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Welcome to the Cannabis Investing Newsletter Forum. This is for the cannabis stocks forum & discussion. Feel free to find your favorite cannabis stocks and contribute content as you please; content that continues the discussion of, and analysis of, cannabis stocks. – D. H. Taylor

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Tilray TLRY Stock Prints Big and Whether its a Buy

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D. H. Taylor
(@dhtaylor)
Noble Member Admin
Joined: 2 years ago
Posts: 939
Topic starter  

TLRY Stock is heading upwards.  As I write this, there is blood all through the streets in the cannabis markets.  As well there should be.  Valuations were nonsensical for cannabis stocks.  The Blue Wave is important but will take a long time to come to fruition let alone any Canadian cannabis company benefiting from it.  Then there was the Reddit attack that surged pot stocks upwards to unbelievable levels.  Now, the selling of cannabis stocks is getting pot stocks more in line with their fundamentals.

Tilray TLRY Stock Chart

My expectation is simple: Cannabis stocks will realign with basic fundamentals.  That means there is far more selling to go.  That is an opportunity if you line up some excellent companies that are printing solid numbers.

As I write this, Tilray TLRY is down some ~5% after falling the day before by about ~3.5%.  This, after Tilray, printed decent gains in its financials just recently.  Tilray is starting to turn itself towards a more improved outlook.  But, they still have a long way to go.  And, while the numbers are improved, this still has Tilray at the lower end of the pile.


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Gary Osborne
(@gosborne403outlook-com)
Active Member
Joined: 11 months ago
Posts: 11
 

Dear DH,

I know you have stated that you don't believe in technical analysis, several times in webcast.  However, many of us do and make a living off of short-term trading, via t.a. and find it as a useful tool as to when to buy and sell.

My thinking is...... if you combine the two (T. A. and Fundamentals) into your analysis.  I believe you would get more viewers, covering all aspects of the stock.  For instance, I have made good money from short term trading Tlry (amongst other pot companies) using TA.  However, I do not go short, plus I only use your top stock picks; less risk.  Currently, I hold a small core position of several companies in one account (I don't want to miss a major news runup) and I use another account for short term trading.  

Barring a news event. I see Tlry  trying to descend back into its channel that it started around 5 months ago.  It broke out of the channel in Oct on news, topped out right at the 200-day moving average and is now heading south back into the channel. Possibly using the upper part of the channel as support; hopefully.  If not, then we may see $8 +/- again, which is the lower part of the channel.

This is just my two cents worth. Giving your clients all the options in their trading would be a big plus.

Sincerely, 

Gary


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D. H. Taylor
(@dhtaylor)
Noble Member Admin
Joined: 2 years ago
Posts: 939
Topic starter  

@gosborne403outlook-com Hi Gary… Thanks for this input.  Actually, my philosophy on technical analysis is that since so many people actually use technical analysis, it is self-perpetuating.  I won’t be adding in technical analysis to the videos, there are enough individuals out on YouTube doing that.  I’m not really interested in being the biggest at this.  I’m looking for the dedicated to cannabis investing.  That being said, by you combining the two, stocks that are obvious buys because of their financials, you will see technical analysis play out that way.  That duality is likely to serve you very well, and I bet you can accelerate your account balance significantly.  I think you have a solid/winning strategy.  


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Gary Osborne
(@gosborne403outlook-com)
Active Member
Joined: 11 months ago
Posts: 11
 

Good day to you sir,
It's been some time since we spoke, but I have continued to watch and enjoy your videos. I believe that I have noticed a slight change in your style of investing. In earlier videos you stated that you were a fundamentalist only and we should buy and hold for years or for however long the process takes? Correct me if I'm wrong, but am I now sensing a change in trading behavior? You are now suggesting that investors sell after a bounce and reload at the bottom again. This is not criticism, but more in the category of welcoming you to the team of traders. I realize that you don't believe in T.A. but this is a good beginning.
Now if we could eventually convince you to mix t.a. and fundamentals into your video as a package, I believe that your audience would increase tremendously. Again, love your videos and am just throwing out my 2 cents worth.


D. H. Taylor reacted
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D. H. Taylor
(@dhtaylor)
Noble Member Admin
Joined: 2 years ago
Posts: 939
Topic starter  

@gosborne403outlook-com 

Hey Gary... I cut my teeth in FX options trading.  I've done my fair share of trading in-and-out.  And, I've analyzed enough charts to understand the silliness of them all.  

Until these companies up-list to Nasdaq and the masses have a bigger chance of getting involved in trades, cannabis stocks will be prone to spikes higher and then fall back down just as they have done.  But, once institutional investors get involved in Nasdaq-listed versions of profitable cannabis companies, these stocks will be pressured.  Given that, if there is a spike, which I believe we will see again, these stocks may very well move from the category of undervalued to overvalued in a moment's notice.  Why not be an opportunist and take advantage of that?

My thesis remains the same that long term, these stocks are buy and hold opportunities of a lifetime.  Within that process, I also think people should optimize their opportunity.  If these stocks are going to spike upward as they did in February, why not get out and wait until they settle back down and buy again.  You could easily do this and likely be sitting on positions that are 2x bigger.  Nothing wrong with that.

Long term, I think individuals should hold on to the better-performing stocks.  Some people have found my content and I think may be regretting previous buy decisions and potentially wanting to swap out.  This is an excellent opportunity to do so.  

Thanks for following along.


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