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

  • 0

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
  • 0

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
  • 0

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
  • 0

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
  • 0

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

  • Like 1
  • Thanks 1
Link to comment
  • 0

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
  • 0

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

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      16,577
    • Total Posts
      79,188
    • Total Members
      65,043
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    ACTIONTRADE
    Joined 28/11/21 09:17
  • Posts

    • haha, Patrick Vallance - ‘the reason this one is worrying is the combination of transmissibility and the potential for some degree of escape from vaccines because of the changes.’ They haven’t even tested it against the vaccine but they know in advance the vaccines wouldn't work. Some degree of escape haha, total you mean, as said, only cooking the books allowed Delta to look like the vaccines still worked - a bit. Don't comply, stop swallowing this never ending stream of utter garbage.        
    • haha, did you get your text from the NHS today?     ''Just got this text from NHS. Interestingly, since “fully vaccinated” now means: “at least 14 days since 3rd jab” or “between at least 14 days & < 6 months of 2nd jab” the 8 out of 10 is probably about right. But totally misleading. Less than 1 out of 10 have had no vacc.''   Prof Norman Fenton @profnfenton  37m   🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 ''If I happened to miss the first 3 jabs and go straight to the 4th, am I good? Or do I need the first 3 that don't work...to be combined together, in order to make the 4th one work? This science stuff is confusing!''     Rule Boy @RuleBoy11
    • The use of non-sterilising vaccines drives the evolution of viruses and creates new variants - this is ABC virology and an incontestable, inescapable scientific fact, known for decades. What newspaper columnists and media talking heads say cannot change this one iota.  
×
×
  • Create New...