Lotto Ticket

Discussion in 'Options' started by vanzandt, Oct 3, 2018.

  1. vanzandt

    vanzandt

    Might wanna look at the November $2.50 calls on DTEA for $1.05.
    They spiked big yesterday on no news. The company said there was "no change in the corporation"... but that doesn't mean they aren't talking to someone.
    If weed-drinks are the next big thing in Canada.... they certainly have all the parts in place with their ice-tea operations.
    $2.70 book value/share and they actually have excess cash on their books.
    Albeit its a microcap with a marketcap less than 100MM.

    All that said.... in this latest mania of all things weed, like BTC was earlier this year.... it would certainly be a prime target for a high tech boiler-room to start some rumors and make a quick killing on a move like yesterday.
    But its not like it was a penny stock forever... it was over $12 within the last 2 years. They lose money every Q though lol.

    So who knows. They have manufacturing assets, distribution, cash on the balance sheet... and weed-drinks are supposedly the big new thing.

    Who knows.
    ......Lotto ticket.
     
    zdreg and Sprout like this.
  2. Marokkoko

    Marokkoko