Stock Advice Thread
- Thread starter dgtatu01
- Start date
I’m looking at TLRY and CGC long term. Little by little the world (especially the US) is legalizing pot. The market will grow exponentially.
How does everyone feel about Nio? It’s small, just went public. But it has the best chance of capturing the EV market in China.
How does everyone feel about Nio? It’s small, just went public. But it has the best chance of capturing the EV market in China.
Agree on your pot thoughts, this weekend there’s talk of a 25% drop soon, might get your chance to start accumulating.
VTI is a good, low cost long term play, has done a little better the last couple of years than VOOG, Vanguard’s S&P ETF.
I think we need some patience on these now like any other high growth stock, accumulate as it drops, let the worldwide market develop over the next several years:
“Why has Tilray's share price soared so much in recent weeks? I suspect one big factor is that the stock trades on the Nasdaq, which makes it more visible and accessible to U.S. investors. Another potential reason behind the stock's huge move is that many people think that Tilray could be a top candidate for major alcoholic beverage-maker Diageo to select as its cannabis partner. I think the more important case for buying Tilray, however, is why it could be under consideration by Diageo.
One likely factor is Tilray's production capacity. The company should have 912,000 square feet of growing space by the end of this year, 230,000 square feet of which is in Tilray's facility in Portugal. With many predicting tremendous demand in Canada once its recreational marijuana market opens next month, capacity will be key.
Speaking of the Canadian recreational marijuana market, Tilray has been very successful in lining up supply agreements with provinces and territories. So far, the company has secured deals with British Columbia, Manitoba, Nova Scotia, Ontario, Quebec, the Yukon Territory, and the Northwest Territories.
But the global opportunity is the biggest prize dangling before Tilray. The company already exports medical cannabis to 11 countries outside of Canada, including Germany, the largest cannabis market outside of North America. Tilray's international sales accounted for only around 5% of total revenue in the second quarter, but that percentage should increase significantly over time.
Tilray is also in a solid position financially to continue expanding its capacity and its international operations. The company reported $25.3 million as of the end of June. That figure, however, doesn't include the $163.6 million in net proceeds raised from its initial public offering (IPO).”
I’m “sobering up” on this recent amazing growth, selling all but 100 sh TLRY premarket Monday, wait for a drop, then another likely drop upon the legalization 10/17 in Canada, start accumulating.
I’m all over it. Had put $2500 in to get about 50 shares of CGC but I think I may go with a lot more if the drop happens and buy into both CGC and TLRY.
I just can’t afford much of TLRY honestly unless I sell off my positions in other stuff. $100 a share is just amazing and I’m extremely hopeful CGC gets there.
I just can’t afford much of TLRY honestly unless I sell off my positions in other stuff. $100 a share is just amazing and I’m extremely hopeful CGC gets there.
Sounds wise, and I think patience will reward, too many shorters and hedge fund managers openly attacking these stocks right now. Ease money into those stocks, things may even get flat for awhile until their next eps reports so investors can see their early sales volume.
No idea, think your timing is good with the tariff war going on? Is China getting parts cheaper for building new cars cheaper, if so, maybe a great time?
I think if you are worried about losing $100-$300 then you shouldn’t be playing in the stock market. Set a baseline sell price at 9.50 or whatever you are comfortable losing. At $300, that isn’t a lot.
I get what you’re saying but that wasn’t my point. I’m not worried about losing $300. I was just asking if the situation Nio is in it it’s worth a small amount just for the “what if” factor. Or would I be better served throwing the $300 into CGC again.....or into one of my funds?
Note that 90% of my investments are a mix of stable funds.
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Welp, I was wrong, Coca Cola now highly interested in cannabis drinks and the pot stocks up some more, I still sold some, not pushing my luck much further after 3 plus weeks of amazingly, dumb luck profits on TLRY.
10% of ones portfolio seems perfectly reasonable for speculative investing at any age as long as you're comfortable with the possibility of losing it all.
Never cry over spilled milk. However, today I could have cried when a plumber came into my home to fixed a clogged house drain and destroyed my toilet. All fixed now thankfully.
Damn it my money takes 2-3 days to get into my TDameritrade acct so I missed a decent day on CGC.
But it’s still below $50 a share which is the max I’d want to pay despite feeling it’s going to skyrocket.
Any word as to who Coca Cola is interested in partnering with?
I saw TLRY 100% bounced back from a $15 a share loss on Friday, that’s great stuff lz!
But it’s still below $50 a share which is the max I’d want to pay despite feeling it’s going to skyrocket.
Any word as to who Coca Cola is interested in partnering with?
I saw TLRY 100% bounced back from a $15 a share loss on Friday, that’s great stuff lz!
What happened
Shares of Tilray, Inc. (NASDAQ: TLRY) were up 10.8% as of 3:21 p.m. EDT on Monday following a double-digit percentage drop on Friday. Tilray's big bounce back came as a result of a report by BNN Bloomberg TV that Coca-Cola is in discussions with Aurora Cannabis (NASDAQOTH: ACBFF) about developing cannabis-infused beverages. Shares of Aurora Cannabis soared 19% on the report.
So what
It makes sense that Aurora Cannabis stock would jump on the news of a potential deal with Coca-Cola, but why Tilray? Investors were apparently thinking that what's good for the goose is good for the gander.
