Cannabis stock TLRY plunging. What would be causing this price action? - Stocks and ETFs Trading | futures io social day trading
futures io futures trading


Cannabis stock TLRY plunging. What would be causing this price action?
Updated: Views / Replies:517 / 14
Created: by luiscristhian97 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Cannabis stock TLRY plunging. What would be causing this price action?

  #1 (permalink)
Trading Apprentice
Lima + Peru
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 16 since Aug 2018
Thanks: 7 given, 53 received

Cannabis stock TLRY plunging. What would be causing this price action?

Cannabis stock Tilray (TLRY) is plunging after market today September 19. What could be behind this?

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,542 since Jun 2009
Thanks: 3,721 given, 4,265 received



luiscristhian97 View Post
Cannabis stock Tilray (TLRY) is plunging after market today September 19. What could be behind this?

For a stock which did +460% in a month and +79% in 5 days -10% in a day is not surprising.
It's just a bit volatile.

Success requires no deodorant! (Sun Tzu)
Reply With Quote
The following 2 users say Thank You to sam028 for this post:
 
  #4 (permalink)
Elite Member
Boise, Idaho/USA
 
Trading Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB, NinjaTrader Brokerage, Schwab
Favorite Futures: TF, ES
 
Posts: 103 since Sep 2014
Thanks: 23 given, 159 received

I don't mean to be unkind but you need a better news source. This was probably the sort squeeze of the year with all the hallmarks of a humdinger. The people who bought into a parabolic rise (textbook parabolic blow off top) and did not bail when the thinly traded stock locked up are what are called bag holders.

This was pretty much text book all the way including the waterfall crash. Doesn't happen every year to this extent but it does happen.

Reply With Quote
The following user says Thank You to Trailer Guy for this post:
 
  #5 (permalink)
 Vendor: www.optimusfutures.com 
Boca Raton
 
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,333 since Sep 2010
Thanks: 2,272 given, 3,345 received
Forum Reputation: Legendary


luiscristhian97 View Post
Cannabis stock Tilray (TLRY) is plunging after market today September 19. What could be behind this?

Wait until the AM open to see what it could drop. How does a company with 28Mil in sales become worth more than American Airlines and Expedia?

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
 
  #6 (permalink)
W.Coast, USA.
 
Trading Experience: Intermediate
Platform: Anything
Favorite Futures: Emini
 
Posts: 54 since Jul 2017
Thanks: 13 given, 35 received

Perhaps some of the investors are under the influence of the company's product?

Reply With Quote
The following user says Thank You to Arch for this post:
 
  #7 (permalink)
Hi Mom!
Bridgeport, Ct
 
Trading Experience: Intermediate
Platform: Sierra
Broker/Data: IB/Sierra
Favorite Futures: Oil, Nat Gas, ES
 
TheShrike's Avatar
 
Posts: 477 since Jun 2012
Thanks: 1,278 given, 713 received


Trailer Guy View Post
I don't mean to be unkind but you need a better news source. This was probably the sort squeeze of the year with all the hallmarks of a humdinger. The people who bought into a parabolic rise (textbook parabolic blow off top) and did not bail when the thinly traded stock locked up are what are called bag holders.

This was pretty much text book all the way including the waterfall crash. Doesn't happen every year to this extent but it does happen.

https://twitter.com/BagholderQuotes

Reply With Quote
 
  #8 (permalink)
Elite Member
Kyoto, Japan
 
Trading Experience: Intermediate
Platform: TW TOS LiveVol
Broker/Data: TD, TW, IB, Saxo
Favorite Futures: UVXY, VXX, VIX, /VX
 
suko's Avatar
 
Posts: 1,206 since Oct 2013
Thanks: 776 given, 1,179 received

ATM puts at 370 vol, yes it's volatile.

I will just watch from my armchair.


"No one is coming to help you. There is no back up. There are no reinforcements. You are alone. It's on you. SO GET IT DONE." -- Jocko Willink
Reply With Quote
 
  #9 (permalink)
Trading Apprentice
Waco + Texas/USA
 
Trading Experience: None
Platform: Robinhood
Favorite Futures: Currency futures
 
Posts: 26 since Sep 2018
Thanks: 0 given, 7 received

Well their fundamentals got out of whack, they became overvalued, then were downgraded to "market perform." I'm not surprised about the large correction. Seems sentiment soured a bit. But could still see outperformance imo if sentiments return.


Sent from my iPad using Tapatalk

Reply With Quote
 
  #10 (permalink)
Trading Apprentice
Waco + Texas/USA
 
Trading Experience: None
Platform: Robinhood
Favorite Futures: Currency futures
 
Posts: 26 since Sep 2018
Thanks: 0 given, 7 received

Cannabis stock TLRY plunging. What would be causing this price action?


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


A nice wave analysis of TLRY. Showing expected correction. As of the 10th


Sent from my iPad using Tapatalk

Reply With Quote

Reply



futures io > > > > Cannabis stock TLRY plunging. What would be causing this price action?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

60 Minutes to Better Decisions & Better Trades w/Agustin Lebron

Elite only
 

Live Day Trading the E-MICROS w/Ilan @ Cannon (special time: 12PM ET)

May 30
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How many of you smoke cannabis? :) mzelixon Off-Topic 40 December 28th, 2018 03:23 PM
What do you think would be worth researching regarding the Price Action Trading? hachot Traders Hideout 10 October 15th, 2015 02:34 AM
Premature Earnings Release Sends Google Stock Plunging Quick Summary News and Current Events 0 October 18th, 2012 01:50 PM
Dividend Payouts Are Climbing After Plunging to a Record Low Quick Summary News and Current Events 0 February 14th, 2012 11:00 AM
How to find which indicator or strategy is causing errors on later compile attempts Saroj NinjaTrader Programming 0 June 26th, 2009 12:40 PM


Tags
5 wave, atm, correlation, dow, elliott wave, elliott_wave_theory, etf, futures, futures trading, information, loss, nasdaq, news, parabolic, patterns, people, price action, sentiment, squeeze, stocks, strategies, tapatalk, top, traded, trading, trend, wave

All times are GMT -4. The time now is 02:35 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2019-05-25 in 0.24 seconds with 33 queries on phoenix