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Thursday, September 20, 2018
TLRY Tilray Minute Charts; Wild Flash Spikes and Flash Crashes Due to Marijuana Mania 9/19/18 and 9/20/18
Tilray is the talk of the town, or more correctly the toke of the town. Global investors are in a frenzy buying pot stocks with both fists. CGC, MJ, GWPH and others move higher but TLRY has grabbed the spotlight on the pot stage.
On Wednesday, 9/19/18, Tilray began floating higher and at 2:48 PM EST, bingo, prints over 300! Boom. Price collapses triggering a halt in trading due to excessive volatility. TLRY begins trading again and wham; it is halted again. TLRY comes back on line at 3:10 PM and begins to stabilize but the sellers enter in force again locking in the big gains from early in the day. Boom, TLRY is halted from trading again for the third time due to excessive volatility.
TLRY comes back on line again and is flushed faster than the morning constitutional triggering the fourth trading halt. Tilray flash crashes over a one-hour period from 300+ to 151, a -50% drop. That is hilarious. Wall Street is no different than a rigged Vegas casino. TLRY recovers into the Wednesday closing bell with a flash spike move from 151 to 214. TLRY ends the wild day with a +38% gain.
On Thursday, 9/20/18, TLRY rallies during the first hour of trading but then rolls over and the sellers hit it hard again. Price languishes during the trading day and ends down -18% giving up one-half of yesterday's upside orgy. From 10 AM to noon, two hours, TLRY drops from 240 to 158; -34%. Marijuana is in the mainstream now and there is no turning back. Canada's pot legalization begins next month. Marijuana plants and tulips have a lot in common. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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