Friday 14 September 2018

Is Tilray (TLRY) The Pump and Dump of the Year?

TLRY - up ~250% in 4 weeks. $28M in sales, no profits, market cap now = $10B. 225X Book. 355X Sales. We shall document le Pump & Dump in real time. SNAP-esque. Exhibit 1:

TLRY Tilray, Inc. weekly Stock Chart


Shorting this is a moral obligation.
Certain stocks tend to move in 1-2 month symmetry, esp. blatant pump and dumps. What does that tell you about the next two months for TLRY? What's the fortitude of the community of bulls, what's their common denominator and what's their likely Uncle Point?
Majority of longs in TLRY at this point likely have tight stops, zero conviction, and small accounts. Insta-capitulation.

Best part: TLRY is no microcosm of general market. no spoos crash on horizon + more the market gets to thinking about next recession, the more they realize Fed is now obligated to flat out buy stocks and prevent a serious decline. Uber bullish for spoos, not so much for TLRY.