What I see in Tilray future
The top stock this week is $Tilray Brands(TLRY.US$. It showed signs it has bounced off of its 50ma on Friday. The CEO and directors that were removed and moved around after the merger, which was causing insider selling as their contracts were changed or paid out to end them, has settled down after 2 months with no insider selling for the last month. The option contracts that had old and new ones mixed together from the merger ended on Friday.
Their ER is coming up on the 28th in premarket. They are expected to post a positive EPS for the first time in the companies history. This will cause more stock purchases leading up to this announcement. This should lead to a make or break moment for them at 20.83. They beat expectations investors will be rewarded with a 30.00 share prices. If its terrible then a crash back to around 9.00. If its close or reports expected EPS then its overall market sentiment will decide its direction. A 10day investment should reach a 50% gain. A hold thru ER could net a 100% gain.
My second choice would be $Skillz(SKLZ.US$.
Hope this helps!
Their ER is coming up on the 28th in premarket. They are expected to post a positive EPS for the first time in the companies history. This will cause more stock purchases leading up to this announcement. This should lead to a make or break moment for them at 20.83. They beat expectations investors will be rewarded with a 30.00 share prices. If its terrible then a crash back to around 9.00. If its close or reports expected EPS then its overall market sentiment will decide its direction. A 10day investment should reach a 50% gain. A hold thru ER could net a 100% gain.
My second choice would be $Skillz(SKLZ.US$.
Hope this helps!
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Mcsnacks H TupackOP : Also legalization is going to be in the headlines for the next few weeks.
The CBI Investor : This month top stock is $AMC Entertainment (AMC.US)$
Mcsnacks H TupackOP The CBI Investor: Tilray had an institutional investor sell their stake today. Not a good sign for upcoming ER.