I suspect we will see more sell off. Volume dropping and overall interest in this meme stock is losing ground. We should see $5 dollars this week unless the YouTube kids get back into it. I have 1500 shares at 10.53 I have sold cover calls and my cost basis is really 7.62.
I suspect we will see another sideways to down week. I suspect more negative news out of China will hinder the SPY. This will lead to more broad sell off. I dont see Tilray moving much upward unless there are positive news on banking and legalization. Any up moves will quickly sell off short term. I may add to my position for cost average down by selling puts, but...
I suspect we will see some down turn this week. Volume has dropped off significantly.
Tilray volume is slowing. I suspect we have lower prices ahead. I think it’s reasonable to say we could see 10.
Long term tilray holder. I think near term will be sideways to lower. This stock moves on news. If you look at the most recent jumps it’s been news. Especially the last few weeks there is no buying interest. The last few days have long upward wicks. Bulls can’t get it out of the slump. The nice technical edge is there but I don’t think unless there is some strong...