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

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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?

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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.

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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.

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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?

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

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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

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

I will just watch from my armchair.


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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.


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


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


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