|Day Low/High||15.63 / 18.20|
|52 Wk Low/High||2.43 / 22.61|
I have the honor and pleasure of book-ending your week away from Doug. On Friday, we'll get non-farm payroll and the unemployment, so I don't put much stock in the data coming this Thursday morning. Instead, I want to start off the day talking abou...
Ed Ponsi made an interesting comment this morning as he looked at shares of Tilray and Altria , and given my view that we are likely to see Big Tobacco be a player in the legal cannabis industry at some point, I wanted to touch on it. Ponsi's point...
Charts for the marijuana stock and the tobacco giant illustrate their different perception among traders.
Today the markets were influenced by the continued disorganization in the White House (the "Orange Swan" is still flying in the air), new allegations against the Supreme Court nominee and a breakdown in trade negotiations between the U.S. and China....
The first rule of trading these stocks is to understand and embrace the idea that the shot skyward is just temporary; they WILL crash and burn.
"In this world, if you read the papers, darling You know everybody's fighting ah with each other You got no one you can count on babe Not even your own brother So if someone comes along He gonna give you some love and affection I'd say get it while ...
The $5 billion buyback and solid balance sheet could signal this is actually an investible growth stock.
Expert says weed-related products for pets could become a $55 billion-a-year business.
It also beats Nordstrom and Boston Beer Co.
Intelgenx Technologies soars 115% on non-binding letter of intent to work with Tilray.
The only other option is 'to fearfully wait' for the legal-weed industry to expand.
These speculative frenzies all have a number of things in common.
Aggressive traders are beating the bushes looking for the next big mover.
'There's too much hype too soon,' Canopy Growth chief Bruce Linton says.
Let's visit with three charts to see what we can glean about today and tomorrow.
* Tilray is now a sideshow of classic speculative activity - it will likely end badly * Neither go short nor go long * Ignore TLRY and move on, it's a distraction and you may miss other opportunities Henry: (narrating) "And then there was Jimmy Two ...
Covered calls may be the best bet -- or wait for a dip.
Canadian marijuana legalization and U.S. approval of industrial hemp are coming.
Tilray provided good entertainment and there were crazy pockets of momentum.
Cannabis companies should be taking advantage of the mania to raise money.
Tilray isn't the only cannabis stock soaring these days.
Don't try to explain the stock's meteoric rise on a fundamental or technical basis, because it defies both.
"Is there anything at all that can derail this stock market rally?" -- Brian Sullivan, CNBC (today) To me all the ingredients for a market drop are now in place: * Speculative activity is on the rise (materially so in the case of Tilray and others i...