avatarFernando Lopes

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my money working into passive income, I <b>do not hold any long positions</b> in any of the pot stocks. I do have a trading account that acts as an extra income maker but my main account with my big portfolio is focused on long term with some good dividend stocks.</p><h2 id="a33c">Why Tilray?</h2><p id="a4b3">Well, being a shareholder of Ambev SA (ABEV) I do already have some kind of a relationship with Tilray. Looking at the fundamentals, we have a market cap of around 7.5 billion which makes the second most valued company in its space. Apart from that, we do not have many other ratios to evaluate the company.</p><p id="a4fa">Pot companies are not making money just yet but rather investing/growing hoping for a future breakout in demand.</p><p id="270f">Technically, the stock price is finding some support around the 70 mark and currently trades at 78. This is one of the reasons for looking into it. A bounce at the 70 level can be a good extra income from a day trade or swing trade.</p><figure id="4bed"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*z9OcM5ZKaN-SkG3av3C4Rw.png"><figcaption>Screenshot from Finviz</figcaption></figure><h2 id="85ca">Bottom line…</h2><p id="1ce7">As you probably guess, TLRY is on my watchlist for a possible trade. I am waiting for the play and possibly targeting an entry point around the $70 level. The downtrend is rather visible for the past months but that does not mean money cannot be made in the short term.</p><p id="c9f3"><b>Keep an eye on it and don’t forget to manage your risk!</b></p><blockquote id="5363"><p>If you liked this article be sure to leave your comment below and follow me on Medium. I usually post about saving tips, investing and a bit of my experience as an expat in Europe.</p></blockquote><p id="5c9a"><b><i>If you like my content, please chec

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Photo by Matteo Paganelli on Unsplash

Should I Buy Tilray Stock?

Pot stocks are taking a break from the rally! Opportunity?

I’ve been looking to the pot stocks lately. At this stage, these stocks are highly speculative and it could well be just another bubble.

However…

I have reasons to believe this will be actually a valid industry when combined with others. More specifically the beverages industry…

Recent news brought some more confidence to the pot stocks. First Constellation Brands investing $4 billion in Canopy Growth and recently Anheuser-Busch InBev joined the race with a $100 million joint venture with Tilray.

When big money is betting on the cannabis boom, usually they have some more valid reasons to invest than just me and you and it can act as a validation of the future value of an industry which can be bigger than a few joints sold in convenience stores around the corner.

Invest or speculate?

That is the question right? Personally, I did a few good day trades with pot stocks but I just don’t think of them as a long investment. Perhaps I am wrong and will regret this decision in a few years. Time will tell!

Either you make some money along the way or you allocate no more than 2 % of your portfolio to one of these stocks. Buy it, forget it and evaluate it in a few years.

As my goal for the moment is to put my money working into passive income, I do not hold any long positions in any of the pot stocks. I do have a trading account that acts as an extra income maker but my main account with my big portfolio is focused on long term with some good dividend stocks.

Why Tilray?

Well, being a shareholder of Ambev SA (ABEV) I do already have some kind of a relationship with Tilray. Looking at the fundamentals, we have a market cap of around $7.5 billion which makes the second most valued company in its space. Apart from that, we do not have many other ratios to evaluate the company.

Pot companies are not making money just yet but rather investing/growing hoping for a future breakout in demand.

Technically, the stock price is finding some support around the $70 mark and currently trades at $78. This is one of the reasons for looking into it. A bounce at the $70 level can be a good extra income from a day trade or swing trade.

Screenshot from Finviz

Bottom line…

As you probably guess, TLRY is on my watchlist for a possible trade. I am waiting for the play and possibly targeting an entry point around the $70 level. The downtrend is rather visible for the past months but that does not mean money cannot be made in the short term.

Keep an eye on it and don’t forget to manage your risk!

If you liked this article be sure to leave your comment below and follow me on Medium. I usually post about saving tips, investing and a bit of my experience as an expat in Europe.

If you like my content, please check my other stories:

Disclaimer: I am not a financial advisor. Always do your own research when investing.

Investing
Money
Risk
Cannabis
Business
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