when TLRY was 230 or so pre-market, he twittered that he was short "a managable amount of TLRY and will stay short".
This stock was a big transfer of wealth from dumb shorts like Citron to whoever was manipulating it higher and bending the shorts
I highly doubt it. Even if the stock drops 50%, Citron is still be at a loss. And they might puke it up before that...
Cannabis stocks are the new "internet stocks of the 90s." No manipulation is needed. Or cryptos 1-2 years ago. Once one weed stock made a precedent, the rest is just following...
Whattttttttt? What're you smoking?? Dot.com was a concept about an undefined product and no immediate consumers. Crypto was a concept built around an ill-defined product with nearly-unwilling consumers. And here comes ol' Herb & Mary Jane, with an *ancient* product, and BILLIONS of consumers. That is just not a hard business model to compute, eh. If TLRY hits $1k before 12/2019, I might consider shorting it. But probably not.
probably, Citron Research doesn't trade the stock because it's a research firm who researches on stocks and makes recommendations, perhaps, its clients do. or else it's fighting with the big guns: (these firms IPO-ed TLRY). unless JPM is its bank. Cowen, Roth Capital Partners Northland Capital Markets. BMO Nesbitt Burns Eight Capital.
Today it already had the going vertical chart with the 50% drop. Check out BTC's chart in Dec-January, same pattern...
nothing new under the sun. MDBX , a vending machine co., dispenser of weed, was not mentioned. in less than a month, it went from the mid-twenties to $300-400 before collapsing to less then a penny.(2014)