NickFi
Long

TLRY rollercoaster

NASDAQ:TLRY   TILRAY INC
I decided to buy (impulsively) some TLRY stock. I got in today at $122.98. The fundamental data is not good (the company is losing money at the moment) so I based my purchase on FOMA and on the hype surrounding the company. Usually it doesn't end well for me when I take such hasty decisions... The recent spike to $300 and fall to $100 shows there is a lot of interest, and a lot of speculation takes place. The analysts opinions are mixed about this stock. A few of them recommended to sell well before the peak was reached. The insiders made purchases very early, entering at $17.
Comment: I got out today at $143.3. I will try to re-enter at a lower price, I place a buy at $117.50 - I don't know if it will go that low any time soon, but that price is in the range of yesterday, so it's not so far-fetched.
It's going for $150 today. They keep dribbling news and then it rallies. This is going to keep happening until the Oct deadline. I see $200 then drops before Oct.
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NickFi emilysinger
@emilysinger, Yes, I would not be surprised if that happens.
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Don't worry TLRY is highly speculative however the whole sector is new and that's because of legalization, marijuana has been around for a long time and is going to stay for a long time to come, unlike other bubbles such as bitcoin etc. I think more positive news will keep this stock climbing closer and closer to legalization in Canada, which should help as well because thats where this company's HQ is and US rate hikes etc won't affect TLRY as much, which might turn some US investors heads as well.
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Thank god I put a few calls in for this week and next. from last night up 140%, many analysts think were going right back up. GL!
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I did the same at 117.00, looking to sell any minute now for 12% profit.
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