TLRY: Poor Q2 Earnings To Push Stock Back....For Now
While many people have been super bullish on Tilray, I posted a little while ago my reasons why I am not bullish yet on the stock. I predicted their earnings would disappoint and they did.
Tilray had a fake break-out to trick investors, and the stock increased to 46.00 and change today, only to give it all back post-earnings and back in its consolidation to 42.00 by the open tomorrow.
While their revenues are increasing; their losses are mounting. However, after studying their balance sheet extensively, I believe most of their losses are due to business structural changes, rather than industry issues necessarily.
I believe Tilray will break-out in-time for their Q1 2020 report. After their Q1 2020 report I believe we may finally see Tilray inching closer to the 60, 70 and 75.00 ranges.
Moreover, I believe the poor earnings may push the stock below 40.00 temporarily (not for too long), and that should be your buy zone. I do not recommend buying the stock now because you won't get any decent ROE for a while.
Ideally, you want to set a stop loss buy for about 35.39 and closely monitor the stock to see if you can get such an entry. If you are desperate to own the stock then anything at 39.00 or below is recommended.
- zSplit
Tilray had a fake break-out to trick investors, and the stock increased to 46.00 and change today, only to give it all back post-earnings and back in its consolidation to 42.00 by the open tomorrow.
While their revenues are increasing; their losses are mounting. However, after studying their balance sheet extensively, I believe most of their losses are due to business structural changes, rather than industry issues necessarily.
I believe Tilray will break-out in-time for their Q1 2020 report. After their Q1 2020 report I believe we may finally see Tilray inching closer to the 60, 70 and 75.00 ranges.
Moreover, I believe the poor earnings may push the stock below 40.00 temporarily (not for too long), and that should be your buy zone. I do not recommend buying the stock now because you won't get any decent ROE for a while.
Ideally, you want to set a stop loss buy for about 35.39 and closely monitor the stock to see if you can get such an entry. If you are desperate to own the stock then anything at 39.00 or below is recommended.
- zSplit
Comment:
^ Comment in wrong post. That was meant to be placed in my Gold ideas. Apologies.
Currently the 2 YR is about 1.8% lower than the 10 YR. When this inverts (i.e. the 2 YR is higher than the 10 YR), there will be a massive US indice algo sell-off. What does this mean?
Gold and Silver will be sucked up in massive buys as the Dow for example, will shed at-least 800 points.
Stay patient and stay long in Gold. Buy the dips and don't panic.