario is a drop to green line at the bottom. This stock is VERY LIKELY to fall 50% in the coming months. That's being optimistic.
In the last post I made:
Its market cap is 10,000x its revenue last I checked. TLRY is a baby and it's trading like a giant. It's going down. There's one question remaining: short here? I would go short, but only a small amount of the amount you plan to allocate to this market and have your stop above the previous high.
.......
I haven't been updating this market as much as I should have simply because I haven't been making it a priority. That is something I can be doing much better: trying to find as many markets as I can to test strategies on. The ONLY market I have a real EXPERTISE in is crypto. I SHOULD NOT be settling for this. You should be trying to learn as much about all markets as you can because in periods of low volatility, you're not going to make any money.
Moral of the story: constantly evolve.
-YoungShkreli