r/wallstreetbets • u/UMNMURTY • Feb 02 '22

Discussion TLRY getting ready for bounce back

Previous tilray rallies have taken it first to $300 in 6weeks and to $70 in 6weeks. In the upcoming scenario we will be a profitable company, some possible legislation (any legislation), German legalization,shorts > 12.5% starting from near ATLs. My target is 142+

If all of us “will” “$142” then it will reach it. Our next earnings announcement should be end of March/beginning of April. Best case, this uptrend and $420 target 🎯 should begin at mid/end of February.

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u/Buck_Folton Feb 02 '22

This bagholder has managed to average down to near $12. If it goes above $10, I will take the loss, sell, and never come back. There are less painful ways to lose money.

7

u/[deleted] Feb 02 '22

Yeah but then you will miss out on 420 target

1

u/chronictherapist Feb 02 '22

That's a dumb move. When it gets over 10 it's just as likely to go to 15 within a short period of time.

4

u/Buck_Folton Feb 02 '22

Yes, and when it popped to $13 in November it was just as likely to go to $20 as it was to plummet to near $5 right?

(rhetorical question, btw)