This is what happened after the last euphoric rally in tilray. I was just learning to trade, and was hyper optimistic on the weed sector with recent state level legalizations sure to drive the market. I rode tilray down way too many slow slides as I learned the market cycles.
This peak will be no different. Im excited to see how closely it tracks the previous pattern, and when it breaks out, which way it goes! Hopefully up!
Be careful trading in the high risk parts of the market cycle... better to be patient for when the surf is up than to loose all your credits swimming around in the chop. :)
So, the previous pattern is going to repeat itself and in short tlry will be tanking down quite a lot ?
psbassin
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@StunnerStock, That was a different time. Imo there are too many catalysts ahead for that to happen on that grand time scale. And earnings are next week - there could be a positive surprise as the CEO mentioned they may be break even or positive adjusted EBITDA this quarter.