Jump to content
  • 0

Tilray Inc (TLRY) on Nasdaq


technovator
Message added by JamesIG

Hi all - Please note as of 9am on the 20th Sept this stock is currently 'unborrowable' which means that you won't be able to open a short position. This is because there is no 'borrow' in the underlying market itself, and is therefore a matter outside our control. You can check out the latest financials on this stock via this post.

Question

18 answers to this question

Recommended Posts

Given the circumstances, low float mostly held by the equity firm, the question is, is there one more spike up in the cards?
As I assume there are a lot of people trying to short now with the price falling and some other shorts keeping them in the hope to close way lower, there should be enough fuel still.
I do not think the situation changed much from the start of the week to today regarding the underlying situation.

Obviously the valuation is not sustainable, but that is not the important fact here, but shorts that cannot find shares to cover.

 

Opinions?
Have a nice weekend, everone!

Link to comment

We've had a few questions on the phones relating to shorting, or more specifically why you can't short at the moment on this particular market. The below may be useful for those new to this market event of 'unborrowable' 

 

 

You may find the following pages on IG.com useful. 

https://www.ig.com/uk/news-and-trade-ideas/shares-news/best-marijuana-stocks-to-watch-181219

https://www.ig.com/uk/trading-strategies/how-to-invest-in-the-cannabis-industry-181218 

Link to comment

Morning all,

Below are the most recent ratios and earnings for TLRY hot off BBG this morning. Moves of the magnitude seen last night are extremely rare and, potentially unwarranted given fundamentals (as usual my opinion only, not advice etc etc.)

As it stands the shares desk have been able to secure exactly 0 borrow in this stock, they'll keep trying but looking increasingly unlikely. We do offer equity options (by phone) in hours on US shares, however premiums on puts are eye-watering ATM.

Will update if anything interesting pops up.

Cheers,

Ludwik

 

sg2018092028354.gif.31f879594c041c28f9594acb1d25bf3c.gifsg2018092028337.gif.9cc9ebabb8bc2f390bf04ac473f3a3e2.gif

Link to comment

Yes Guest Marc, 'unborrowable' means there is no one willing to lend you the stock for you to short it (you can't sell what you don't have) though the status is fluid and may change off and on throughout the day. All the cannabis stocks have caught fire *cough* recently as they position for a grab at the world market. Bubbles don't come more pronounced than this but as you say you can't predict the top. Lovely weekly chart since listing in July.

PROFILE

Sector, Healthcare, Industry, Pharmaceuticals,

Tilray Inc is a Canada-based company engaged in pharmaceutical sector. The Company is a supplier of cannabis products to pharmaceutical distributors. The Company is focused on medical cannabis research, cultivation, processing and distribution of cannabis products worldwide. It also supplies cannabis products to patients in a number of countries spanning five continents through its subsidiaries in Australia, Canada and Germany and it produces medical cannabis in Canada and Europe.

tlry1.thumb.PNG.ff4dc11d05ebd2516c0ba5d8618de31e.PNG

 

Link to comment

There are no farms in the world that have a market cap of 20bn. Tilray has not invented Weed and is not the only producer of Weed . So it is a totally irrational move for anyone that asks. but the parabolic move could last days and totally explode. 

Link to comment

Hey all - please note that this stock has around 13% free float so could see significant volatility. Most stock is owned by a private equity firm and it looks like there is no borrow in the underlying market. 

As with all investments, speculations, trades and bets perform due diligence and act accordingly. 

Link to comment

Thanks @caseynotes - worth noting @technovator that you can give us a call if you wish us to manually check for borrow in the market. There are no guarantees, but it may be worth if you want to get the trade on. It may also be possible to trade against our inventory. 

For others reading this it's worth giving us a call if you're looking to get a short on when it's unborrowable in the markets. Cheers.

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      23,600
    • Total Posts
      96,963
    • Total Members
      44,171
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Krishna
    Joined 03/12/23 18:22
  • Posts

    • Thanks. A really interesting video and some interesting statistics and analysis. I haven't the time to go back and analyse whether a strong November increases the chance of there not being a Santa rally, although one of the slides highlights that the negative Santa Rally years were tied with poor November returns for the market such as 2000, 2008 etc which seems a contradiction.  Would I short and back against it happening? When it occurs in over 80% of years... absolutely not.  The Santa Rally – Christmas Growth in the Stock Market. (moneysandi.com)
    • Trade statistics of the 'Triangle 8th' system as of 12/03/2023 Gain: 102.00% Profit: 781.52 USD Funds: 1,400.18 USD Balance: 1,781.52 USD Beginning deposit: 1,000.00 USD Withdrawals: 0.00 USD Top-ups: 0.00 USD
    • Name of stock - Vox Royalty   Name of Stock Exchange - NASDAQ   Leverage or Share dealing - Leverage   Ticker - VOXR   Country of the stock - Usa   Market Cap - 100M
×
×
  • Create New...
us