Tilray is neck-and-neck with Canopy Growth as the top marijuana stock in terms of market cap. Aurora Cannabis ranks third. Canopy already scored a deal with big alcoholic beverage maker Constellation Brands to develop cannabis-infused beverages. If Aurora lands a partnership with Coke, there's probably a good chance that Tilray could be next.
Beverage companies might have to begin taking a number to strike deals with the top Canadian marijuana growers. Diageo is also reportedly in talks about partnering to develop cannabis-infused drinks. Tilray CEO Brendan Kennedy mentioned in the company's Q2 conference call that other big companies are likely to make deals with cannabis growers in the next few months. It appears that his prediction could come true sooner rather than later.
I read that about ACBFF which I’m going to buy into as well as CGC.
TLRY is seemingly riding being the first to actual get a distribution to Germany even though CGC somehow has a larger market share there......and I do not under how that is if not distributing.
That said the “smart” people are saying CGC is going to have a rough October.
TLRY is seemingly riding being the first to actual get a distribution to Germany even though CGC somehow has a larger market share there......and I do not under how that is if not distributing.
That said the “smart” people are saying CGC is going to have a rough October.
Just have 100 sh TLRY left, will be on the sidelines following things, 25% drop and I buy more.
My GIS took an 8% hit this morning. No problem. Loving it, actually. Wonderful buying opportunity.
My $100/mo. investment is increasing to $200/mo. Scheduled the increase last month, but Wells Fargo, GIS transfer agent, is incredibly slow.
My $100/mo. investment is increasing to $200/mo. Scheduled the increase last month, but Wells Fargo, GIS transfer agent, is incredibly slow.
Looks like they beat earnings, but missed revenue again, store brands hurting their sales?
Looks like TLRY has the damn sky as a ceiling, Christ!
Good for you lz.
I bought into ACBFF the company Coca Cola invested into. Hopefully CGC comes back below $50 a share and I can get in, but I’d like to wait out October to see if the talking heads are going to be right that they all drop in October for some weird reason.
I guess getting legalized has the reverse affect I’d think it should
Good for you lz.
I bought into ACBFF the company Coca Cola invested into. Hopefully CGC comes back below $50 a share and I can get in, but I’d like to wait out October to see if the talking heads are going to be right that they all drop in October for some weird reason.
I guess getting legalized has the reverse affect I’d think it should
Yes, hit four bagger territory after four weeks today, I read that some have six baggers who bought earlier. Oct 17th is the Canadian legalization date, they are likely talking about “Sell on the News.” Daily news reports keep propping up TLRY, today they announced the US has approved obtaining higher grade pot from TLRY as part of a study to treat Parkinson’s disease. I hope CGC drops 15% when the others drop 25% or more, it’s the king up there, might pick up some shares myself.
Store brands and changing tastes. Millennials are more into fresher options rather than packaged foods. I predict GIS pursuing fresh food distributors.
Kroger did the same thing as GIS but had a nice bounce after that. Ironically, their store brands have been a huge boost to earnings over the years.
Agreed. With all the candy flying around Halloween, you would think pot would be booming in October?!
Turns out Coca Cola and Aurora are back tracking from the report they are partnering. Weird.
Also TDameritrade some did not process my deposit request last week and I’ve missed on on about $4 a share hike in CGC.
Angry money right now. So I deposited double the amount, I’m all in.
Let’s get high!!!!
Also TDameritrade some did not process my deposit request last week and I’ve missed on on about $4 a share hike in CGC.
Angry money right now. So I deposited double the amount, I’m all in.
Let’s get high!!!!
Agreed. You would think Nabisco, Frito-Lay, and Papa Johns would salivate at the thought of throwing money CGC/TLRY/Aurora's way......
Be careful chasing CGC. You're much better off moving on to something else if you can't get your price. I always have limit orders that never get executed but can rest easy knowing although I missed it, I didn't pay up and there are always other opportunities.
Yea I’m with you honestly. Just not happy about it at all since I should have bought in yday and gained today.
No telling what I do at this point, when I get angry I’m like one of those spinning fireworks......you know it’s about to shoot somewhere but there is no telling where so stand back!
No telling what I do at this point, when I get angry I’m like one of those spinning fireworks......you know it’s about to shoot somewhere but there is no telling where so stand back!
Yes, I butt kick myself worse from buying high than missing on a price, better to shrug, put on a watch list or maybe a stop limit order.
I mean TLRY with a $35 a share day and up $18 a share after hours.
Just sick! When does it stop?
Just sick! When does it stop?
During dot com days I had it like this with 4 or 5 companies, not quite this fast but much more potential profit, held and held and held....a hog got slaughtered. This time I sold 2/3 of it, selling is always the hardest part of big moves.
The “real” cannabis investing begins after a big downturn, then the hotshot analysts have to figure out the total value of the market (probably unlimited) and each company!
That’s why I love CGC, in the real world they have a larger market than the others, but their stock isn’t flying off the shelves yet.
I get the hyped news on TLRY as far as the past 2 days but see them as a newsbreakrr but the real choice revenue, profit sustainability to me is CGC unless Coca Cola does work a deal with Aurora.
I can’t see making much more money with TLRY, but that is because my buying power there is nothing where your is clearly different.
I get the hyped news on TLRY as far as the past 2 days but see them as a newsbreakrr but the real choice revenue, profit sustainability to me is CGC unless Coca Cola does work a deal with Aurora.
I can’t see making much more money with TLRY, but that is because my buying power there is nothing where your is clearly different.