You mess with the bull — you get the horns. I did warn against this move and find myself in the enviable position of being long a large cache of pot stocks into what can only be described as the short squeeze of 2018. Nothing matches up to this yet and I am glad to be a part of it.
Over on Twitter, Sad Boy Andrew Left made a mistake by showing people how exposed he is to TLRY, which I believe is now adding fuel to the TLRY bonfire. Anyone who’s had a bone to pick with Citron is now placing market orders for TLRY — hoping to drive Left mad.
The move in Tilray is beyond comprehension. No one needs a market pundit to explain that. This is just the dynamic of trading low float stocks. Yes we are short and will hold a manageable position until rationality sets in
— Citron Research (@CitronResearch) September 19, 2018
I don’t like to see anyone get poleaxed to this degree. Then again, if anyone deserves it, it’s probably Citron.
As for me, I’ll likely take a victory lap today and enjoy the fruits of my labor. I hope you played along and was able to execute some smart trades.
See you in Exodus.
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